Global Indemnity

Global Indemnity Group LLC engages in providing diversified insurance and reinsurance services. It operates through the following segments: Commercial Specialty, Farm, Ranch, and Stable, Reinsurance Operations, and Exited Lines. The Commercial Specialty segment provides specialty and casualty products designed for product lines such as small business binding authority, property brokerage, vacant express and programs. The Specialty Property segment offers specialty personal lines property and casualty insurance products. The Farm, Ranch, and Stable segment offers specialized property and casualty coverage including commercial farm auto and excess/umbrella coverage for the agriculture industry as well as specialized insurance products for the equine mortality and equine major medical industry. The Reinsurance Operations segment provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. The company was founded in 2003 and is headquartered in Bala Cynwyd, PA.

Earnings data Q1 2021

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Global Indemnity reports strong Q1 earnings, eyes growth opportunities

Global Indemnity's Q1 2024 performance reflects robust financial health, marked by revenue growth, underwriting strength, and prudent expense management, positioning the company for sustained success.
While facing challenges such as declining premiums in noncore segments, the company's focus on core business strength and growth in key divisions underscores its resilience and adaptability.
With a positive outlook for 2024 and opportunities to optimize return on equity and capital allocation, Global Indemnity is poised to capitalize on growth prospects and enhance shareholder value.

Global Indemnity Group reports robust Q2 performance and eyes strategic growth

Global Indemnity Group's Q2 2024 performance reflects solid revenue growth aligned with long-term targets and strong underwriting results, despite a slightly high expense ratio.
The company's focus on direct reinsurance and growth in investment income positions it well for future expansion and strategic initiatives.
While challenges exist in managing expenses amidst digital transformation investments, the company's excess capital strength and growth prospects offer promising opportunities.
Overall, Global Indemnity's financial performance and strategic direction indicate a positive outlook for sustained growth and value creation for stakeholders.

Global Indemnity (GBLI) reports strong Q3 results and growth prospects

Global Indemnity Group's Q3 2024 earnings call highlighted robust financial performance, strategic growth initiatives, and effective risk management practices.
The company's focus on underwriting excellence, investment income growth, and technology enhancements positions it well for future growth and profitability.
While facing challenges in a dynamic market, Global Indemnity remains agile in seizing opportunities for expansion and innovation to drive long-term success.

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Global Indemnity Group LLC engages in providing diversified insurance and reinsurance services. It operates through the following segments: Commercial Specialty, Reinsurance Operations, and Exited Lines. The Commercial Specialty segment provides specialty and casualty products designed for product lines such as small business binding authority, property brokerage, vacant express and programs. The Specialty Property segment offers specialty personal lines property and casualty insurance products. The Reinsurance Operations segment provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. The company was founded in 2003 and is headquartered in Bala Cynwyd, PA.

BALA CYNWYD, PA / ACCESSWIRE / December 6, 2021 / Global Indemnity Group, LLC (NASDAQ:GBLI) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on December 31, 2021 to all shareholders of record as of the close of business on December 20, 2021. About Global Indemnity Group, LLC and its subsidiaries Global Indemnity Group, LLC (NASDAQ:GBLI), through its several direct and indirect wholly owned subsidiary insurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide.

Global Indemnity Group Announces Quarterly Distribution

Global Indemnity Group, LLC (GBLI) CEO David Charlton on Q3 2021 Results - Earnings Call Transcript

BALA CYNWYD, PA / ACCESSWIRE / November 9, 2021 / Global Indemnity Group, LLC (NASDAQ:GBLI) (the "Company") today reported net income available to shareholders of $3.8 million for the nine months ended September 30, 2021 compared to net loss available to shareholders of $22.2 million for the corresponding period in 2020. Adjusted operating loss was $2.9 million for the nine months ended September 30, 2021 compared to adjusted operating income of $16.8 million for the corresponding period in 2020, which period included a $31.6 million release of prior year reserves as compared to a $0.7 million strengthening in prior year reserves in the current period.

Global Indemnity Group, LLC Reports Third Quarter 2021 Results

BALA CYNWYD, PA / ACCESSWIRE / November 2, 2021 / Global Indemnity Group, LLC (NASDAQ:GBLI) ("GBLI"), announced today that K2 Insurance Services, LLC ("K2") has acquired its American Reliable specialty residential property business, including its manufactured home and dwelling lines. K2 is committed to seamlessly transfer and renew the American Reliable specialty residential property business, which will be underwritten by Homesite Group, a subsidiary of American Family Mutual Insurance Company, S.I.

