MARKETS / NASDAQ / Financials / Insurance / GBLI

NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Global Indemnity Group, LLC GBLI

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$450.1M

▲ 2.0% YoY

Net income

$25.3M

▼ 41.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Global Indemnity operates through Katalyx, a specialty insurance intermediary, and Belmont Holdings, which owns five statutory insurance carriers licensed in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It had 286 employees on December 31, 2025, compared to 266 employees on December 31, 2024. It has three reportable segments: Agency and Insurance Services, Belmont Insurance Companies - Core, and Belmont Insurance Companies - Non-Core. Belmont Core provides specialty property and casualty insurance products on both an admitted and non-admitted basis, targeting Main Street businesses in the E&S marketplace across more than 1,000 classes of business. Global Indemnity Group, LLC is a Delaware limited liability company whose predecessors have been publicly traded since 2003.

Written from the business description in GLOBAL INDEMNITY GROUP, LLC's annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth

USD 450.1M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 450.1 · Net income 25.3

250.0M500.0M

2009201220152018202120242025

Compound annual growth

Revenue

−10.5%

−5.1%

−1.8%

+1.3%

Net income

−4.8%

−7.7%

Dividend / share

+11.9%

+7.0%

Returned to shareholders

−15.7%

+6.8%

+50.6%

+36.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at −5.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

6 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 7.4% · Net 5.6%

10%20%-5%-10%-15%

200920172025

ROE

FY2025 · ROE 3.6%

5%10%-5%

200920172025

Three returns, three denominators.

Return on equity3.6%

Return on assets1.5%

Return on capital employedNot available: we don't have total assets or current liabilities for this period.

Gross margin·

Operating margin7.4%

Net margin5.6%

EBITDA·

Each USD of equity produced 4 cents of profit this year.

Cash & shareholders

USD 20.0M

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 20.0 · Net buybacks 0.0

30M60M-40M-80MDividendsNet buybacks

200920112013201520172019202120232025

Dividends paidUSD 20.0M

Net buybacksUSD 0.00

Share of profit79.0%

Consecutive raises·

USD 20.0M in dividends — 79% of the year's profit went back to shareholders.

Total assetsUSD 1.7B

EquityUSD 706.6M

CashUSD 65.5M

Equity funds 41% of total assets.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

GBLI, 17-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue $B	0.5	0.4	0.5	0.6	0.7	0.6	0.6	0.5	0.5	0.5	0.5	0.3	0.3	0.3	0.4	0.4	0.4
Operating income $B	0.0	0.1	0.0	◌	◌	◌	0.1	−0.1	−0.0	0.0	◌	◌	◌	◌	◌	◌	◌
EBITDA $B	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌
Income tax $B	0.0	0.0	0.0	0.0	0.0	−0.0	0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	−0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	0.0	−0.0	0.0	−0.0	0.1	−0.1	−0.0	0.0	0.0	0.1	0.1	0.0	−0.0	0.1	0.1
EPS, diluted $	1.75	3.12	1.83	−0.09	1.97	−1.48	4.88	−4.02	−0.55	2.84	1.69	2.48	2.45	1.30	−1.27	2.80	2.91
Dividend / sh $	1.40	1.40	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	◌	◌	◌	◌	◌	◌	◌
Payout %	79	45	56	−1690	49	−68	20	−25	−0	0	—	—	—	—	—	—	—
ROE %	3.6	6.5	4.0	−0.1	4.1	−2.9	10.3	−8.4	−1.3	6.4	5.0	7.1	7.3	4.2	−4.3	9.7	9.1

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

UNH · BRK-A · BRK-B · CI · ELV · CNC

Provenance

Company facts, as filed

How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of the 17 fiscal years we could check. Three checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityFire, Marine & Casualty Insurance

Listed onNASDAQ

Incorporated inDelaware

Fiscal year endsDecember 31

Data on record since2009