Global Indemnity Group holds annual shareholder meeting

BALA CYNWYD, PA - Global Indemnity Group, LLC (GBLI), a company specializing in fire, marine, and casualty insurance with a market capitalization of $434 million and a notable 4.6% dividend yield, reported the results of its annual shareholder meeting held on June 11, 2025, according to a recent SEC filing.

During the meeting, shareholders elected Seth J. Gersch to the company’s Board of Directors. Gersch will serve until the 2026 Annual Meeting of Shareholders or until a successor is duly elected and qualified. The election results were 44,346,938 votes in favor, 1,979,535 against, 1,203 abstentions, and 928,086 broker non-votes.

Additionally, the appointment of the company’s independent auditors was ratified with 46,880,033 votes for, 375,729 against, and no abstentions or broker non-votes.

The 8-K filing also included an interactive data file as an exhibit, which is embedded within the Inline XBRL document.

The announcement of these results provides investors and the public with the latest governance decisions made by Global Indemnity Group’s shareholders. The company, headquartered in Bala Cynwyd, Pennsylvania, operates under Delaware jurisdiction and is listed on the New York Stock Exchange under the ticker symbol GBLI.

This report is based on the information contained in the SEC filing and does not include any additional analysis or subjective commentary.

In other recent news, Global Indemnity Group reported a net loss of $4 million for the first quarter of 2025, primarily due to $15.6 million in wildfire-related losses. Despite this setback, the company experienced a 6% increase in consolidated gross premiums, reaching $98.7 million, and a 2% rise in investment income to $14.8 million. The company’s earnings per share fell short of expectations, with an actual EPS of -$0.30 compared to a forecasted $0.10. Additionally, Global Indemnity anticipates premium growth of at least 10% in 2025, with improved underwriting performance expected in the remaining quarters. In a separate development, Global Indemnity Group announced the appointment of Jason C. Murgio to its Board of Directors. Murgio, who serves as the Principal and CEO of Merger & Acquisition Services, Inc., is expected to bring valuable expertise to the company. The board expressed confidence in his ability to contribute to the company’s strategic direction. These developments come as Global Indemnity continues to navigate an evolving insurance landscape.

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