Global Indemnity Group, LLC Announces Quarterly Distribution

Rhea-AI Summary

Global Indemnity Group (NYSE:GBLI) announced a $0.25 per share distribution to its common shareholders. The payment is scheduled for March 31, 2023, with a record date of March 24, 2023. GBLI operates in specialty property and casualty insurance through various subsidiaries, focusing on both admitted and non-admitted coverages in the United States and offering reinsurance worldwide. The company emphasizes the risks and uncertainties in their forward-looking statements, advising investors to review SEC filings for detailed discussions regarding potential risks.

Positive

• Distribution of $0.25 per share enhances shareholder value.
• Scheduled payment date on March 31, 2023.

Negative

• Risks and uncertainties highlighted in forward-looking statements may affect actual performance.

WILMINGTON, Del.--(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 March 31, 2023 to all shareholders of record as of the close of business on March 24, 2023.

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 through its United National/Penn-America Binding & Programs Unit and its InsurTech Unit, as well as reinsurance worldwide.

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/20230302005041/en/

Media

Stephen W. Ries

Head of Investor Relations

(610) 668-3270

sries@gbli.com

Source: Global Indemnity Group, LLC

FAQ

What is the dividend amount for GBLI shareholders?

Global Indemnity Group announced a dividend distribution of $0.25 per share.

When will the dividend be paid to GBLI shareholders?

The dividend will be paid on March 31, 2023.

What is the record date for the GBLI dividend?

The record date for the GBLI dividend is March 24, 2023.

What type of insurance does Global Indemnity Group provide?

Global Indemnity Group provides specialty property and casualty insurance in the United States and reinsurance worldwide.