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 Statements of Operations
(In thousands, except shares and per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenues: | |||
| Gross written premiums | $416,397 | $727,603 | $682,122 |
| Ceded written premiums | (17,078) | (136,272) | (102,054) |
| Net written premiums | 399,319 | 591,331 | 580,068 |
| Change in net unearned premiums | 74,038 | 11,140 | 15,542 |
| Net earned premiums | 473,357 | 602,471 | 595,610 |
| Net investment income | 55,444 | 27,627 | 37,020 |
| Net realized investment gains (losses) | (2,107) | (32,929) | 15,887 |
| Other income | 1,435 | 31,365 | 29,751 |
| Total revenues | 528,129 | 628,534 | 678,268 |
| Losses and Expenses: | |||
| Net losses and loss adjustment expenses | 289,153 | 359,228 | 384,964 |
| Acquisition costs and other underwriting expenses | 182,617 | 236,381 | 222,841 |
| Corporate and other operating expenses | 23,383 | 24,421 | 27,179 |
| Interest expense | — | 3,004 | 10,481 |
| Loss on extinguishment of debt | — | 3,529 | — |
| Income before income taxes | 32,976 | 1,971 | 32,803 |
| Income tax expense | 7,547 | 2,821 | 3,449 |
| Net income (loss) | 25,429 | (850) | 29,354 |
| Less: preferred stock distributions | 440 | 440 | 440 |
| Net income (loss) available to common shareholders | $24,989 | $(1,290) | $28,914 |
| Per share data: | |||
| Net income (loss) available to common shareholders (1) | |||
| Basic | $1.84 | $(0.09) | $2.00 |
| Diluted | $1.83 | $(0.09) | $1.97 |
| Weighted-average number of shares outstanding | |||
| Basic | 13,553,168 | 14,482,164 | 14,426,739 |
| Diluted | 13,666,408 | 14,482,164 | 14,664,330 |
| Cash distributions declared per common share | $1.00 | $1.00 | $1.00 |
(1)
For the year ended December 31, 2022, “weighted average shares outstanding - basic” was used to calculate “diluted earnings per share” due to a net loss for the period.
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