Global Indemnity Group LLC (N:GBLI)

Business Focus: Property & Casualty Insurance

Mar 13, 2024 08:00 am ET

Global Indemnity Group, LLC Reports Year Ended 2023 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the twelve months ended December 31, 2023, of $25.0 million compared to net loss available to shareholders of $1.3 million for the corresponding period in 2022. Adjusted operating income per share was $1.96 in 2023, an increase of 125% over $0.87 in 2022, driven by a 95.2% accident year combined ratio in the Company’s Penn-America excess and surplus lines insurance business and $55.4 million of net investment income, which increased 101% over 2022. The Company also reduced gross writ

Mar 06, 2024 08:45 am ET

Global Indemnity Group, LLC Announces 40% Increase in Quarterly Dividend

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today that its Board of Directors approved a dividend rate of $0.35 per common share payable on March 28, 2024 to all shareholders of record as of the close of business on March 21, 2024, a 40% increase over the prior quarterly dividend rate of $0.25 per common share.

Feb 20, 2024 04:45 pm ET

Global Indemnity Group 2023 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its 2023 earnings before market open on Wednesday, March 13, 2024.

Dec 07, 2023 04:05 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on December 29, 2023 to all shareholders of record as of the close of business on December 22, 2023.

Dec 07, 2023 08:00 am ET

Global Indemnity Group, LLC Suspends the Exploration of the Sale or Merger of Penn-America and Global Indemnity

Global Indemnity Group, LLC (NYSE:GBLI) (“Global Indemnity” or the “Company”) announced today that it suspended the exploration of the sale or merger of Penn-America, Global Indemnity’s insurance group, and Global Indemnity itself at this time.

Nov 08, 2023 08:00 am ET

Global Indemnity Group, LLC Reports Third Quarter 2023 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the nine months ended September 30, 2023, of $19.2 million compared to net loss available to shareholders of $3.5 million(1) for the corresponding period in 2022. Net income available to shareholders for the three months ended September 30, 2023 was $7.6 million, compared to net income available to shareholders of $23.6 million(1) for the corresponding period in 2022.

Oct 17, 2023 04:05 pm ET

Global Indemnity Group Third Quarter 2023 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its third quarter 2023 earnings before market open on Wednesday, November 8, 2023.

Sep 28, 2023 04:05 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on October 16, 2023 to all shareholders of record as of the close of business on October 9, 2023.

Aug 08, 2023 08:00 am ET

Global Indemnity Group, LLC Reports Second Quarter 2023 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the six months ended June 30, 2023, of $11.6 million compared to net loss available to shareholders of $27.2 million for the corresponding period in 2022. Net income available to shareholders for the three months ended June 30, 2023 was $9.2 million, compared to net loss available to shareholders of $12.3 million for the corresponding period in 2022. Adjusted operating income, which excludes realized gains and losses and the results of Exited Lines, was $10.3 million for the six mont

Jul 12, 2023 04:30 pm ET

Global Indemnity Group Second Quarter 2023 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its second quarter 2023 earnings before market open on Tuesday, August 8, 2023.

Jun 09, 2023 01:07 pm ET

Global Indemnity Announces that Multiple Parties Have Expressed Preliminary Interest in Acquiring or Merging with Penn-America or Global Indemnity

Global Indemnity Group, LLC (NYSE:GBLI) (“Global Indemnity” or the “Company”) announced that in recent days, multiple parties indicated preliminary interest in exploring an acquisition of or merger with Penn-America, Global Indemnity's insurance group, or an acquisition of or merger with Global Indemnity itself. While the Company is responding to certain of these preliminary indications of interest, there is no assurance that an acceptable transaction will result from such engagement. The Company does not intend to make any further public comment regarding the process unless or until it has be

Jun 01, 2023 04:30 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on June 30, 2023 to all shareholders of record as of the close of business on June 23, 2023.

