Global Indemnity Group, LLC (GBLI) Balance Sheet
GBLI balance sheet, 2025
December 31, 2025 · U.S. dollars$1.72B assets = $1.01B liabilities + $706.6M equity
Both columns are drawn to the same scale: what GBLI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GBLI financial health
Descriptive bands, not a rating. Fiscal 2025.
GBLI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.97B2016 | $1.72B2025 | −1.5%/yr | |
| Total liabilities | $1.17B2016 | $1.01B2025 | −1.6%/yr | |
| Shareholders’ equity | $798.0M2016 | $706.6M2025 | −1.3%/yr | |
| Cash & short-term investments | $1.44B2016 | $1.15B2025 | −2.4%/yr | |
| Total debt | $174.7M2016 | $8.3M2025 | −28.7%/yr | |
| Net cash (debt) | $1.26B2016 | $1.15B2025 | −$115.6M | |
| Working capital | $167.0M2016 | $333.2M2025 | +$166.2M | |
| Book value per share | $45.472016 | $49.552025 | +1.0%/yr | |
| Debt / equity | 0.222016 | 0.012025 | −0.21 | |
| Shares outstanding | 17.5M2016 | 14.3M2025 | −2.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GBLI assets
GBLI liabilities and equity
GBLI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GBLI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.15B | $1.20B | $1.04B | $1.29B | $1.28B | $1.26B | $1.30B | $1.33B | $1.46B | $1.44B |
| Cash & equivalents | $65.5M | $17.0M | $38.0M | $38.8M | $78.3M | $67.4M | $44.3M | $99.5M | $74.4M | $75.1M |
| Short-term investments | $1.09B | $1.18B | $1.00B | $1.25B | $1.20B | $1.19B | $1.25B | $1.24B | $1.38B | $1.36B |
| Receivables | $132.2M | $142.8M | $186.5M | $254.5M | $228.3M | $198.1M | $213.0M | $213.0M | $201.3M | $235.9M |
| Inventory | $0 | $0 | −$140.2M | −$443.4M | −$438.6M | −$369.2M | −$341.5M | −$471.3M | −$1.92B | −$1.95B |
| Other current assets | $3.6M | $3.3M | $0 | $443.4M | $438.6M | $369.2M | $341.5M | $471.3M | $420.1M | $447.7M |
| Total current assets | $1.29B | $1.35B | $38.0M | $1.54B | $1.51B | $1.46B | $1.51B | $1.55B | $158.8M | $167.2M |
| Property, plant & equipment (net) | $8.2M | $9.3M | $9.7M | $11.7M | $16.1M | $1.28B | $1.51B | $1.34B | $0 | $0 |
| Goodwill & intangible assets | $62.8M | $60.1M | $19.3M | $19.6M | $25.7M | $27.5M | $28.0M | $28.5M | $29.1M | $29.6M |
| Long-term investments | $1.36B | $1.39B | $1.31B | $1.27B | $1.30B | $1.39B | $1.56B | $1.41B | $1.46B | $1.43B |
| Other non-current assets | $0 | $0 | $352.2M | $0 | $0 | $0 | $0 | $0 | $354.3M | $349.4M |
| Total assets | $1.72B | $1.73B | $1.73B | $1.80B | $2.01B | $1.90B | $2.08B | $1.96B | $2.00B | $1.97B |
| Liabilities | ||||||||||
| Accounts payable | $1.9M | $8.2M | $2.6M | $17.2M | $35.3M | $8.9M | $20.4M | $15.0M | $10.9M | $18.4M |
| Short-term debt | $2.2M | $2.9M | — | $849.7M | $145.5M | $126,288 | $10.3M | $4.1M | $8.0M | $11.5M |
| Deferred revenue | $182.7M | $183.4M | — | $47.1M | — | $34,265 | — | — | — | — |
| Total current liabilities | $956.4M | $992.0M | $2.6M | $47.1M | $796.0M | $676.4M | $651.4M | $695.0M | $10.9M | $219,000 |
| Long-term debt | $0 | $0 | $0 | $0 | $126.4M | $126.3M | $296.6M | $288.6M | $294.7M | $163.1M |
| Lease obligations | $8.3M | $10.4M | $12.7M | $15.7M | $19.1M | $22.9M | — | — | — | — |
| Other long-term liabilities | $57.8M | $50.1M | $1.08B | $1.13B | $19.1M | $0 | $0 | $1.04B | $0 | $1.01B |
| Total liabilities | $1.01B | $1.04B | $1.08B | $1.17B | $145.5M | $126.3M | $296.6M | $1.33B | $1.28B | $1.17B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | −$32.69B | −$32.7M | — | −$19.5M | −$490,000 | — | $2,000 | $2,000 | $2,000 | $2,000 |
| Retained earnings (deficit) | $273.6M | $268.7M | $245.0M | $233.5M | $249.3M | $235.0M | $270.8M | $215.1M | $275.8M | $368.3M |
