Global Indemnity (GBLI) 10-K 14 Mar 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2015	Mar. 04, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Trading Symbol	GBLI
Entity Registrant Name	GLOBAL INDEMNITY PLC
Entity Central Index Key	1,494,904
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 232,260,659
Ordinary Shares A
Document Information [Line Items]
Entity Ordinary Shares, Shares Outstanding		13,404,386
Ordinary Shares B
Document Information [Line Items]
Entity Ordinary Shares, Shares Outstanding		4,133,366

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fixed maturities:
Available for sale, at fair value (amortized cost: $1,308,333 and $1,272,948)	$ 1,306,149	$ 1,283,475
Equity securities:
Available for sale, at fair value (cost: $100,157 and $99,297)	110,315	122,048
Other invested assets	32,592	33,663
Total investments	1,449,056	1,439,186
Cash and cash equivalents	67,037	58,823
Restricted cash (Note 2)		113,696
Premiums receivable, net	89,245	56,586
Reinsurance receivables, net	115,594	125,718
Funds held by ceding insurers	16,037	25,176
Federal income taxes receivable	4,828	3,139
Deferred federal income taxes	34,687	20,250
Deferred acquisition costs	56,517	25,238
Intangible assets	23,607	17,636
Goodwill	6,521	4,820
Prepaid reinsurance premiums	44,363	4,725
Receivable for securities sold	172	60
Other assets	49,630	34,980
Total assets	1,957,294	1,930,033
Liabilities:
Unpaid losses and loss adjustment expenses	680,047	675,472
Unearned premiums	286,285	120,815
Ceded balances payable	4,589	2,800
Contingent commissions	11,069	12,985
Debt	172,034	174,673
Other liabilities	53,344	34,998
Total liabilities	$ 1,207,368	$ 1,021,743
Commitments and contingencies (Note 14)
Shareholders' equity:
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 16,424,546 and 16,331,577, respectively; A ordinary shares outstanding: 13,313,751 and 13,266,762 , respectively; B ordinary shares issued and outstanding: 4,133,366 and 12,061,370, respectively	$ 3	$ 3
Additional paid-in capital	529,872	519,590
Accumulated other comprehensive income, net of taxes	4,078	23,384
Retained earnings	318,416	466,717
Total shareholders' equity	749,926	908,290
Total liabilities and shareholders' equity	1,957,294	1,930,033
Ordinary Shares A
Shareholders' equity:
A ordinary shares in treasury, at cost: 3,110,795 and 3,064,815 shares, respectively	(102,443)	(101,404)
Total shareholders' equity	$ 2	$ 2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Available for sale, amortized cost	$ 1,308,333	$ 1,272,948
Available for sale, at cost	$ 100,157	$ 99,297
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	900,000,000	900,000,000
Ordinary Shares A
Ordinary shares, shares issued	16,424,546	16,331,577
Ordinary shares, shares outstanding	13,313,751	13,266,762
Treasury shares, cost	3,110,795	3,064,815
Ordinary Shares B
Ordinary shares, shares issued	4,133,366	12,061,370
Ordinary shares, shares outstanding	4,133,366	12,061,370

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Gross premiums written									$ 590,233	$ 291,253	$ 290,723
Net premiums written									501,244	273,181	271,984
Net premiums earned	$ 123,222	$ 124,707	$ 128,877	$ 127,337	$ 66,930	$ 68,028	$ 66,017	$ 67,544	504,143	268,519	248,722
Net investment income	8,375	8,852	9,141	8,241	6,333	6,527	7,677	8,284	34,609	28,821	37,209
Net realized investment gains (losses):
Other than temporary impairment losses on investments									(7,335)	(501)	(1,239)
Other net realized investment gains									3,961	36,361	28,651
Total net realized investment gains (losses)	3,842	(10,778)	6,532	(2,970)	(4,366)	1,158	39,881	(813)	(3,374)	35,860	27,412
Other income									3,400	555	5,791
Total revenues									538,778	333,755	319,134
Losses and Expenses:
Net losses and loss adjustment expenses	48,498	77,691	79,560	69,619	24,065	36,654	38,270	38,572	275,368	137,561	132,991
Acquisition costs and other underwriting expenses	51,185	50,934	50,926	48,258	28,505	27,458	27,171	26,485	201,303	109,619	105,651
Corporate and other operating expenses									24,448	14,559	11,614
Interest expense									4,913	822	6,169
Income before income taxes	29,463	(9,727)	9,772	3,238	11,294	8,128	44,798	6,974	32,746	71,194	62,709
Income tax expense (benefit)									(8,723)	8,338	1,019
Net income	$ 27,304	$ (3,746)	$ 11,117	$ 6,794	$ 11,064	$ 9,761	$ 33,208	$ 8,823	$ 41,469	$ 62,856	$ 61,690
Net income
Basic									$ 1.71	$ 2.50	$ 2.46
Diluted	$ 1.30	$ (0.15)	$ 0.43	$ 0.26	$ 0.44	$ 0.39	$ 1.31	$ 0.35	$ 1.69	$ 2.48	$ 2.45
Weighted-average number of shares outstanding
Basic									24,253,657	25,131,811	25,072,712
Diluted									24,505,851	25,331,420	25,174,015

