Other Global Indemnity Limited Subsidiaries & Eliminations (Non-Co-Obligor Subsidiaries) was Global Indemnity’s largest revenue line in fiscal 2017, bringing in $1.55B of $1.46B (106%).
| Consolidated Entities | FY 2016 | FY 2017 |
|---|---|---|
| Other Global Indemnity Limited Subsidiaries & Eliminations (Non-Co-Obligor Subsidiaries) | $1.66B | $1.55B |
| Global Indemnity Group, Llc (Subsidiary Co-Obligor) | — | $41.97M |
| Global Indemnity Group, Inc.(Subsidiary Co-Obligor) | $44.67M | — |
| Global Indemnity Limited (Parent Co-Obligor) | $81.00K | -$3.00K |
| Consolidation Adjustments | -$103.09M | -$132.74M |
| Total | $1.60B | $1.46B |
Global Indemnity brought in $1.46B from its four revenue lines in fiscal 2017, the year ended December 31, 2017. Global Indemnity regrouped these revenue lines after fiscal 2016, so the total does not compare directly with that year's $1.60B. Other Global Indemnity Limited Subsidiaries & Eliminations (Non-Co-Obligor Subsidiaries) was the largest at $1.55B (106.2%), ahead of Global Indemnity Group, Llc (Subsidiary Co-Obligor) at $41.97M (2.9%).
Global Indemnity began breaking out Global Indemnity Group, Llc (Subsidiary Co-Obligor) in fiscal 2017, when it brought in $41.97M. Global Indemnity stopped reporting Global Indemnity Group, Inc.(Subsidiary Co-Obligor) as a separate revenue line after fiscal 2016, when it brought in $44.67M. The total is net of Global Indemnity Limited (Parent Co-Obligor), which took $3.00K off revenue in fiscal 2017.
U.S. Subsidiaries was Global Indemnity’s largest region in fiscal 2020, bringing in $1.54B of $1.70B (91%).
| Geography | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2018 | FY 2019 | FY 2020 |
|---|---|---|---|---|---|---|---|---|
| U.S. Subsidiaries | $995.85M | $1.35B | $1.54B | |||||
| Non-U.S. Subsidiaries | $407.48M | $227.88M | $160.15M | |||||
| Intersegment Elimination | — | — | — | |||||
| Total | $1.40B | $1.58B | $1.70B |
Global Indemnity brought in $1.70B from its two regions in fiscal 2020, the year ended December 31, 2020. That was up 8.1% from $1.58B in fiscal 2019. U.S. Subsidiaries was the largest at $1.54B (90.6%), ahead of Non-U.S. Subsidiaries at $160.15M (9.4%).
Compared with fiscal 2019, U.S. Subsidiaries grew 14.5% to $1.54B, while Non-U.S. Subsidiaries fell 29.7% to $160.15M. From fiscal 2018 to 2020, combined revenue from these regions grew from $1.40B to $1.70B, a compound annual growth rate of 10.2%. U.S. Subsidiaries' share of the total rose from 71.0% to 90.6%.
Penn-America was Global Indemnity’s largest segment in fiscal 2022, bringing in $1.08B of $1.81B (60%).
| Statement Business Segments | FY 2011 | FY 2012 | FY 2014 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|---|---|
| Penn-America | — | — | $926.03M | $1.08B | ||||
| Non-Core Operations | — | — | $860.80M | $728.62M | ||||
| Commercial Specialty | $744.22M | $833.68M | — | — | ||||
| Exited Lines | $560.17M | $731.11M | — | — | ||||
| Commercial Lines | — | — | — | — | ||||
| Insurance Operations | — | — | — | — | ||||
| Specialty Property | — | — | — | — | ||||
| Farm, Ranch Stable | $213.94M | — | — | — | ||||
| Reinsurance Operations | $57.46M | $138.32M | — | — | ||||
| Total | $1.58B | $1.70B | $1.79B | $1.81B |
Global Indemnity brought in $1.81B from its two segments in fiscal 2022, the year ended December 31, 2022. That was up 1.2% from $1.79B in fiscal 2021. Penn-America was the largest at $1.08B (59.7%), ahead of Non-Core Operations at $728.62M (40.3%).
Compared with fiscal 2021, Penn-America grew 16.5% to $1.08B, while Non-Core Operations fell 15.4% to $728.62M.
Global Indemnity began breaking out Penn-America in fiscal 2021 and Non-Core Operations in fiscal 2021. Global Indemnity stopped reporting Commercial Specialty ($833.68M in fiscal 2020), Exited Lines ($731.11M in fiscal 2020), Farm, Ranch Stable ($213.94M in fiscal 2019) and one other as separate segments.
Global Indemnity (GBLI) reports its revenue by consolidated entities, by geography and by statement business segments. In fiscal 2017, Other Global Indemnity Limited Subsidiaries & Eliminations (Non-Co-Obligor Subsidiaries) was its largest revenue line, bringing in $1.55B (106.2% of the total), followed by Global Indemnity Group, Llc (Subsidiary Co-Obligor) at $41.97M (2.9%).
Other Global Indemnity Limited Subsidiaries & Eliminations (Non-Co-Obligor Subsidiaries) was Global Indemnity's largest revenue line in fiscal 2017, bringing in $1.55B, or 106.2% of the $1.46B total across its four revenue lines.
U.S. Subsidiaries was Global Indemnity's largest region in fiscal 2020, bringing in $1.54B, or 90.6% of the $1.70B total across its two regions.
Penn-America was Global Indemnity's largest segment in fiscal 2022, bringing in $1.08B, or 59.7% of the $1.81B total across its two segments.
U.S. Subsidiaries grew faster than Non-U.S. Subsidiaries in fiscal 2020, up 14.5% from $1.35B to $1.54B. Non-U.S. Subsidiaries fell 29.7% to $160.15M.
Every figure comes from Global Indemnity's annual financial filings, as reported. Each line keeps the name Global Indemnity gives it, and years follow its fiscal calendar.
Global Indemnity's revenue by consolidated entities goes back to fiscal 2016, with figures through fiscal 2017. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.