Global Indemnity Limited (GBLI) financial statements (2020 and earlier)

Company profile

Business Address 27 HOSPITAL ROAD
GEORGE TOWN, KY1-9008
State of Incorp.
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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34122474756759105
Cash and cash equivalents789974756759105
Short-term investments262125     
Total current assets:34122474756759105
Noncurrent Assets
Operating lease, right-of-use asset23
Intangible assets, net (including goodwill)28292930302223
Goodwill7777755
Intangible assets, net (excluding goodwill)22222323241818
Total noncurrent assets:52292930302223
Other undisclosed assets1,6921,7071,8981,8681,8601,8491,783
TOTAL ASSETS:2,0841,9602,0021,9731,9571,9301,912
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities1,3771,3311,2831,1751,2071,0221,038
Total liabilities:1,3771,3311,2831,1751,2071,0221,038
Stockholders' equity
Stockholders' equity attributable to parent, including:707629718798750908873
Common stock0000000
Treasury stock, value      (101)
Additional paid in capital441438435430530520517
Accumulated other comprehensive income (loss)25(21)9(1)42354
Retained earnings245215276368318467404
Other undisclosed stockholders' equity attributable to parent(4)(3)(1) (102)(101) 
Total stockholders' equity:707629718798750908873
TOTAL LIABILITIES AND EQUITY:2,0841,9602,0021,9731,9571,9301,912

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues542499486535539334319
Premiums earned, net509468
Financial services revenue438468504269249
Cost of revenue (118)(109)(114)(26)(57)54
Deferred policy acquisition costs, amortization expense (118)(109)(114) (57)54
Amortization of value of business acquired (voba)    (26)  
Other undisclosed gross profit(118)      
Gross profit:424381377420513277373
Operating expenses(18)(30)(26)(17)(24)(21)4
Operating income:406351351403489256377
Nonoperating income     6537
Investment income, nonoperating     6537
Interest and debt expense(20)(20)(17)(9)(5)(1)(6)
Other undisclosed loss from continuing operations before equity method investments, income taxes(426)(407)(344)(346)(451)(249)(346)
Income (loss) from continuing operations before equity method investments, income taxes:(40)(76)(10)48337163
Income from equity method investments  553  
Income (loss) from continuing operations before income taxes:(40)(76)(5)53357163
Income tax expense (benefit)819029(8)(1)
Net income (loss):(32)(57)(5)55446362
Other undisclosed net loss attributable to parent  (5)(5)(3)  
Net income (loss) available to common stockholders, diluted:(32)(57)(10)50416362

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(32)(57)(5)55446362
Other comprehensive income (loss)49(20)10(5)(19)(31)1
Comprehensive income (loss):17(77)550253262
Other undisclosed comprehensive loss, net of tax, attributable to parent  (5)(5)(3)  
Comprehensive income (loss), net of tax, attributable to parent:17(77)045223262

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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