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net income	$ 41,469	$ 62,856	$ 61,690
Other comprehensive income (loss), net of tax:
Unrealized holding gains	(17,457)	6,878	17,466
Portion of other than temporary impairment losses recognized in other comprehensive income (loss)	(4)	(4)
Reclassification adjustment for (gains) losses included in net income	(1,985)	(37,177)	(16,951)
Unrealized foreign currency translation gains (losses)	140	(341)	163
Other comprehensive income (loss), net of tax	(19,306)	(30,644)	678
Comprehensive income, net of tax	$ 22,163	$ 32,212	$ 62,368

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Accumulated other comprehensive income, net of deferred income tax	Retained Earnings	Treasury Shares	Ordinary Shares A	Ordinary Shares ATreasury Shares	Ordinary Shares B
Number at Dec. 31, 2012					3,057,001	16,087,939		12,061,370
Ordinary shares issued under share incentive plans						74,400
A ordinary shares purchased							2,370
Ordinary shares issued to directors						38,067
Number at Dec. 31, 2013					3,059,371	16,200,406		12,061,370
Balance at Dec. 31, 2012		$ 512,304	$ 53,350	$ 342,171	$ (101,210)	$ 2		$ 1
A ordinary shares purchased, at cost							$ (55)
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses)			514
Change in other than temporary impairment losses recognized in other comprehensive income (loss)			1
Unrealized foreign currency translation gains (losses)	$ 163		163
Other comprehensive income (loss), net of tax	678		678
Share compensation plans		4,349
Tax benefit on share-based compensation expense	0
Net income	61,690			61,690
Balance at Dec. 31, 2013	873,280	516,653	54,028	403,861	$ (101,265)	$ 2		$ 1
Ordinary shares issued under share incentive plans						94,563
A ordinary shares purchased							5,444
Ordinary shares issued to directors						36,608
Number at Dec. 31, 2014					3,064,815	16,331,577		12,061,370
A ordinary shares purchased, at cost							$ (139)
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses)			(30,299)
Change in other than temporary impairment losses recognized in other comprehensive income (loss)			(4)
Unrealized foreign currency translation gains (losses)	(341)		(341)
Other comprehensive income (loss), net of tax	(30,644)		(30,644)
Share compensation plans		2,900
Tax benefit on share-based compensation expense	40	37
Net income	62,856			62,856
Balance at Dec. 31, 2014	$ 908,290	519,590	23,384	466,717	$ (101,404)	$ 2		$ 1
Ordinary shares issued under share incentive plans						121,812
A ordinary shares purchased							11,895
Ordinary shares issued to directors						36,321
Elimination of shares indirectly owned by subsidiary							34,085
B ordinary shares converted to A ordinary shares						7,928,004		7,928,004
Ordinary shares redeemed	(4,555,061)					(8,260,870)
Ordinary shares issued in connection with American Reliable acquisition						267,702
Number at Dec. 31, 2015					3,110,795	16,424,546		4,133,366
A ordinary shares purchased, at cost							$ (333)
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses)			(19,436)
Change in other than temporary impairment losses recognized in other comprehensive income (loss)			(10)
Unrealized foreign currency translation gains (losses)	$ 140		140
Other comprehensive income (loss), net of tax	(19,306)		(19,306)
Share compensation plans		10,272
Ordinary shares redeemed				(189,770)
Elimination of shares indirectly owned by subsidiary							$ (706)
Tax benefit on share-based compensation expense	50	10
Net income	41,469			41,469
Balance at Dec. 31, 2015	$ 749,926	$ 529,872	$ 4,078	$ 318,416	$ (102,443)	$ 2		$ 1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income	$ 41,469	$ 62,856	$ 61,690
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Amortization of trust preferred securities issuance costs			77
Amortization of the value of business acquired	25,500
Amortization and depreciation	5,284	3,466	3,807
Amortization of debt issuance costs	47
Restricted stock and stock option expense	10,271	2,900	4,349
Deferred federal income taxes	(7,201)	(828)	(3)
Amortization of bond premium and discount, net	13,643	9,103	6,696
Net realized investment (gains) losses	3,374	(35,860)	(27,412)
Equity in the earnings of a partnership	(2,533)	0	0
Gain on the disposition of subsidiary			(5,166)
Changes in:
Premiums receivable, net	25,325	(6,698)	(12,136)
Reinsurance receivables, net	23,966	72,169	43,940
Funds held by ceding insurers	9,147	(6,514)	(11,252)
Unpaid losses and loss adjustment expenses	(84,914)	(103,994)	(99,639)
Unearned premiums	(6,764)	4,186	22,515
Ceded balances payable	(11,430)	(2,377)	976
Other assets and liabilities, net	(6,070)	(3,398)	(1,436)
Contingent commissions	(6,264)	308	2,766
Federal income tax receivable/payable	(1,689)	(4,734)	8,473
Deferred acquisition costs, net	(31,279)	(3,061)	(3,912)
Prepaid reinsurance premiums	3,868	474	746
Net cash provided by (used for) operating activities	3,750	(12,002)	(4,921)
Cash flows from investing activities:
Cash release from escrow for business acquisition	113,696
Acquisition of business, net of cash acquired	(92,336)
Proceeds from sale of fixed maturities	647,404	415,739	292,200
Proceeds from sale of equity securities	39,723	191,765	101,379
Proceeds from sale of preferred stock	1,540
Proceeds from maturity of fixed maturities	157,845	108,556	143,034
Proceeds from limited partnership distribution	5,959
Proceeds from sale of other invested assets		12
Proceeds from disposition of subsidiary, net of cash and cash equivalents disposed of $679			25,885
Cash deposited in escrow for purchase of American Reliable		(113,696)
Amount paid in connection with derivatives	(6,604)	(20,550)	(5,421)
Purchases of fixed maturities	(627,983)	(615,867)	(465,318)
Purchases of equity securities	(38,451)	(45,077)	(100,806)
Purchases of other invested assets	(3,550)	(30,120)	(16)
Net cash provided by (used for) investing activities	197,243	(109,238)	(9,063)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facilities	(99,027)	74,673	100,000
Redemption of ordinary shares	(189,770)
Proceeds from issuance of subordinated notes	100,000
Debt issuance cost	(3,659)
Purchases of A ordinary shares	(333)	(139)	(55)
Tax benefit on share-based compensation expense	10	37
Retirement of junior subordinated debentures			(30,929)
Principal payments of term debt			(54,000)
Net cash provided by (used for) financing activities	(192,779)	74,571	15,016
Net change in cash and cash equivalents	8,214	(46,669)	1,032
Cash and cash equivalents at beginning of period	58,823	105,492	104,460
Cash and cash equivalents at end of period	$ 67,037	$ 58,823	$ 105,492

