Global Indemnity sees combined ratio improvement
Insurance and reinsurance holding company Global Indemnity Limited’s combined ratio for the first nine months of 2019 was 92.8 percent, a 5.5 point improvement over the same period in 2018, it reported in its Q3 results. Total investment return was 6.2 percent.
The company’s net income for the nine months ended September 30, 2019 was $41.0 million, an increase of $24.4 million or 146.6 percent compared to the same period in 2018.
Gross premiums written increased by 14.3 percent to $478.7 million for the nine months ended September 30, 2019, compared to $418.7 million for the same period in 2018.
Global Indemnity Limited, through its several direct and indirect wholly owned subsidiary insurance and reinsurance companies, provides both admitted and non-admitted specialty property and specialty casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. Its four primary segments are US-based commercial specialty, US-based specialty property, US-based farm, ranch and stable and Bermuda-based reinsurance.
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