Form 8-K

8-K — Global Indemnity Group, LLC

Accession: 0001193125-26-205183

Filed: 2026-05-05

Period: 2026-05-05

CIK: 0001494904

SIC: 6331 (FIRE, MARINE & CASUALTY INSURANCE)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — gbli-20260505.htm (Primary)

EX-99.1 (gbli-ex99_1.htm)

GRAPHIC (img266282701_0.gif)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: gbli-20260505.htm · Sequence: 1

8-K

0001494904false00014949042026-05-052026-05-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 05, 2026

GLOBAL INDEMNITY GROUP, LLC

(Exact name of Registrant as Specified in Its Charter)

Delaware

001-34809

85-2619578

(State or Other Jurisdiction

of Incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

112 S. French Street

Suite 105

Wilmington, Delaware

19801

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s Telephone Number, Including Area Code: (302) 691-6276

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange on which registered

Class A Common Shares, no par value

GBLI

Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On May 5, 2026, Global Indemnity Group, LLC (the “Company”) issued a press release announcing the Company’s financial results for the quarter ended March 31, 2026.

The information in this Current Report on Form 8-K and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Press Release dated May 5, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Global Indemnity Group, LLC

Date: May 5, 2026

By:

/s/ Brian J. Riley

Name: Brian J. Riley

Title: Chief Financial Officer

EX-99.1

Filename: gbli-ex99_1.htm · Sequence: 2

EX-99.1

Exhibit 99.1

For Immediate Release — May 5, 2026

Global Indemnity Group, LLC Reports First Quarter 2026 Financial Results

Operating Income of $8.3 Million and Current Accident Year Combined Ratio of 94.9% Demonstrate Continued Underlying Underwriting Profitability on 5.4% Growth in Net Earned Premiums.

Wilmington, Del., (May 5, 2026) — Global Indemnity Group, LLC (Nasdaq: GBLI) (the "Company") today reported financial results for the three months ended March 31, 2026. Operating income was $8.3 million, or $0.57 per share, compared to 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 in 2025. Current accident year underwriting income increased to $5.5 million in 2026, growth of 4% over 2025 excluding the California Wildfires, with a 54.8% loss ratio and a 94.9% combined ratio. Pretax Adjusted Operating Contribution of $20.0 million and Adjusted Return on Equity of 12.5% were in line with prior year.

Highlights of Consolidated Results for the Three Months Ended March 31, 2026

As-Reported Operating Performance

•

Operating income of $8.3 million, or $0.57 per share, compared to an operating loss of $4.1 million, or ($0.30) per share, in 2025. Net income available to common shareholders of $4.1 million, or $0.29 per share, compared to a net loss of $4.1 million, or ($0.30) per share, in 2025. Both measures for 2025 included $12.2 million of after-tax loss from the January 2025 California Wildfires ("California Wildfires").

•

Calendar year combined ratio improved 16.6 points to 95.1% compared to 111.7% in 2025, driven primarily by the impact of the California Wildfires in 2025. The loss ratio remains strong at 54.8% driving underwriting income.

Operating Performance (excluding California Wildfires)

•

Current accident year underwriting income grew 4% to $5.5 million compared to $5.3 million in 2025 supported by 5.4% growth in net earned premiums to $98.4 million.

•

Current accident year combined ratio of 94.9% was in line with 94.8% in 2025 reflecting stable underlying loss experience and a stable expense ratio.

•

Operating income of $8.3 million, or $0.57 per share, compared to $8.1 million, or $0.57 per share, in 2025.

Investment Results

•

Net investment income of $12.2 million compared to $14.8 million in 2025 reflecting a $2.3 million market value decline on a single limited partnership position for which the Company expects to record a full recovery in the second quarter of 2026 and an increased allocation to U.S. Treasuries.

•

Total investment return of $6.7 million, or 1.9% annualized, compared to $19.3 million, or 5.4%, in 2025 primarily driven by mark-to-market adjustments on fixed income securities due to an increase in Treasury rates and which are expected to recover.

Premium Growth

•

Gross written premiums of $96.5 million compared to $98.7 million in 2025. Excluding terminated business in 2025, gross written premiums were down 0.7%.

