Loading...

Global Indemnity

Nasdaq:GBLI
Snowflake Description

Moderate growth potential and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GBLI
Nasdaq
$440M
Market Cap
  1. Home
  2. US
  3. Insurance
Company description

Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States. The last earnings update was 16 days ago. More info.


Add to Portfolio Compare Print
  • Global Indemnity has significant price volatility in the past 3 months.
GBLI Share Price and Events
7 Day Returns
-4.3%
NasdaqGS:GBLI
0.5%
US Insurance
-1.4%
US Market
1 Year Returns
-20.8%
NasdaqGS:GBLI
8.4%
US Insurance
1.6%
US Market
GBLI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Global Indemnity (GBLI) -4.3% 10.8% -21.2% -20.8% - -
US Insurance 0.5% 3.2% 6.2% 8.4% 30.9% 46.2%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • GBLI underperformed the Insurance industry which returned 8.4% over the past year.
  • GBLI underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
GBLI
Industry
5yr Volatility vs Market

Value

 Is Global Indemnity undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Global Indemnity to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Global Indemnity.

NasdaqGS:GBLI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $46.86 * 3.3%
$1.56
Book Value of Equity per Share Median Book Value from the past 5 years. $46.86
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:GBLI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.74
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.735 (1 + (1- 21%) (74.06%))
1.111
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.111 * 5.96%)
9.35%

Discounted Cash Flow Calculation for NasdaqGS:GBLI using Excess Returns Model Model

The calculations below outline how an intrinsic value for Global Indemnity is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:GBLI Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (3.3% – 9.35%) * $46.86)
$-2.82
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-2.82 / (9.35% - 2.73%)
$-42.62
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $46.86 + $-42.62
$4.25
NasdaqGS:GBLI Discount to Share Price
Calculation Result
Value per share (USD) From above. $4.25
Current discount Discount to share price of $30.90
= -1 x ($30.90 - $4.25) / $4.25
-627.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Global Indemnity is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Global Indemnity's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Global Indemnity's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:GBLI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $-3.03
NasdaqGS:GBLI Share Price ** NasdaqGS (2019-05-24) in USD $30.9
United States of America Insurance Industry PE Ratio Median Figure of 90 Publicly-Listed Insurance Companies 17.28x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Global Indemnity.

NasdaqGS:GBLI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:GBLI Share Price ÷ EPS (both in USD)

= 30.9 ÷ -3.03

-10.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Global Indemnity is loss making, we can't compare its value to the US Insurance industry average.
  • Global Indemnity is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Global Indemnity's expected growth come at a high price?
Raw Data
NasdaqGS:GBLI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -10.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
38.7%per year
United States of America Insurance Industry PEG Ratio Median Figure of 66 Publicly-Listed Insurance Companies 1.58x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Global Indemnity, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Global Indemnity's assets?
Raw Data
NasdaqGS:GBLI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $46.86
NasdaqGS:GBLI Share Price * NasdaqGS (2019-05-24) in USD $30.9
United States of America Insurance Industry PB Ratio Median Figure of 120 Publicly-Listed Insurance Companies 1.22x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGS:GBLI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:GBLI Share Price ÷ Book Value per Share (both in USD)

= 30.9 ÷ 46.86

0.66x

* Primary Listing of Global Indemnity.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Global Indemnity is good value based on assets compared to the US Insurance industry average.
X
Value checks
We assess Global Indemnity's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Global Indemnity has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Global Indemnity expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Global Indemnity, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.7%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Global Indemnity expected to grow at an attractive rate?
  • Global Indemnity's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Global Indemnity's earnings growth is expected to exceed the United States of America market average.
  • Unable to compare Global Indemnity's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:GBLI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:GBLI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 38.7%
United States of America Insurance Industry Earnings Growth Rate Market Cap Weighted Average 9.4%
United States of America Insurance Industry Revenue Growth Rate Market Cap Weighted Average 3.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:GBLI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:GBLI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 520 -22 -43
2018-12-31 499 42 -57
2018-09-30 510 33 -6
2018-06-30 492 39 -19
2018-03-31 481 36 -16
2017-12-31 485 -19 -10
2017-09-30 511 -26 52
2017-06-30 522 -32 70
2017-03-31 527 -28 55
2016-12-31 528 -19 50
2016-09-30 514 -4 39
2016-06-30 507 -11 26

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Global Indemnity's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Global Indemnity is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:GBLI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Global Indemnity Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GBLI Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 -3.03
2018-12-31 -4.02
2018-09-30 -0.43
2018-06-30 -1.21
2018-03-31 -0.98
2017-12-31 -0.55
2017-09-30 2.99
2017-06-30 4.06
2017-03-31 3.19
2016-12-31 2.89
2016-09-30 2.14
2016-06-30 1.27

