Global Indemnity Group LLC
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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FY2024 · Filed Mar 11, 2025
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, 2024 | December 31, 2023 |
|---|---|---|
| Fixed maturities: | ||
| Available for sale, at fair value (amortized cost: $1,394,639 and $1,322,092; net of allowance for expected credit losses of: $0 at December 31, 2024 and 2023) | $1,381,908 | $1,293,793 |
| Equity securities, at fair value | 12,284 | 16,508 |
| Other invested assets | 29,413 | 38,236 |
| Total investments | 1,423,605 | 1,348,537 |
| Cash and cash equivalents | 17,009 | 38,037 |
| Premium receivables, net of allowance for expected credit losses of $3,530 and $4,796 at December 31, 2024 and 2023, respectively | 75,088 | 102,158 |
| Reinsurance receivables, net of allowance for expected credit losses of $8,992 at December 31, 2024 and 2023 | 66,855 | 80,439 |
| Funds held by ceding insurers | 30,026 | 16,989 |
| Deferred federal income taxes | 22,459 | 36,802 |
| Deferred acquisition costs | 41,136 | 42,445 |
| Intangible assets | 14,103 | 14,456 |
| Goodwill | 4,820 | 4,820 |
| Prepaid reinsurance premiums | 3,320 | 4,958 |
| Receivable for securities | 52 | 3,858 |
| Federal income tax receivable | 825 | — |
| Lease right of use assets | 9,295 | 9,715 |
| Other assets | 22,660 | 26,362 |
| Total assets | $1,731,253 | $1,729,576 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Liabilities: | ||
| Unpaid losses and loss adjustment expenses | $800,391 | $850,599 |
| Unearned premiums | 183,411 | 182,852 |
| Reinsurance balances payable | 8,181 | 2,642 |
| Federal income tax payable | — | 1,595 |
| Contingent commissions | 6,826 | 5,632 |
| Lease liabilities | 10,371 | 12,733 |
| Other liabilities | 32,924 | 24,770 |
| Total liabilities | 1,042,104 | 1,080,823 |
| 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: 11,202,355 and 11,042,670, respectively; class A common shares outstanding: 9,914,587 and 9,771,429, respectively; class B common shares issued and outstanding: 3,793,612 and 3,793,612, respectively | — | — |
| Additional paid-in capital | 459,578 | 454,791 |
| Accumulated other comprehensive income (loss), net of tax | (10,410) | (22,863) |
| Retained earnings | 268,673 | 244,988 |
| Class A common shares in treasury, at cost: 1,287,768 and 1,271,241 shares, respectively | (32,692) | (32,163) |
| Total shareholders’ equity | 689,149 | 648,753 |
| Total liabilities and shareholders’ equity | $1,731,253 | $1,729,576 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.