K2 Insurance Services Acquires American Reliable's Specialty Property Business

BALA CYNWYD, PA / ACCESSWIRE / September 16, 2021 / Global Indemnity Group, LLC (NASDAQ:GBLI) ("GBLI"), announced today that it will release its third quarter 2021 earnings before market open on Tuesday, November 9, 2021. GBLI will hold an earnings call to discuss third quarter results on Tuesday, November 9, 2021 at 11:00 a.m.

Global Indemnity Group, LLC Third Quarter 2021 Earnings Release & Conference Call

BALA CYNWYD, Pa., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (“GBLI”) announced today that it will host its annual investor day conference on Monday, September 13, 2021, in New York City at 1:00 p.m. Eastern. The agenda includes a presentation by Saul A. Fox, Chairman of the Board, David S. Charlton, Chief Executive – Insurance Operations and other members of senior management regarding GBLI's strategic direction, financial performance, and business outlook, among other topics.

Global Indemnity Group Announces Annual Investor Day Conference on September 13, 2021

BALA CYNWYD, Penn., Aug. 18, 2021 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”), parent company of specialty property and casualty insurance providers Penn-America Group®, United National Group®, Diamond State Group®, American Reliable Insurance Company®, and Collectibles Insurance Services™, today issued the following letter to Harbert Discovery Fund, LP (the “Investor”) in response to a recent letter from the Investor:

Global Indemnity Group, LLC Issues Letter to Investor

BALA CYNWYD, Pa., Aug. 04, 2021 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) today reported net income available to shareholders of $11.7 million for the six months ended June 30, 2021 compared to net loss available to shareholders of ($7.0) million for the corresponding period in 2020. Adjusted operating income was $4.0 million for the six months ended June 30, 2021 compared to $17.5 million for the corresponding period in 2020, which period included a $19.9 million release of prior year reserves as compared to a $2.1 million increase in prior year reserves in the current period. Gross Written Premiums increased 5.8% to $338.8 million for the six months ended June 30, 2021, including 9.4% growth in the Company's core Commercial Specialty business segment. Gross Written Premiums of $338.8 million is the highest in any six month period since the Company became publicly traded.

Global Indemnity Group, LLC Reports Second Quarter 2021 Results

BALA CYNWYD, Pa., May 05, 2021 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) today reported net income available to shareholders of $5.4 million for the three months ended March 31, 2021 compared to net loss available to shareholders of $44.6 million for the corresponding period in 2020. Adjusted operating income was $1.3 million for the three months ended March 31, 2021 compared to $10.0 million for the corresponding period in 2020.

Global Indemnity Group, LLC Reports First Quarter 2021 Results

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long Term Issue Credit Rating (Long-Term ICR) of “a” of the U.S. operating subsidiaries of Global Indemnity Group, LLC (Global Indemnity) (Delaware) [NASDAQ: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” of Global Indemnity. (See below for complete list of companies and ratings). AM Best also has affirmed the Long-Term Issue Rating (Long-Term IR) of “bbb-” on

AM Best Affirms Credit Ratings of Global Indemnity Group, LLC and Its Subsidiaries

BALA CYNWYD, Pa., March 08, 2021 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) today reported a net loss available to shareholders of $21.2 million for the year ended December 31, 2020 compared to net income available to shareholders of $70.0 million for the corresponding period in 2019. Adjusted operating income was $12.4 million for the year ended December 31, 2020 compared to $41.4 million for the corresponding period in 2019.

Global Indemnity Group, LLC Reports Year Ended 2020 Results

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New Benjamin Graham List Names, 3 Ideal Dogs For March

BALA CYNWYD, Pa., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”), parent company of specialty property and casualty insurance providers Penn-America Group®, United National Group®, Diamond State Group® and American Reliable Insurance Company®, today announced that Cynthia Valko, chief executive officer, age 66, informed the board of directors she will retire on January 31, 2021, although she will continue to serve the company in an advisory capacity. The Company's board of directors will undertake a search process to identify the successor for Ms. Valko.

Global Indemnity Group, LLC Announces CEO Retirement and Names President of Insurance Operations

BALA CYNWYD, Pa., Nov. 09, 2020 (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) today reported a net loss of $22.2 million for the nine months ended September 30, 2020 compared to net income of $41.0 million for the corresponding period in 2019. Adjusted operating income was $16.8 million for the nine months ended September 30, 2020 compared to $31.7 million for the corresponding period in 2019.

