Global Indemnity Q1 results improve as California wildfire losses don't repeat

Filed May 5, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 7, 2025 · ~1 min read

Key Changes

• medium

  Net investment income fell 17.3% to $12.2M as limited partnership mark-to-market loss ($1.9M, expected to reverse Q2) and shift to lower-yielding U.S. Treasuries offset absence of catastrophe losses.

  MD&A: Investment Income verify on EDGAR →
• medium

  Gross written premiums declined 2.3% to $96.5M, reversing prior year's 5.5% growth, as management maintained pricing discipline in competitive property markets and ran off discontinued specialty lines.

  MD&A: Premium Revenue verify on EDGAR →
• medium

  Book value per share declined 2.1% sequentially to $47.92, a smaller drop than Q1 2025's 4.3% decline, reflecting modest net income offset by quarterly distributions.

  MD&A: Book Value verify on EDGAR →