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 Statements of Operations
(In thousands, except shares and per share data)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Gross written premiums | $389,758 | $416,397 | $727,603 |
| Ceded written premiums | (10,568) | (17,078) | (136,272) |
| Net written premiums | 379,190 | 399,319 | 591,331 |
| Change in net unearned premiums | (2,198) | 74,038 | 11,140 |
| Net earned premiums | 376,992 | 473,357 | 602,471 |
| Net investment income | 62,375 | 55,444 | 27,627 |
| Net realized investment gains (losses) | 455 | (2,107) | (32,929) |
| Other income | 1,365 | 1,435 | 31,365 |
| Total revenues | 441,187 | 528,129 | 628,534 |
| Losses and Expenses: | |||
| Net losses and loss adjustment expenses | 213,190 | 289,153 | 359,228 |
| Acquisition costs and other underwriting expenses | 147,345 | 182,617 | 236,381 |
| Corporate and other operating expenses | 25,696 | 23,383 | 24,421 |
| Interest expense | — | — | 3,004 |
| Loss on extinguishment of debt | — | — | 3,529 |
| Income before income taxes | 54,956 | 32,976 | 1,971 |
| Income tax expense | 11,715 | 7,547 | 2,821 |
| Net income (loss) | 43,241 | 25,429 | (850) |
| Less: preferred stock distributions | 440 | 440 | 440 |
| Net income (loss) available to common shareholders | $42,801 | $24,989 | $(1,290) |
| Per share data: | |||
| Net income (loss) available to common shareholders (1) | |||
| Basic | $3.14 | $1.84 | $(0.09) |
| Diluted | $3.12 | $1.83 | $(0.09) |
| Weighted-average number of shares outstanding | |||
| Basic | 13,635,582 | 13,553,168 | 14,482,164 |
| Diluted | 13,705,715 | 13,666,408 | 14,482,164 |
| Cash distributions declared per common share | $1.40 | $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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