Global Indemnity plc (NASDAQ:GBLI)
CAPS Rating:
The Company through its Insurance and Reinsurance Operations, is the specialty property and casualty insurers in the industry.
The Company through its Insurance and Reinsurance Operations, is the specialty property and casualty insurers in the industry.
Recs
Speciality P&C company reported dispaointing quarter and facing difficult competitive enrionment, but most of that exposure appears priced in around $14. Sitting on signficant excess capital, this historical low teen ROE insurer now trades around 60 price/book. Believe downside is limited on this deep value play from current levels.