Global Indemnity Group, LLC Announces Quarterly Distribution

Rhea-AI Summary

Global Indemnity Group (NYSE:GBLI) has announced a distribution payment of $0.25 per common share, set to be paid on October 11, 2022, to shareholders on record as of the close on October 4, 2022. This financial move reflects the company's commitment to returning value to its shareholders. Global Indemnity operates in the specialty property and casualty insurance sector across the United States and provides reinsurance worldwide through its subsidiaries.

Positive

• Distribution payment of $0.25 per share reflects shareholder value return.

Negative

• None.

BALA CYNWYD, Pa.--(BUSINESS WIRE)-- Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on October 11, 2022 to all shareholders of record as of the close of business on October 4, 2022.

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 casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. Global Indemnity Group, LLC’s four primary business units are:

• Small to Middle Market Commercial Business
• Commercial Specialty Business
• Programs
• Reinsurance

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

Forward-Looking Information

The forward-looking statements contained in this press release 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/20220923005025/en/

Media

Stephen W. Ries

Head of Investor Relations

(610) 668-3270

sries@gbli.com

Source: Global Indemnity Group, LLC

FAQ

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

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

When will the distribution payment for GBLI be paid?

The distribution payment will be paid on October 11, 2022.

What is the record date for the GBLI distribution payment?

The record date for the GBLI distribution payment is October 4, 2022.

What business areas does Global Indemnity Group (GBLI) operate in?

GBLI operates in specialty property and casualty insurance and reinsurance worldwide.