Global Indemnity Group, LLC Announces Hurricane Ian Loss Estimate – InsuranceNewsNet

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WILMINGTON, Del.–(BUSINESS WIRE)–
Global Indemnity Group, LLC (NYSE: GBLI) (“GBLI”), today announced an estimate of the catastrophic pre-tax losses caused by Hurricane Ian in the $1.5 million to be reflected in the third quarter of 2022. This estimate is based on currently available information. The level of the Company’s Ian losses reflects the Company’s efforts over several years to reduce its exposure to catastrophes.

GBLI will publish its results for the third quarter of 2022 before the opening of the markets on Tuesday, November 8, 2022 and will hold an earnings call to discuss third quarter 2022 results on Tuesday, November 8, 2022 at 11:00 East. The earnings call will be webcast by Q4 on GBLI’s website at www.gbli.com.

About Global Indemnity Group, LLC and its subsidiaries

Global Indemnity Group, LLC (NYSE: GBLI), through its several wholly-owned direct and indirect insurance subsidiaries, provides admitted and non-admitted specialty property and casualty insurance coverage and individual United Statesas well as reinsurance worldwide. Global Compensation GroupLLC are the four main business units:

  • Small and medium business enterprises
  • Specialized trading company

For more information, visit the Company’s website at www.gbli.com.

Forward-looking information

The forward-looking statements contained in this press release do not take into account a number of risks and uncertainties. Investors are cautioned that the actual results of Global Indemnity may differ materially from the estimates expressed, implied or projected by the forward-looking statements. These statements are based on estimates and information available to us at the time of this press release. All forward-looking statements contained in this press release are based on information available to Overall compensation from the date hereof. Please see Global Indemnity’s filings with the Security and Exchange Commission for a discussion of the risks and uncertainties that could impact the company and for a more detailed explanation regarding forward-looking statements. Overall compensation assumes no obligation to update any forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.

[1] Distributed pursuant to the “safe harbor” provisions of Section 21E of the Security Exchange Act of 1934.

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Media
Stephen W. Ries
Head of Investor Relations

(610) 668-3270

[email protected]

Source: Global Indemnity Group, LLC

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