Global Indemnity Group, LLC
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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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.
FY2025 · Filed Mar 10, 2026
GBLI$21.95-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statem ents of Cash Flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income | $25,333 | $43,241 | $25,429 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Amortization and depreciation | 5,662 | 5,764 | 6,199 |
| Adjustment on lease right of use assets and lease liability | 234 | (917) | — |
| Impairment loss on furniture and fixtures and leasehold improvements | — | 394 | — |
| Restricted stock and stock option expense | 6,142 | 4,787 | 3,486 |
| Deferred income taxes | 751 | 11,300 | 5,326 |
| Amortization of bond premium and discount, net | 11,709 | (15,656) | (6,749) |
| Net realized investment (gains) losses | 3,668 | (455) | 2,107 |
| (Income) loss from equity method investments, net of distributions | 309 | (80) | (2,369) |
| Changes in: | |||
| Premium receivables, net | 12,453 | 27,070 | 66,585 |
| Reinsurance receivables, net | 4,260 | 13,584 | 5,282 |
| Funds held by ceding insurers | 8,030 | (13,109) | 2,142 |
| Unpaid losses and loss adjustment expenses | (50,200) | (50,208) | 18,195 |
| Unearned premiums | (683) | 559 | (86,501) |
| Reinsurance balances payable | (6,321) | 5,539 | (14,599) |
| Other assets and liabilities | (10,489) | 5,301 | (14,970) |
| Contingent commissions | 333 | 1,194 | (3,184) |
| Income tax receivable / payable | (1,792) | (2,420) | 1,595 |
| Deferred acquisition costs | (47) | 1,309 | 22,449 |
| Prepaid reinsurance premiums | (287) | 1,638 | 12,463 |
| Net cash provided by operating activities | 9,065 | 38,835 | 42,886 |
| Cash flows from investing activities: | |||
| Proceeds from sale of fixed maturities | 258,007 | 112,507 | 148,164 |
| Proceeds from sale of equity securities | — | — | 1,158 |
| Proceeds from maturity of fixed maturities | 2,303,096 | 973,523 | 280,115 |
| Proceeds from maturity of preferred stock | — | 5,534 | 500 |
| Proceeds from other invested assets | 12,007 | 8,902 | 2,309 |
| Purchases of fixed maturities | (2,486,869) | (1,139,971) | (448,465) |
| Purchases of equity securities | (25,024) | — | (111) |
| Acquisition of business, net of cash acquired | (1,305) | — | — |
| Net cash provided by (used for) investing activities | 59,912 | (39,505) | (16,330) |
| Cash flows from financing activities: | |||
| Distributions paid to common shareholders | (20,004) | (19,389) | (14,248) |
| Distributions paid to preferred shareholders | (440) | (440) | (440) |
| Purchases of class A common shares | — | (529) | (12,677) |
| Net cash used for financing activities | (20,444) | (20,358) | (27,365) |
| Net change in cash and cash equivalents | 48,533 | (21,028) | (809) |
| Cash and cash equivalents at beginning of period | 17,009 | 38,037 | 38,846 |
| Cash and cash equivalents at end of period | $65,542 | $17,009 | $38,037 |
| Supplemental disclosure of cash flow information: | |||
| Interest paid | — | 17 | — |
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