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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments56,366178,256166,349307,375224,24474,414
Cash and cash equivalents38,84678,27867,35944,27199,49774,414
Short-term investments17,52099,97898,990263,104124,747 
Total current assets:56,366178,256166,349307,375224,24474,414
Noncurrent Assets
Operating lease, right-of-use asset11,73916,05121,07722,761
Intangible assets, net (including goodwill)19,63025,65927,48328,01228,54129,070
Goodwill4,8205,3986,5216,5216,5216,521
Intangible assets, net (excluding goodwill)14,81020,26120,96221,49122,02022,549
Deferred income tax assets47,09937,32934,265 
Total noncurrent assets:78,46879,03982,82550,77328,54129,070
Other undisclosed assets1,665,9411,755,5141,655,7341,717,7371,707,4811,898,185
TOTAL ASSETS:1,800,7752,012,8091,904,9082,075,8851,960,2662,001,669
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,174,5461,306,1881,186,5841,349,0761,331,2071,283,275
Total liabilities:1,174,5461,306,1881,186,5841,349,0761,331,2071,283,275
Equity
Equity, attributable to parent, including:626,229706,621718,324726,809629,059718,394
Common stock    222
Additional paid in capital451,305447,406445,051442,403438,182434,730
Accumulated other comprehensive income (loss)(43,058)6,40434,30817,609(21,231)8,983
Retained earnings233,468249,301234,965270,768215,132275,838
Other undisclosed equity, attributable to parent(15,486)3,5104,000(3,973)(3,026)(1,159)
Total equity:626,229706,621718,324726,809629,059718,394
TOTAL LIABILITIES AND EQUITY:1,800,7752,012,8091,904,9082,075,8851,960,2662,001,669

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues628,534678,268583,547604,472498,938485,515
Premiums earned, net602,471595,610567,699525,262467,775
Financial services revenue438,034
Cost of revenue
(Deferred Policy Acquisition Costs, Amortization Expense)
 (150,900)(144,900)(140,900)(132,300)(118,000)(109,000)
Other undisclosed gross profit      
Gross profit:477,634533,368442,647472,172380,938376,515
Operating expenses(24,421)(27,179)(41,998)(18,888)(29,766)(25,714)
Operating income:453,213506,189400,649453,284351,172350,801
Interest and debt expense(6,533)(10,481)(18,852)(20,022)(19,694)(16,906)
Other undisclosed loss from continuing operations before equity method investments, income taxes(444,709)(462,905)(410,908)(351,505)(407,403)(343,945)
Income (loss) from continuing operations before equity method investments, income taxes:1,97132,803(29,111)81,757(75,925)(10,050)
Income from equity method investments      4,741
Income (loss) from continuing operations before income taxes:1,97132,803(29,111)81,757(75,925)(5,309)
Income tax expense (benefit)(2,821)(3,449)8,105(11,742)19,229499
Income (loss) from continuing operations:(850)29,354(21,006)70,015(56,696)(4,810)
Income (loss) before gain (loss) on sale of properties:29,354(21,006)70,015(56,696)(4,810)
Net income (loss):(850)29,354(21,006)70,015(56,696)(4,810)
Other undisclosed net loss attributable to parent      (4,741)
Net income (loss) attributable to parent:(850)29,354(21,006)70,015(56,696)(9,551)
Preferred stock dividends and other adjustments(440)(440)(152)   
Net income (loss) available to common stockholders, diluted:(1,290)28,914(21,158)70,015(56,696)(9,551)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(850)29,354(21,006)70,015(56,696)(4,810)
Other comprehensive income (loss)(49,462)(27,904)16,69938,840(20,186)9,601
Comprehensive income (loss):(50,312)1,450(4,307)108,855(76,882)4,791
Other undisclosed comprehensive loss, net of tax, attributable to parent      (4,741)
Comprehensive income (loss), net of tax, attributable to parent:(50,312)1,450(4,307)108,855(76,882)50

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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