Global Indemnity Group, LLC (GBLI) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments178166307224747567
Cash and cash equivalents78674499747567
Short-term investments10099263125   
Total current assets:178166307224747567
Noncurrent Assets
Operating lease, right-of-use asset162123
Intangible assets, net (including goodwill)26272829293030
Goodwill5777777
Intangible assets, net (excluding goodwill)20212122232324
Deferred income tax assets3734 
Total noncurrent assets:79835129293030
Other undisclosed assets1,7561,6561,7181,7071,8981,8681,860
TOTAL ASSETS:2,0131,9052,0761,9602,0021,9731,957
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,3061,1871,3491,3311,2831,1751,207
Total liabilities:1,3061,1871,3491,3311,2831,1751,207
Stockholders' equity
Stockholders' equity attributable to parent, including:707718727629718798750
Common stock  00000
Additional paid in capital447445442438435430530
Accumulated other comprehensive income (loss)63418(21)9(1)4
Retained earnings249235271215276368318
Other undisclosed stockholders' equity attributable to parent44(4)(3)(1) (102)
Total stockholders' equity:707718727629718798750
TOTAL LIABILITIES AND EQUITY:2,0131,9052,0761,9602,0021,9731,957

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues678584604499486535539
Premiums earned, net596568525468
Financial services revenue438468504
Cost of revenue(145)(141)(132)(118)(109)(114)(26)
Deferred policy acquisition costs, amortization expense(145)(141)(132)(118)(109)(114) 
Amortization of value of business acquired (voba)      (26)
Gross profit:533443472381377420513
Operating expenses(27)(42)(19)(30)(26)(17)(24)
Operating income:506401453351351403489
Interest and debt expense(10)(19)(20)(20)(17)(9)(5)
Other undisclosed loss from continuing operations before equity method investments, income taxes(463)(411)(352)(407)(344)(346)(451)
Income (loss) from continuing operations before equity method investments, income taxes:33(29)82(76)(10)4833
Income from equity method investments    553
Income (loss) from continuing operations before income taxes:33(29)82(76)(5)5335
Income tax expense (benefit)(3)8(12)19029
Net income (loss):29(21)70(57)(5)5544
Other undisclosed net loss attributable to parent    (5)(5)(3)
Net income (loss) attributable to parent:29(21)70(57)(10)5041
Preferred stock dividends and other adjustments(0)(0)     
Net income (loss) available to common stockholders, diluted:29(21)70(57)(10)5041

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):29(21)70(57)(5)5544
Other comprehensive income (loss)(28)1739(20)10(5)(19)
Comprehensive income (loss):1(4)109(77)55025
Other undisclosed comprehensive loss, net of tax, attributable to parent    (5)(5)(3)
Comprehensive income (loss), net of tax, attributable to parent:1(4)109(77)04522

Statements sources

The financial statements are based on the company's filings with the 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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