May 10, 2023 08:00 am ET

Global Indemnity Group, LLC Reports First Quarter 2023 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net income available to shareholders for the three months ended March 31, 2023, of $2.4 million compared to net loss available to shareholders of $14.9 million for the corresponding period in 2022. Adjusted operating income, which excludes realized gains and losses and the results of Exited Lines, was $3.4 million for the three months ended March 31, 2023, compared to $3.8 million for the three months ended March 31, 2022.

Apr 19, 2023 04:30 pm ET

Global Indemnity Group, LLC First Quarter 2023 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its first quarter 2023 earnings before market open on Wednesday, May 10, 2023.

Mar 09, 2023 08:00 am ET

Global Indemnity Group, LLC Reports Year Ended 2022 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net loss available to shareholders for the twelve months ended December 31, 2022, of $1.3 million compared to net income available to shareholders of $28.9 million for the corresponding period in 2021. Adjusted operating income, which excludes realized gains and losses, the results of Exited Lines, and the write-off of debt issuance costs on the early retirement of debt, was $19.5 million for the twelve months ended December 31, 2022, compared to $14.6 million for the twelve months ended December 31, 2021.

Mar 02, 2023 04:30 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on March 31, 2023 to all shareholders of record as of the close of business on March 24, 2023.

Feb 15, 2023 04:15 pm ET

Global Indemnity Group, LLC 2022 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its 2022 earnings before market open on Thursday, March 9, 2023.

Jan 03, 2023 04:05 pm ET

Global Indemnity Group, LLC Announces Additional Share Buyback Authorization

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) today announced that it has spent $21.9 million under its previously announced stock purchase program and authorized an additional repurchase amount of $38.1 million for an aggregate stock purchase program of $60 million. The authorization to repurchase shares will expire on December 31, 2027. The timing and actual number of shares repurchased, if any, will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities. Further, GBLI may utilize a variety of stock repurchase meth

Dec 08, 2022 05:00 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on December 30, 2022 to all shareholders of record as of the close of business on December 23, 2022.

Nov 08, 2022 08:00 am ET

Global Indemnity Group, LLC Reports Third Quarter 2022 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported adjusted operating income, which excludes realized gains and losses, the results of Exited Lines, the loss on the extinguishment of debt, and the impact of the sale of the Farm, Ranch & Stable renewal rights, of $12.5 million for the nine months ended September 30, 2022, compared to $12.0 million for the nine months ended September 30, 2021. Adjusted operating income, was $5.3 million for the three months ended September 30, 2022, compared to $0.6 million for the corresponding period in 2021. Net loss available to sharehold

Oct 25, 2022 10:00 am ET

Global Indemnity Group, LLC Announces Hurricane Ian Loss Estimate

Global Indemnity Group, LLC (NYSE: GBLI) (“GBLI”), announced today estimated pretax catastrophe losses from Hurricane Ian of $1.5 million to be reflected in the third quarter of 2022. This estimate is based upon information currently available. The Company’s level of Ian losses reflect the Company’s multi-year efforts to reduce its catastrophe exposures.

Oct 21, 2022 04:16 pm ET

Global Indemnity Group, LLC Announces Chief Executive Officer and Chief Operations Officer Departures, Names Chief Executive Officer, Appoints a New Director, and Announces Share Buyback Authorization

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), today announced that David S. Charlton, Chief Executive Officer, and Reiner R. Mauer, Chief Operations Officer, are no longer officers or directors of GBLI (including its subsidiaries).

Oct 17, 2022 05:00 pm ET

Global Indemnity Group, LLC Third Quarter 2022 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its Third Quarter 2022 earnings before market open on Tuesday, November 8, 2022.

Sep 23, 2022 04:15 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on October 11, 2022 to all shareholders of record as of the close of business on October 4, 2022.

