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Global Indemnity Turns To Profit In Q4

Global Indemnity plc (GBLI) posted fourth-quarter net income of $4.4 million or $0.17 per share, compared to net loss of $23.5 million or $0.78 per share in the comparable quarter last year.

On average, two analysts polled by Thomson Reuters expected the company to report a loss of $0.28 per share. Analysts' estimates typically exclude special items.

Total revenues for the current fourth quarter were $71.47 million, down from $78.47 million in the year-ago period.

by RTTNews Staff Writer

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