| Treasury stock | — | — | — | — | — | — | −$4.0M | −$3.0M | −$1.2M | $0 |
| Accumulated other comprehensive income | −$4.0M | −$10.4M | −$22.9M | −$43.1M | $6.4M | $34.3M | $17.6M | −$21.2M | $9.0M | −$618,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $706.6M | $689.1M | $648.8M | $626.2M | $1.87B | $1.78B | $1.78B | $629.1M | $718.4M | $798.0M |
| Key figures | ||||||||||
| Total debt | $8.3M | $10.4M | $12.7M | $15.7M | $271.9M | $126.4M | $306.9M | $292.6M | $302.7M | $174.7M |
| Net cash (debt) | $1.15B | $1.19B | $1.03B | $1.27B | $1.01B | $1.13B | $990.5M | $1.04B | $1.15B | $1.26B |
| Working capital | $333.2M | $354.9M | $35.4M | $1.49B | $712.4M | $780.3M | $859.0M | $852.6M | $147.9M | $167.0M |
| Tangible book value | $643.7M | $629.1M | $629.5M | $606.6M | $1.84B | $1.75B | $1.75B | $600.5M | $689.3M | $768.4M |
| Book value per share | $49.55 | $50.28 | $47.47 | $43.24 | $127.34 | $124.46 | $124.12 | $44.65 | $41.50 | $45.47 |
| Shares outstanding | 14.3M | 13.7M | 13.7M | 14.5M | 14.7M | 14.3M | 14.3M | 14.1M | 17.3M | 17.5M |
| Current ratio | 1.35 | 1.36 | 14.40 | 32.73 | 1.89 | 2.15 | 2.32 | 2.23 | 14.63 | 763.49 |
| Quick ratio | 1.34 | 1.35 | 463.89 | 32.73 | 1.89 | 2.15 | 2.32 | 2.23 | 152.74 | 7,632.72 |
| Debt / equity | 0.01 | 0.02 | 0.02 | 0.03 | 0.15 | 0.07 | 0.17 | 0.47 | 0.42 | 0.22 |
| Equity / assets | 41.1% | 39.8% | 37.5% | 34.8% | 92.8% | 93.4% | 85.7% | 32.1% | 35.9% | 40.4% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.32B | $1.25B | $1.15B | $1.11B | $1.12B | $1.10B | $1.20B | $1.26B | $1.18B | $1.00B | $1.04B | $1.03B |
| Cash & equivalents | $97.5M | $34.8M | $65.5M | $75.4M | $67.3M | $81.1M | $17.0M | $31.0M | $46.7M | $38.9M | $38.0M | $46.5M |
| Short-term investments | $1.23B | $1.22B | $1.09B | $1.04B | $1.06B | $1.02B | $1.18B | $1.23B | $1.13B | $965.8M | $1.00B | $984.6M |
| Receivables | $150.0M | $71.4M | $132.2M | $146.2M | $140.1M | $138.0M | $142.8M | $150.9M | $157.2M | $271.2M | $186.5M | $216.7M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$127.3M | −$131.3M | −$140.2M | −$2.31B |
| Other current assets | $0 | $33.51B | $3.6M | $0 | $0 | $0 | $3.3M | $0 | $0 | $0 | $0 | $1.34B |
| Total current assets | $247.5M | $34.83B | $1.29B | $151.2M | $137.8M | $149.0M | $1.35B | $208.0M | $230.1M | $226.4M | $38.0M | $283.0M |
| Property, plant & equipment (net) | $7.55B | $7.81B | $8.2M | $8.4M | $8.8M | $9.1M | $9.3M | $8.5M | $9.0M | $9.3M | $9.7M | $10.1M |
| Goodwill & intangible assets | $21.43B | $21.55B | $62.8M | $21.8M | $18.8M | $18.8M | $60.1M | $19.0M | $19.1M | $19.2M | $19.3M | $19.4M |
| Long-term investments | $1.31B | $1.35B | $1.36B | $1.34B | $1.35B | $1.33B | $1.39B | $1.41B | $1.35B | $1.24B | $1.31B | $1.30B |
| Other non-current assets | $0 | $1.61T | $0 | $209.6M | $206.3M | $208.9M | $0 | $118.0M | $125.7M | $230.1M | $352.2M | $151.3M |
| Total assets | $1.72B | $1.68T | $1.72B | $1.73B | $1.72B | $1.71B | $1.73B | $1.76B | $1.74B | $1.73B | $1.73B | $1.77B |
| Liabilities | ||||||||||||
| Accounts payable | $3.4M | $3.1M | $1.9M | $2.7M | $3.1M | $2.8M | $8.2M | $963,000 | $948,000 | $1.7M | $2.6M | $3.5M |
| Short-term debt | — | — | $2.2M | — | — | — | $2.9M | — | — | — | — | — |
| Deferred revenue | — | — | $182.7M | — | — | — | $183.4M | — | — | — | — | — |
| Total current liabilities | — | $196.0M | $956.4M | $967.5M | — | $2.8M | $992.0M | — | $845.2M | $856.9M | $2.6M | $885.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $7.7M | $7.9M | $8.3M | $8.9M | $9.3M | $9.9M | $10.4M | $10.8M | $11.4M | $11.9M | $12.7M | $13.5M |
| Other long-term liabilities | $1.01B | $975.81B | $57.8M | $1.03B | $1.03B | $1.03B | $50.1M | $1.07B | $1.07B | $1.07B | $1.08B | $13.5M |
