Global Indemnity Group, LLC (GBLI) Financial Statements (2025 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)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 29,293 | 54,545 | 56,366 | 178,256 | 166,349 | 307,375 | |||
| Cash and cash equivalent | 17,009 | 38,037 | 38,846 | 78,278 | 67,359 | 44,271 | |||
| Short-term investments | 12,284 | 16,508 | 17,520 | 99,978 | 98,990 | 263,104 | |||
| Total current assets: | 29,293 | 54,545 | 56,366 | 178,256 | 166,349 | 307,375 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 9,295 | 9,715 | 11,739 | 16,051 | 21,077 | 22,761 | |||
| Property, plant and equipment | 10,000 | 4,000 | |||||||
| Intangible assets, net (including goodwill) | 18,923 | 19,276 | 19,630 | 25,659 | 27,483 | 28,012 | |||
| Goodwill | 4,820 | 4,820 | 4,820 | 5,398 | 6,521 | 6,521 | |||
| Intangible assets, net (excluding goodwill) | 14,103 | 14,456 | 14,810 | 20,261 | 20,962 | 21,491 | |||
| Deferred income tax assets | 22,459 | 36,802 | 47,099 | 37,329 | 34,265 | ||||
| Total noncurrent assets: | 60,677 | 69,793 | 78,468 | 79,039 | 82,825 | 50,773 | |||
| Other undisclosed assets | 1,641,283 | 1,605,238 | 1,665,941 | 1,755,514 | 1,655,734 | 1,717,737 | |||
| TOTAL ASSETS: | 1,731,253 | 1,729,576 | 1,800,775 | 2,012,809 | 1,904,908 | 2,075,885 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,595 | ||||||||
| Accrued liabilities | 1,595 | ||||||||
| Total current liabilities: | 1,595 | ||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,042,104 | 1,079,228 | 1,174,546 | 1,306,188 | 1,186,584 | 1,349,076 | |||
| Total liabilities: | 1,042,104 | 1,080,823 | 1,174,546 | 1,306,188 | 1,186,584 | 1,349,076 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 689,149 | 648,753 | 626,229 | 706,621 | 718,324 | 726,809 | |||
| Common stock | 2 | ||||||||
| Additional paid in capital | 459,578 | 454,791 | 451,305 | 447,406 | 445,051 | 442,403 | |||
| Accumulated other comprehensive income (loss) | (10,410) | (22,863) | (43,058) | 6,404 | 34,308 | 17,609 | |||
| Retained earnings | 268,673 | 244,988 | 233,468 | 249,301 | 234,965 | 270,768 | |||
| Other undisclosed equity, attributable to parent | (28,692) | (28,163) | (15,486) | 3,510 | 4,000 | (3,973) | |||
| Total equity: | 689,149 | 648,753 | 626,229 | 706,621 | 718,324 | 726,809 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,731,253 | 1,729,576 | 1,800,775 | 2,012,809 | 1,904,908 | 2,075,885 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 441,187 | 528,129 | 628,534 | 678,268 | 583,547 | 604,472 | ||
| Premiums earned, net | 376,992 | 473,357 | 602,471 | 595,610 | 567,699 | 525,262 | ||
| Cost of revenue | (213,190) | (120,900) | (150,900) | (144,900) | (140,900) | (132,300) | ||
| Policyholder benefits and claims incurred, net | (213,190) | |||||||
| Deferred policy acquisition costs, amortization expense | (120,900) | (150,900) | (144,900) | (140,900) | (132,300) | |||
| Gross profit: | 227,997 | 407,229 | 477,634 | 533,368 | 442,647 | 472,172 | ||
| Operating expenses | (25,696) | (23,383) | (24,421) | (27,179) | (41,998) | (18,888) | ||
| Other operating expense, net (Other undisclosed Other operating expense, net) | ||||||||
| Operating income: | 202,301 | 383,846 | 453,213 | 506,189 | 400,649 | 453,284 | ||
| Nonoperating expense (Investment Income, Nonoperating) | ||||||||
| Interest and debt expense | (6,533) | (10,481) | (18,852) | (20,022) | ||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (147,345) | (350,870) | (444,709) | (462,905) | (410,908) | (351,505) | ||
| Income (loss) from continuing operations before income taxes: | 54,956 | 32,976 | 1,971 | 32,803 | (29,111) | 81,757 | ||
| Income tax expense (benefit) | (11,715) | (7,547) | (2,821) | (3,449) | 8,105 | (11,742) | ||
| Income (loss) from continuing operations: | 43,241 | 25,429 | (850) | 29,354 | (21,006) | 70,015 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 29,354 | (21,006) | 70,015 | |
| Net income (loss) attributable to parent: | 43,241 | 25,429 | (850) | 29,354 | (21,006) | 70,015 | ||
| Preferred stock dividends and other adjustments | (440) | (440) | (440) | (440) | (152) | |||
| Net income (loss) available to common stockholders, diluted: | 42,801 | 24,989 | (1,290) | 28,914 | (21,158) | 70,015 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 43,241 | 25,429 | (850) | 29,354 | (21,006) | 70,015 | ||
| Other comprehensive income (loss) | 12,453 | 20,195 | (49,462) | (27,904) | 16,699 | 38,840 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 55,694 | 45,624 | (50,312) | 1,450 | (4,307) | 108,855 | ||
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.