Global Indemnity Group LLC
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
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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.
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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
(In thousands, except share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| 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 | 11,042,670 | 10,876,041 | 10,574,589 |
| Common shares issued under share incentive plans, net of forfeitures | 65,182 | 75,541 | 50,598 |
| Common shares issued to directors | 94,503 | 91,088 | 97,260 |
| Share conversion | — | — | 153,594 |
| Number at end of period | 11,202,355 | 11,042,670 | 10,876,041 |
| Number of class B common shares issued: | |||
| Number at beginning of period | 3,793,612 | 3,793,612 | 3,947,206 |
| Share conversion | — | — | (153,594) |
| Number at end of period | 3,793,612 | 3,793,612 | 3,793,612 |
| 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 | $454,791 | $451,305 | $447,406 |
| Share compensation plans | 4,787 | 3,486 | 3,899 |
| Balance at end of period | $459,578 | $454,791 | $451,305 |
| Accumulated other comprehensive income (loss), net of deferred income tax: | |||
| Balance at beginning of period | $(22,863) | $(43,058) | $6,404 |
| Other comprehensive income (loss): | |||
| Change in unrealized holding gains (losses) | 12,510 | 20,242 | (49,476) |
| Unrealized foreign currency translation gains (losses) | (57) | (47) | 14 |
| Other comprehensive income (loss) | 12,453 | 20,195 | (49,462) |
| Balance at end of period | $(10,410) | $(22,863) | $(43,058) |
| Retained earnings: | |||
| Balance at beginning of period | $244,988 | $233,468 | $249,301 |
| Net income (loss) | 43,241 | 25,429 | (850) |
| Preferred share distributions | (440) | (440) | (440) |
| Distributions to shareholders | (19,116) | (13,469) | (14,543) |
| Balance at end of period | $268,673 | $244,988 | $233,468 |
| Number of treasury shares: | |||
| Number at beginning of period | 1,271,241 | 802,381 | 17,496 |
| Class A common shares purchased | 16,527 | 468,860 | 923,036 |
| Class A common shares purchased by GBLI director | — | — | (138,151) |
| Number at end of period | 1,287,768 | 1,271,241 | 802,381 |
| Treasury shares, at cost: | |||
| Balance at beginning of period | $(32,163) | $(19,486) | $(490) |
| Class A common shares purchased, at cost | (529) | (12,677) | (22,335) |
| Class A common shares purchased by GBLI director | — | — | 3,339 |
| Balance at end of period | $(32,692) | $(32,163) | $(19,486) |
| Total shareholders’ equity | $689,149 | $648,753 | $626,229 |
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