GBLI

How does GBLI’s performance compare with its main competitors in the insurance sector?

Created August 06, 2025 at 07:30 PM

Answer

The press release you provided gives a clear picture of Global Indemnity Group, LLC (GBLI)’s second‑quarter 2025 performance, but it does not include any financial results or operating metrics for its peers in the insurance sector. Because of that, a direct, data‑driven comparison cannot be made from the information at hand.

Below is a concise summary of GBLI’s reported results, followed by a framework you can use to benchmark those results against the main competitors in the industry.

1. GBLI’s Q2 2025 Highlights (as reported)

Metric	Q2 2025	Q2 2024 (for reference)
Underwriting income growth	+61 % vs. prior period	—
Net income available to common shareholders	$10.2 million (≈ $0.71 per share)	$10.0 million (≈ $0.73 per share)
Book value per share	$48.35 (as of June 30)	—
Premium growth	Continued growth (no % disclosed)	—

Key take‑aways:

- Underwriting income surged 61 % YoY, indicating a strong improvement in the core insurance‑risk underwriting business.

- Net income was essentially flat in absolute dollars versus the same quarter a year earlier, but the earnings per share slipped slightly from $0.73 to $0.71, reflecting a modest dilution effect (likely from share‑count changes or capital actions).

- Book value per share rose to $48.35, suggesting a solid capital‑building trajectory.

2. How to Compare GBLI with Its Main Competitors

Since the release does not provide competitor data, you can use the following steps to construct a meaningful comparison:

Step	What to Gather	Why It Matters
1. Identify the peer set	List the publicly‑traded insurers that operate in the same lines of business and geographic markets (e.g., property‑casualty, specialty, or commercial lines). Typical peers might include companies such as Chubb Ltd. (CB), Travelers Companies Inc. (TRV), Aflac Inc. (AFL), Cincinnati Financial Corp. (CINF), etc.	Ensures you’re benchmarking against firms with comparable risk profiles and revenue sources.
2. Collect the same quarterly metrics	For each peer, obtain Q2 2025 figures for: • Underwriting income (or combined ratio) • Net income attributable to common shareholders (dollar amount and EPS) • Book value per share (or tangible book value) • Premium growth (written premium, renewal rates)	Directly aligns the data points you already have for GBLI, enabling “apples‑to‑apples” comparison.
3. Normalize for scale	Because insurers differ in size, calculate percent‑change YoY and percent‑change versus prior quarter for each metric. You can also express results as % of total premium (e.g., underwriting income as a % of written premium) to compare profitability independent of absolute size.	Allows you to see whether GBLI’s 61 % underwriting‑income growth is truly exceptional or simply a function of a smaller base.
4. Assess profitability ratios	Key ratios include: • Combined ratio (losses + expenses ÷ earned premium) • Return on equity (ROE) • Operating margin (net income ÷ total revenue)	These ratios are industry‑standard performance gauges; they reveal if GBLI’s earnings per share are supported by efficient underwriting and cost control.
5. Review capital strength	Compare book value per share, tangible book value, and solvency ratios (e.g., risk‑based capital, leverage).	Capital adequacy is a core concern for insurers; a higher book value per share can indicate a stronger buffer against underwriting volatility.
6. Contextual factors	Examine any non‑recurring items (e.g., asset sales, reinsurance recoveries) and regulatory developments that may affect results.	Ensures you’re not attributing a one‑off gain to sustainable performance.

3. What the Available Data Suggests (qualitative view)

Underwriting Income Growth (61 %) – A 61 % increase is sizable for any insurer. If peers are reporting single‑digit or low‑double‑digit growth in the same quarter, GBLI would be outperforming on the underwriting front. However, without peer percentages, we can only note that the magnitude is likely above the industry average for a mature insurer.
Net Income & EPS – GBLI’s net income held steady (≈ $10 M) while EPS slipped from $0.73 to $0.71. If peers showed EPS growth or net‑income expansion, GBLI might be lagging on the bottom‑line front despite strong underwriting income. Conversely, if peers experienced flat or declining earnings, GBLI would be holding its own.
Book Value per Share – At $48.35, GBLI’s book value per share is relatively high for a mid‑cap insurer, indicating a solid capital base. Comparing this to peers’ book values (e.g., Chubb’s > $100 per share, Travelers’ ≈ $30) would place GBLI mid‑range—neither a low‑capital “thin‑risk” insurer nor a high‑capital “well‑buffered” one.

4. Practical Sources for the Competitor Data

Source	What It Provides
SEC Form 10‑K / 10‑Q filings	Full quarterly financial statements, including net income, EPS, written premium, combined ratio, and book value.
Company Investor Relations releases	Press releases summarizing quarterly results (often in the same format as GBLI’s Business Wire release).
Industry data providers (e.g., S&P Global Market Intelligence, Bloomberg, FactSet, Moody’s Analytics)	Consolidated peer‑group tables, ratio benchmarks, and peer‑set filters.
Insurance‑specific research (e.g., A.M. Best, S&P Global Ratings)	Solvency and capital‑strength metrics, plus qualitative commentary on underwriting performance.

5. Suggested Next Steps for a Full Comparison

Select a peer group (e.g., the 5–10 largest U.S. property‑casualty insurers with similar market focus).
Download each company’s Q2 2025 results (usually filed within 45 days after the quarter).
Populate a spreadsheet with the metrics listed in Section 2, calculate YoY and QoQ percentages, and compute the profitability ratios.
Create a visual summary (bar chart for underwriting‑income growth, line chart for EPS trends, etc.) to highlight where GBLI stands relative to peers.
Add a narrative that interprets any outliers (e.g., a peer’s unusually high growth due to a one‑off acquisition).

Bottom Line

From the information you provided: GBLI posted a robust 61 % increase in underwriting income, modestly higher net income versus the prior year, and a book value per share of $48.35.
Without competitor data: we cannot quantify exactly how GBLI’s performance ranks against its main insurance rivals.
To assess the relative standing: gather the same Q2 2025 metrics for the identified peers, normalize the figures, and compare key profitability and capital‑strength ratios. This will reveal whether GBLI’s growth is truly exceptional, average, or behind the broader market.

If you obtain the quarterly results of the specific competitors you have in mind, feel free to share them and I can help you construct a side‑by‑side comparison.