Consolidated Statements of Cas8

Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands	12 Months Ended
	Dec. 31, 2013USD ($)
Proceeds from disposition of subsidiary, cash disposed	$ 679

Principles of Consolidation and

Principles of Consolidation and Basis of Presentation	12 Months Ended
	Dec. 31, 2015
Principles of Consolidation and Basis of Presentation	1. Principles of Consolidation and Basis of Presentation Global Indemnity plc (“Global Indemnity” or “the Company”) was incorporated on March 9, 2010 and is domiciled in Ireland. Global Indemnity replaced the Company’s predecessor, United America Indemnity, Ltd., as the ultimate parent company as a result of a re-domestication transaction in July, 2010. The Company’s A ordinary shares are publicly traded on the NASDAQ Global Select Market under the trading symbol “GBLI.” Starting in the 1 st quarter of 2015, the Company manages its business through three reportable business segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Company’s Commercial Lines, managed in Bala Cynwyd, PA, offers specialty property and casualty insurance products in the excess and surplus lines marketplace. The Company manages its Commercial Lines by differentiating them into three product classifications: Penn-America, which markets property and general liability products to small commercial businesses through a select network of wholesale general agents with specific binding authority; United National, which markets insurance products for targeted insured segments, including specialty products, such as property, general liability, and professional lines through program administrators with specific binding authority; and Diamond State, which markets property, casualty, and professional lines products, which are developed by the Company’s underwriting department by individuals with expertise in those lines of business, through wholesale brokers and also markets through program administrators having specific binding authority. These product classifications comprise the Company’s Commercial Lines business segment and are not considered individual business segments because each product has similar economic characteristics, distribution, and coverage. The Company’s Personal Lines segment, via the American Reliable product classification, offers specialty personal lines and agricultural coverage through general and specialty agents with specific binding authority on an admitted basis and is managed in Scottsdale, AZ. Collectively, the Company’s U.S. insurance subsidiaries are licensed in all 50 states and the District of Columbia. The Company’s Reinsurance Operations consist solely of the operations of its Bermuda-based wholly-owned subsidiary, Global Indemnity Reinsurance. Global Indemnity Reinsurance is a treaty reinsurer of specialty property and casualty insurance and reinsurance companies. The Company’s Reinsurance Operations segment provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. The consolidated financial statements have been prepared in conformity with United States of America generally accepted accounting principles (“GAAP”), which differs in certain respects from those principles followed in reports to insurance regulatory authorities. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The consolidated financial statements include the accounts of Global Indemnity and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Consolidated Statement of Cash Flows for the year ended December 31, 2013 that was included in the Form 10-K for the annual period ended December 31, 2013 classified $3.0 million as “Other assets and liabilities, net” within the “Cash flows from operating activities” section. These amounts were properly reclassified to the line item “Amortization and depreciation” in the Consolidated Statement of Cash Flows for the year ended December 31, 2013 as included in this Form 10-K for the annual period ended December 31, 2015 (“the December 31, 2015 10K”). These reclassifications do not impact “Net cash flows used for operating activities” nor does it impact any other financial metric or disclosure within the December 31, 2015 10K. The Company does not believe that these adjustments are material to the current or to any prior years’ consolidated financial statements. Certain other prior period amounts have been reclassified to conform to the current period presentation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2015
