Welcome to our dedicated page for Global Indemnity Group SEC filings (Ticker: GBLI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page presents U.S. Securities and Exchange Commission (SEC) filings for Global Indemnity Group, LLC (GBLI), a holding company for specialty property and casualty insurance and reinsurance businesses. Through these filings, investors can review how the company reports its financial condition, segment performance, capital structure, and material corporate events.
Key documents on this page include periodic reports such as Forms 10-K and 10-Q, which provide consolidated financial statements, segment disclosures for Agency and Insurance Services, Belmont Core, and Belmont Non-Core, and details on underwriting results, investment income, and combined ratios. For a specialty insurance group with multiple carriers and managing general agencies, these filings help clarify how written and earned premiums, losses, expenses, and corporate costs flow through to net income and shareholders’ equity.
Current reports on Form 8-K are also important for GBLI. Recent 8-K filings have furnished press releases announcing quarterly financial results, the launch of a reinsurance managing general agency within Penn-America Underwriters, LLC, the acquisition of Sayata, and the planned transfer of the listing of the company’s Class A Common Shares from the New York Stock Exchange to the Nasdaq Global Select Market. These filings document material events and strategic actions as they occur.
In addition, this page includes Form 25 relating to the voluntary removal of GBLI’s Class A Common Shares from listing and registration on the New York Stock Exchange under SEC Rule 12d2-2(c). That filing confirms the company’s compliance with the exchange’s rules and SEC requirements for a voluntary withdrawal from that market.
Stock Titan enhances access to these filings with AI-powered summaries that explain complex sections in clearer language. Users can quickly see the main points of lengthy annual and quarterly reports, understand the implications of 8-K disclosures, and track listing-related filings such as Form 25, while still having direct access to the full original documents from EDGAR.
Global Indemnity Group, LLC returned to profitability in Q1 2026, reporting net income of $4.2M, or $0.29 per diluted share, compared with a net loss of $4.0M a year earlier. Net earned premiums rose 5.4% to $98.4M, while the combined ratio improved sharply to 95.1% from 111.7%, largely because 2025 results were hit by California wildfire losses.
Gross written premiums were stable at $96.5M, with growth in specialty and collectibles partially offset by softer wholesale commercial property pricing. Net investment income declined to $12.2M from $14.8M, mainly due to losses in limited partnership investments and a higher allocation to U.S. Treasuries.
Total assets were $1.68B and shareholders’ equity was $704.1M, with no debt. Book value per common share slipped to $47.92 from $48.96, reflecting market-driven investment losses and common distributions of $0.35 per share in the quarter.
Global Indemnity Group, LLC reported a solid turnaround for the quarter ended March 31, 2026. Operating income was $8.3 million, or $0.57 per share, versus an operating loss of $4.1 million, or ($0.30) per share, in 2025. Net income available to common shareholders was $4.1 million, or $0.29 per share, compared to a net loss of $4.1 million, or ($0.30) per share, a year earlier.
The calendar year combined ratio improved to 95.1% from 111.7%, mainly because 2025 included losses from the California Wildfires, while the current accident year combined ratio held essentially flat at 94.9% versus 94.8%. On an underlying basis excluding the wildfires, operating income was $8.3 million versus $8.1 million and pretax adjusted operating contribution was $20.0 million versus $20.1 million, showing stable core performance.
Net investment income decreased to $12.2 million from $14.8 million, reflecting a $2.3 million market value decline on a single limited partnership and mark-to-market losses from higher Treasury rates. Gross written premiums were $96.5 million compared to $98.7 million, with mixed trends across lines but growth in Vacant Express, Collectibles, Specialty Products (excluding terminated business) and Assumed Reinsurance. Common shareholders’ equity was $700.1 million and book value per share was $47.92, down from $48.96 after unrealized bond losses and payment of a $0.35 per-share dividend.
Global Indemnity Group, LLC will hold its 2026 annual shareholder meeting virtually on June 10, 2026, at 12:00 p.m. Eastern. Shareholders of record as of April 13, 2026 may vote on electing one director, ratifying Ernst & Young LLP as auditor for 2026, and approving a non-binding advisory vote on executive compensation.
The company is a Nasdaq-listed property & casualty insurance holding company with $1.7 billion in assets, including a $1.4 billion investment portfolio, and no debt. Class A shares carry one vote and Class B shares ten votes, with Fox Paine-related entities holding 100% of Class B and about 83% of total voting power.
CEO Joseph W. Brown received 2025 compensation of $4.0 million, including $1.0 million salary, a $2.5 million cash bonus, and options on 50,000 Class A shares at $36.25. CFO Brian J. Riley earned $765,783, including salary, a performance-based cash bonus, and book value rights. Ernst & Young billed total 2025 fees of $2.70 million across audit, audit-related, tax, and other services, all pre-approved by the Audit Committee.
Riley Brian Joseph reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC reported that Chief Financial Officer Brian Joseph Riley received grants of Book Value Rights, or BVRs, as compensation for services as an officer. These derivative awards give a contingent right to cash or an equivalent value in Class A common shares, indexed to Belmont Holdings GX, Inc.’s equity.
One time-vested BVR award vests in three tranches of 33%, 33%, and 34% on specified March 2026–2028 dates, and another award follows the same 33%, 33%, 34% pattern on March 2027–2029 dates, subject to the terms of the Notice of Book Value Rights Grant.
McGeehan Thomas reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Thomas McGeehan received equity compensation in the form of common shares. He was granted 4,212 vested Class A Common Shares at $28.19 per share in recognition of his services as a board member. Following this grant, he directly holds 83,063 Class A Common Shares. He was also awarded Class A-2 Common Shares that vest only upon a defined Change of Control, and he directly holds 20,000 Class A-2 Common Shares after these awards.
Murgio Jason Colt reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Jason Colt Murgio received a grant of 2,661 Class A Common Shares. The shares were granted at $28.19 per share as compensation for services rendered as a board member, bringing his direct holdings to 8,520 Class A Common Shares.
Karlinsky Fred Evan reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Karlinsky Fred Evan received an award of 3,325 Class A Common Shares. The shares were granted on March 31, 2026 at $28.19 per share in recognition of his services as a board member. Following this compensation-related grant, he directly holds 25,251 Class A Common Shares.
Gersch Seth reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Seth Gersch received an equity grant of 5,630 Class A Common Shares. The shares were valued at $28.19 per share and were awarded as compensation rather than purchased on the open market.
The grant consists of 3,547 vested Class A Common Shares in recognition of his services as a board member and 2,083 additional vested shares as a tax gross-up. Following this grant, Gersch directly holds 262,685 Class A Common Shares.
Global Indemnity Group, LLC director Bruce R. Lederman increased his direct holdings of Class A Common Shares through a mix of compensation and purchases. On 2026-03-31, he acquired 4,014 shares at $28.19 per share, including vested shares granted for board services and a tax gross-up, as well as shares from dividend reinvestment. Earlier, on 2025-06-27, he bought 503.37 shares in an open-market transaction at $32.78 per share. Following the most recent acquisition, he directly owns 78,365.37 Class A Common Shares.