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 investments | 178 | 166 | 307 | 224 | 74 | 75 | 67 | ||
| Cash and cash equivalents | 78 | 67 | 44 | 99 | 74 | 75 | 67 | ||
| Short-term investments | 100 | 99 | 263 | 125 | |||||
| Total current assets: | 178 | 166 | 307 | 224 | 74 | 75 | 67 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 16 | 21 | 23 | ✕ | ✕ | ✕ | ✕ | ||
| Intangible assets, net (including goodwill) | 26 | 27 | 28 | 29 | 29 | 30 | 30 | ||
| Goodwill | 5 | 7 | 7 | 7 | 7 | 7 | 7 | ||
| Intangible assets, net (excluding goodwill) | 20 | 21 | 21 | 22 | 23 | 23 | 24 | ||
| Deferred income tax assets | 37 | 34 | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent assets: | 79 | 83 | 51 | 29 | 29 | 30 | 30 | ||
| Other undisclosed assets | 1,756 | 1,656 | 1,718 | 1,707 | 1,898 | 1,868 | 1,860 | ||
| TOTAL ASSETS: | 2,013 | 1,905 | 2,076 | 1,960 | 2,002 | 1,973 | 1,957 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,306 | 1,187 | 1,349 | 1,331 | 1,283 | 1,175 | 1,207 | ||
| Total liabilities: | 1,306 | 1,187 | 1,349 | 1,331 | 1,283 | 1,175 | 1,207 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 707 | 718 | 727 | 629 | 718 | 798 | 750 | ||
| Common stock | 0 | 0 | 0 | 0 | 0 | ||||
| Additional paid in capital | 447 | 445 | 442 | 438 | 435 | 430 | 530 | ||
| Accumulated other comprehensive income (loss) | 6 | 34 | 18 | (21) | 9 | (1) | 4 | ||
| Retained earnings | 249 | 235 | 271 | 215 | 276 | 368 | 318 | ||
| Other undisclosed stockholders' equity attributable to parent | 4 | 4 | (4) | (3) | (1) | (102) | |||
| Total stockholders' equity: | 707 | 718 | 727 | 629 | 718 | 798 | 750 | ||
| TOTAL LIABILITIES AND EQUITY: | 2,013 | 1,905 | 2,076 | 1,960 | 2,002 | 1,973 | 1,957 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 678 | 584 | 604 | 499 | 486 | 535 | 539 | |
| Premiums earned, net | 596 | 568 | 525 | 468 | ✕ | ✕ | ✕ | |
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | 438 | 468 | 504 | |
| 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: | 533 | 443 | 472 | 381 | 377 | 420 | 513 | |
| Operating expenses | (27) | (42) | (19) | (30) | (26) | (17) | (24) | |
| Operating income: | 506 | 401 | 453 | 351 | 351 | 403 | 489 | |
| 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) | 48 | 33 | |
| Income from equity method investments | 5 | 5 | 3 | |||||
| Income (loss) from continuing operations before income taxes: | 33 | (29) | 82 | (76) | (5) | 53 | 35 | |
| Income tax expense (benefit) | (3) | 8 | (12) | 19 | 0 | 2 | 9 | |
| Net income (loss): | 29 | (21) | 70 | (57) | (5) | 55 | 44 | |
| Other undisclosed net loss attributable to parent | (5) | (5) | (3) | |||||
| Net income (loss) attributable to parent: | 29 | (21) | 70 | (57) | (10) | 50 | 41 | |
| Preferred stock dividends and other adjustments | (0) | (0) | ||||||
| Net income (loss) available to common stockholders, diluted: | 29 | (21) | 70 | (57) | (10) | 50 | 41 | |
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) | 55 | 44 | |
| Other comprehensive income (loss) | (28) | 17 | 39 | (20) | 10 | (5) | (19) | |
| Comprehensive income (loss): | 1 | (4) | 109 | (77) | 5 | 50 | 25 | |
| 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) | 0 | 45 | 22 | |
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.