Sep 22, 2022 10:32 am ET

Moore Kuehn, PLLC Encourages Investors of Global Indemnity Group, LLC to Contact Law Firm

Moore Kuehn, PLLC, a securities law firm located on Wall Street, is investigating whether certain officers and directors of Global Indemnity Group, LLC (NYSE: GBLI) breached their fiduciary duties to shareholders. The investigation concerns...

Aug 31, 2022 09:43 am ET

Moore Kuehn, PLLC Encourages Investors of Global Indemnity Group, LLC to Contact Law Firm

Aug 18, 2022 02:26 pm ET

AM Best Places Credit Ratings of American Reliable Insurance Company Under Review With Negative Implications

AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of American Reliable Insurance Company (ARIC) (Scottsdale, AZ), a member of Global Indemnity Group, LLC (Global Indemnity) [NYSE: GBLI].

Aug 09, 2022 08:00 am ET

Global Indemnity Group, LLC Reports Second Quarter 2022 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported adjusted operating income, which excludes realized gains and losses, the results of Exited Lines and the loss on the extinguishment of debt, of $7.3 million for the six months ended June 30, 2022, compared to $11.4 million for the corresponding period in 2021. Adjusted operating income, was $1.8 million for the three months ended June 30, 2022, compared to $8.7 million for the corresponding period in 2021. Net loss available to shareholders for the six months ended June 30, 2022, was $27.2 million compared to net income ava

Aug 08, 2022 04:30 pm ET

Everett Cash Mutual Insurance Company Acquires American Reliable’s Farm, Ranch, and Equine Business

Global Indemnity Group, LLC (NYSE:GBLI) ("GBLI"), announced today that American Reliable Insurance Company (“ARIC”), a GBLI subsidiary, completed the disposition of ARIC’s Farm, Ranch, and Equine book of renewal business to Everett Cash Mutual. GBLI also announced that it agreed to sell ARIC to Everett Cash Mutual (ECM), which, subject to regulatory approvals and customary transactional conditions, is expected to close in or before the first quarter of 2023. GBLI and ECM anticipate that the renewal rights and acquisition transactions will further enhance ARIC’s provision of products and servic

Jul 11, 2022 05:00 pm ET

Global Indemnity Group, LLC Second Quarter 2022 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its Second Quarter 2022 earnings before market open on Tuesday, August 9, 2022.

Jun 02, 2022 05:00 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on June 30, 2022 to all shareholders of record as of the close of business on June 20, 2022.

May 19, 2022 03:48 pm ET

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

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long Term Issue Credit Rating (Long-Term ICR) of “a” (Excellent) of the U.S. operating subsidiaries of Global Indemnity Group, LLC (Global Indemnity) (Delaware) [NYSE: GBLI]. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” (Good) of Global Indemnity. (See below for complete list of companies and ratings). The outlook of these Credit Ratings (ratings) is stable.

May 09, 2022 07:30 am ET

Global Indemnity Group, LLC Reports First Quarter 2022 Results

Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported a net loss to shareholders of $14.9 million for the three months ended March 31, 2022, compared to net income to shareholders of $5.4 million for the corresponding period in 2021. The company generated adjusted operating income of $5.4 million during the first quarter of 2022, which excludes realized losses and the results of Exited Lines, compared to adjusted operating income of $2.3 million for the corresponding period in 2021.

Apr 20, 2022 04:30 pm ET

Global Indemnity Group, LLC First Quarter 2022 Earnings Release & Conference Call

Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), announced today that it will release its First Quarter 2022 earnings before market open on Monday, May 9, 2022.

