What caused GBLI's Q4 2023 EPS to miss forecasts?

Global Indemnity's (GBLI) Q4 2023 EPS missed forecasts due to several factors:

1. **Wildfire Losses**: The company incurred $15 million in catastrophe losses due to the recent Los Angeles wildfires. This significant event had a direct impact on the quarter's earnings, contributing to the EPS shortfall.
2. **Regulatory Hurdles**: Global Indemnity faced regulatory challenges, particularly in California, which posed an additional challenge to its operations and profitability. These hurdles could have affected the company's ability to operate efficiently and effectively, thereby impacting its financial performance.

In summary, the combination of significant wildfire losses and regulatory hurdles in California significantly impacted Global Indemnity's Q4 2023 earnings, leading to the EPS miss.