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Global Indemnity Returns to Profit After Wildfire Losses
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Global Indemnity Returns to Profit After Wildfire Losses
WILMINGTON, DE — Global Indemnity Group (Nasdaq: GBLI) reported first-quarter profit after wildfire-related losses weighed on results a year earlier, while underwriting performance remained stable despite softer premium growth in parts of its commercial business. Operating income for the quarter ended March 31 totaled $8.3 million, or $0.57 per share, compared with an operating loss of $4.1 million, or $0.30 per share, in the prior-year period. …
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