Global Indemnity Limited (GBLI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16630722474756759
Cash and cash equivalents67449974756759
Short-term investments99263125    
Total current assets:16630722474756759
Noncurrent Assets
Operating lease, right-of-use asset2123
Intangible assets, net (including goodwill)27282929303022
Goodwill7777775
Intangible assets, net (excluding goodwill)21212223232418
Deferred income tax assets34 
Total noncurrent assets:83512929303022
Other undisclosed assets1,6561,7181,7071,8981,8681,8601,849
TOTAL ASSETS:1,9052,0761,9602,0021,9731,9571,930
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,1871,3491,3311,2831,1751,2071,022
Total liabilities:1,1871,3491,3311,2831,1751,2071,022
Stockholders' equity
Stockholders' equity attributable to parent, including:718727629718798750908
Common stock 000000
Additional paid in capital445442438435430530520
Accumulated other comprehensive income (loss)3418(21)9(1)423
Retained earnings235271215276368318467
Other undisclosed stockholders' equity attributable to parent4(4)(3)(1) (102)(101)
Total stockholders' equity:718727629718798750908
TOTAL LIABILITIES AND EQUITY:1,9052,0761,9602,0021,9731,9571,930

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues584604499486535539334
Premiums earned, net568525468
Financial services revenue438468504269
Cost of revenue(141)(132)(118)(109)(114)(26)(57)
Deferred policy acquisition costs, amortization expense(141)(132)(118)(109)(114) (57)
Amortization of value of business acquired (voba)     (26) 
Gross profit:443472381377420513277
Operating expenses(42)(19)(30)(26)(17)(24)(21)
Operating income:401453351351403489256
Nonoperating income      65
Investment income, nonoperating      65
Interest and debt expense(19)(20)(20)(17)(9)(5)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes(411)(352)(407)(344)(346)(451)(249)
Income (loss) from continuing operations before equity method investments, income taxes:(29)82(76)(10)483371
Income from equity method investments   553 
Income (loss) from continuing operations before income taxes:(29)82(76)(5)533571
Income tax expense (benefit)8(12)19029(8)
Net income (loss):(21)70(57)(5)554463
Other undisclosed net loss attributable to parent   (5)(5)(3) 
Net income (loss) attributable to parent:(21)70(57)(10)504163
Preferred stock dividends and other adjustments(0)      
Net income (loss) available to common stockholders, diluted:(21)70(57)(10)504163

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(21)70(57)(5)554463
Other comprehensive income (loss)1739(20)10(5)(19)(31)
Comprehensive income (loss):(4)109(77)5502532
Other undisclosed comprehensive loss, net of tax, attributable to parent   (5)(5)(3) 
Comprehensive income (loss), net of tax, attributable to parent:(4)109(77)0452232

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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