---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-273021"
form_type: "8-K"
ticker: "GBLI"
cik: "0001494904"
company_name: "Global Indemnity Group, LLC"
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:14:51.654603+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Global Indemnity Q3 net income drops to $7.6M; combined ratio 99.7% vs 97.2%

## Summary
- Net income $7.6M ($0.55/sh) vs $23.6M ($1.60) in Q3 2022, which included $16.5M gain from Farm, Ranch, & Stable renewal rights.
- Gross written premiums $98.9M, down 44% from $175.8M due to planned exit of certain lines; Package Specialty E&S grew 6.1% to $53.5M.
- Combined ratio worsened to 99.7% from 97.2%; underwriting income $0.7M vs $4.6M.
- Net investment income rose 69% to $14.2M from $8.4M, driven by fixed-income book yield increase to 4.0%.
- Book value per share increased 3.1% to $46.27 from $44.87 at year-end 2022.

## SEC filing metadata
- accession: 0001193125-23-273021
- form_type: 8-K
- ticker: GBLI
- cik: 0001494904
- company_name: Global Indemnity Group, LLC
- filed_at: 2023-11-08T23:59:59+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/1494904/000119312523273021/0001193125-23-273021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1494904/000119312523273021/d589150d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-273021
- JSON: https://secwatch.observer/filing/0001193125-23-273021.json
- Plain text: https://secwatch.observer/filing/0001193125-23-273021.txt

## Key facts
- Earnings Releases
  Global Indemnity Group, LLC reported the nine months ended September 30, 2023 results: revenue $380.9, net income $19.2, EPS $1.39.
  - Period: the nine months ended September 30, 2023
  - Revenue: $380.9
  - Net income: $19.2
  - EPS: $1.39
  - Result: reported results
  source text: September 30, 2023 2022 2023 2022 Gross Written Premiums $ 98.9 $ 175.8 $ 332.0 $ 563.6 Net Written Premiums $ 95.6 $ 142.8 $ 317.5 $ 469.5 Net Earned Premiums $ 111.7 $ 153.6 $ 380.9 $ 458.2 Net income (loss) available to shareholders $ 7.6 $ 23.6 $ 19.2 $ (3.5 ) Net income (loss) available to shareholders per share $ 0.55 $ 1.60 $ 1.39 $ (0.24 ) Combined
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494904/000119312523273021/0001193125-23-273021-index.htm
- Earnings Releases
  Global Indemnity Group, LLC reported the three months ended September 30, 2023 results: revenue $111.7, net income $7.6, EPS $0.55.
  - Period: the three months ended September 30, 2023
  - Revenue: $111.7
  - Net income: $7.6
  - EPS: $0.55
  - Result: reported results
  source text: Months Ended September 30, 2023 2022 2023 2022 Gross Written Premiums $ 98.9 $ 175.8 $ 332.0 $ 563.6 Net Written Premiums $ 95.6 $ 142.8 $ 317.5 $ 469.5 Net Earned Premiums $ 111.7 $ 153.6 $ 380.9 $ 458.2 Net income (loss) available to shareholders $ 7.6 $ 23.6 $ 19.2 $ (3.5 ) Net income (loss) available to shareholders per share $ 0.55 $ 1.60 $ 1.39 $ (0.24
  evidence_url: https://www.sec.gov/Archives/edgar/data/1494904/000119312523273021/0001193125-23-273021-index.htm

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