Mar 10, 2022 04:15 pm ET

GBLI Holdings, LLC to Redeem 7.875% Subordinated Notes due 2047

BALA CYNWYD, PA / ACCESSWIRE / March 10, 2022 / GBLI Holdings, LLC, a Delaware limited liability company and a subsidiary of Global Indemnity Group, LLC (NYSE:GBLI), today announced that it will redeem all of GBLI Holdings, LLC's outstanding 7.875% Subordinated Notes due 2047 (CUSIP No. 37959R202) (the "Notes") on April 15, 2022 (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

Mar 10, 2022 08:00 am ET

Global Indemnity Group, LLC Reports Year Ended 2021 Results

BALA CYNWYD, PA / ACCESSWIRE / March 10, 2022 / Global Indemnity Group, LLC (NYSE:GBLI) (the "Company") today reported net income available to shareholders of $28.9 million for the year ended December 31, 2021 compared to net loss available to shareholders of ($21.2) million for the corresponding period in 2020. Gross written premiums in 2021 increased 12.4% compared to the corresponding period in 2020. Net income available to shareholders from core business, which excludes Exited Lines net of tax, was $42.3 million in 2021 compared to a net loss available to shareho

Mar 03, 2022 04:45 pm ET

Global Indemnity Group, LLC Announces Quarterly Distribution

BALA CYNWYD, PA / ACCESSWIRE / March 3, 2022 / Global Indemnity Group, LLC (NYSE:GBLI) ("GBLI"), ) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on March 31, 2022 to all shareholders of record as of the close of business on March 21, 2022.

Feb 21, 2022 04:30 pm ET

Global Indemnity Group, LLC 2021 Earnings Release & Conference Call

BALA CYNWYD, PA / ACCESSWIRE / February 21, 2022 / Global Indemnity Group, LLC (NYSE:GBLI) ("GBLI"), announced today that it will release its 2021 earnings before market open on Thursday, March 10, 2022.

Dec 16, 2021 09:00 am ET

Global Indemnity Group Announces Transfer to the New York Stock Exchange

BALA CYNWYD, PA / ACCESSWIRE / December 16, 2021 / Global Indemnity Group, LLC (NASDAQ:GBLI) (the "Company") announced today it is transferring the listing of its Class A Common shares and its 7.875% Subordinated Notes Due 2047 to the New York Stock Exchange ("NYSE") from the NASDAQ Global Select Market ("NASDAQ").

Dec 06, 2021 08:45 am ET

Global Indemnity Group Announces Quarterly Distribution

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.

Nov 09, 2021 08:00 am ET

Global Indemnity Group, LLC Reports Third Quarter 2021 Results

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

Nov 02, 2021 09:00 am ET

K2 Insurance Services Acquires American Reliable's Specialty Property Business

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. (American Family Insurance).

Sep 16, 2021 04:30 pm ET

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

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.

Sep 13, 2021 08:40 am ET

Global Indemnity Group Announces Quarterly Distribution

BALA CYNWYD, PA / ACCESSWIRE / September 13, 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 September 30, 2021 to all shareholders of record as of the close of business on September 23, 2021.

Aug 25, 2021 04:30 pm ET

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

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,...

Aug 18, 2021 06:45 pm ET

Global Indemnity Group, LLC Issues Letter to Investor

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...

Aug 04, 2021 05:04 pm ET

Global Indemnity Group, LLC Reports Second Quarter 2021 Results

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...

Jun 07, 2021 09:00 am ET

Global Indemnity Group Announces Quarterly Distribution

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 June 30, 2021 to all shareholders of record as of the close of business on June 21, 2021....

May 17, 2021 09:00 am ET

Global Indemnity Group, LLC Names Reiner R. Mauer Chief Operations Officer of Global Indemnity’s Insurance Businesses

May 05, 2021 05:41 pm ET

Global Indemnity Group, LLC Reports First Quarter 2021 Results

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...

Apr 21, 2021 04:18 pm ET

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

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 the $130 million 7.875% subordinated notes due 2047

Apr 20, 2021 09:00 am ET

Global Indemnity Group, LLC Names David S. Charlton Chief Executive of Insurance Operations

Mar 08, 2021 04:47 pm ET

Global Indemnity Group, LLC Reports Year Ended 2020 Results

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...

