Global indemnity ltd (GBLIL)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Dec'10
ASSETS
Fixed maturities:
Available for sale, at fair value (amortized cost: $1,252,931 and $1,231,568; net of allowance of: 2020 - $0)

1,271

1,253

1,234

1,196

1,294

1,235

1,273

1,283

1,262

1,241

1,360

1,338

1,309

1,240

1,310

1,306

1,312

1,306

1,548

1,550

1,577

1,283

1,308

1,205

1,196

1,204

1,196

1,184

1,250

1,229

1,259

1,306

1,370

1,296

1,406

1,460

1,444

Equity securities, at fair value

174

263

262

262

142

124

137

-

-

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

At fair value (cost: $137,789 and $124,915)

-

-

-

-

-

-

-

137

133

-

133

130

128

120

122

119

113

110

106

121

121

122

120

125

257

254

233

222

216

197

194

180

187

168

146

150

147

Other invested assets

47

47

40

51

48

50

85

83

82

77

73

72

64

66

32

35

32

32

33

31

29

33

21

15

5

3

3

3

3

3

-

-

-

6

-

-

-

Available for sale, at fair value (cost: $3,049 and $4,150)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

8

8

-

16

17

4

Securities classified as trading, at fair value (cost: $0 and $1,112)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

Total investments

1,493

1,563

1,536

1,509

1,485

1,410

1,496

1,505

1,479

1,459

1,567

1,541

1,502

1,426

1,466

1,461

1,458

1,449

1,689

1,703

1,728

1,439

1,450

1,345

1,460

1,461

1,432

1,410

1,470

1,429

1,457

1,495

1,566

1,471

1,568

1,628

1,597

Cash and cash equivalents

59

44

78

56

37

99

40

47

73

74

60

96

127

75

63

70

47

67

146

66

67

58

66

118

99

105

115

111

69

104

108

77

100

175

93

106

119

Restricted cash (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums receivable, net of allowance for expected credit loss of $2,746 at March 31, 2020

115

118

112

120

92

87

84

92

77

84

84

86

80

92

86

90

85

89

95

113

96

56

62

70

57

49

40

74

56

37

42

52

47

47

60

68

56

Reinsurance receivables, net of allowance for expected credit loss of $8,992 at March 31, 2020

83

83

83

-

-

114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reinsurance receivables, net

-

-

-

66

102

-

96

96

97

105

123

107

106

143

108

115

113

115

134

142

145

125

178

182

198

197

221

232

239

241

273

278

282

287

303

332

422

Funds held by ceding insurers

47

48

48

41

44

49

50

52

49

45

40

38

31

13

19

19

17

16

24

28

23

25

23

25

23

18

30

-

-

7

-

-

-

-

-

-

-

Receivable for securities sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

-

-

-

-

-

-

-

-

Federal income taxes receivable

5

10

11

11

11

10

10

9

10

10

-

-

-

-

4

4

4

4

5

4

2

3

-

-

0

-

3

1

7

6

8

9

7

2

-

-

-

Deferred federal income taxes

42

31

36

37

40

48

35

32

30

26

50

43

41

40

39

41

37

34

35

26

25

20

16

13

6

4

6

10

5

10

5

9

6

14

20

9

6

Deferred acquisition costs

69

70

70

69

62

61

64

65

61

61

62

61

58

57

55

56

55

56

57

52

39

25

26

26

24

22

24

25

22

18

19

20

19

21

28

38

35

Intangible assets

21

21

21

21

21

22

22

22

22

22

22

22

22

23

23

23

23

23

26

30

38

17

17

17

17

17

18

18

18

18

18

18

18

18

18

18

19

Goodwill

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

6

7

7

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

4

Prepaid reinsurance premiums

15

16

17

19

19

20

22

25

24

28

30

32

33

42

38

49

50

44

39

34

39

4

5

6

4

5

5

5

4

5

6

6

6

6

7

8

11

Receivable for securities sold

-

-

0

0

0

0

0

-

-

1

0

-

-

-

-

0

-

0

-

0

-

0

-

138

-

0

-

-

-

-

-

-

-

1

4

-

-

Other assets

69

60

59

55

59

28

26

25

31

75

81

67

60

51

70

66

66

49

57

49

59

34

27

27

25

22

14

14

18

17

19

18

20

19

22

22

20

Total assets

2,028

2,075

2,084

2,015

1,984

1,960

1,958

1,981

1,963

2,001

2,130

2,104

2,072

1,972

1,981

2,006

1,966

1,957

2,318

2,260

2,273

1,930

1,879

1,977

1,924

1,911

1,918

1,914

1,917

1,903

1,964

1,991

2,080

2,072

2,132

2,238

2,294

LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Unpaid losses and loss adjustment expenses

