Global Indemnity Group Announces Quarterly Distribution

Rhea-AI Summary

Global Indemnity Group (NASDAQ:GBLI) has declared a quarterly distribution of $0.25 per common share, set to be paid on December 31, 2021. Shareholders on record by the close of business on December 20, 2021 will be eligible. This payment reflects the company's commitment to returning value to its shareholders. Global Indemnity Group operates several wholly-owned insurance subsidiaries that provide specialty property and casualty insurance and reinsurance services. For further details, visit the company’s website.

Positive

• Quarterly distribution of $0.25 per share to shareholders.
• Payment scheduled for December 31, 2021, demonstrates commitment to shareholders.

Negative

• Forward-looking statements indicate potential risks and uncertainties, particularly related to COVID-19.
• Investors warned that actual results may differ materially from forecasts.

BALA CYNWYD, PA / ACCESSWIRE / December 6, 2021 / Global Indemnity Group, LLC (NASDAQ:GBLI) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on December 31, 2021 to all shareholders of record as of the close of business on December 20, 2021.

About Global Indemnity Group, LLC and its subsidiaries

Global Indemnity Group, LLC (NASDAQ:GBLI), through its several direct and indirect wholly owned subsidiary insurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. Global Indemnity Group, LLC's four primary segments are:

• Commercial Specialty
• Specialty Property
• Farm, Ranch, & Stable
• Reinsurance

For more information, visit the Company's website at www.global-indemnity.com.

Forward-Looking Information

The forward-looking statements contained in this press release[1] do not address a number of risks and uncertainties including, COVID-19. Investors are cautioned that Global Indemnity's actual results may be materially different from the estimates expressed in, or implied, or projected by, the forward looking statements. These statements are based on estimates and information available to us at the time of this press release. All forward-looking statements in this press release are based on information available to Global Indemnity as of the date hereof. Please see Global Indemnity's filings with the Securities and Exchange Commission for a discussion of risks and uncertainties which could impact the company and for a more detailed explication regarding forward-looking statements. Global Indemnity does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

[1] Disseminated pursuant to the "safe harbor" provisions of Section 21E of the Security Exchange Act of 1934.

Contact:

Media
Stephen W. Ries
Head of Investor Relations
(610) 668-3270
sries@global-indemnity.com

SOURCE: Global Indemnity Group, LLC

View source version on accesswire.com:
https://www.accesswire.com/676036/Global-Indemnity-Group-Announces-Quarterly-Distribution

FAQ

What is the quarterly distribution announced by Global Indemnity Group (GBLI)?

Global Indemnity Group (GBLI) announced a quarterly distribution payment of $0.25 per common share.

When will the distribution payment be made to GBLI shareholders?

The distribution payment will be made on December 31, 2021.

Who is eligible for the distribution payment from Global Indemnity Group?

Shareholders of record as of the close of business on December 20, 2021, will be eligible for the distribution payment.

What are the risks associated with Global Indemnity Group's forward-looking statements?

The forward-looking statements include risks and uncertainties, including those related to COVID-19, which may affect actual results.

Where can I find more information about Global Indemnity Group's operations?

More information about Global Indemnity Group's operations can be found on their official website at www.global-indemnity.com.