Global Indemnity Group, LLC GBLI

Financials SIC 6331 - Fire, Marine & Casualty Insurance NAICS Finance and Insurance › Insurance Carriers and Related Activities › Insurance Carriers › Direct Insurance (except Life, Health, and Medical) Carriers › Direct Property and Casualty Insurance Carriers derived Nasdaq

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.

Last close 24.13 2026-10-23
Market cap $347.0M estimated share count
52-week range 22.83 - 30.50

Valuation FY2025 figures against the last close

P/S0.8x
P/E13.8x
P/FCF38.3x
EV/EBITDA—
Dividend yield5.8%
Diluted EPS1.75

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Belmont Core - Segment assets
  • Agency and Insurance Services - Segment assets
  • Other
Revenue by segment, 3 categories over 1 years. The same figures are in the table below. FY2025 Belmont Core - Segment assets, FY2025: 388.4M (86.8%) 87% Belmont Core - Segment assets Agency and Insurance Services - Segment assets, FY2025: 58.5M (13.1%) 13% Other, FY2025: 484K (0.1%)
Segment FY2025
Belmont Core - Segment assets $388.4M
Agency and Insurance Services - Segment assets $58.5M
Other $484.0K

As the company reported it, from the “Summary of Business Segment Information (Detail)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 1.753.141.84-0.092.00-1.484.93-4.02-0.552.89
EPS, diluted 1.753.121.83-0.091.97-1.484.88-4.02-0.552.84
Shares, diluted (wtd. avg.) 14.3M13.7M13.7M14.5M14.7M14.3M14.3M14.1M17.3M17.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M 600M 800M Revenue, FY2016: 534.5M Net income, FY2016: 49.9M Revenue, FY2017: 485.5M Net income, FY2017: -9.6M Revenue, FY2018: 498.9M Net income, FY2018: -56.7M Revenue, FY2019: 604.5M Net income, FY2019: 70M Revenue, FY2020: 583.5M Net income, FY2020: -21M Revenue, FY2021: 678.3M Net income, FY2021: 29.4M Revenue, FY2022: 628.5M Net income, FY2022: -850K Revenue, FY2023: 528.1M Net income, FY2023: 25.4M Revenue, FY2024: 441.2M Net income, FY2024: 43.2M Revenue, FY2025: 450.1M Net income, FY2025: 25.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $534.5M $485.5M $498.9M $604.5M $583.5M $678.3M $628.5M $528.1M $441.2M $450.1M
Gross profit — — — — — — — — — —
Net income $49.9M -$9.6M -$56.7M $70.0M -$21.0M $29.4M -$850.0K $25.4M $43.2M $25.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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