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Global Indemnity will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Global Indemnity's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Global Indemnity has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Global Indemnity performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Global Indemnity's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Global Indemnity does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Global Indemnity's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Global Indemnity's 1-year growth to the US Insurance industry average as it is not currently profitable.
Earnings and Revenue History
Global Indemnity's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Global Indemnity Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:GBLI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 519.69 -42.80 23.71
2018-12-31 499.15 -56.70 29.77
2018-09-30 509.95 -6.38 38.32
2018-06-30 492.02 -19.03 39.48
2018-03-31 481.03 -16.13 31.92
2017-12-31 485.30 -9.55 25.71
2017-09-30 511.14 51.82 15.32
2017-06-30 522.31 70.28 15.70
2017-03-31 526.95 55.03 16.59
2016-12-31 527.88 49.87 17.34
2016-09-30 514.29 38.80 18.07
2016-06-30 507.10 25.52 16.63
2016-03-31 530.56 41.80 14.91
2015-12-31 538.87 41.47 16.15
2015-09-30 471.42 25.23 12.69
2015-06-30 423.19 38.74 12.60
2015-03-31 391.80 60.83 13.24
2014-12-31 333.82 62.86 11.26
2014-09-30 360.61 85.51 13.78
2014-06-30 359.55 82.69 12.93
2014-03-31 317.28 58.15 12.23
2013-12-31 313.97 61.69 11.61
2013-09-30 289.58 32.36 10.27
2013-06-30 288.22 35.32 9.68
2013-03-31 287.59 36.26 9.55
2012-12-31 293.02 34.76 9.69
2012-09-30 300.02 6.87 9.90
2012-06-30 318.23 -36.47 11.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Global Indemnity has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Global Indemnity has efficiently used its assets last year compared to the US Insurance industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Global Indemnity improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Global Indemnity's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Global Indemnity has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Global Indemnity's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Global Indemnity's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Global Indemnity's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Global Indemnity's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Global Indemnity's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Global Indemnity Company Filings, last reported 1 month ago.

NasdaqGS:GBLI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 667.66 326.02 37.87
2018-12-31 629.06 292.63 99.50
2018-09-30 702.33 282.09 41.14
2018-06-30 702.42 288.53 47.14
2018-03-31 703.75 289.74 73.52
2017-12-31 718.39 302.68 74.41
2017-09-30 823.91 309.64 60.09
2017-06-30 827.67 307.43 96.46
2017-03-31 815.17 306.74 127.54
2016-12-31 797.95 174.67 75.11
2016-09-30 782.44 197.55 63.78
2016-06-30 770.75 200.55 70.65
2016-03-31 766.11 189.73 47.30
2015-12-31 749.93 187.29 67.04
2015-09-30 921.71 310.67 146.69
2015-06-30 931.26 199.21 66.29
2015-03-31 926.78 225.40 67.14
2014-12-31 908.29 188.35 58.82
2014-09-30 898.10 70.05 66.62
2014-06-30 896.83 150.49 118.35
2014-03-31 880.80 103.27 99.22
2013-12-31 873.28 100.00 107.16
2013-09-30 838.90 85.63 115.95
2013-06-30 823.95 84.93 111.44
2013-03-31 827.65 84.93 69.32
2012-12-31 806.62 84.93 104.46
2012-09-30 807.39 84.93 108.49
2012-06-30 795.19 102.93 77.12
  • Global Indemnity's level of debt (48.8%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (11.8% vs 48.8% today).
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Global Indemnity's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Global Indemnity's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Global Indemnity has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Global Indemnity's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.24%
Current annual income from Global Indemnity dividends.
If you bought $2,000 of Global Indemnity shares you are expected to receive $65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Global Indemnity's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.47%).
  • Global Indemnity's dividend is below the markets top 25% of dividend payers in United States of America (3.75%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:GBLI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Insurance Industry Average Dividend Yield Market Cap Weighted Average of 80 Stocks 2.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:GBLI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-11 1.000 3.064
2018-12-03 1.000 2.931
2018-09-17 1.000 2.820
2018-06-04 1.000 2.528
2018-03-05 1.000 2.605

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • It is too early to tell whether Global Indemnity has stable dividend payments.
  • Global Indemnity only just started paying a dividend, it is too early to tell if payments are increasing.
Current Payout to shareholders
What portion of Global Indemnity's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Global Indemnity's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Global Indemnity afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Global Indemnity has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Global Indemnity's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Cynthia Valko
COMPENSATION $2,053,704
AGE 63
TENURE AS CEO 7.7 years
CEO Bio

