Estados financieros detallados de Global Indemnity Group, LLC (GBLI): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Global Indemnity Group, LLC registró ingresos de $450.1M en el último ejercicio fiscal, con un CAGR de 5 años del -5.1%.
Márgenes de los últimos 12 meses: margen bruto 25.8%, margen operativo 9.9%, margen neto 7.5%. El flujo de caja libre creció a un CAGR del 5.5% en 5 años.
Al precio actual de $30.00, GBLI cotiza a un P/E de 13.15 y un ROE del 0.02%. La capitalización bursátil es de $430M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $534.5M | $485.5M | $498.9M | $604.5M | $583.5M | $678.3M | $628.5M | $528.1M | $441.2M | $450.1M |
| Coste de Ventas | $460.7M | $452.9M | $525.4M | $483.8M | $551.8M | $607.8M | $595.6M | $471.8M | $360.5M | $385.1M |
| Beneficio Bruto | $73.9M | $32.6M | -$26.5M | $120.7M | $31.7M | $70.5M | $32.9M | $56.4M | $80.7M | $65.0M |
| I+D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Generales y Administrativos | $17.3M | $25.7M | $29.8M | $18.9M | $42.0M | $20.0M | $14.0M | $23.4M | 0 | 0 |
| Gastos Operativos | $26.2M | $42.6M | $49.5M | $38.9M | $60.9M | $37.7M | $31.0M | $23.4M | $25.7M | $31.7M |
| Beneficio Operativo | $47.6M | -$10.1M | -$75.9M | $81.8M | -$29.1M | $32.8M | $2.0M | $33.0M | $55.0M | $33.3M |
| EBITDA | $62.8M | $13.4M | -$49.2M | $108.9M | -$6.3M | $53.7M | $13.4M | $39.2M | $60.7M | $39.0M |
| Gastos por Intereses | $8.9M | $16.9M | $19.7M | $20.0M | $15.8M | $10.5M | $3.0M | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | $47.6M | -$10.1M | -$75.9M | $81.8M | -$29.1M | $32.8M | $2.0M | $33.0M | $55.0M | $33.3M |
| Impuestos | -$2.2M | -$499000 | -$19.2M | $11.7M | -$8.1M | $3.4M | $2.8M | $7.5M | $11.7M | $8.0M |
| Beneficio Neto | $49.9M | -$9.6M | -$56.7M | $70.0M | -$21.0M | $29.4M | -$850000 | $25.4M | $43.2M | $25.3M |
| BPA | $2.89 | $-0.55 | $-4.02 | $4.93 | $-1.48 | $2.00 | $-0.09 | $1.84 | $3.14 | $1.75 |
| BPA Diluido | $2.84 | $-0.55 | $-4.02 | $4.88 | $-1.48 | $1.97 | $-0.09 | $1.83 | $3.12 | $1.75 |
| Acciones en Circulación (Diluidas) | $17.5M | $17.3M | $14.1M | $14.3M | $14.3M | $14.7M | $14.5M | $13.7M | $13.7M | $14.3M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $114.2M | $116.7M | $109.2M | $116.1M |
| Beneficio Bruto | $23.9M | $16.0M | $14.6M | $63.1M |
| Beneficio Operativo | $16.1M | $9.2M | $5.5M | $14.4M |
| EBITDA | $17.4M | $10.7M | $7.1M | $16.0M |
| Beneficio Neto | $12.5M | $6.5M | $4.2M | $11.1M |
| BPA | $0.87 | $0.44 | $0.29 | $0.76 |
| BPA Diluido | $0.86 | $0.44 | $0.29 | $0.76 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $75.1M | $74.4M | $99.5M | $44.3M | $67.4M | $78.3M | $38.8M | $38.0M | $17.0M | $65.5M |
| Inversiones a Corto | $1.36B | $1.38B | $1.24B | $1.25B | $1.19B | $1.20B | $1.25B | $1.00B | $1.18B | $1.09B |
| Cuentas por Cobrar | 0 | 0 | $87.7M | $213.0M | $198.1M | $228.3M | $254.5M | $186.5M | $142.8M | $132.2M |
| Inventario | -$1.95B | -$1.92B | -$471.3M | -$341.5M | -$369.2M | -$438.6M | -$443.4M | -$140.2M | 0 | 0 |
| Activos Corrientes | $167.2M | $158.8M | $1.55B | $1.51B | $1.46B | $1.51B | $1.54B | $38.0M | $1.35B | $1.29B |