Wholesale Commercial: $61.5 million, down 5.2% from $64.9 million, reflects the Company maintaining pricing and return standards amidst competitive market conditions, particularly as regards property rate reductions. Wholesale Commercial’s property rate change was flat for the first quarter of 2026.

Vacant Express: $11.5 million, up 4.9%, and Collectibles: $4.6 million, up 12.6%, driven by premium rate increases, new agency appointments, and organic growth from existing agents.

Specialty Products: $7.7 million, up 2.4% from $7.6 million, with growth from new products and existing programs more than offsetting the impact of terminated business; excluding terminated products, Specialty Products grew 21.3%.

Assumed Reinsurance: $11.2 million, compared to $10.9 million, reflecting new treaties incepting during 2025 and 2026.

Capital Position and Book Value

•

Common shareholders’ equity of $700.1 million at March 31, 2026 compared to $702.6 million at December 31, 2025; impacted by $2.6 million of unrealized losses, net of tax, within the fixed income portfolio due to an increase in Treasury rates.

•

Book value per share of $47.92 at March 31, 2026 compared to $48.96 at December 31, 2025.

•

The Company paid dividends of $5.1 million, or $0.35 per common share, during the quarter. Since its 2003 initial public offering, the Company has returned $654.6 million to shareholders, including $522.2 million in share repurchases and $132.4 million in dividends and distributions.

Selected Consolidated Operating Information for the Three Months Ended March 31,

$ in Millions, except per share data

2026

2025

Gross written premiums

96.5

98.7

Gross written premiums - Belmont Core

96.5

98.4

Investment income

12.2

14.8

Annualized investment return

1.9

5.4

Underwriting income (loss)

5.3

(10.5

)

Underwriting income (loss), current accident year

5.5

(10.3

)

Underwriting income, current accident year, excluding California Wildfires

5.5

5.3

Corporate expenses

9.0

9.5

Operating income (loss)

8.3

(4.1

)

Operating income excluding California Wildfires

8.3

8.1

Pretax adjusted operating contribution (1)

20.0

20.1

Net income (loss) available to common shareholders

4.1

(4.1

)

Net income available to common shareholders excluding California Wildfires

4.1

8.1

Adjusted return on equity, annualized, excluding California Wildfires (2)

12.5

Per Share Data:

Net income (loss) available to common shareholders per share

0.29

(0.30

)

Net income available to common shareholders per share excluding California Wildfires

0.29

0.58

Operating income (loss) per share

0.57

(0.30

)

Operating income per share excluding California Wildfires

0.57

Combined ratio:

Loss ratio

54.8

71.5

Expense ratio

40.3

40.2

Combined ratio

95.1

111.7

Combined ratio, current accident year

94.9

111.5

Combined ratio, current accident year excluding California Wildfires

94.9

94.8

(1)

Equals investment income plus underwriting income for current accident year excluding losses and loss adjustment expenses incurred from California Wildfires and market value decline on a single limited partnership position that the Company expects to record a full recovery in the second quarter of 2026.

(2)

Excludes corporate expenses, investment income on excess capital, and prior year underwriting income (loss).

Segment Income (Loss) for the Three Months Ended March 31,

$ in Millions

Agency and

Insurance

Services

Belmont Core

Belmont

Non-Core

Eliminations

Consolidated

2026

2025

2026

2025

2026

2025

2026

2025

2026

2025

Revenues:

Net earned premiums

—

98.4

92.3

—

1.0

—

98.4

93.3

Commissions and fee income

13.2

14.4

—

(12.4

)

(14.0

)

0.8

0.4

Total revenues

13.2

14.4

98.4

92.3

—

1.0

(12.4

)

(14.0

)

99.2

93.7

Losses and expenses

Net loss and loss adjustment expenses

—

54.3

66.5

—

0.5

(0.4

)

(0.3

)

53.9

66.7

Acquisition costs and other operating expenses

13.6

12.6

38.9

37.4

0.3

1.2

(12.0

)

(13.7

)

40.8

37.5

Total losses and expenses

13.6

12.6

93.2

103.9

0.3

1.7

(12.4

)

(14.0

)

94.7

104.2

Segment income (loss)

(0.4

)

1.8

5.2

(11.6

)

(0.3

)

(0.7

)

—

4.5

(10.5

)

