Global Indemnity Group, LLC Announces Quarterly Distribution

Rhea-AI Summary

Global Indemnity Group (NYSE:GBLI) has announced that its Board of Directors approved a quarterly distribution of $0.35 per common share. The distribution will be paid on December 31, 2024, to shareholders of record as of the close of business on December 24, 2024.

Positive

• Maintaining regular quarterly dividend distribution of $0.35 per share

Negative

• None.

Insights

Financial Analyst

This quarterly distribution announcement of $0.35 per share maintains GBLI's consistent dividend policy. With a market cap of about $500 million, this distribution represents an annualized yield of approximately 4% at current share prices. The company's ability to maintain regular distributions signals stable cash flow generation from its insurance operations. However, it's worth noting that this is a routine announcement rather than an increase or change in distribution policy, indicating business-as-usual operations at Global Indemnity Group.

WILMINGTON, Del.--(BUSINESS WIRE)-- Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.35 per common share to be paid on December 31, 2024 to all shareholders of record as of the close of business on December 24, 2024.

About Global Indemnity Group, LLC and its subsidiaries

Global Indemnity Group, LLC (NYSE:GBLI), through its several direct and indirect wholly owned subsidiary insurance companies, provides both admitted and non-admitted specialty property and specialty casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. The insurance companies manage the distribution of the Company's core product offerings through Penn-America. The Company also has a Non-Core Operations segment that contains lines of business that have been de-emphasized or are no longer being written.

For more information, visit the Company’s website at www.gbli.com.

Forward-Looking Information

The forward-looking statements contained in this press release¹ do not address a number of risks and uncertainties. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241205113837/en/

Media

Stephen W. Ries

Head of Investor Relations

(610) 668-3270

sries@gbli.com

Source: Global Indemnity Group, LLC

FAQ

What is Global Indemnity Group's (GBLI) dividend payment for December 2024?

Global Indemnity Group (GBLI) will pay a dividend of $0.35 per common share on December 31, 2024.

When is the record date for GBLI's December 2024 dividend distribution?

The record date for GBLI's dividend distribution is December 24, 2024, at the close of business.

How much is GBLI's quarterly distribution per share for Q4 2024?

GBLI's quarterly distribution for Q4 2024 is $0.35 per common share.