| Inmovilizado Material | 0 | 0 | $1.34B | $1.51B | $1.28B | $16.1M | $11.7M | $9.7M | $9.3M | $8.2M |
| Fondo de Comercio | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M | $5.4M | $4.8M | $4.8M | $4.8M | $4.8M |
| Activos Intangibles | $23.1M | $22.5M | $22.0M | $21.5M | $21.0M | $20.3M | $14.8M | $14.5M | $55.2M | $58.0M |
| Activos Totales | $1.97B | $2.00B | $1.96B | $2.08B | $1.90B | $2.01B | $1.80B | $1.73B | $1.73B | $1.72B |
| Cuentas por Pagar | $18.4M | $10.9M | $15.0M | $20.4M | $8.9M | $35.3M | $17.2M | $2.6M | $8.2M | $1.9M |
| Deuda a Corto | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $219000 | $10.9M | $695.0M | $31.1M | $34.3M | $37.3M | $47.1M | $2.6M | $992.0M | $956.4M |
| Deuda a Largo | $163.1M | $294.7M | $288.6M | $296.6M | $126.3M | $126.4M | 0 | 0 | 0 | 0 |
| Pasivos Totales | $1.17B | $1.28B | $1.33B | $1.35B | $1.19B | $1.31B | $1.17B | $1.08B | $1.04B | $1.01B |
| Reservas | $368.3M | $275.8M | $215.1M | $270.8M | $235.0M | $249.3M | $233.5M | $245.0M | $268.7M | $273.6M |
| Patrimonio Neto | $798.0M | $718.4M | $629.1M | $726.8M | $718.3M | $706.6M | $626.2M | $648.8M | $689.1M | $706.6M |
| Deuda Total | $163.1M | $294.7M | $288.6M | $296.6M | $149.2M | $145.5M | $15.7M | $12.7M | $10.4M | $8.3M |
| Deuda Neta | -$1.27B | -$1.16B | -$1.05B | -$1.00B | -$1.11B | -$1.13B | -$1.27B | -$1.03B | -$1.19B | -$1.15B |
| Capital Circulante | $167.0M | $147.9M | $852.6M | $1.48B | $1.42B | $1.47B | $1.49B | $35.4M | $354.9M | $333.2M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $75.4M | $65.5M | $34.8M | $97.5M |
| Activos Totales | $1.73B | $1.72B | $1.68T | $1.72B |
| Pasivos Totales | $1.03B | $1.01B | $976.01B | $1.01B |
| Patrimonio Neto | $704.1M | $706.6M | $704.11B | $710.9M |
| Deuda Total | $17.8M | $8.3M | $7.9M | $7.7M |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $49.9M | -$9.6M | -$56.7M | $70.0M | -$21.0M | $29.4M | -$850000 | $25.4M | $43.2M | $25.3M |
| Amortizaciones | $6.3M | $6.5M | $7.0M | $7.1M | $7.0M | $10.4M | $8.4M | $6.2M | $5.8M | $5.7M |
| Compensación en Acciones | $3.5M | $3.7M | $3.5M | $4.2M | $6.8M | $2.4M | $3.9M | $3.5M | $4.8M | $6.1M |
| Cambio en Capital Circulante | -$57.6M | -$25.1M | $84.8M | -$30.6M | $16.9M | $80.4M | $9.4M | $9.5M | -$9.5M | -$44.7M |
| Flujo de Caja Operativo | -$24.4M | -$23.6M | $42.1M | $32.4M | $32.7M | $90.8M | $44.2M | $42.9M | $38.8M | $9.1M |
| Inversiones (CapEx) | -$40.9M | -$1.5M | -$9.5M | -$24.1M | -$25.7M | 0 | 0 | 0 | 0 | 0 |
| Adquisiciones | $12.2M | -$7.0M | $23.6M | $3.5M | -$56.1M | -$52.9M | $107.9M | 0 | 0 | -$1.3M |
| Recompra de Acciones | -$805000 | -$84.2M | -$1.9M | -$947000 | -$153000 | -$490000 | -$22.3M | -$12.7M | -$529000 | 0 |
| Dividendos Pagados | 0 | 0 | -$14.0M | -$14.2M | -$14.4M | -$14.9M | -$14.8M | -$14.7M | -$19.8M | -$20.4M |
| Flujo de Caja Libre | -$65.3M | -$25.1M | $32.6M | $8.3M | $7.0M | $90.8M | $44.2M | $42.9M | $38.8M | $9.1M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | $5.7M | -$6.0M | -$17.9M | -$15.8M |
| Inversiones (CapEx) | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | $5.7M | -$6.0M | -$17.9M | -$15.8M |
| Dividendos Pagados | -$110000 | -$10.1M | -$5.1M | -$5.1M |