Segment income (loss) excluding California Wildfires

(0.4

)

1.8

5.2

4.0

(0.3

)

(0.7

)

—

4.5

5.1

Segment Written Premiums for the Three Months Ended March 31,

$ in Millions

Belmont Core

Belmont Non-Core

Total

2026

2025

2026

2025

2026

2025

Gross written premiums

96.5

98.4

(0.1

)

0.3

96.5

98.7

Net written premiums

92.6

95.6

(0.1

)

0.2

92.6

95.9

Belmont Core Gross Written Premiums for the Three Months Ended March 31,

$ In Millions

2026

2025

% Change

Wholesale Commercial

61.5

64.9

(5.2%)

Vacant Express

11.5

10.9

4.9%

Collectibles

4.6

4.1

12.6%

Specialty Products

7.7

7.6

2.4%

Assumed Reinsurance

11.2

10.9

2.5%

Gross written premiums

96.5

98.4

(1.9%)

Terminated business

—

(1.2

)

Total gross written premiums, excluding terminated business

96.5

97.2

(0.7%)

Selected Consolidated Balance Sheet Data

$ and Shares in Millions, except per share data

March 31, 2026

December 31, 2025

Cash and invested assets, net

1,390.5

1,420.2

Total assets

1,680.1

1,720.8

Shareholders’ equity

704.1

706.6

Book value per share

47.92

48.96

Book value per share plus cumulative

dividends and excluding AOCI

57.52

58.04

Shares Outstanding

14.6

14.4

Change in Consolidated Common Shareholders’ Equity and Book Value per Share

$ and Shares in Millions, except per share data

Common Shareholders' Equity

Common Shares

Book Value Per Share

Balance at January 1, 2026

702.6

14.4

48.96

Net income

4.2

—

0.29

Fair value of fixed maturities

(2.6

)

—

(0.18

)

Stock compensation / share issuance

1.0

0.2

(0.80

)

Dividends

(5.1

)

—

(0.35

)

Balance at March 31, 2026

700.1

14.6

47.92

Market Value of Consolidated Investments

$ in Millions

March 31, 2026

December 31, 2025

Fixed maturities

1,323.6

1,325.5

Cash and cash equivalents

34.8

65.5

Total fixed maturities and cash and cash equivalents

1,358.4

1,391.0

Equities and other invested assets

36.6

50.8

Total cash and invested assets, gross

1,395.0

1,441.8

Payable for securities

(4.5

)

(21.6

)

Total cash and invested assets, net

1,390.5

1,420.2

Total Pre-Tax Consolidated Investment Return

Three Months Ended March 31,

$ in Millions

2026

2025

Fixed maturities

13.6

14.8

Equities

0.6

0.1

Limited partnerships

(2.0

)

(0.1

)

Net investment income

12.2

14.8

Net realized investment gains (losses)

(2.2

)

0.1

Net unrealized investment gains (losses)

(3.3

)

4.4

Net realized and unrealized investment return

(5.5

)

4.5

Total investment return

6.7

19.3

Average total cash and invested assets

1,405.4

1,436.2

Total annualized investment return %

1.9

5.4

Global Indemnity Group, LLC

Consolidated Statements of Operations for the Three Months Ended March 31,

$ and Shares in Thousands, expect per share data

(Unaudited)

2026

2025

Gross written premiums

96,450

98,675

Net written premiums

92,568

95,864

Net earned premiums

98,355

93,316

Net investment income

12,218

14,782

Net realized investment gains (losses)

(2,243

)

136

Other income

847

417

Total revenues

109,177

108,651

Net losses and loss adjustment expenses

53,861

66,738

Acquisition costs and other operating expenses

40,763

37,507

Corporate expenses

9,038

9,500

Income (loss) before income taxes

5,515

(5,094

)

Income tax expense (benefit)

1,269

(1,105

)

Net income (loss)

4,246

(3,989

)

Less: preferred stock distributions

110

Net income (loss) available to common shareholders

4,136

(4,099

)

Per share data:

Net income (loss) available to common shareholders (1)

Basic

0.29

(0.30

)

Diluted

0.29

(0.30

)

Weighted-average number of shares outstanding

Basic

14,351

13,867

Diluted

14,405

13,867

Cash distributions declared per common share

0.35

Combined ratio analysis:

Loss ratio

54.8

71.5

Expense ratio

40.3

40.2

Combined ratio

95.1

111.7

(1)

For the quarter ended March 31, 2025, “weighted average shares outstanding - basic” was used to calculate “diluted earnings per share” due to a net loss for the period.

