Global Indemnity Group LLC (GBLI) Financial Statements (2024 and earlier)

Company Profile

Business Address 3 BALA PLAZA EAST
BALA CYNWYD, PA 19004
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,54556,366178,256166,349307,375224,244
Cash and cash equivalents38,03738,84678,27867,35944,27199,497
Short-term investments16,50817,52099,97898,990263,104124,747
Total current assets:54,54556,366178,256166,349307,375224,244
Noncurrent Assets
Operating lease, right-of-use asset9,71511,73916,05121,07722,761
Property, plant and equipment 4,000     
Intangible assets, net (including goodwill)19,27619,63025,65927,48328,01228,541
Goodwill4,8204,8205,3986,5216,5216,521
Intangible assets, net (excluding goodwill)14,45614,81020,26120,96221,49122,020
Deferred income tax assets36,80247,09937,32934,265 
Total noncurrent assets:69,79378,46879,03982,82550,77328,541
Other undisclosed assets1,605,2381,665,9411,755,5141,655,7341,717,7371,707,481
TOTAL ASSETS:1,729,5761,800,7752,012,8091,904,9082,075,8851,960,266
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,595     
Accrued liabilities1,595     
Total current liabilities:1,595     
Noncurrent Liabilities
Other undisclosed liabilities1,079,2281,174,5461,306,1881,186,5841,349,0761,331,207
Total liabilities:1,080,8231,174,5461,306,1881,186,5841,349,0761,331,207
Equity
Equity, attributable to parent, including:648,753626,229706,621718,324726,809629,059
Common stock     22
Additional paid in capital454,791451,305447,406445,051442,403438,182
Accumulated other comprehensive income (loss)(22,863)(43,058)6,40434,30817,609(21,231)
Retained earnings244,988233,468249,301234,965270,768215,132
Other undisclosed equity, attributable to parent(28,163)(15,486)3,5104,000(3,973)(3,026)
Total equity:648,753626,229706,621718,324726,809629,059
TOTAL LIABILITIES AND EQUITY:1,729,5761,800,7752,012,8091,904,9082,075,8851,960,266

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues528,129628,534678,268583,547604,472498,938
Premiums earned, net473,357602,471595,610567,699525,262467,775
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
 (120,900)(150,900)(144,900)(140,900)(132,300)(118,000)
Other undisclosed gross profit      
Gross profit:407,229477,634533,368442,647472,172380,938
Operating expenses(23,383)(24,421)(27,179)(41,998)(18,888)(29,766)
Operating income:383,846453,213506,189400,649453,284351,172
Interest and debt expense (6,533)(10,481)(18,852)(20,022)(19,694)
Other undisclosed loss from continuing operations before equity method investments, income taxes(350,870)(444,709)(462,905)(410,908)(351,505)(407,403)
Income (loss) from continuing operations before income taxes:32,9761,97132,803(29,111)81,757(75,925)
Income tax expense (benefit)(7,547)(2,821)(3,449)8,105(11,742)19,229
Income (loss) from continuing operations:25,429(850)29,354(21,006)70,015(56,696)
Income (loss) before gain (loss) on sale of properties:29,354(21,006)70,015(56,696)
Net income (loss) attributable to parent:25,429(850)29,354(21,006)70,015(56,696)
Preferred stock dividends and other adjustments(440)(440)(440)(152)  
Net income (loss) available to common stockholders, diluted:24,989(1,290)28,914(21,158)70,015(56,696)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):25,429(850)29,354(21,006)70,015(56,696)
Other comprehensive income (loss)20,195(49,462)(27,904)16,69938,840(20,186)
Comprehensive income (loss), net of tax, attributable to parent:45,624(50,312)1,450(4,307)108,855(76,882)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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