Global Indemnity adj operating income surges with swing to UW profit

Published: Wed 8 May 2024
Adjusted operating income at Global Indemnity almost tripled from $3.7mn to $10.7mn in the first quarter as it turned an underwriting loss of $1.1mn in the prior-year period into underwriting income of $5.3mn, a turnaround the carrier attributed to strong performance in its E&S business.