Global Indemnity Group, LLC

Consolidated Balance Sheets

$ in Thousands

(Unaudited)

March 31, 2026

December 31, 2025

ASSETS

Fixed maturities:

Available for sale, at fair value (amortized cost: $1,331,715 and $1,330,310; net of allowance for expected credit losses of $0 at March 31, 2026 and December 31, 2025)

1,323,562

1,325,502

Equity securities, at fair value

26,409

33,673

Other invested assets

10,183

17,097

Total investments

1,360,154

1,376,272

Cash and cash equivalents

34,830

65,542

Premium receivables, net of allowance for expected credit losses of

$3,687 at March 31, 2026 and $3,640 at December 31, 2025

71,411

66,969

Reinsurance receivables, net of allowance for expected credit losses of

$1,488 at March 31, 2026 and December 31, 2025

64,416

62,595

Funds held by ceding insurers

21,979

22,114

Deferred income taxes

21,818

20,076

Deferred acquisition costs

40,226

41,183

Intangible assets

16,729

16,845

Goodwill

4,820

Prepaid reinsurance premiums

4,196

3,607

Income tax receivable

—

2,617

Lease right of use assets

7,806

8,166

Other assets

31,731

29,956

Total assets

1,680,116

1,720,762

LIABILITIES AND SHAREHOLDERS’ EQUITY

Liabilities:

Unpaid losses and loss adjustment expenses

747,143

750,191

Unearned premiums

177,530

182,728

Reinsurance balances payable

3,098

1,860

Payable for securities

4,467

21,594

Contingent commissions

2,828

7,159

Income tax payable

196

—

Lease liabilities

7,902

8,331

Other liabilities

32,842

42,309

Total liabilities

976,006

1,014,172

Shareholders’ equity:

Series A cumulative fixed rate preferred shares, $1,000 par value;

100,000,000 shares authorized, shares issued and outstanding:

4,000 and 4,000 shares, respectively, liquidation preference:

$1,000 per share and $1,000 per share, respectively

4,000

Common shares: no par value; 900,000,000 common shares

authorized; class A common shares issued: 12,103,283 and 11,844,995, respectively (inclusive of class A common shares designated as class A-2 common shares of 780,000 and 550,000, respectively); class A common shares

outstanding:10,815,515 and 10,557,227, respectively (inclusive of class A common shares designated as class A-2 common shares of 780,000 and

550,000, respectively); class B common shares issued and outstanding: 3,793,612 and 3,793,612, respectively

—

Additional paid-in capital (1)

466,723

465,720

Accumulated other comprehensive income (loss), net of tax

(6,596

)

(4,000

)

Retained earnings (1)

272,675

273,562

Class A common shares in treasury, at cost: 1,287,768 and 1,287,768 shares, respectively

(32,692

)

(32,692

)

Total shareholders’ equity

704,110

706,590

Total liabilities and shareholders’ equity

1,680,116

1,720,762

(1)

Since the Company’s initial public offering in 2003, the Company has returned $654.6 million to shareholders, including $522.2 million in share repurchases and $132.4 million in dividends/distributions.

Reconciliation of Non-GAAP Measures

Summary of Consolidated Operating Income (Loss) for the Three Months Ended March 31, (1)

$ and Shares in Millions, except per share data

2026

2025

Operating income (loss), net of tax (2)

8.3

(4.1

)

Net realized investment gains (losses), net of tax

(1.8

)

0.1

Market value decline on limited partnership investment

(2.3

)

Net income (loss)

4.2

(4.0

)

Weighted average shares outstanding – diluted

14.4

13.9

Operating income (loss) per share – diluted (3)

0.57

(0.30

)

(1)

Operating income (loss), a non-GAAP financial measure, is equal to net income (loss) excluding after-tax net realized investment gains (losses) and other unique charges not related to operations. Operating income (loss) is not a substitute for net income (loss) determined in accordance with GAAP, and investors should not place undue reliance on this measure.

