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Brown, global indemnity group CEO, buys shares worth $161.5k

Published 13/08/2025, 21:46
Brown, global indemnity group CEO, buys shares worth $161.5k
GBLI
1.54%

Global Indemnity Group, LLC (OTC:GBLI), a $411 million market cap insurance company trading below its InvestingPro Fair Value, saw its Chief Executive Officer Joseph W. Brown recently purchase shares of the company’s Class A Common Shares, according to a Form 4 filing with the Securities and Exchange Commission.

The filing reveals that Brown acquired a total of 5,500 shares in two separate transactions. On August 11, 2025, he purchased 5,000 shares at a price of $29.50 per share. The next day, August 12, Brown bought an additional 500 shares at $28.00 per share. The total value of shares purchased is $161,500. The stock currently offers a 4.99% dividend yield and trades at just 0.59 times book value.

Following these transactions, Brown directly owns 172,904 shares of Global Indemnity Group, LLC. InvestingPro analysis shows the company remains profitable over the last twelve months, with additional insights available in the comprehensive Pro Research Report covering 1,400+ US equities.

In other recent news, Global Indemnity PLC reported its second-quarter earnings for 2025, revealing a shortfall in earnings per share (EPS) compared to analyst expectations. The company posted an EPS of $0.71, which was below the forecasted $0.85, resulting in a negative surprise of -16.47%. Despite this earnings miss, Global Indemnity showed resilience with steady net income and improvements in underwriting income. These developments are part of the company’s recent financial disclosures. Analyst reactions to these results have not been specified. Investors will likely continue to monitor the company’s performance in upcoming quarters.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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