| Compensación en Acciones | $980000 | $924000 | $1.0M | $1.0M |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -9.2% | +2.8% | +21.2% | -3.5% | +16.2% | -7.3% | -16.0% | -16.5% | +2.0% |
| Crecimiento Beneficio Neto (anual) | | -119.2% | -493.6% | +223.5% | -130.0% | +239.7% | -102.9% | +3091.6% | +70.0% | -41.4% |
| Crecimiento BPA (anual) | | -119.0% | -630.9% | +222.6% | -130.0% | +235.1% | -104.5% | +2165.1% | +70.7% | -44.3% |
| Cambio en Acciones (anual) | | -1.4% | -18.6% | +1.7% | -0.3% | +2.6% | -1.2% | -5.6% | +0.3% | +4.0% |
| Crecimiento FCF (anual) | | +61.6% | +229.9% | -74.7% | -15.8% | +1206.5% | -51.3% | -3.1% | -9.4% | -76.7% |
| Margen Bruto | 13.8% | 6.7% | -5.3% | 20.0% | 5.4% | 10.4% | 5.2% | 10.7% | 18.3% | 14.4% |
| Margen Operativo | 8.9% | -2.1% | -15.2% | 13.5% | -5.0% | 4.8% | 0.3% | 6.2% | 12.5% | 7.4% |
| Margen EBITDA | 11.8% | 2.8% | -9.9% | 18.0% | -1.1% | 7.9% | 2.1% | 7.4% | 13.8% | 8.7% |
| Margen Neto | 9.3% | -2.0% | -11.4% | 11.6% | -3.6% | 4.3% | -0.1% | 4.8% | 9.8% | 5.6% |
| Margen FCF | -12.2% | -5.2% | 6.5% | 1.4% | 1.2% | 13.4% | 7.0% | 8.1% | 8.8% | 2.0% |
| Tasa Impositiva Efectiva | -4.7% | 5.0% | 25.3% | 14.4% | 27.8% | 10.5% | 143.1% | 22.9% | 21.3% | 23.9% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-3.72 | $-1.45 | $2.31 | $0.58 | $0.49 | $6.19 | $3.05 | $3.14 | $2.83 | $0.64 |
| Dividendo por Acción | $0.00 | $0.00 | $1.00 | $0.99 | $1.01 | $1.01 | $1.02 | $1.07 | $1.45 | $1.43 |
| Acciones en Circulación (Básicas) | $17.2M | $17.3M | $14.1M | $14.2M | $14.3M | $14.4M | $14.5M | $13.6M | $13.6M | $14.2M |
Qué mirar en Seguros
Las aseguradoras ganan de 2 formas: suscribiendo bien (combined ratio) e invirtiendo el float. Buffett construyó Berkshire así.
- Op Margin 5y (proxy Combined Ratio) — Proxy del combined ratio cuando FMP no lo expone. ≥10% medio 5y = disciplina de suscripción (CR <100%)
- Crecimiento Book Value / Acción — Cómo Buffett mide Berkshire. El valor real que acumulan los accionistas
- Debt / Equity — Aseguradoras apalancadas quiebran rápido en catástrofes
- P/B (Price / Book) — Aseguradoras se valoran por múltiplo de libros. Aquí se cruza con el ROE (calidad × valoración)
- Dividend growth streak — Años consecutivos subiendo dividendo por acción — aseguradoras sólidas acumulan décadas
Rentabilidad
| Rentabilidad sobre capital | 0.02% |
| Rentabilidad sobre capital invertido | 1.99% |
| Rentabilidad sobre activos | 1.99% |
| Margen bruto | 25.77% |
| Margen operativo | 9.91% |
| Margen neto | 7.52% |
Salud financiera
| Deuda / Patrimonio | 0.01 |
| Ratio corriente | 0.00 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 13.22 | -76.40 | -9.01 | 6.01 | -19.32 | 12.56 | -261.62 | 17.52 | 11.46 | 16.22 |
| P/VC | 0.83 | 1.01 | 0.81 | 0.58 | 0.57 | 0.51 | 0.54 | 0.67 | 0.71 | 0.57 |
| P/V | 1.23 | 1.50 | 1.02 | 0.70 | 0.70 | 0.53 | 0.54 | 0.83 | 1.11 | 0.89 |
| Margen Bruto | 13.8% | 6.7% | -5.3% | 20.0% | 5.4% | 10.4% | 5.2% | 10.7% | 18.3% | 14.4% |
| Margen Operativo | 8.9% | -2.1% | -15.2% | 13.5% | -5.0% | 4.8% | 0.3% | 6.2% | 12.5% | 7.4% |
| Margen Neto | 9.3% | -2.0% | -11.4% | 11.6% | -3.6% | 4.3% | -0.1% | 4.8% | 9.8% | 5.6% |