Global Indemnity Stock Fair Value – Global Indemnity Reports Second Quarter Earnings Results for FY2023
August 27, 2023
🌥️Earnings Overview
On August 8 2023, GLOBAL INDEMNITY ($NYSE:GBLI) reported their financial results for the second quarter of FY2023 (ending June 30 2023). Total revenue for the period decreased by 4.0% year-over-year to USD 141.9 million, while net income increased 176.8%, reaching USD 9.3 million.
Market Price
The company’s stock opened at $34.1 and closed at $35.2, representing a 1.6% increase from its prior closing price of $34.6. The gains this quarter are a result of GLOBAL INDEMNITY‘s successful restructuring strategy, which has seen the company make several changes to its operating model and financial structure. The company has been able to improve its operational efficiency and reduce costs while continuing to generate strong returns for shareholders. As such, the company has been able to deliver consistent and sustainable growth to its shareholders.
Going forward, GLOBAL INDEMNITY is expected to continue to benefit from its cost-effective operating model and disciplined financial approach. Investors should also be encouraged by the company’s ability to generate strong cash flows from its operations over the long term. With its strong financial position and sound corporate governance, GLOBAL INDEMNITY is well-positioned to further capitalize on opportunities in the marketplace. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Global Indemnity. More…
| Total Revenues | Net Income | Net Margin |
| 643.02 | 37.48 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Global Indemnity. More…
| Operations | Investing | Financing |
| 59.62 | 80.13 | -163.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Global Indemnity. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.77k | 1.15k | 46.52 |
Key Ratios Snapshot
Some of the financial key ratios for Global Indemnity are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | – | 7.4% |
| FCF Margin | ROE | ROA |
| 9.3% | 4.8% | 1.7% |
Analysis – Global Indemnity Stock Fair Value
At GoodWhale, we have conducted an analysis of GLOBAL INDEMNITY‘s wellbeing. According to our proprietary Valuation Line, the intrinsic value of GLOBAL INDEMNITY share is around $27.4. However, at the current market price, GLOBAL INDEMNITY stock is traded at $35.2, which is 28.3% higher than its intrinsic value. Therefore, we conclude that GLOBAL INDEMNITY is currently overvalued. More…
Peers
The company offers a range of insurance products, including auto, homeowner’s, commercial multi-peril, excess and surplus lines, and agricultural insurance. Global Indemnity Group LLC competes with The Hanover Insurance Group Inc, United Insurance Holdings Corp, and FedNat Holding Co.
– The Hanover Insurance Group Inc ($NYSE:THG)
The Hanover Insurance Group Inc has a market cap of 4.95B as of 2022, a Return on Equity of 10.16%. The company is a holding company for various property and casualty insurance companies. It underwrites a variety of commercial and personal insurance products through its subsidiaries. Commercial lines products include property, liability, automobile, workers’ compensation, and surety bonds. Personal lines products include property, liability, automobile, and umbrella coverage. The company also offers a range of other services, such as risk management, loss control, and claims administration.
– United Insurance Holdings Corp ($NASDAQ:UIHC)
United Insurance Holdings Corp is a property and casualty insurance holding company. The Company, through its subsidiaries, engages in the business of property and casualty insurance. Its segments include Property and Casualty Insurance, Reinsurance, and Corporate and Other. The Property and Casualty Insurance segment offers personal residential property insurance products, commercial property and casualty insurance products, and other insurance products in the United States. The Reinsurance segment provides reinsurance on residential property, commercial property, and casualty risks. The Corporate and Other segment includes the Company’s investment activities, as well as certain corporate overhead costs.
– FedNat Holding Co ($NASDAQ:FNHC)
The company has a market capitalization of $7.36 million and a negative return on equity of 194.34%. The company provides insurance products and services in the United States.
Summary
GLOBAL INDEMNITY recently released their second quarter earnings report for the fiscal year 2023, ending June 30th 2023. The reported total revenue was USD 141.9 million, representing a 4.0% decrease compared to the same period last year. Despite this decrease, net income saw a remarkable rise of 176.8% to USD 9.3 million.
This performance signals potential growth opportunities for investors, suggesting that GLOBAL INDEMNITY is well-positioned to continue its success in the future. As such, investors may want to consider this company as an option for their portfolios.
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