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 furnished the transcript of its 2025 earnings call, highlighting stronger underwriting performance despite earlier California wildfire losses. The fourth quarter accident year combined ratio improved to 89.3%, generating an $11 million underwriting profit versus a 96.6% ratio a year earlier.
For 2025, operating income excluding wildfire impact was $40.2 million compared to $42.9 million in 2024, while the calendar year combined ratio improved to 94.6% from 95.6%. Belmont core gross written premiums excluding terminated products grew 9% to $401 million. Management reported discretionary capital of $284 million and emphasized ongoing digital transformation, cloud migration and the Katalyx distribution build-out, noting elevated expenses but promising early platform benefits and capacity to scale without substantial staffing increases.
Global Indemnity Group, LLC (GBLI) is a Delaware insurance holding company operating as a publicly traded partnership for U.S. tax purposes, with Class A common shares listed on the Nasdaq Global Select Market. Holders receive Schedule K‑1s and are taxed on their share of partnership income.
The company completed a major internal reorganization in December 2024, creating two main platforms: Belmont Holdings, which owns five AM Best "A" rated insurance carriers, and Katalyx Holdings, a specialty intermediary with four agencies and three technology and claims service businesses. In early 2025 it realigned into three reportable segments: Agency and Insurance Services, Belmont Core, and Belmont Non-Core.
Belmont Core wrote $401.4 million of gross written premiums in 2025, focused on E&S small commercial business and assumed reinsurance, with diversified U.S. geographic exposure and no single agent over 10% of gross written premiums. Belmont Non-Core is in run-off, freeing capital to support Belmont Core growth.
The company relies heavily on reinsurance, including layered catastrophe and casualty excess-of-loss treaties and quota shares, and had $62.6 million of reinsurance receivables net of an allowance and before collateral at year-end 2025. Investments totaled $1.44 billion, predominantly short-duration, investment-grade fixed maturities, with a 1.0-year duration and 4.3% embedded book yield.
Key risks highlighted include execution of the new structure and growth strategy, adequacy of loss reserves, catastrophe and terrorism exposure, cyber and AI-related operational risks, economic downturns, reliance on AM Best ratings, and evolving regulatory, privacy, and data protection requirements.
Global Indemnity Group, LLC reported full-year 2025 results marked by a major California Wildfire loss but stronger underlying underwriting performance. Net losses from the wildfires were
Excluding wildfires, the current accident year combined ratio improved each period, reaching
Global Indemnity Group, LLC amended a Schedule 13G filing to report current beneficial ownership. Richmond Hill Investments, LLC, Essex Equity Holdings, LLC and John D. Liu state combined ownership of 3,121 Class A Common Shares, representing 0.03% of the class. The amendment notes RHILLC no longer reports shares held by a family investment vehicle. The form is signed by John D. Liu on
Essex Equity Joint Investment Vehicle, LLC reports beneficial ownership of 1,396,917 Class A common shares of Global Indemnity Group, LLC. That holding represents
Global Indemnity Group, LLC reported that one of its directors received a grant of Class A common shares as equity compensation. On December 31, 2025, the director acquired 2,054 vested Class A common shares at a price of $27.56 per share, increasing the director’s directly held stake to 73,848 shares.
The amendment explains that this total grant consists of 1,588 vested Class A common shares awarded in recognition of services as a board member and 466 vested Class A common shares granted as a tax gross-up. All reported holdings are shown as directly owned.
Global Indemnity Group, LLCJoseph W. Brown received a grant of stock options on January 2, 2026. He was awarded options to purchase 50,000 Class A Common Shares at an exercise price of $28.74 per share, granted under his Chief Executive Officer Agreement and the company’s 2023 Share Incentive Plan. These options vest 100% on December 31, 2028 and, once vested, are exercisable for seven years from the grant date, through January 2, 2033. Following this grant, Brown directly holds 500,000 derivative securities (stock options) tied to the company’s Class A Common Shares.
Global Indemnity Group, LLC (GBLI) disclosed that its Chief Executive Officer and Director purchased additional company stock. On 11/25/2025, the reporting person bought 5,000 Class A common shares in an open market transaction coded as a purchase. The shares were acquired at a weighted average price of $25.98 per share, with individual trade prices ranging from $25.94 to $26.00. After this transaction, the reporting person beneficially owns 179,904 Class A common shares, held directly. The filing notes that full trade-by-trade price details are available upon request from GBLI, its security holders, or the SEC staff.
Hotchkis and Wiley Capital Management, LLC filed an amended Schedule 13G reporting beneficial ownership of 974,233 Class A common shares of Global Indemnity Group, LLC (GBLI), representing 9.28% of the class.
HWCM reports sole voting power over 865,905 shares and sole dispositive power over 974,233 shares. The shares are owned of record by HWCM’s clients, and the filing certifies the holdings were acquired and are held in the ordinary course and not for the purpose of changing or influencing control.
Global Indemnity Group, LLC (GBLI)