Global Indemnity Ltd GBLI Income Statement

Global indemnity ltd (GBLI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues:
Gross written premiums
650,384	636,861	607,926	586,355	565,851	547,897	541,305	531,753	516,830	516,334	530,290	537,805	548,230	565,845	559,955	576,534	588,730	590,233	523,585	440,535	356,925	291,253	289,954	291,641	292,981	290,723	284,918	283,765	0	-	0	0	-	-	-	-	-	-	-
Gross premiums written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	341,955	360,913	0	0	0
Net written premiums
577,785	562,089	533,311	510,708	488,093	472,547	466,389	459,201	446,544	450,180	458,055	464,061	465,574	470,940	463,871	471,317	492,012	501,244	455,292	396,057	326,424	273,181	270,625	271,393	273,367	271,984	270,530	257,955	240,744	219,547	208,992	222,471	247,743	280,570	307,655	322,244	0	0	0
Net earned premiums
547,641	525,262	508,930	496,146	481,862	467,775	451,663	439,754	432,910	438,034	438,290	449,224	459,955	468,465	482,215	487,369	498,442	504,143	447,851	391,172	328,312	268,519	271,175	267,616	260,270	248,722	240,340	231,200	230,388	238,862	244,398	266,159	286,355	297,854	301,203	298,815	0	0	0
Net investment income
44,962	42,052	44,627	45,029	42,157	46,342	45,813	44,197	42,083	39,323	36,498	35,159	32,881	33,983	33,478	33,535	36,114	34,609	32,567	30,242	28,778	28,821	31,412	33,371	35,459	37,209	38,577	44,868	46,174	47,557	49,153	47,256	50,115	53,112	55,313	56,374	0	0	0
Net realized investment gains (losses):
Other than temporary impairment losses on investments
-	-	-	-	-	-	-	-	-	-	-	-	5,793	-	4,936	7,363	8,044	7,335	7,313	2,678	817	501	0	0	0	-	-	3,348	3,664	5,914	6,706	8,341	8,368	6,628	3,745	2,284	0	0	0
Other than temporary impairment losses on investments recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-541	0	0	0	-	-	-	-	-	-
Other than temporary impairment losses on investments
0	1,897	1,958	1,982	2,353	456	1,415	1,969	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other net realized investment gains (losses)
-43,210	37,239	-11,492	-3,459	-3,848	-16,451	11,552	6,266	2,981	4,182	33,888	37,973	35,782	28,454	-279	-10,558	147	3,961	-4,269	3,032	34,520	36,361	42,112	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other than temporary impairment losses on investments recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other net realized investment gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	12,880	12,592	19,064	28,101	27,234	30,086	0	0	0
Total net realized investment gains (losses)
-43,210	35,342	-13,450	-5,441	-6,201	-16,907	10,259	3,977	485	1,576	29,928	32,819	29,989	21,721	-5,215	-17,921	-7,897	-3,374	-11,582	354	33,703	35,860	57,434	57,917	20,842	27,412	10,046	11,616	10,751	6,755	6,715	4,792	11,237	21,473	23,489	27,798	0	0	0
Other income
1,493	1,816	1,713	1,860	1,662	1,728	2,427	4,310	5,768	6,582	6,186	11,744	10,757	10,345	10,595	4,022	3,804	3,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,756	5,813	5,905	5,791	585	362	0	-	0	0	-	-	0	0	0	0	0
Other income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Total revenues
550,886	604,472	541,820	537,594	519,480	498,938	510,162	492,238	481,246	485,515	510,902	528,946	533,582	534,514	521,073	507,005	530,463	538,778	471,350	423,129	391,732	333,755	365,777	364,717	322,476	319,134	289,580	288,219	287,561	293,016	300,017	318,229	348,144	385,020	392,717	395,669	0	0	0
Losses and Expenses:
Net losses and loss adjustment expenses