Ms. Cynthia Yvonne Valko has been the Chief Executive Officer at Global Indemnity Limited (formerly, Global Indemnity plc) since September 19, 2011. Ms. Valko served as the Chief Operating Officer and Executive Vice President of New York Life International, LLC, a subsidiary of New York Life Insurance Co. from 1998 to 2006. Prior to joining New York Life International, she held numerous positions of increasing responsibility in the insurance industry beginning in 1976. She joined Global Indemnity from GMAC Insurance where she served as Senior Vice President of Commercial Lines since February 2010. From 2007 to 2010, Ms. Valko served as a Management Consultant for Cerberus Private Equity, directing turnaround/sales transactions for their GMAC Insurance Property and Casualty Businesses. She has an extensive property casualty, agency and general insurance company management background and experience. Ms. Valko served leadership roles at New York Life International, Aetna Life and Casualty, the American Council of Life Insurance (ACLI), and the International Global Financial Leadership Forum. She has been a Director of Global Indemnity Limited since September 19, 2011 and Global Indemnity Reinsurance Company, Ltd. since May 2015.

CEO Compensation
  • Cynthia's compensation has increased whilst company is loss making.
  • Cynthia's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Global Indemnity management team in years:

7.7
Average Tenure
61.5
Average Age
  • The average tenure for the Global Indemnity management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Saul Fox

TITLE
Executive Chairman & CEO of Fox Paine
COMPENSATION
$362K
AGE
64
TENURE
22.3 yrs

Cynthia Valko

TITLE
CEO & Director
COMPENSATION
$2M
AGE
63
TENURE
7.7 yrs

Tom McGeehan

TITLE
Executive VP of Finance & Operations and CFO
COMPENSATION
$817K
AGE
61
TENURE
11 yrs

William Devlin

TITLE
Executive Vice President of Personal Lines & Agriculture
COMPENSATION
$508K
AGE
62

Jonathan Oltman

TITLE
Executive Vice President of Commercial Lines
COMPENSATION
$522K
AGE
44
TENURE
0.3 yrs

Steve Green

TITLE
CEO & President of Global Indemnity Reinsurance Co. Ltd
COMPENSATION
$322K
AGE
55
TENURE
7.3 yrs

Stephen Ries

TITLE
Secretary
Board of Directors Tenure

Average tenure and age of the Global Indemnity board of directors in years:

5.1
Average Tenure
66.5
Average Age
  • The tenure for the Global Indemnity board of directors is about average.
Board of Directors

Cynthia Valko

TITLE
CEO & Director
COMPENSATION
$2M
AGE
63
TENURE
7.7 yrs

Seth Gersch

TITLE
Director
COMPENSATION
$405K
AGE
70
TENURE
11.3 yrs

Saul Fox

TITLE
Executive Chairman & CEO of Fox Paine
COMPENSATION
$362K
AGE
64
TENURE
15.7 yrs

John Howes

TITLE
Director
COMPENSATION
$248K
AGE
78
TENURE
6.8 yrs

Bruce Lederman

TITLE
Director
COMPENSATION
$190K
AGE
75
TENURE
3.4 yrs

Jay Brown

TITLE
Director
COMPENSATION
$182K
AGE
69
TENURE
3.4 yrs

Jason Hurwitz

TITLE
Director
COMPENSATION
$181K
AGE
45
TENURE
1.7 yrs

James Wehr

TITLE
Director
COMPENSATION
$19K
AGE
61
TENURE
0.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. Jun 18 Sell Richmond Hill Investments, LLC Company 05. Jun 18 06. Jun 18 -1,317 $40.23 $-52,979
25. Jun 18 Sell Richmond Hill Investments, LLC Company 22. Jun 18 22. Jun 18 -14,072 $41.55 $-584,692
27. Nov 18 Buy James Wehr Individual 26. Nov 18 26. Nov 18 3,000 $34.14 $102,420
X
Management checks
We assess Global Indemnity's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Global Indemnity has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Imagine Owning Global Indemnity (NASDAQ:GBLI) And Wondering If The 25% Share Price Slide Is Justified

For example, the Global Indemnity Limited (NASDAQ:GBLI) share price is down 25% in the last year. … Given that Global Indemnity didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … In the last twelve months, Global Indemnity increased its revenue by 2.9%.

Simply Wall St -

How Many Insiders Bought Global Indemnity Limited (NASDAQ:GBLI) Shares?

