Global Indemnity Group, LLC (NASDAQ: GBLI)

Global Indemnity Group, LLC is a Delaware limited liability company that operates as a publicly traded partnership providing specialty insurance and related services through its subsidiaries, focusing on the excess and surplus lines market.

The company generates revenue primarily from insurance premiums written by its five statutory carriers, as well as fees from insurance agency operations, technology platforms, and claims adjustment services.

The company operates through the following segments: Agency and Insurance Services, Belmont Insurance Companies Core, and Belmont Insurance Companies Non Core.

• Agency and Insurance Services comprises Katalyx’s four agencies and three specialized service businesses that distribute specialty property and casualty products, provide technology solutions, and handle claims adjustments.

• Belmont Insurance Companies Core consists of the five statutory insurance carriers that write ongoing direct insurance and assumed reinsurance in the excess and surplus lines market, targeting Main Street businesses across more than one thousand classes of business.

• Belmont Insurance Companies Non Core includes lines of business that have been deemphasized or are no longer written, focusing on run off of policies, claims adjustment, and loss reserve estimation.

In the excess and surplus lines insurance market, Global Indemnity Group, LLC competes with carriers such as Markel Group, Kinsale Capital Group, James River Group Holdings, and Berkshire Hathaway, differentiating itself through long standing agency relationships, proprietary technology platforms, and a diverse product suite across many niches.

The company’s A rating from AM Best and its ability to operate on both admitted and non admitted bases provide further credibility and flexibility.

The company serves small commercial businesses such as artisan contractors, landlords, restaurants, and retail establishments, as well as owners of vacant properties, collectors of various items, and other niche market participants.