Feb 16, 2021 08:30 am ET

Global Indemnity Group Announces Quarterly Distribution

Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on March 31, 2021 to all shareholders of record as of the close of business on...

Jan 19, 2021 04:05 pm ET

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

Dec 07, 2020 08:30 am ET

Global Indemnity Group Announces Quarterly Distribution

Global Indemnity Group, LLC (NASDAQ:GBLI) (the “Company”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on December 31, 2020 to all shareholders of record as of the close of business...

Nov 09, 2020 08:01 am ET

Global Indemnity Group, LLC Reports Third Quarter 2020 Results

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...

Sep 23, 2020 05:43 pm ET

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

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 Issu

Sep 14, 2020 08:00 am ET

Global Indemnity Group Announces Quarterly Dividend

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...

Aug 28, 2020 12:02 am ET

Global Indemnity Completes Redomestication to the United States

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....

Aug 10, 2020 07:49 am ET

Global Indemnity Limited Reports Second Quarter 2020 Results

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...

Jul 15, 2020 04:05 pm ET

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

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...

Jun 23, 2020 04:05 pm ET

Global Indemnity Limited Announces Proposed Redomestication to the United States

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...

Jun 08, 2020 07:00 am ET

Global Indemnity Limited Announces Quarterly Dividend

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...

May 29, 2020 04:45 pm ET

Global Indemnity Limited to Hold Virtual Annual General Meeting of Shareholders

Global Indemnity Limited (NASDAQ:GBLI) (“Global Indemnity”) announced today that its 2020 Annual General Meeting of Shareholders (“2020 Annual General Meeting”) has been changed to a virtual meeting via a live webcast. Due to the public health...

May 07, 2020 07:33 pm ET

Global Indemnity Limited Reports First Quarter 2020 Results

Global Indemnity Limited (NASDAQ:GBLI) today reported that for the three months ended March 31, 2020, the Company’s Gross Written Premiums increased 9.5% to $155.7 million and Net Written Premiums increased 12.7% to $139.1 million. Adjusted...

Mar 12, 2020 12:04 pm ET

Global Indemnity Limited Hosts 2020 Investor Day Call

Global Indemnity Limited (NASDAQ:GBLI) will host an Investor Day call on March 12, 2020. A copy of the Investor Day presentation materials may be found at https://www.globalindemnity.ky/gbli/investors/investor-relations. About Global...

Feb 20, 2020 04:30 pm ET

Global Indemnity Reports Record Premiums & Earnings Per Share

Global Indemnity Limited (NASDAQ:GBLI) today reported record earnings per share of $4.88 and net income of $70 million for the year ended December 31, 2019, an increase of $126.7 million over 2018. Gross Written Premiums increased 16.2% to $636.9...

Feb 10, 2020 08:30 am ET

Global Indemnity Limited Announces Quarterly Dividend

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...

Dec 09, 2019 08:30 am ET

Global Indemnity Limited Announces Quarterly Dividend

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...

Nov 05, 2019 05:21 pm ET

Global Indemnity Limited Reports Third Quarter 2019 Financial Results

Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the nine months ended September 30, 2019 of $41.0 million or $2.86 per share, an increase of $24.4 million or 146.6%, compared to the same period in 2018. Gross Premiums Written...

Sep 16, 2019 08:00 am ET

Global Indemnity Limited Announces Quarterly Dividend

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 October 2, 2019 to all shareholders of record as of the close of business...

Aug 07, 2019 05:36 pm ET

Global Indemnity Limited Reports Second Quarter 2019 Financial Results

Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the six months ended June 30, 2019 of $34.3 million or $2.39 per share, an increase of $21.4 million or 165.7%, compared to the same period in 2018. Gross Premiums Written...

Jun 03, 2019 04:30 pm ET

Global Indemnity Limited Announces Quarterly Dividend

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 June 28, 2019 to all shareholders of record as of the close of business on...