(2)

Operating income (loss), net of tax, excludes preferred shareholder distributions of $0.1 million for each of the three months ended March 31, 2026 and 2025.

(3)

The operating income (loss) per share calculation is net of preferred shareholder distributions of $0.1 million for each of the three months ended March 31, 2026 and 2025.

Reconciliation of Non-GAAP Measures

Pretax Adjusted Operating Contribution for the Three Months Ended March 31,

$ in Millions

2026

2025

Investment income

12.2

14.8

Underwriting income (loss), current accident year

5.5

(10.3

)

Adjustments

California Wildfires net losses and loss adjustment expenses

—

15.6

Market value decline on limited partnership investment

2.3

—

Pretax adjusted operating contribution (1)

20.0

20.1

(1)

Pretax adjusted operating contribution, a non-GAAP financial measure, is equal to investment income plus underwriting income for current accident year excluding losses and loss adjustment expenses incurred from California Wildfires and market value decline on a single limited partnership position that the Company expects to record a full recovery in the second quarter of 2026. Pretax adjusted operating contribution is not a substitute for income (loss) before income taxes determined in accordance with GAAP, and investors should not place undue reliance on this measure.

Reconciliation of Non-GAAP Measures

Adjusted Return on Equity (ROE) for the Three Months Ended March 31,

$ in Millions

2026

2025

Income (loss) after tax (1)

Average Return on Equity (3)

Average Equity (2)

Income (loss) after tax (1)

Average Return on Equity (3)

Average Equity (2)

Operating income (loss)

8.3

4.7

705.4

(4.1

)

(2.4

)

688.1

Adjustments, net of tax

Investment income on excess capital

(2.2

)

1.1

(2.1

)

(3.2

)

Corporate expenses

6.9

6.6

7.5

6.8

California wildfires losses

12.2

11.2

Prior accident year underwriting loss

0.1

Total adjustments, net of tax

4.8

7.8

17.7

14.9

Adjusted income

13.1

12.5

418.3

13.6

12.5

435.1

(1)

Adjusted income, a non-GAAP financial measure, is equal to operating income (loss) excluding after-tax investment income on excess capital plus the after-tax impact of corporate expenses, California wildfires losses and prior accident year underwriting income (loss). Adjusted income is not a substitute for net income determined in accordance with GAAP, and investors should not place undue reliance on this measure.

(2)

Average equity is the average of the beginning and ending equity for the calendar year, adjusted for average excess capital for the calendar year.

(3)

Adjusted return on equity is equal to adjusted income divided by average equity, annualized.

Reconciliation of Non-GAAP Financial Measures and Ratios for the Three Months Ended March 31,

$ in Thousands

The following reconciles the non-GAAP financial measures or ratios, which excludes the impact of prior accident year adjustments and the California Wildfires, to its most directly comparable GAAP measure or ratio. The Company believes the non-GAAP financial measures or ratios are useful to investors when evaluating the Company's underwriting performance as trends in the Company's segments may be obscured by prior accident year adjustments and the California Wildfires. These non-GAAP financial measures or ratios should not be considered as a substitute for its most directly comparable GAAP measure or ratio and do not reflect the overall underwriting profitability of the Company.

2026

2025

Consolidated current accident year underwriting income

Underwriting income (loss) (1)

5,323

(10,512

)

Effect of prior accident year

159

184

Current accident year underwriting income (loss) (2)

5,482

(10,328

)

California Wildfires net losses and loss adjustment expenses

—

15,600

Current accident year underwriting income excluding California Wildfires (2)

5,482

5,272

Consolidated underwriting income

Underwriting income (loss) (1)

5,323

(10,512

)

California Wildfires net losses and loss adjustment expenses

—

15,600

Underwriting income excluding California Wildfires (2)

5,323

5,088

Belmont Core segment income

Belmont Core segment income (loss) (1)

5,242

(11,582

)

California Wildfires net losses and loss adjustment expenses

—

15,600

Belmont Core segment income excluding California Wildfires (2)

5,242

4,018

Consolidated segment income

Consolidated segment income (loss) (1)

4,578

(10,512

)

California Wildfires net losses and loss adjustment expenses

—

15,600

Consolidated segment income excluding California Wildfires (2)

