Global Indemnity Group LLC
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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FY2023 · Filed Mar 15, 2024
GBLI$22.27+2.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share amounts)
| ASSETS | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Fixed maturities: | ||
| Available for sale, at fair value (amortized cost: $1,322,092 and $1,301,723; net of allowance for expected credit losses of: $0 at December 31, 2023 and 2022 | $1,293,793 | $1,248,198 |
| Equity securities, at fair value | 16,508 | 17,520 |
| Other invested assets | 38,236 | 38,176 |
| Total investments | 1,348,537 | 1,303,894 |
| Cash and cash equivalents | 38,037 | 38,846 |
| Premium receivables, net of allowance for expected credit losses of $4,796 and $3,322 at December 31, 2023 and 2022, respectively | 102,158 | 168,743 |
| Reinsurance receivables, net of allowance for expected credit losses of $8,992 at December 31, 2023 and 2022 | 80,439 | 85,721 |
| Funds held by ceding insurers | 16,989 | 19,191 |
| Deferred federal income taxes | 36,802 | 47,099 |
| Deferred acquisition costs | 42,445 | 64,894 |
| Intangible assets | 14,456 | 14,810 |
| Goodwill | 4,820 | 4,820 |
| Prepaid reinsurance premiums | 4,958 | 17,421 |
| Receivable for securities sold | 3,858 | — |
| Lease right of use assets | 9,715 | 11,739 |
| Other assets | 26,362 | 23,597 |
| Total assets | $1,729,576 | $1,800,775 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities: | ||
| Unpaid losses and loss adjustment expenses | $850,599 | $832,404 |
| Unearned premiums | 182,852 | 269,353 |
| Ceded balances payable | 2,642 | 17,241 |
| Payable for securities purchased | — | 66 |
| Federal income tax payable | 1,595 | — |
| Contingent commissions | 5,632 | 8,816 |
| Lease liabilities | 12,733 | 15,701 |
| Other liabilities | 24,770 | 30,965 |
| Total liabilities | 1,080,823 | 1,174,546 |
| Commitments and contingencies (Note 17) | — | — |
| Shareholders’ equity: | ||
| Series A cumulative fixed rate preferred shares, $1,000 par value; 100,000,000 shares authorized, shares issued and outstanding: 4,000 and 4,000 shares, respectively, liquidation preference: $1,000 per share and $1,000 per share, respectively | 4,000 | 4,000 |
| Common shares: no par value; 900,000,000 common shares authorized; class A common shares issued: 11,042,670 and 10,876,041, respectively; class A common shares outstanding: 9,771,429 and 10,073,660, respectively; class B common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | — | — |
| Additional paid-in capital | 454,791 | 451,305 |
| Accumulated other comprehensive income (loss), net of tax | (22,863) | (43,058) |
| Retained earnings | 244,988 | 233,468 |
| Class A common shares in treasury, at cost: 1,271,241 and 802,381 shares, respectively | (32,163) | (19,486) |
| Total shareholders’ equity | 648,753 | 626,229 |
| Total liabilities and shareholders’ equity | $1,729,576 | $1,800,775 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.