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MARKETS / NASDAQ / GBLI
NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Global Indemnity Group, LLC GBLI

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$450.1M
▲ 2.0% YoY
$25.3M
▼ 41.4% YoY
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
250.0M500.0M200920112013201520172019202120232025
Compound annual growth
−10.5%
−5.1%
−1.8%
+1.3%
−4.8%
−7.7%
+11.9%
+7.0%
−15.7%
+6.8%
+50.6%
+36.3%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%200920112013201520172019202120232025
ROE
FY2025 · ROE 3.6%
5%10%-5%200920112013201520172019202120232025
Gross margin—
Operating margin7.4%
Net margin5.6%
Return on assets1.5%
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
40M80M-40M-80MDividendsNet buybacks200920112013201520172019202120232025
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
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.40.50.60.70.60.60.50.50.50.50.30.30.30.40.40.4
Operating income $B0.00.10.0···0.1−0.1−0.00.0·······
EBITDA $B·················
Income tax $B0.00.00.00.00.0−0.00.0−0.0−0.0−0.0−0.00.00.0−0.00.00.00.0
Net income $B0.00.00.0−0.00.0−0.00.1−0.1−0.00.00.00.10.10.0−0.00.10.1
EPS, diluted $1.753.121.83−0.091.97−1.484.88−4.02−0.552.841.692.482.451.30−1.272.802.91
Dividend / sh $1.401.401.001.001.001.001.001.000.000.00·······
Payout %794556−169049−6820−25−00·······
ROE %3.66.54.0−0.14.1−2.910.3−8.4−1.36.45.07.17.34.2−4.39.79.1

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

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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