Global Indemnity Group FY23 Net Written Premiums $399.3M vs $591.3M YoY
Portfolio Pulse from Benzinga Newsdesk
Global Indemnity Group reported a significant decrease in FY23 net written premiums to $399.3M from $591.3M year-over-year.
March 13, 2024 | 12:02 pm
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NEGATIVE IMPACT
Global Indemnity Group's FY23 net written premiums saw a sharp decline to $399.3M from $591.3M year-over-year.
The significant decrease in net written premiums for FY23 indicates a substantial reduction in the company's underwriting business compared to the previous year. This could be perceived negatively by investors, potentially leading to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100