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Shareholders re-elect Seth Gersch, ratify auditors, approve say-on-pay at 2026 AGM
Seth J. Gersch re-elected director with 41,885,325 votes for, 640,260 against, 897,550 broker non-votes.
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GBLI appoints Michele Colucci, founder of DigitalDx Ventures, to Board
Board expanded from 7 to 8 members; Colucci appointed as Designated Director by Class B Majority Shareholder (Fox Paine Entities).
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Global Indemnity reports Q1 operating income $8.3M; combined ratio 94.9% on 5.4% premium growth
Operating income $8.3M ($0.57/share) vs operating loss $4.1M ($0.30) in Q1 2025, excluding $12.2M CA wildfire hit.
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Global Indemnity appoints Evan J. Kasowitz as COO; base salary $700K
Evan J. Kasowitz, 36, appointed Chief Operating Officer effective March 20, 2026.
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Global Indemnity announces FY2025 results; transcript lacks specific financials
Company filed 8-K reporting FY2025 results; press release and conference call held March 10, 2026.
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Global Indemnity FY2025 net income $24.9M ($1.75/sh), down 42%; underlying combined ratio improves to 92.2%
Net income available to common shareholders $24.9M ($1.75 diluted EPS), down from $42.8M ($3.12) in 2024.
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Global Indemnity reappoints six designated directors for 2026; board unchanged
Saul A. Fox, Joseph W. Brown, Fred E. Karlinsky, Bruce R. Lederman, Thomas M. McGeehan, and Jason C. Murgio reappointed for term through Dec 31, 2026.
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Global Indemnity Q3 2025: Operating income rises 19% to $15.7M; underwriting income +54%
Operating income up 19% to $15.7M ($1.08/sh) from $13.2M ($0.95) in Q3 2024; net income $12.4M ($0.86).
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Global Indemnity transfers stock listing from NYSE to Nasdaq; GBLI to trade on Nasdaq from Nov 4
NYSE trading of GBLI ends at market close on November 3, 2025; Nasdaq trading begins November 4, 2025 under same ticker.
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GBLI subsidiary Penn-America launches reinsurance MGA with George Dragonetti as President
Penn-America Underwriters (PAU) launches its inaugural reinsurance MGA in partnership with veteran exec George Dragonetti.
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Global Indemnity subsidiary Penn-America acquires Sayata, AI-enabled commercial insurance marketplace
Acquisition of Sayata, an AI-enabled digital distribution marketplace for commercial insurance, completed by Penn-America Underwriters.
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Underwriting income jumps 61%, net income $10.2M in Q2 2025 for Global Indemnity
Net income $10.2M ($0.71 diluted EPS) vs $10.0M ($0.73) YoY; underwriting income $5.6M, +61% from $3.5M.
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Global Indemnity shareholders elect director Seth Gersch and ratify auditors at 2025 annual meeting
Seth J. Gersch elected to Board with 44,346,938 votes for, 1,979,535 against, 1,203 abstain, and 928,086 broker non-votes.
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Jason C. Murgio appointed to Global Indemnity board effective June 4, 2025
Mr. Murgio is CEO of Merger & Acquisition Services, an insurance advisory firm.
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Global Indemnity Q1 net loss $4.1M ($0.30/sh) on $12.2M California wildfire charge
Net loss $4.1M ($0.30 diluted EPS) vs net income $11.3M ($0.82) a year ago; includes $12.2M after-tax wildfire charge.
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Global Indemnity reports 71% increase in FY2024 net income to $42.8M
Net income available to common shareholders $42.8M ($3.12 diluted EPS) vs $25.0M ($1.83) in 2023.
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GBLI: Stephen W. Ries steps down as SVP, Senior Counsel & Head of IR, effective Feb 28
Stephen W. Ries departed as SVP, Senior Counsel & Head of IR, effective February 28, 2025.
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Global Indemnity completes 'Project Manifest' reorganization, restructures board and authorizes new share class
Board resignations effective Jan 16, 2025; five new Designated Directors appointed Jan 17 including Saul Fox, Joseph Brown, Fred Karlinsky, Bruce Lederman, Thomas McGeehan.
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Global Indemnity Chief Actuary Thomas Gibbons to retire Dec 31, 2024
Thomas Gibbons, Chief Actuary at GBLI, will retire effective December 31, 2024.
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Global Indemnity nine-month net income up 77% to $33.9M; book value up 7.1%
Q3 net income $12.7M ($0.92 diluted EPS) vs $7.6M; nine-month net income $33.9M ($2.48 EPS), up 77%.
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Global Indemnity Q2 net income up 83% to $21.2M; AM Best affirms A rating
Net income available to shareholders $21.2M ($1.55/diluted share) for H1 2024, up 83% from $11.6M ($0.84) in H1 2023.
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Director Jason B. Hurwitz resigns from Global Indemnity Board; McGeehan named Investment Committee Chair
Jason B. Hurwitz resigned from GBLI Board effective July 29, 2024; no disagreement cited.
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Global Indemnity shareholders elect director Seth J. Gersch and ratify auditors at 2024 annual meeting
Seth J. Gersch elected to Board with 44,472,335 votes for and 1,184,104 against.
