---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-065381"
form_type: "8-K"
ticker: "GBLI"
cik: "0001494904"
company_name: "Global Indemnity Group, LLC"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T06:53:47.596860+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# GBLI reports 2022 net loss of $1.3M; adjusted op income rises to $19.5M; combined ratio improves

## Summary
- Net loss of $1.3M ($0.09 diluted loss per share) vs net income of $28.9M in 2021; adjusted operating income of $19.5M ($1.30/share) up from $14.6M.
- Consolidated combined ratio improved to 98.8% from 102.1%; Continuing Lines combined ratio 97.1%, benefiting from lower catastrophe losses ($11M vs $19.4M).
- Sold Farm, Ranch & Stable business for $30M; retained $45M capital and $40M unearned premium reserves.
- Repurchased 907,082 shares for $21.9M in Q4 2022 at avg $24.17/share; $60M buyback authorized.
- Recorded $5.5M restructuring charges in Q4 2022/Q1 2023; expects $16M annual expense savings starting 2023.

## SEC filing metadata
- accession: 0001193125-23-065381
- form_type: 8-K
- ticker: GBLI
- cik: 0001494904
- company_name: Global Indemnity Group, LLC
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1494904/000119312523065381/0001193125-23-065381-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494904/000119312523065381/d822379d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-065381
- JSON: https://secwatch.observer/filing/0001193125-23-065381.json
- Plain text: https://secwatch.observer/filing/0001193125-23-065381.txt

## Key facts
- Earnings Releases
  Global Indemnity Group, LLC reported the twelve months ended December 31, 2022 results: net income net loss available to shareholders for the twelve months ended December 31, 2022, of $1.3 million, EPS $(0.09).
  - Period: the twelve months ended December 31, 2022
  - Net income: net loss available to shareholders for the twelve months ended December 31, 2022, of $1.3 million
  - EPS: $(0.09)
  - Result: reported results
  source text: Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net loss available to shareholders for the twelve months ended December 31, 2022, of $1.3 million compared to net income available to shareholders of $28.9 million for the corresponding period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494904/000119312523065381/0001193125-23-065381-index.htm
- Earnings Releases
  Global Indemnity Group, LLC reported the twelve months ended December 31, 2021 results: net income net income available to shareholders of $28.9 million, EPS $1.97.
  - Period: the twelve months ended December 31, 2021
  - Net income: net income available to shareholders of $28.9 million
  - EPS: $1.97
  - Result: reported results
  source text: Global Indemnity Group, LLC (NYSE:GBLI) (the “Company”) today reported net loss available to shareholders for the twelve months ended December 31, 2022, of $1.3 million compared to net income available to shareholders of $28.9 million for the corresponding period in 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494904/000119312523065381/0001193125-23-065381-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.