Global Indemnity Group Announces Quarterly Distribution

Rhea-AI Summary

Global Indemnity Group (NASDAQ:GBLI) has declared a $0.25 quarterly distribution per common share, scheduled for payment on September 30, 2021. Shareholders on record as of September 23, 2021 will receive this distribution. The company operates through several subsidiaries, providing specialty property and casualty insurance and reinsurance globally, with segments including Commercial Specialty, Specialty Property, Farm, Ranch, & Stable, and Reinsurance.

Positive

• Declaration of a quarterly distribution of $0.25 per share.
• Scheduled payment date enhances shareholder returns.

Negative

• None.

BALA CYNWYD, PA / ACCESSWIRE / September 13, 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 September 30, 2021 to all shareholders of record as of the close of business on September 23, 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 http://www.global-indemnity.com.

Forward-Looking Information

The forward-looking statements contained in this press release¹ 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:
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/663607/Global-Indemnity-Group-Announces-Quarterly-Distribution

FAQ

What is the amount of the distribution announced by Global Indemnity Group?

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

When will Global Indemnity Group's distribution be paid?

The distribution will be paid on September 30, 2021.

Who is eligible for the distribution from Global Indemnity Group?

Shareholders of record as of September 23, 2021, are eligible for the distribution.

What segments does Global Indemnity Group operate in?

Global Indemnity Group operates in Commercial Specialty, Specialty Property, Farm, Ranch, & Stable, and Reinsurance segments.