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.
Global Indemnity Group, LLC filings document the formal disclosures of a property and casualty insurance holding company whose Class A common shares trade under GBLI on the Nasdaq Global Select Market. Form 8-K reports furnish quarterly and annual financial results, earnings-call materials, underwriting measures, investment income, catastrophe-loss effects, and Regulation FD communications.
The filing record also covers proxy materials for shareholder meetings, board and governance matters, executive officer appointments and related compensation arrangements, and securities-listing changes. Form 25 materials document the voluntary withdrawal of the company’s Class A common shares from New York Stock Exchange listing and registration in connection with the move to Nasdaq.
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.
FOX SAUL A reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Saul A. Fox reported an indirect grant of 8,446 Class A Common Shares of GBLI at $28.19 per share. The award consists of 5,321 shares for board service and 3,125 shares as a tax gross-up, all held through affiliated entities.
Following the grant, Fox reports indirect ownership of 1,882,986 Class A Common Shares, 293,715 additional Class A Common Shares, and 550,000 Class A-2 Common Shares through entities including Mercury Assets Delaware LLC, Fox Mercury Investments, L.P., and Fox Paine Global, Inc. He disclaims beneficial ownership except for his indirect pecuniary interest.
Global Indemnity Group, LLC Chief Operating Officer Evan Jacob Kasowitz filed an initial ownership report showing equity-based compensation awards and share holdings. He holds options to purchase 50,000 Class A Common Shares at $30.0000 per share expiring in 2029, plus time-vested Book Value Rights tied to 9,107.5 and 8,494.5 underlying Class A shares. He also directly holds 106 Class A Common Shares and 50,000 Class A-2 Common Shares that vest upon a Change of Control.
Riley Brian Joseph reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC’s Chief Financial Officer Brian Joseph Riley received a grant of 20,000 Class A-2 Common Shares as compensation for services as an officer. The shares were granted at no cost and will vest only upon a Change of Control as defined in the award agreement.
McGeehan Thomas reported acquisition or exercise transactions in this Form 4 filing.
Global Indemnity Group, LLC director Thomas McGeehan received a grant of 20,000 Class A-2 Common Shares. The award was granted at no cash price as recognition for his services as a board member. According to the footnote, these A-2 shares vest only upon a Change of Control as defined in the award agreement.
After this grant, McGeehan directly holds 20,000 Class A-2 Common Shares and 78,851 Class A Common Shares. The filing reflects a compensation-related equity award rather than an open-market purchase or sale.
Global Indemnity Group, LLC filed an update announcing that Evan J. Kasowitz has been appointed Chief Operating Officer, becoming the company’s principal operating officer. He will continue serving as President of Belmont Holdings, which includes the company’s five statutory insurance carriers, a role he has held since March 2025.
Kasowitz has held senior roles at the company since August 2021 and previously worked at Attune Insurance and United States Liability Insurance Company. His new compensatory arrangement includes a base salary of US$700,000, a cash bonus tier equal to 100% of base salary, and an equity bonus tier equal to 100% of base salary. The company states there are no appointment-related arrangements with other persons and no family relationships with any director or executive officer.
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.