| Total liabilities | $1.01B | $976.01B | $1.01B | $1.03B | $1.03B | $1.03B | $1.04B | $1.07B | $1.07B | $1.07B | $1.08B | $1.14B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | −$32.69B | −$32.69B | −$32.69B | −$32.7M | −$32.7M | −$32.7M | −$32.7M | — | — | — | — | — |
| Retained earnings (deficit) | $278.6M | $272.68B | $273.6M | $272.2M | $264.8M | $259.6M | $268.7M | $264.6M | $256.7M | $251.5M | $245.0M | $242.5M |
| Accumulated other comprehensive income | −$6.8M | −$6.60B | −$4.0M | −$4.2M | −$4.7M | −$6.9M | −$10.4M | −$7.8M | −$18.1M | −$20.0M | −$22.9M | −$38.1M |
| Total shareholders' equity | $710.9M | $704.11B | $706.6M | $704.1M | $695.3M | $687.1M | $689.1M | $686.7M | $667.5M | $659.5M | $648.8M | $630.7M |
| Key figures | ||||||||||||
| Total debt | $7.7M | $7.9M | $8.3M | $17.8M | $9.3M | $9.9M | $10.4M | $10.8M | $11.4M | $11.9M | $12.7M | $13.5M |
| Net cash (debt) | $1.32B | $1.24B | $1.15B | $1.09B | $1.11B | $1.09B | $1.19B | $1.25B | $1.17B | $992.7M | $1.03B | $1.02B |
| Working capital | — | $34.63B | $333.2M | −$816.3M | — | $146.2M | $354.9M | — | −$615.1M | −$630.5M | $35.4M | −$602.9M |
| Tangible book value | −$20.72B | $682.56B | $643.7M | $682.3M | $676.5M | $668.2M | $629.1M | $667.7M | $648.4M | $640.3M | $629.5M | $611.3M |
| Book value per share | $49.31 | $48,879.56 | $49.24 | $49.51 | $49.10 | $49.54 | $49.98 | $49.76 | $48.80 | $48.18 | $47.83 | $45.65 |
| Shares outstanding | 14.4M | 14.4M | 14.4M | 14.2M | 14.2M | 13.9M | 13.8M | 13.8M | 13.7M | 13.7M | 13.6M | 13.8M |
| Current ratio | — | 177.70 | 1.35 | 0.16 | — | 53.48 | 1.36 | — | 0.27 | 0.26 | 14.40 | 0.32 |
| Quick ratio | — | 6.74 | 1.34 | 1.30 | — | 443.06 | 1.35 | — | 1.58 | 1.49 | 463.89 | 1.41 |
| Debt / equity | 0.01 | 0.00 | 0.01 | 0.03 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Equity / assets | 41.2% | 41.9% | 41.1% | 40.6% | 40.4% | 40.1% | 39.8% | 39.0% | 38.4% | 38.2% | 37.5% | 35.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 10, 2026); data from EODHD.
GBLI financial position
At the end of fiscal 2025 (December 31, 2025), Global Indemnity had total assets of $1.7 billion (down 0.6% from a year earlier), total liabilities of $1.0 billion and shareholders' equity of $706.6 million. It held $1.2 billion in cash and short-term investments against $8.3 million of debt, a net cash position of $1.1 billion. Its current ratio was 1.35. In the latest quarter (ended June 30, 2026) total assets were $1.7 billion and equity $710.9 million.
Related: GBLI income statement, GBLI cash flow statement, GBLI key metrics. See the GBLI stock overview for the latest quote and news.
GBLI balance sheet FAQ
What are Global Indemnity's total assets?
Global Indemnity reported total assets of $1.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.7 billion a year earlier.
How much debt does Global Indemnity have?
Global Indemnity had $8.3 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does Global Indemnity have?
Global Indemnity held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $8.3 million of debt that is net cash of $1.1 billion.
What is Global Indemnity's book value?
Global Indemnity's shareholders' equity (book value) was $706.6 million at the end of fiscal 2025, or $49.55 per share.
What is Global Indemnity's current ratio?
Global Indemnity had current assets of $1.3 billion and current liabilities of $956.4 million, a current ratio of 1.35 (it can cover its short-term obligations).
How much goodwill does Global Indemnity have?
Global Indemnity carried $62.8 million of goodwill and intangible assets, 3.7% of total assets, at the end of fiscal 2025.