Global Indemnity Ltd GBLIL Income Statement

Global indemnity ltd (GBLIL)

Income statement / Quarterly

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
155,724	158,162	157,177	179,321	142,201	129,227	135,606	158,817	124,247	122,635	126,054	143,894	123,751	136,591	133,569	154,319	141,366	130,701	150,148	166,515	142,869	64,053	67,098	82,905	77,197	62,754	68,785	84,245	74,939	-	56,949	67,632	-	-	-	-	-	-	-
Gross premiums written
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57,758	-	73,092	94,962	87,666	86,235	92,050
Net written premiums
139,112	140,768	138,836	159,069	123,416	111,990	116,233	136,454	107,870	105,832	109,045	123,797	111,506	113,707	115,051	125,310	116,872	106,638	122,497	146,005	126,104	60,686	63,262	76,372	72,861	58,130	64,030	78,346	71,478	56,676	51,455	61,135	50,281	46,121	64,934	86,407	83,108	73,206	79,523
Net earned premiums
144,468	141,660	133,312	128,201	122,089	125,328	120,528	113,917	108,002	109,216	108,619	107,073	113,126	109,472	119,553	117,804	121,636	123,222	124,707	128,877	127,337	66,930	68,028	66,017	67,544	69,586	64,469	58,671	55,996	61,204	55,329	57,859	64,470	66,740	77,090	78,055	75,969	70,089	74,702
Net investment income
10,129	9,659	11,348	13,826	7,219	12,234	11,750	10,954	11,404	11,705	10,134	8,840	8,644	8,880	8,795	6,562	9,746	8,375	8,852	9,141	8,241	6,333	6,527	7,677	8,284	8,924	8,486	9,765	10,034	10,292	14,777	11,071	11,417	11,888	12,880	13,930	14,414	14,089	13,941
Net realized investment gains (losses):
Other than temporary impairment losses on investments
-	-	-	-	-	-	-	-	-	-	-	-	110	-	2,214	1,217	1,050	455	4,641	1,898	341	433	6	37	25	-	-	1,010	43	2,106	189	1,326	2,293	2,898	1,824	1,353	553	15	363
Other than temporary impairment losses on investments recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-541	-	-	-	-	-	-
Other than temporary impairment losses on investments
0	0	0	0	1,897	61	24	371	0	-	1,020	578	-	-	-	-	-	-	-	-	-	-	-	-	-	-	177	-	-	-	-	-	-	-	-	-	-	-	-
Other net realized investment gains (losses)
-68,162	24,052	-2,690	3,590	12,287	-24,679	5,343	3,201	-316	3,324	57	-84	885	33,030	4,142	-2,275	-6,443	4,297	-6,137	8,430	-2,629	-3,933	1,164	39,918	-788	-	1,818	-	-	-	-	-	-	-	-	-	-	-	-
Other than temporary impairment losses on investments recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4
Other net realized investment gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,816	5,800	-	3,400	3,267	3,513	2,700	3,112	9,739	12,550	1,833	5,964
Total net realized investment gains (losses)
-68,162	24,052	-2,690	3,590	10,390	-24,740	5,319	2,830	-316	2,426	-963	-662	775	30,778	1,928	-3,492	-7,493	3,842	-10,778	6,532	-2,970	-4,366	1,158	39,881	-813	17,208	1,641	2,806	5,757	-158	3,211	1,941	1,761	-198	1,288	8,386	11,997	1,818	5,597
Other income
165	542	264	522	488	439	411	324	554	1,138	2,294	1,782	1,368	742	7,852	795	956	992	1,279	577	552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126	155	168	5,307	183	247	54	-	101	-40	-	-	372	375	11,792	173	342
Other income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-352	-	-	-	-	-	-
Total revenues
86,600	175,913	142,234	146,139	140,186	113,261	138,008	128,025	119,644	124,485	120,084	117,033	123,913	149,872	138,128	121,669	124,845	136,431	124,060	145,127	133,160	69,003	75,839	113,730	75,183	101,025	74,779	71,489	71,841	71,471	73,418	70,831	77,296	78,472	91,630	100,746	114,172	86,169	94,582
Losses and Expenses:
Net losses and loss adjustment expenses
77,647	73,423	73,583	70,075	58,321	139,199	80,493	58,861	56,072	66,556	82,395	57,700	62,561	48,946	72,162	78,111	64,784	48,498	77,691	79,560	69,619	24,065	36,654	38,270	38,572	30,796	35,483	34,924	31,788	40,054	35,407	36,158	42,009	72,355	86,234	61,753	58,342	29,789	32,675
Acquisition costs and other underwriting expenses
56,412	54,760	53,366	50,534	49,743	49,582	48,680	47,513	45,003	48,723	45,002	43,457	46,551	47,889	48,129	48,542	52,090	51,185	50,934	50,926	48,258	28,505	27,458	27,171	26,485	28,674	28,028	24,472	24,477	25,253	23,223	23,760	23,167	28,681	33,327	30,089	29,394	28,541	29,008
Corporate and other operating expenses
4,223	7,186	3,858	4,639	3,205	6,113	3,475	10,918	9,260	14,669	4,630	3,361	3,054	4,274	5,006	4,255	3,803	5,007	3,567	4,334	11,540	4,945	3,481	3,172	2,961	-	2,627	-	-	-	-	-	-	-	-	-	-	-	-
Corporate and other operating expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,472	2,345	-	2,039	2,336	2,488	3,104	3,067	4,899	2,903	5,106	5,063
Interest expense
4,865	4,934	5,023	5,042	5,023	4,969	4,924	4,940	4,861	4,841	4,836	4,762	2,467	2,228	2,233	2,229	2,215	2,278	1,595	535	505	194	118	319	191	230	3,585	1,181	1,173	1,180	1,265	1,470	1,478	1,456	1,525	1,743	1,752	1,825	1,833
Income (loss) before income taxes
-56,547	35,610	6,404	15,849	23,894	-86,602	436	5,793	4,448	-10,304	-16,779	7,753	9,280	46,535	10,598	-11,468	1,953	29,463	-9,727	9,772	3,238	11,294	8,128	44,798	6,974	37,155	5,056	8,440	12,058	2,156	11,484	7,107	8,154	-27,124	-32,523	2,262	21,781	20,908	26,003
Income tax expense (benefit)
-11,969	6,579	-317	1,186	4,294	-13,285	-3,292	-1,399	-1,253	12,694	-7,855	-2,336	-3,002	8,162	1,063	-6,303	-5,172	2,159	-5,981	-1,345	-3,556	230	-1,633	11,590	-1,849	3,442	-1,892	-224	-307	-2,222	1,571	-2,497	-2,708	-3,614	899	-2,022	7,524	1,146	1,491
Income (loss) before equity in net income of partnerships
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,510	-33,422	4,284	14,257	19,762	24,512
Equity in net income of partnerships, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	53	-	-
Net income (loss)
-44,578	29,031	6,721	14,663	19,600	-73,317	3,728	7,192	5,701	-22,998	-8,924	10,089	12,282	38,373	9,535	-5,165	7,125	27,304	-3,746	11,117	6,794	11,064	9,761	33,208	8,823	33,713	6,948	8,664	12,365	4,378	9,913	9,604	10,862	-23,510	-33,422	4,284	14,310	19,762	24,512
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-