639

630

633

608

645

680

608

613

615

634

649

615

622

651

664

683

676

680

729

769

770

675

739

754

779

779

823

844

864

879

923

941

960

971

971

975

1,052

Unearned premiums

308

314

316

312

281

281

297

304

281

285

290

291

275

286

278

294

287

286

297

295

283

120

127

133

121

116

128

128

108

94

99

103

100

114

135

149

135

Federal income taxes payable

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

1

6

-

1

-

-

-

-

-

-

-

-

1

1

0

Ceded balances payable

23

20

36

17

14

14

16

21

11

10

12

14

7

14

11

12

5

4

4

18

12

2

4

5

2

5

5

4

2

4

3

7

6

8

8

6

12

Contingent commissions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-

5

4

9

Payable for securities purchased

2

0

0

9

5

0

4

0

10

-

-

6

8

3

1

-

0

-

4

-

13

-

2

-

6

-

4

-

1

2

16

9

21

-

-

4

4

Contingent commissions

5

11

10

8

7

10

8

6

3

7

5

4

3

9

9

9

8

11

14

13

11

12

12

10

11

12

9

7

8

9

7

6

-

7

-

-

-

Debt

294

296

297

292

294

288

282

287

286

294

298

296

296

163

173

174

166

172

292

-

-

174

-

-

-

-

20

84

84

84

84

102

102

103

103

121

121

Margin borrowing facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187

207

-

62

-

-

100

-

-

-

-

-

-

-

-

-

-

-

Margin borrowing facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

100

-

65

-

-

-

-

-

-

-

-

-

-

Other liabilities

78

74

82

71

68

55

37

45

50

49

48

47

43

45

60

60

56

53

54

44

48

34

30

26

21

22

23

20

20

22

22

25

24

29

29

32

29

Total liabilities

1,353

1,349

1,376

1,320

1,317

1,331

1,255

1,279

1,259

1,283

1,306

1,276

1,257

1,174

1,199

1,235

1,200

1,207

1,396

1,329

1,347

1,021

981

1,080

1,043

1,038

1,079

1,090

1,090

1,097

1,156

1,196

1,221

1,233

1,255

1,295

1,366

Commitments and contingencies (Note 11)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Shareholders’ equity:
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 10,305,404 and 10,282,277 respectively; A ordinary shares outstanding: 10,185,459 and 10,167,056, respectively; B ordinary shares issued and outstanding: 4,133,366 and 4,133,366, respectively

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Additional paid-in capital

443

442

440

439

438

438

437

436

435

434

433

432

431

430

532

531

530

529

529

528

527

519

518

518

517

516

515

514

513

512

514

519

584

621

621

623

622

Accumulated other comprehensive income, net of taxes

12

17

25

16

1

-21

-23

-22

-16

8

10

5

4

-0

23

22

13

4

13

20

27

23

24

34

52

54

54

47

60

53

56

49

57

40

23

52

57

Retained earnings

222

270

245

242

231

215

292

291

288

275

381

390

380

368

329

320

325

318

480

484

473

466

455

445

412

403

370

363

354

342

337

327

318

307

333

367

349

A ordinary shares in treasury, at cost: 110,449 and 76,642 shares, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

101

-

101

101

101

101

101

101

101

130

101

101

100

Total shareholders’ equity

674

726

707

694

667

629

702

702

703

718

823

827

815

797

782

770

766

749

921

931

926

908

898

896

880

873

838

823

827

806

807

795

859

839

877

943

928

Total liabilities and shareholders’ equity

2,028

2,075

2,084

2,015

1,984

1,960

1,958

1,981

1,963

2,001

2,130

2,104

2,072

1,972

1,981

2,006

1,966

1,957

2,318

2,260

2,273

1,930

1,879

1,977

1,924

1,911

1,918

1,914

1,917

1,903

1,964

1,991

2,080

2,072

2,132

2,238

2,294

Ordinary Shares A
A ordinary shares in treasury, at cost: 119,945 and 115,221 shares, respectively

4

3

-

-

-

3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

A ordinary shares in treasury, at cost: 110,449 and 76,642 shares, respectively

-

-

3

3

3

-

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total shareholders’ equity

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-