Global Indemnity Group, LLC Reports Second Quarter 2025 Results

Select Operating Data:

Gross written premiums

Investment income

Annualized investment return

Underwriting income (loss)

Underwriting income (loss), current accident year

Underwriting income, current accident year, excluding California Wildfires

Corporate expenses

Operating income

Operating income excluding California Wildfires

Net income available to common shareholders

Net income available to common shareholders excluding California Wildfires

Per Share Data:

Net income available to common shareholders per share

Net income available to common shareholders per share excluding California Wildfires

Operating income per share

Operating income per share excluding California Wildfires

Combined ratio analysis:

Loss ratio

Expense ratio

Combined ratio

Combined ratio, current accident year

Combined ratio, current accident year excluding California Wildfires

Select Balance Sheet Data:

Cash and invested assets, net

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Total assets

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Shareholders' equity

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Book value per share

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Book value per share plus cumulative dividends and

excluding AOCI

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Shares Outstanding (in millions)

Dividends

Balance at June 30, 2025

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Underwriting expenses

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Underwriting expenses

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Wholesale Commercial

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Vacant Express

Collectibles

Direct written premiums excluding Specialty Products

Specialty Products

Total direct written premiums

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%

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Gross written premiums

Net written premiums

Net earned premiums

Net investment income

Net realized investment gains

Other income

Total revenues

Net losses and loss adjustment expenses

Acquisition costs and other underwriting expenses

Corporate expenses

Income before income taxes

Income tax expense

Net income

Less: preferred stock distributions

Net income available to common shareholders

Per share data:

Net income available to common shareholders

Basic

Diluted

Weighted-average number of shares outstanding

Basic

Diluted

Cash distributions declared per common share

Combined ratio analysis:

Loss ratio

Expense ratio

Combined ratio

Available for sale, at fair value (amortized cost: $1,341,934 and

$1,394,639; net of allowance for expected credit losses of $0 at

June 30, 2025 and December 31, 2024)

class A common shares issued: 11,790,484 and 11,202,355,

respectively (inclusive of class A common shares designated as

class A-2 common shares of 550,000 and 0, respectively);

class A common shares outstanding: 10,502,716 and 9,914,587, respectively

(inclusive of class A common shares designated as

class A-2 common shares of 550,000 and 0, respectively);

class B common shares issued and outstanding: 3,793,612 and

3,793,612, respectively

Class A common shares in treasury, at cost: 1,287,768 and 1,287,768 shares, respectively

Fixed maturities

Limited partnerships

Net investment income

Operating income, net of tax ₍₁₎

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(Dollars in thousands)