Global Indemnity Group LLC
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
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 Statements of Changes in Shareholders’ Equity
(In thousands, except share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Number of Series A Cumulative Fixed Rate Preferred Shares | |||
| Number at beginning and end of period | 4,000 | 4,000 | 4,000 |
| Number of class A common shares issued: | |||
| Number at beginning of period | 10,876,041 | 10,574,589 | 10,263,722 |
| Common shares issued under share incentive plans, net of forfeitures | 75,541 | 50,598 | 41,508 |
| Common shares issued to directors | 91,088 | 97,260 | 83,199 |
| Share conversion | — | 153,594 | 186,160 |
| Number at end of period | 11,042,670 | 10,876,041 | 10,574,589 |
| Number of class B common shares issued: | |||
| Number at beginning of period | 3,793,612 | 3,947,206 | 4,133,366 |
| Share conversion | — | (153,594) | (186,160) |
| Number at end of period | 3,793,612 | 3,793,612 | 3,947,206 |
| Par value of Series A Cumulative Fixed Rate Preferred Shares: | |||
| Balance at beginning and end of period | $4,000 | $4,000 | $4,000 |
| Additional paid-in capital: | |||
| Balance at beginning of period | $451,305 | $447,406 | $445,051 |
| Share compensation plans | 3,486 | 3,899 | 2,355 |
| Balance at end of period | $454,791 | $451,305 | $447,406 |
| Accumulated other comprehensive income (loss), net of deferred income tax: | |||
| Balance at beginning of period | $(43,058) | $6,404 | $34,308 |
| Other comprehensive income (loss): | |||
| Change in unrealized holding gains (losses) | 20,242 | (49,476) | (27,662) |
| Unrealized foreign currency translation gains (losses) | (47) | 14 | (242) |
| Other comprehensive income (loss) | 20,195 | (49,462) | (27,904) |
| Balance at end of period | $(22,863) | $(43,058) | $6,404 |
| Retained earnings: | |||
| Balance at beginning of period | $233,468 | $249,301 | $234,965 |
| Net income (loss) | 25,429 | (850) | 29,354 |
| Preferred share distributions | (440) | (440) | (440) |
| Distributions to shareholders | (13,469) | (14,543) | (14,578) |
| Balance at end of period | $244,988 | $233,468 | $249,301 |
| Number of treasury shares: | |||
| Number at beginning of period | 802,381 | 17,496 | — |
| Class A common shares purchased | 468,860 | 923,036 | 17,318 |
| Class A common shares purchased by GBLI director | — | (138,151) | — |
| Forfeited shares | — | — | 178 |
| Number at end of period | 1,271,241 | 802,381 | 17,496 |
| Treasury shares, at cost: | |||
| Balance at beginning of period | $(19,486) | $(490) | $— |
| Class A common shares purchased, at cost | (12,677) | (22,335) | (490) |
| Class A common shares purchased by GBLI director | — | 3,339 | — |
| Balance at end of period | $(32,163) | $(19,486) | $(490) |
| Total shareholders’ equity | $648,753 | $626,229 | $706,621 |
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