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Global Indemnity posts 4Q profit

DUBLIN (AP) _ Global Indemnity PLC (GBLI) on Thursday reported fourth-quarter profit of $38.4 million.

On a per-share basis, the Dublin-based company said it had profit of $2.18. Earnings, adjusted for investment gains, were $1.05 per share.

The insurance and reinsurance holding company posted revenue of $149.9 million in the period.

For the year, the company reported profit of $49.9 million, or $2.84 per share. Revenue was reported as $534.5 million.

Global Indemnity shares have risen almost 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.60, a climb of 32 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GBLI at https://www.zacks.com/ap/GBLI


Keywords: Global Indemnity, Earnings Report