Global Indemnity Group, LLC GBLI
Global Indemnity Group, LLC ("Global Indemnity" or "the Company"), is a Delaware limited liability company whose predecessors have been publicly traded since 2003. Effective after close of trading on November 3, 2025, the Company transferred the listing of its class A common shares (excluding class A common shares designated as class A-2 common shares) from the New York Stock Exchange to the Nasdaq Global Select Market where the shares continue to trade under the existing ticker symbol "GBLI".
Global Indemnity Group, LLC is a publicly traded partnership for U.S. federal income tax purposes. The Company believes that it has met, and intends to continue to meet, the qualifying income exception to maintain partnership status. As a partnership, Global Indemnity Group, LLC is generally not subject to federal income tax and most state income taxes. Each holder of class A common shares is treated as a partner in a partnership for U.S. federal income tax purposes. Shareholders must include in their taxable income their allocable share of Global Indemnity Group, LLC's items of income, gains, losses, deductions, and other items of the partnership for Global Indemnity Group, LLC's taxable year ending within or with the shareholders' taxable year, regardless of whether any cash or other distributions are made. The Company will furnish to each shareholder a schedule K-1 as soon as practical after the close of each calendar year. Income earned by the subsidiaries of Global Indemnity Group, LLC is subject to corporate tax in the United States and, therefore, is not taxable to Global Indemnity Group, LLC's shareholders until the income is distributed by the subsidiaries to Global Indemnity Group, LLC.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $450.1M | $441.2M | $528.1M | $628.5M | $678.3M | $583.5M | $604.5M | $498.9M | $485.5M | $534.5M |
| Interest expense | — | $0 | $0 | $3.0M | $10.5M | $15.8M | $20.0M | $19.7M | $16.9M | $8.9M |
| Pre-tax income | $33.3M | $55.0M | $33.0M | $2.0M | $32.8M | -$29.1M | $81.8M | -$75.9M | -$10.1M | $47.6M |
| Income tax | $8.0M | $11.7M | $7.5M | $2.8M | $3.4M | $8.1M | $11.7M | $19.2M | $499.0K | $2.2M |
| Net income | $25.3M | $43.2M | $25.4M | -$850.0K | $29.4M | -$21.0M | $70.0M | -$56.7M | -$9.6M | $49.9M |
| EPS, basic | 1.75 | 3.14 | 1.84 | -0.09 | 2.00 | -1.48 | 4.93 | -4.02 | -0.55 | 2.89 |
| EPS, diluted | 1.75 | 3.12 | 1.83 | -0.09 | 1.97 | -1.48 | 4.88 | -4.02 | -0.55 | 2.84 |
| Shares, diluted (wtd. avg.) | $14.3M | $13.7M | $13.7M | $14.5M | $14.7M | $14.3M | $14.3M | $14.1M | $17.3M | $17.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $65.5M | $17.0M | $38.0M | $38.8M | $78.3M | $67.4M | $44.3M | $99.5M | $74.4M | $75.1M |
| Goodwill | $4.8M | $4.8M | $4.8M | $4.8M | $5.4M | $6.5M | $6.5M | $6.5M | $6.5M | $6.5M |
| Other intangibles | $16.8M | $14.1M | $14.5M | $14.8M | $20.3M | $21.0M | $21.5M | $22.0M | $22.5M | $23.1M |
| Total assets | $1.72B | $1.73B | $1.73B | $1.80B | $2.01B | $1.90B | $2.08B | $1.96B | $2.00B | $1.97B |
| Long-term debt | — | — | — | $0 | $126.4M | $126.3M | $296.6M | $288.6M | $294.7M | $163.1M |
| Total liabilities | $1.01B | $1.04B | $1.08B | $1.17B | $1.31B | $1.19B | $1.35B | $1.33B | $1.28B | $1.17B |
| Retained earnings | $273.6M | $268.7M | $245.0M | $233.5M | $249.3M | $235.0M | $270.8M | $215.1M | $275.8M | $368.3M |
| Total equity | $706.6M | $689.1M | $648.8M | $626.2M | $706.6M | $718.3M | $726.8M | $629.1M | $718.4M | $798.0M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.1M | $38.8M | $42.9M | $44.2M | $90.8M | $32.7M | $32.4M | $42.1M | -$18.9M | -$19.2M |
| Stock-based compensation | $6.1M | $4.8M | $3.5M | $3.9M | $2.4M | $6.8M | $4.2M | $3.5M | $3.7M | $3.5M |
| Investing cash flow | $59.9M | -$39.5M | -$16.3M | $80.1M | -$64.5M | $174.6M | -$80.2M | $5.3M | -$29.0M | $37.0M |
| Financing cash flow | -$20.4M | -$20.4M | -$27.4M | -$163.8M | -$15.4M | -$184.2M | -$7.4M | -$22.3M | $47.2M | -$9.7M |
| Dividends paid | $20.0M | $19.4M | $14.2M | $14.4M | $14.4M | $14.3M | $14.2M | $14.0M | $0 | $0 |
| Buybacks | $0 | $529.0K | $12.7M | $22.3M | $490.0K | $153.0K | $947.0K | $1.9M | $1.2M | $805.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-191942.
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