May 03, 2019 06:55 am ET

Global Indemnity Limited Reports First Quarter 2019 Financial Results

Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the three months ended March 31, 2019 of $19.6 million or $1.37 per share, an increase of $13.9 million or 244%, compared to the same period in 2018. Gross Premiums Written...

Mar 08, 2019 07:47 am ET

Global Indemnity Limited Reports 2018 Financial Results

Global Indemnity Limited (NASDAQ:GBLI) today reported a net loss of $56.7 million, a decrease of $47.1 million from 2017. Gross written premiums for the year ended December 31, 2018 increased 6.1%. Investment income for the year ended 2018 was...

Feb 11, 2019 08:30 am ET

Global Indemnity Limited Announces Quarterly Dividend

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 29, 2019 to all shareholders of record as of the close of business on...

Jan 08, 2019 03:15 pm ET

AM Best Affirms Credit Ratings of Global Indemnity Limited and Its Subsidiaries

AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Global Indemnity Reinsurance Company, Ltd. (Global Indemnity Re) (Hamilton, Bermuda) and its U.S. subsidiaries. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” of Global Indemnity Re’s ultimate parent holding company, Global Indemnity Limited (Global Indemnity) (Cayman Islands) [NASDAQ: GBLI].

Dec 03, 2018 04:00 pm ET

Global Indemnity Limited Announces Quarterly Dividend

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, 2018 to all shareholders of record as of the close of business...

Nov 07, 2018 04:22 pm ET

Global Indemnity Limited Reports Third Quarter 2018 Financial Results

Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the nine months ended September 30, 2018 of $16.6 million or $1.16 per share, an increase of $3.2 million or 23.6% compared to the same period of 2017. Adjusted operating income,...

Sep 17, 2018 04:05 pm ET

Global Indemnity Limited Announces Quarterly Dividend

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 October 1, 2018 to all shareholders of record as of the close of business...

Aug 07, 2018 04:09 pm ET

Global Indemnity Limited Reports Second Quarter 2018 Financial Results

Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the six months ended June 30, 2018 of $12.9 million or $0.90 per share. Adjusted operating income, which excludes after-tax realized gains and expenses related to the...

Jun 14, 2018 07:55 am ET

Report: Developing Opportunities within Global Indemnity, Renewable Energy Group, Whiting Petroleum, Social Reality, Chesapeake Energy, and Mattel — Future Expectations, Projections Moving into 2018

In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Global Indemnity PLC (NASDAQ:GBLI), Renewable Energy Group, Inc....

Jun 04, 2018 04:05 pm ET

Global Indemnity Limited Announces Quarterly Dividend

Global Indemnity Limited (NASDAQ:GBLI) (“Global Indemnity”) announced today its Board of Directors (the “Board”) has approved a dividend payment of $0.25 per ordinary share to be paid on June 29, 2018 to all shareholders of record as of the close...

May 08, 2018 04:12 pm ET

Global Indemnity Limited Reports First Quarter 2018 Financial Results

Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the three months ended March 31, 2018 of $5.7 million or $0.40 per share. Adjusted operating income, which excludes after-tax realized gains and expenses related to the...

Apr 26, 2018 02:33 pm ET

A.M. Best Comments on Credit Ratings of Global Indemnity Limited and Its Subsidiaries Following Cancellation of Internal Quota Share Reinsurance

A.M. Best has commented that the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” of Global Indemnity Limited (GLBI) [NASDAQ: GBLI] (Cayman Islands), and the Financial Strength Rating of A (Excellent) and the Long-Term ICRs of “a” of Global Indemnity Reinsurance Company Ltd. (Global Re) (Hamilton, Bermuda) and its U.S.–based affiliates remain unchanged following the termination of their internal reinsurance structure. The outlook of these Credit Ratings (ratings) remains stable.

