Global Indemnity Group, LLC Announces Quarterly Distribution

Rhea-AI Summary

Global Indemnity Group (NYSE: GBLI) announced a quarterly distribution payment of $0.35 per common share. This payment will be made on June 28, 2024, to all shareholders of record as of the close of business on June 21, 2024.

Positive

• Quarterly distribution payment of $0.35 per common share.
• Payment date set for June 28, 2024, showing commitment to a regular payout schedule.
• Record date for shareholders is June 21, 2024, ensuring clarity and transparency for investors.

Negative

• No additional financial performance or strategic initiatives were mentioned.
• The announcement focuses solely on dividend distribution, lacking other business growth indicators.

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 June 28, 2024 to all shareholders of record as of the close of business on June 21, 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/20240606724376/en/

Media

Stephen W. Ries

Head of Investor Relations

(610) 668-3270

sries@gbli.com

Source: Global Indemnity Group, LLC

FAQ

When will GBLI pay its next quarterly distribution?

GBLI will pay its next quarterly distribution on June 28, 2024.

How much is GBLI's quarterly distribution?

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

What is the record date for GBLI's quarterly distribution?

The record date for GBLI's quarterly distribution is June 21, 2024.

What is the stock symbol for Global Indemnity Group?

The stock symbol for Global Indemnity Group is GBLI.