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. This payment will be made on June 30, 2022, to shareholders of record as of the close of business on June 20, 2022. The company operates through various subsidiaries, offering specialty property and casualty insurance coverages in the U.S. and worldwide reinsurance. Its four primary segments include Commercial Specialty, Reinsurance, Farm, Ranch & Equine, and Exited Lines.

Positive

• Declaration of a $0.25 per share distribution payment.
• Expected payment date aligns with shareholder interests.

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 June 30, 2022 to all shareholders of record as of the close of business on June 20, 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 segments are:

• Commercial Specialty
• Reinsurance
• Farm, Ranch, & Equine
• Exited Lines

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

Forward-Looking Information

The forward-looking statements contained in this press release^[1] 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220602005158/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 approved a distribution payment of $0.25 per common share.

When will the distribution payment be made to shareholders of GBLI?

The distribution payment will be made on June 30, 2022.

Who is eligible for the GBLI distribution payment?

Shareholders of record as of June 20, 2022, are eligible for the distribution payment.

What are the primary segments of Global Indemnity Group (GBLI)?

GBLI has four primary segments: Commercial Specialty, Reinsurance, Farm, Ranch & Equine, and Exited Lines.