Apr 17, 2018 08:20 am ET

Factors of Influence in 2018, Key Indicators and Opportunity within Global Indemnity, Workiva, China Tel, Renewable Energy Group, Grupo Aval Acciones y Valores S.A, and iClick Interactive Asia Group —

NEW YORK, April 17, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Global Indemnity PLC (NASDAQ:GBLI), Workiva Inc....

Mar 14, 2018 07:30 am ET

Research Report Identifies VimpelCom, NetEase, Altisource Portfolio Solutions S.A., CyrusOne, Global Indemnity, and ChemoCentryx with Renewed Outlook — Fundamental Analysis, Calculating Forward Moveme

NEW YORK, March 14, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of VimpelCom Ltd. (NASDAQ:VEON), NetEase, Inc. (NASDAQ:NTES),...

Mar 05, 2018 04:14 pm ET

Global Indemnity Limited Announces Quarterly Dividend

GEORGE TOWN, Cayman Islands, March 05, 2018 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (“Global Indemnity”) announced today its Board of Directors (the “Board”) has approved a dividend payment of $0.25 per ordinary share to be paid on...

Feb 28, 2018 06:54 pm ET

Global Indemnity Limited Reports 2017 Financial Results.

GEORGE TOWN, Cayman Islands, Feb. 28, 2018 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) today reported a net loss for the year ended December 31, 2017 of $9.6 million. Excluding losses related to the Texas and Florida hurricanes,...

Dec 27, 2017 04:05 pm ET

Global Indemnity Limited Announces Additional Share Redemption and Dividend Program

GEORGE TOWN, Cayman Islands, Dec. 27, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) announced today that it will acquire on December 29, 2017 3,397,031 of its A ordinary shares for approximately $83 million in the aggregate (approximately...

Dec 21, 2017 11:43 am ET

A.M. Best Affirms Credit Ratings of Global Indemnity Limited and Its Subsidiaries

A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Global Indemnity Reinsurance Company, Ltd. (Global Indemnity Re) (Hamilton, Bermuda) and its U.S. subsidiaries. Concurrently, A.M. Best has affirmed the Long-Term ICR of “bbb” of Global Indemnity Re’s ultimate parent holding company, Global Indemnity Limited (Global Indemnity) (Cayman Islands) (NASDAQ:GBLI).

Nov 08, 2017 04:37 pm ET

Global Indemnity Limited Reports Third Quarter 2017 Financial Results

GEORGE TOWN, Cayman Islands, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the nine months ended September 30, 2017 of $13.4 million or $0.76 per share, an increase of $1.9 million...

Aug 08, 2017 04:36 pm ET

Global Indemnity Limited Reports Second Quarter 2017 Financial Results

GEORGE TOWN, Cayman Islands, Aug. 08, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the six months ended June 30, 2017 of $22.4 million or $1.27 per share, and operating income of $22.2 million or $1.26 per share. As of June 30th, book value per share was $47.13, an increase of 3.8% compared to book value per share of $45.42 at December 31, 2016....

May 08, 2017 04:12 pm ET

Global Indemnity Limited Reports First Quarter 2017 Financial Results

GEORGE TOWN, Cayman Islands, May 08, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the three months ended March 31, 2017 of $12.3 million or $0.70 per share, and operating income of $11.8 million or $0.67 per share. As of March 31st, book value per share was $46.44, an increase of 2.3% compared to book value per share of $45.42 at December 31, 2016....

Mar 30, 2017 04:09 pm ET

Global Indemnity Limited Announces Exercise and Closing of Over-Allotment Option

GEORGE TOWN, Cayman Islands, March 30, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (the "Company" or "Global Indemnity") today announced that the underwriters in its previously announced underwritten offering of its 7.875% Subordinated Notes due 2047 (the "2047 Notes") have exercised their over-allotment option in the amount of $10,000,000 principal amount of 2047 Notes. As a result, the aggregate principal amount of the 2047 Notes will increase to $130,000,000. The sale of the 2047 Notes pursuant to the over-allotment option closed on March 30, 2017. ...