4,578

5,088

Net income available to common shareholders

Net income (loss) available to common shareholders (1)

4,136

(4,099

)

California Wildfires net losses and loss adjustment expenses (net of tax) (3)

—

12,216

Net income available to common shareholders excluding California Wildfires (2)

4,136

8,117

Operating income

Operating income (loss) (4)

8,271

(4,105

)

California Wildfires net losses and loss adjustment expenses (net of tax) (3)

—

12,216

Operating income excluding California Wildfires (2)

8,271

8,111

Current accident year combined ratio

Combined ratio (1)

95.1

111.7

Effect of prior accident year

(0.2

Current accident year combined ratio (2)

94.9

111.5

Impact of California Wildfires

—

(16.7

Current accident year combined ratio excluding California Wildfires (2)

94.9

94.8

(1) Most directly comparable GAAP measure / ratio

(2) Non-GAAP financial measure / ratio

(3) Represents net losses and loss adjustment expenses of $15.6 million less tax benefit of $3.4 million.

(4) See previous table for reconciliation of operating income to net income which is the most directly comparable GAAP measure.

About Global Indemnity Group, LLC

Global Indemnity Group, LLC (Nasdaq: GBLI) is a publicly traded holding company with a diversified portfolio of property and casualty insurance-related entities.

Katalyx Holdings LLC includes:

•

Four agencies focused on sourcing, underwriting, and servicing primary and assumed reinsurance business: Penn-America Insurance Services, LLC; Valyn Re LLC; J.H. Ferguson & Associates, LLC (including Vacant Express); and Collectibles Insurance Services, LLC.

•

Three specialized insurance service businesses: Kaleidoscope Insurance Technologies, Inc., a developer of proprietary underwriting and policy systems supporting Katalyx’s agencies and broader digital initiatives; Sayata, an AI-enabled digital marketplace and agency for small commercial insurance; and Liberty Insurance Adjustment Agency, Inc., a provider of claims evaluation, adjustment, and related services.

Belmont Holdings GX, Inc. consists of five statutory insurance carriers, each rated “A” (Excellent) by AM Best:

Penn-America Insurance Company, United National Insurance Company, Penn-Patriot Insurance Company, Diamond State Insurance Company, and Penn-Star Insurance Company.

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

Forward-Looking Statements

The forward-looking statements in this press release are made pursuant to the “safe harbor” provisions of Section 21E of the Securities Exchange Act of 1934 and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in such statements. These statements are based on management’s current expectations and information available as of the date of this release.

Factors that could cause actual results to differ include, among others, risks related to the timing and execution of the Company’s strategy, and other operational or strategic risks. Additional details regarding these and other risks and uncertainties can be found in the Company’s filings with the Securities and Exchange Commission. Global Indemnity undertakes no obligation to update any forward-looking statements to reflect subsequent events or circumstances.

Investor / Media Contact: Scott Eckstein / Patrick Federle KCSA Strategic Communications | (212) 896-1210 | GBLI@kcsa.com

GRAPHIC

Filename: img266282701_0.gif · Sequence: 3

Binary file (5026 bytes)

Download img266282701_0.gif

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 6

v3.26.1

Document And Entity Information

May 05, 2026

Cover [Abstract]

Document Type

8-K

Amendment Flag

false

Document Period End Date

May 05, 2026

Entity Registrant Name

GLOBAL INDEMNITY GROUP, LLC

Entity Central Index Key

0001494904

Entity Emerging Growth Company

false

Entity File Number

001-34809

Entity Incorporation, State or Country Code

Entity Tax Identification Number

85-2619578

Entity Address, Address Line One

112 S. French Street

Entity Address, Address Line Two

Suite 105

Entity Address, City or Town

Wilmington

Entity Address, State or Province

Entity Address, Postal Zip Code

19801

City Area Code

(302)

Local Phone Number

691-6276

Entity Information, Former Legal or Registered Name

Not Applicable

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class A Common Shares, no par value

Trading Symbol

GBLI

Security Exchange Name

NASDAQ

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 2 such as Street or Suite number

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine2

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

Former Legal or Registered Name of an entity

+ References

No definition available.

+ Details

Name:

dei_EntityInformationFormerLegalOrRegisteredName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration