Global Compensation Group (NYSE: GBLI) Third quarter 2022 results
Main financial results
- Revenue: $194.6 million (up 17% compared to Q3 2021).
- Net profit: $23.6 million (compared to a loss of $7.82 million in Q3 2021).
- Profit margin: 12% (up from net loss in Q3 2021).
- EPS: $1.62 (vs. a loss of $0.54 in Q3 2021).
All figures shown in the table above are for the 12 month period (TTM)
Global Indemnity Group revenue and profit beat expectations
Revenue beat analysts’ estimates by 3.5%. Earnings per share (EPS) also beat analysts’ estimates by 10%.
Looking ahead, revenue is expected to grow by an average of 11% per year over the next 3 years, compared to a growth forecast of 5.5% for the US insurance industry.
Shares of the company rose 2.0% from a week ago.
You should always think about the risks. Concrete example, we spotted 2 warning signs for Global Indemnity Group you should be aware.
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