Mar 16, 2017 06:23 pm ET

Global Indemnity Limited Announces Pricing of $120 Million Subordinated Note Offering

GEORGE TOWN, Cayman Islands, March 16, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) (the "Company" or "Global Indemnity") today announced the pricing of an offering of $120 million of its 7.875% Subordinated Notes due 2047 (the "2047 Notes"). The Company has granted the underwriters a 30-day option, expiring on April 15, 2017, to purchase up to an additional $18 million of the 2047 Notes from the Company on the same terms and conditions. The Company expects the offering to close on March 23, 2017, subject to customary closing conditions. The 2047 Notes are expected to tr...

Mar 02, 2017 04:21 pm ET

Global Indemnity Limited Reports 2016 Financial Results

GEORGE TOWN, Cayman Islands, March 02, 2017 (GLOBE NEWSWIRE) -- Global Indemnity Limited (NASDAQ:GBLI) today reported net income for the year ended December 31, 2016 of $49.9 million or $2.84 per share. Operating income was $35.8 million for the year ended December 31, 2016. As of December 31st, book value per share was $45.42, an increase of 5.7 %, compared to book value per share of $42.98 at December 31, 2015....

Nov 03, 2016 04:13 pm ET

Global Indemnity plc Reports Third Quarter 2016 Financial Results

DUBLIN, Ireland, Nov. 03, 2016 (GLOBE NEWSWIRE) -- Global Indemnity plc (NASDAQ:GBLI) today reported net income for the nine months ended September 30, 2016 of $11.5 million or $0.66 per share and operating income of $17.3 million or $0.99 per share. As of September 30th, book value per share was $44.55, an increase of 3.7% compared to book value per share of $42.98 at December 31, 2015....

Aug 04, 2016 04:20 pm ET

Global Indemnity plc Reports Second Quarter 2016 Financial Results

DUBLIN, Ireland, Aug. 04, 2016 (GLOBE NEWSWIRE) -- Global Indemnity plc (NASDAQ:GBLI) today reported net income for the six months ended June 30, 2016 of $2.0 million or $0.11 per share and operating income of $9.1 million or $0.52 per share. As of June 30th, book value per share was $43.91, an increase of 2.2% compared to book value per share of $42.98 at December 31, 2015....

Jun 20, 2016 06:00 am ET

Global Indemnity plc Announces Proposed Redomestication to the Cayman Islands From Ireland

DUBLIN, Ireland, June 20, 2016 (GLOBE NEWSWIRE) -- Global Indemnity, plc (NASDAQ:GBLI) (the “Company”) announced today that its Board of Directors has unanimously approved a plan to re-domicile from Ireland to the Cayman Islands. The Company’s shareholders will be asked to vote in favor of completing the reorganization proposal at a special shareholders meeting. If the proposal is accepted, a Cayman Islands exempted company, Global Indemnity Limited, would replace Global Indemnity plc as the ultimate holding company of the Global Indemnity group of companies. The Company does not expect ...

May 05, 2016 04:10 pm ET

Global Indemnity plc Reports First Quarter 2016 Financial Results

DUBLIN, Ireland, May 05, 2016 (GLOBE NEWSWIRE) -- Global Indemnity plc (NASDAQ:GBLI) today reported net income for the three months ended March 31, 2016 of $7.1 million or $0.41 per share, compared to net income of $6.8 million or $0.26 per share for the same period of 2015. Operating income was $12.0 million or $0.69 per share for the three months ended March 31, 2016 compared to $8.8 million or $0.34 per share for the first quarter of 2015. As of March 31st, book value per share was $43.66, an increase of 1.6% compared to book value per share of $42.98 at December 31, 2015....

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Global Indemnity Group LLC (N:GBLI)

Business Focus: Property & Casualty Insurance