Global Indemnity Group, LLC Reports Third Quarter 2020 Results

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Long-Term Issuer Credit Rating (Long-Term IR) of “bbb” to the newly created Global Indemnity Group, LLC (Global Indemnity) (Delaware) [NASDAQ: GBLI], which has replaced Global Indemnity Limited (Cayman Island) as the ultimate parent of its U.S. subsidiaries. The outlook assigned to this Credit Rating (ratings) is stable. At the same time, AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long Term Issue Credi

AM Best Assigns Issuer Credit Rating to Global Indemnity Group, LLC; Affirms Credit Ratings of Subsidiaries

BALA CYNWYD, Pa., Sept.  14, 2020  (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) announced today its Board of Directors has approved a dividend payment of $0.25 per common share to be paid on September 30, 2020 to all shareholders of record as of the close of business on September 25, 2020.

Global Indemnity Group Announces Quarterly Dividend

BALA CYNWYD, Pa., Aug.  28, 2020  (GLOBE NEWSWIRE) -- Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) announced today the completion of the redomestication of Global Indemnity Limited and its Bermuda subsidiary, Global Indemnity Reinsurance Company, Ltd. (“GI Bermuda”), to the United States. The Company, a Delaware limited liability company classified as a partnership for federal income tax purposes, replaced Global Indemnity Limited, a Cayman Islands corporation, as the publicly listed parent company of Global Indemnity, effective as of today. The former shareholders of Global Indemnity Limited are now the shareholders of the Company, and the Class A Common Shares of the Company will continue to trade under the stock ticker symbol “GBLI”.

Global Indemnity Completes Redomestication to the United States

GEORGE TOWN, Cayman Islands, Aug.  10, 2020  (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) today reported net income of $37.6 million for the three months ended June 30, 2020 compared to $14.7 million for the same period of 2019. Underwriting income was $21.7 million for the three months ended June 30, 2020 compared to $8.1 million for the comparable period in 2019.  The Company’s Combined Ratio for the three months ended June 30, 2020 was 85.2%. The Company’s Investment Portfolio increased $82.8 million, or 5.3%, and book value per share increased 8.7%, from $47.12 to $51.24, during the second quarter of 2020.    

Global Indemnity Limited Reports Second Quarter 2020 Results

BALA CYNWYD, Pa., July  15, 2020  (GLOBE NEWSWIRE) -- GBLI Holdings, LLC, a Delaware limited liability company and a subsidiary of Global Indemnity Limited (Nasdaq: GBLI), today announced that it will redeem all of GBLI Holdings, LLC’s outstanding 7.75% Subordinated Notes due 2045 (CUSIP No. G3933F 121) (the “Notes”) on August 15, 2020 (the “Redemption Date”). On the Redemption Date, GBLI Holdings, LLC will pay to the registered holders of the Notes a redemption price equal to 100% of the principal amount of the Notes, plus accrued and unpaid interest to, but not including, the Redemption Date. As of July 15, 2020, $100,000,000 aggregate principal amount of the Notes were outstanding.

GBLI Holdings, LLC to Redeem 7.75% Subordinated Notes due 2045

GEORGE TOWN, Cayman Islands, June  23, 2020  (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (the “Company”) announced that the Company’s Board of Directors approved a plan to redomesticate the Company and its Bermuda subsidiary, Global Indemnity Reinsurance, Ltd., to the United States. The Board also approved the filing of a preliminary proxy statement with the U.S. Securities and Exchange Commission in connection with a special meeting of the Company’s shareholders that will be called to consider and approve the redomestication plan. 

Global Indemnity Limited Announces Proposed Redomestication to the United States

GEORGE TOWN, Cayman Islands, June  08, 2020  (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (“Global Indemnity”) announces its Board of Directors has approved a dividend payment of $0.25 per ordinary share to be paid on June 30, 2020 to all shareholders of record as of the close of business on June 23, 2020. 

Global Indemnity Limited Announces Quarterly Dividend

GEORGE TOWN, Cayman Islands, Feb.  10, 2020  (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (“Global Indemnity”) announced today its Board of Directors has approved a dividend payment of $0.25 per ordinary share to be paid on March 31, 2020 to all shareholders of record as of the close of business on March 24, 2020. 

Global Indemnity Limited  - Announces Quarterly Dividend

GEORGE TOWN, Cayman Islands, Dec.  09, 2019  (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (“Global Indemnity”) announced today its Board of Directors has approved a dividend payment of $0.25 per ordinary share to be paid on December 31, 2019 to all shareholders of record as of the close of business on December 24, 2019. 

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