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Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Global Indemnity Group, LLC, an international entity, provides specialized property and casualty insurance as well as reinsurance services through its subsidiary companies. The organization's operations are divided across three primary business areas: Commercial Specialty, Farm, Ranch, & Stable, and Reinsurance Operations. The Commercial Specialty division distributes various coverages, including property, general liability, casualty, and professional lines products.
How they make money
Global Indemnity Group, LLC operates as a holding company for specialty property and casualty insurance businesses. It generates revenue primarily through underwriting insurance and reinsurance policies, earning premiums, and providing technology, AI-enabled marketplace, and claims services to the insurance industry.
Products & services
Specialty property and casualty insurance, assumed reinsurance, and insurance-related technology and claims services.
Brands & revenue mix
Penn-Patriot Insurance Company
Statutory insurance carrier owned by Belmont Holdings GX, Inc.
Separate brand revenue is not available in this research.Source
Diamond State Insurance Company
Statutory insurance carrier owned by Belmont Holdings GX, Inc.
Separate brand revenue is not available in this research.Source
Penn-Star Insurance Company
Statutory insurance carrier owned by Belmont Holdings GX, Inc.
Separate brand revenue is not available in this research.Source
Penn-America Insurance Company
Statutory insurance carrier owned by Belmont Holdings GX, Inc.
Separate brand revenue is not available in this research.Source
United National Insurance Company
Statutory insurance carrier owned by Belmont Holdings GX, Inc.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Owners of properties under construction, renovation, vacant, or rentedSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
Wholesale general agents — A select network of wholesale general agents with specific binding authority that distribute property and general liability products.Source
Strengths
Statutory insurance carriers rated A (Excellent) by AM BestSource
Risks
Exposure to catastrophic events such as California wildfiresSource
Dependence on the ability of subsidiaries to pay dividends to the holding companySource
Overall investment score · Quality, value, risk and opportunity
44
Weak
PoorElite
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
47
Weak
Financial Strength
69
Business Quality / Moat
12
Management
66
Growth Quality
28
Risk / Durability
57
Weak Company · Expensive Stock
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
32
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
36/100
Building Historical Record
Model Score 36/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
What we like
•Balance-sheet / debt profile scores strongly
What to watch
•Valuation is a weaker part of the current profile
•Revenue fundamentals are weak
Company-specific research
Questions worth answering for GBLI
Research inputs 100% complete
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
•Can GBLI maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
•Is GBLI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
•How is GBLI likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
•What future growth or profitability would be needed to justify GBLI's current valuation?
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
Volatility = How violently is it moving?
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for GBLI
Detected from reported data — verify before acting.
Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Community Sentiment
0 active · 0 total calls
0% Bullish (0) 0% Bearish (0)
No personal call yet on GBLI.
Potential upside factors
+Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
+Statutory insurance carriers rated A (Excellent) by AM Best.
+Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
−Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Insurance - Property & Casualty industry.
−Exposure to catastrophic events such as California wildfires.
−Dependence on the ability of subsidiaries to pay dividends to the holding company.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdown
Wall Street Score
Weak44/ 100
Weak (0–50)Fair (51–71)Strong (72+)
Debt
Strong
83
Debt Cost—
Debt Reduction YoY19.7%
Debt / Equity0.01x
Tap for breakdown →
Revenue
Poor
27
Revenue YoY1.4%
Revenue CAGR-7.7%
Net Margin7.5%
Tap for breakdown →
Asset
Fair
55
Asset Growth YoY-0.6%
Liquidation/Share$50.12
Net Assets/MCap4.88x
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Capital
Fair
50
Earnings Yield9.8%
Buyback Yield2.5%
Debt Cost—
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Management
Fair
66
ROIC4.1%
ROE4.8%
ROA2.0%
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Moat
Poor
12
EPS Growth-22.0%
FCF/Share Growth-32.4%
Rev/Share Growth-3.0%
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Valuation
Poor
26
Intrinsic Value$20.06
Value Reference$12.04
MOS-20.9%
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Buffett
Weak
49
Revenue27
Moat12
Valuation26
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MOS
Poor
0
MOS %-20.9%
Value Reference$12.04
Deep Discount Reference$8.02
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Financial
Fair
60
Interest Coverage—
ROIC4.1%
FCF Yield2.6%
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Master
Fair
58
Financial60
Valuation26
Debt83
Tap for breakdown →
Resilience
Strong
84
Survival Years36.5 yrs
Current Ratio1.35x
FCF Margin2.0%
Tap for breakdown →
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Score Changes
5 historical score records available
Previous Score
44
Sep 24, 2026
Change
Unchanged
Current Score
44
Oct 1, 2026
Category Changes
Revenue+0.4
Debt0
Assets0
Capital0
Management0
Moat0
Valuation0
Buffett+0.1
GBLI score was unchanged.
Projected Score
Projected Score
46
Projected Change
+1.8 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.8 points. This is a projected estimate, not the official WallStreetScore.
Monetary values in USD. Share counts in raw units.
Income StatementBalance SheetCash Flow
AnnualQuarterlyTTM + Annual
All rows
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
Line Item
TTM
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$456.2M
$450.1M
$441.2M
$528.1M
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Cost of Revenue
$338.7M
$385.1M
$360.5M
$471.8M
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Gross Profit
$117.5M
$65.0M
$80.7M
$56.4M
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Research & Development
$0.00
$0.00
$0.00
$0.00
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SG&A Expenses
$0.00
$0.00
$0.00
$23.4M
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Operating Expenses
$72.3M
$31.7M
$25.7M
$23.4M
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EBITDA
$51.2M
$39.0M
$60.7M
$39.2M
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Operating Income
$45.2M
$33.3M
$55.0M
$33.0M
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Interest Expense
$0.00
$0.00
$0.00
$0.00
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Income Before Tax
$45.2M
$33.3M
$55.0M
$33.0M
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Income Tax Expense
$10.9M
$8.0M
$11.7M
$7.5M
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Net Income
$34.3M
$25.3M
$43.2M
$25.4M
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Basic EPS
$2.36
$1.75
$3.14
$1.84
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Basic Shares
14.37M
14.19M
13.64M
13.55M
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Diluted Shares
14.42M
14.26M
13.71M
13.67M
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Upgrade to Premium for up to 10 annual periods, where available.
Estimated earnings date:A future estimated earnings date is not currently available.
Jun 30, 2026Q2FY2026
Revenue
$116.1M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.76
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-17.3%
Cash Change
+44.8%
Margin Change
+0.2 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
Margins expanded
Cash position grew
Debt reduced
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 5.1%. EPS increased 7.0%. Cash increased 44.8%. Total debt declined 17.3%. Net income margin improved by 0.2 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Upgrade to Premium to unlock all earnings history.View plans
Government disclosed trading activity is available on the Smart Money directory. Filings may be delayed and may not represent complete current holdings.
Dividend HistoryShare
Dividend History
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Predictions & Historical PerformanceShare
Conservative Projected Values
3 Years
$———.——
Premium
5 Years
$———.——
Premium
10 Years
$———.——
Premium
Conservative Projection Rate
——%
Premium
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.