DivestmentAug 13, 2026, 04:46 PM
Boston Omaha to Sell Insurance Subsidiary GIG for $84.3M; Q2 EPS $(0.05)
AI Summary
Boston Omaha Corporation announced an agreement to sell its insurance subsidiary, General Indemnity Group (GIG), for approximately $84.3 million. For the second quarter of 2026, the company reported a net loss attributable to common stockholders of $1.61 million, or $(0.05) per share, an improvement from $(0.07) per share in the prior year. Total revenues increased by 2.4% to $22.2 million for the quarter.
Key Highlights
- Agreed to sell insurance subsidiary GIG for approximately $84.3 million.
- Q2 2026 net loss attributable to common stockholders was $1.61 million.
- Basic net loss per share for Q2 2026 improved to $(0.05) from $(0.07) in Q2 2025.
- Total revenues for Q2 2026 increased 2.4% to $22.2 million.
- Billboard rentals revenue rose 2.5% to $11.72 million in Q2 2026.
- Broadband services revenue grew 2.4% to $10.48 million in Q2 2026.
- Purchased $10.57 million in treasury stock during the first six months of 2026.
- Total assets decreased by 4.2% to $683.05 million as of June 30, 2026.
Price Impact
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