Global Indemnity Group, LLC Announces Quarterly Distribution

Rhea-AI Summary

Global Indemnity Group (NYSE:GBLI) announced a quarterly distribution payment of $0.25 per common share. The payment will be made on March 31, 2022, to shareholders recorded as of the close of business on March 21, 2022. The company, through its subsidiaries, provides specialty property and casualty insurance in the U.S. and reinsurance worldwide across four primary segments: Commercial Specialty, Specialty Property, Farm, Ranch, & Stable, and Reinsurance Operations.

Positive

• Quarterly distribution of $0.25 per common share.
• Payment date set for March 31, 2022, promoting shareholder value.
• Diverse business segments enhance strategic positioning.

Negative

• None.

BALA CYNWYD, PA / ACCESSWIRE / March 3, 2022 / 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, 2022 to all shareholders of record as of the close of business on March 21, 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 specialty 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
• Specialty Property
• Farm, Ranch, & Stable
• Reinsurance Operations

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.

CONTACT:

Media
Stephen W. Ries
Head of Investor Relations
(610) 668-3270
sries@gbli.com

SOURCE: Global Indemnity Group, LLC

View source version on accesswire.com:
https://www.accesswire.com/691312/Global-Indemnity-Group-LLC-Announces-Quarterly-Distribution

FAQ

What is the distribution payment announced by Global Indemnity Group?

Global Indemnity Group announced a quarterly 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 March 31, 2022.

What is the record date for the distribution payment from GBLI?

The record date for the distribution payment is March 21, 2022.

What business segments does Global Indemnity Group operate in?

Global Indemnity Group operates in Commercial Specialty, Specialty Property, Farm, Ranch & Stable, and Reinsurance Operations.