294,728	275,402	341,178	348,088	336,874	334,625	261,982	263,884	262,723	269,212	251,602	241,369	261,780	264,003	263,555	269,084	270,533	275,368	250,935	209,898	168,608	137,561	144,292	143,121	139,775	132,991	142,249	142,173	143,407	153,628	185,929	236,756	262,351	278,684	236,118	182,559	0	0	0
Acquisition costs and other underwriting expenses
215,072	208,403	203,225	198,539	195,518	190,778	189,919	186,241	182,185	183,733	182,899	186,026	191,111	196,650	199,946	202,751	205,135	201,303	178,623	155,147	131,392	109,619	109,788	110,358	107,659	105,651	102,230	97,425	96,713	95,403	98,831	108,935	115,264	121,491	121,351	117,032	0	0	0
Corporate and other operating expenses
19,906	18,888	17,815	17,432	23,711	29,766	38,322	39,477	31,920	25,714	15,319	15,695	16,589	17,338	18,071	16,632	16,711	24,448	24,386	24,300	23,138	14,559	12,241	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Corporate and other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	9,967	10,995	13,558	13,973	15,975	17,971	0	0	0
Interest expense
19,864	20,022	20,057	19,958	19,856	19,694	19,566	19,478	19,300	16,906	14,293	11,690	9,157	8,905	8,955	8,317	6,623	4,913	2,829	1,352	1,136	822	858	4,325	5,187	6,169	7,119	4,799	5,088	5,393	5,669	5,929	6,202	6,476	6,845	7,153	0	0	0
Income (loss) before income taxes
1,316	81,757	-40,455	-46,423	-56,479	-75,925	373	-16,842	-14,882	-10,050	46,789	74,166	54,945	47,618	30,546	10,221	31,461	32,746	14,577	32,432	67,458	71,194	97,055	93,983	57,625	62,709	27,710	34,138	32,805	28,901	-379	-44,386	-49,231	-35,604	12,428	70,954	0	0	0
Income tax expense (benefit)
-4,521	11,742	-8,122	-11,097	-13,682	-19,229	6,750	2,187	1,250	-499	-5,031	3,887	-80	-2,250	-8,253	-15,297	-10,339	-8,723	-10,652	-6,304	6,631	8,338	11,550	11,291	-523	1,019	-4,645	-1,182	-3,455	-5,856	-7,248	-7,920	-7,445	2,787	7,547	8,139	0	0	0
Income (loss) before equity in net income of partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,391	4,881	62,815	0	0	0
Equity in net income of partnerships, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-
Net income (loss)
5,837	70,015	-32,333	-35,326	-42,797	-56,696	-6,377	-19,029	-16,132	-9,551	51,820	70,279	55,025	49,868	38,799	25,518	41,800	41,469	25,229	38,736	60,827	62,856	85,505	82,692	58,148	61,690	32,355	35,320	36,260	34,757	6,869	-36,466	-41,786	-38,338	4,934	62,868	0	0	0
Per share data:
Net income (loss)
Basic
-3.13	2.05	0.47	1.03	1.38	-5.20	0.26	0.51	0.41	-1.33	-0.51	0.58	0.71	2.23	0.55	-0.30	0.41	1.15	-0.15	0.44	0.27	0.44	0.39	1.32	0.35	1.34	0.28	0.35	0.49	0.18	0.39	0.35	0.38	-0.78	-1.10	0.14	0.47	0.65	0.81
Diluted
-3.13	2.02	0.47	1.02	1.37	-5.18	0.26	0.50	0.40	-1.31	-0.51	0.57	0.70	2.19	0.54	-0.30	0.41	1.15	-0.15	0.43	0.26	0.43	0.39	1.31	0.35	1.34	0.28	0.34	0.49	0.18	0.39	0.35	0.38	-0.78	-1.10	0.14	0.47	0.65	0.81
Weighted-average number of shares outstanding
Basic
14,249	14,222	14,202	14,187	14,153	14,107	14,100	14,092	14,055	17,239	17,343	17,335	17,316	17,263	17,254	17,244	17,224	20,646	25,463	25,454	25,449	25,138	25,137	25,128	25,122	25,103	25,082	25,049	25,055	25,052	25,391	27,829	28,617	30,023	30,338	30,321	30,301	30,273	30,206
Diluted
14,249	14,364	14,327	14,331	14,315	13,388	14,346	14,334	14,285	16,554	17,343	17,690	17,646	17,960	17,540	17,244	17,444	21,236	25,463	25,680	25,641	25,399	25,334	25,312	25,278	25,288	25,189	25,119	25,099	25,107	25,412	27,836	28,639	29,925	30,352	30,367	30,338	30,308	30,233
Cash dividends declared per share
0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	-	-	0.00	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-