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GBLI Q1 net income jumps to $11.3M from $2.4M; combined ratio improves to 94.9%
EPS diluted $0.82 vs $0.17 YoY; adjusted operating income $10.7M vs $3.7M.
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Global Indemnity posts $25M net income in 2023; adj. EPS $1.96, up 125%; dividend raised 40%
Net income available to shareholders $25.0M vs net loss $1.3M in 2022; diluted EPS $1.83 vs ($0.09).
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CFO Thomas M. McGeehan to retire March 31, 2024; Brian Riley named successor
Thomas M. McGeehan, CFO since 2008, to retire effective March 31, 2024 and will join GBLI's Board of Directors.
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Global Indemnity Group enters new CEO agreement with Joseph Brown through 2028
Minimum annual base salary of $1,000,000 and minimum annual bonus opportunity of $2,000,000.
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President of Insurance Operations Jonathan Oltman departs GBLI, signs separation agreement with $487,500 severance
Jonathan Oltman separated as President of Insurance Operations effective Dec 31, 2023; severance of $487,500 over 9 months.
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GBLI President Jonathan Oltman departs as employment terms expire Dec 31, 2023
Jonathan E. Oltman, President – Insurance Operations, departed Global Indemnity Group effective December 31, 2023.
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Fred Karlinsky appointed to GBLI Board of Directors effective December 5, 2023
Fred Karlinsky joined GBLI Board effective Dec 5, 2023, appointed under Class B Majority Shareholder's rights.
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GBLI declares $0.25 per share quarterly distribution payable Dec 29, 2023
Distribution of $0.25 per common share declared by Board of Directors.
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Global Indemnity Q3 net income drops to $7.6M; combined ratio 99.7% vs 97.2%
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.
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GBLI declares $0.25 per common share quarterly distribution
Distribution of $0.25 per common share approved by Board on September 28, 2023.
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Global Indemnity reports Q2 net income of $9.2M vs year-ago loss; adjusted op income $6.9M
Net income available to shareholders Q2 2023: $9.2M vs net loss $12.3M in Q2 2022; six-month net income $11.6M vs loss $27.2M.
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Global Indemnity reports preliminary acquisition interest; boosts buyback to $135M
Multiple parties expressed preliminary interest in acquiring or merging with Penn-America or Global Indemnity.
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Global Indemnity declares $0.25/share quarterly distribution payable June 30
Quarterly distribution of $0.25 per common share approved by Board.
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Global Indemnity reports Q1 net income of $2.4M vs loss of $14.9M; combined ratio 101%
Net income available to shareholders $2.4M ($0.17 per share) vs net loss of $14.9M ($1.03 per share) in Q1 2022.
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GBLI reports 2022 net loss of $1.3M; adjusted op income rises to $19.5M; combined ratio improves
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.
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Global Indemnity declares $0.25 quarterly distribution payable March 31, 2023
Board approved $0.25 per common share distribution on March 2, 2023.
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Fred Donner joins GBLI Board effective Dec 16, 2022
Fred Donner appointed to Board under Class B Majority Shareholder rights; agreement allows removal at any time.
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Global Indemnity declares $0.25 quarterly distribution payable Dec 30
Board approved $0.25 per common share quarterly distribution on Dec 8, 2022.
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GBLI finalizes separation with former COO Mauer; $575K severance, non-compete eliminated
Severance of $575,000 in four installments: $200K immediate, $100K at 3 months, $100K at 1 yr, $175K at 18 months.
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GBLI finalizes CEO agreement with Joseph W. Brown: $1M salary, $2M bonus, 200K stock options
Term runs Oct 21, 2022 through Dec 31, 2023; base salary $1,000,000.
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GBLI finalizes separation agreement with former CEO David Charlton; $750k severance
Severance of $750,000 payable in three $250,000 installments over 18 months.
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GBLI reports Q3 2022 net income $23.6M vs loss $7.8M; combined ratio improves to 96.9%
Q3 net income $23.6M ($1.60/sh) vs net loss $7.8M ($0.54/sh) in Q3 2021.
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GBLI appoints Gary Tolman to board, James Holt resigns effective Nov 1, 2022
Gary Tolman appointed to GBLI board Nov 1; 45+ years P&C insurance experience, former CEO of Noblr and Esurance.
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GBLI appoints Joseph Brown CEO after Charlton and Mauer depart; authorizes $32M buyback
CEO David Charlton and COO Reiner Mauer departed GBLI on Oct 21, 2022.
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GBLI announces $0.25 quarterly distribution per common share
GBLI declares $0.25 per common share quarterly distribution.
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Global Indemnity hosts Investor Day Conference, provides presentation materials
Investor Day Conference held on September 21, 2022 with audio webcast.
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GBLI Q2 net loss $0.84/sh; sells Farm Ranch for $30M; prepays $130M debt
Q2 net loss $12.3M ($0.84 EPS) vs net income $6.3M ($0.43 EPS) in Q2 2021; adjusted operating income $1.8M vs $8.7M.