Unfortunately, there are also plenty of examples of share prices declining precipitously after insiders have sold shares. … So before you buy or sell Global Indemnity Limited (NASDAQ:GBLI), you may well want to know whether insiders have been buying or selling. … But logic dictates you should pay some attention to whether insiders are buying or selling shares.

Simply Wall St -

Should You Be Concerned About Global Indemnity Limited's (NASDAQ:GBLI) Historical Volatility?

Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta below one is either less volatile than the market, or more volatile but not corellated with the overall market.

Simply Wall St -

Global Indemnity Limited (NASDAQ:GBLI): Dividend Is Coming In 9 Days, Should You Buy?

If you are interested in cashing in on Global Indemnity Limited's (NASDAQ:GBLI) upcoming dividend of $0.25 per share, you only have 9 days left to buy the shares before its ex-dividend date, 21 June 2018, in time for dividends payable on the 29 June 2018. … Well, keep on reading because today, I'm going to look at the latest data and analyze the stock and its dividend property in further detail. … 5 checks you should do on a dividend stock.

Simply Wall St -

Why Buying Global Indemnity Limited (NASDAQ:GBLI) For Its 2.68% Dividend Could Be A Mistake

In the past, Global Indemnity Limited (NASDAQ:GBLI) has returned an average of 3.00% per year to investors in the form of dividend payouts. … Check out our latest analysis for Global Indemnity How I analyze a dividend stock When researching a dividend stock, I always follow the following screening criteria: Is it paying an annual yield above 75% of dividend payers? … The reality is that it is too early to consider Global Indemnity as a dividend investment.

Simply Wall St -

Is Global Indemnity Limited's (NASDAQ:GBLI) CEO Overpaid Relative To Its Peers?

Therefore I will use earnings as a proxy of Valko's performance in the past year. … Normally I would look at market cap and earnings as a proxy for performance, however, GBLI's negative earnings lower the usefulness of my formula. … If you have not done so already, I highly recommend you to complete your research by taking a look at the following: Governance: To find out more about GBLI's governance, look through our infographic report of the company's board and management.

Simply Wall St -

Who Are Global Indemnity Limited's (NASDAQ:GBLI) Major Shareholders?

I am going to further examine GBLI's ownership structure to check how other major shareholders can affect its investment case. … Insider Ownership I find insiders are another important group of stakeholders, who are directly involved in making key decisions related to the use of capital. … NasdaqGS:GBLI Insider_trading Apr 6th 18 General Public Ownership With 2.41% ownership, the general public are a relatively smaller ownership class in GBLI.

Simply Wall St -

Does Global Indemnity Limited's (NASDAQ:GBLI) Past Performance Indicate A Weaker Future?

Today I will take a look at Global Indemnity Limited's (NASDAQ:GBLI) most recent earnings update (31 December 2017) and compare these latest figures against its performance over the past few years, as well as how the rest of the insurance industry performed. … View our latest analysis for Global Indemnity How Did GBLI's Recent Performance Stack Up Against Its Past? … NasdaqGS:GBLI Income Statement Mar 9th 18 We can further assess Global Indemnity's loss by looking at what the industry has been experiencing over the past few years.

Simply Wall St -

Company Info

Description

Global Indemnity Limited, through its subsidiaries, provides insurance and reinsurance products and services in the United States. The company operates through three segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Commercial Lines segment distributes property, general liability, casualty, and professional lines products, as well as products for vacant, and under renovations and construction dwellings. This segment primarily serves small commercial businesses through a network of wholesale general agents, program administrators, brokers, aggregators, and retail agents. The Personal Lines segment offers specialty personal lines and agricultural coverage, including agriculture, mobile homes, manufactured homes, homeowners, collectibles, and watercraft primarily through retail agents, wholesale general agents, and brokers. The Reinsurance Operations segment provides third party treaty reinsurance solutions to specialty property and casualty insurance, and reinsurance companies; and professional liability products to companies through brokers, as well as on a direct basis. The company was founded in 2016 and is headquartered in George Town, the Cayman Islands.

Details
Name: Global Indemnity Limited
GBLI
Exchange: NasdaqGS
Founded: 2016
$440,228,993
14,246,893
Website: http://www.globalindemnity.ky
Address: Global Indemnity Limited
27 Hospital Road,
George Town,
Grand Cayman, 9008,
Cayman Islands
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS GBLI Class A Ordinary Shares Nasdaq Global Select US USD 07. Nov 2016
NasdaqGS GBLI.Z 7.75% SUB NT 15/08/45 USD25 Nasdaq Global Select US USD 07. Nov 2016
Number of employees
Current staff
Staff numbers
410
Global Indemnity employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 00:49
End of day share price update: 2019/05/24 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.