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Restricted Cash At December 31, 2014, the Company had $113.7 million of cash in escrow to fund the acquisition of American Reliable on January 1, 2015. The funds were released from escrow when the transaction settled on January 1, 2015. See note 3 for further information on the acquisition of American Reliable. Investments The Company’s investments in fixed maturities and equity securities are classified as available for sale and are carried at their fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair values of the Company’s available for sale portfolio, excluding limited partnership interests, are determined on the basis of quoted market prices where available. If quoted market prices are not available, the Company uses third party pricing services to assist in determining fair value. In many instances, these services examine the pricing of similar instruments to estimate fair value. The Company purchases bonds with the expectation of holding them to their maturity; however, changes to the portfolio are sometimes required to assure it is appropriately matched to liabilities. In addition, changes in financial market conditions and tax considerations may cause the Company to sell an investment before it matures. The difference between amortized cost and fair value of the Company’s available for sale investments, net of the effect of deferred income taxes, is reflected in accumulated other comprehensive income in shareholders’ equity and, accordingly, has no effect on net income other than for the credit loss component of impairments deemed to be other than temporary. For investments in limited liability partnerships where the ownership interest is less than 3%, the Company carries these investments at fair value, and the change in the difference between cost and the fair value of the partnership interests, net of the effect of deferred income taxes, is reflected in accumulated other comprehensive income in shareholders’ equity and, accordingly, has no effect on net income other than for impairments deemed to be other than temporary. The Company uses the equity method to account for an investment in a limited partnership where its ownership interest exceeds 3%. The equity method of accounting for an investment in a limited partnership requires that its cost basis be updated to account for the income or loss earned on the investment. The income or loss associated with the partnerships is reflected in the Statement of Operations and the adjusted cost basis approximates fair value. The Company’s investments in other invested assets were valued at $32.6 million and $33.7 million as of December 31, 2015 and 2014, respectively. Both of these amounts relate to investments in limited partnerships. The Company does not have access to daily valuations, therefore; the estimated fair value of the limited partnerships are based on net asset value as a practical expedient for the limited partnerships. Net realized gains and losses on investments are determined based on the first-in, first-out method. The Company regularly performs various analytical valuation procedures with respect to its investments, including reviewing each fixed maturity security in an unrealized loss position to assess whether the security has a credit loss. Specifically, the Company considers credit rating, market price, and issuer specific financial information, among other factors, to assess the likelihood of collection of all principal and interest as contractually due. Securities for which the Company determines that a credit loss is likely are subjected to further analysis through discounted cash flow testing to estimate the credit loss to be recognized in earnings, if any. The specific methodologies and significant assumptions used by asset class are discussed below. Upon identification of such securities and periodically thereafter, a detailed review is performed to determine whether the decline is considered other than temporary. This review includes an analysis of several factors, including but not limited to, the credit ratings and cash flows of the securities and the magnitude and length of time that the fair value of such securities is below cost. For fixed maturities, the factors considered in reaching the conclusion that a decline below cost is other than temporary include, among others, whether: (1) the issuer is in financial distress; (2) the investment is secured; (3) a significant credit rating action occurred; (4) scheduled interest payments were delayed or missed; (5) changes in laws or regulations have affected an issuer or industry; (6) the investment has an unrealized loss and was identified by the Company’s investment manager as an investment to be sold before recovery or maturity; and (7) the investment failed cash flow projection testing to determine if anticipated principal and interest payments will be realized. According to accounting guidance for debt securities in an unrealized loss position, the Company is required to assess whether it has the intent to sell the debt security or more likely than not will be required to sell the debt security before the anticipated recovery. If either of these conditions is met the Company must recognize an other than temporary impairment with the entire unrealized loss being recorded through earnings. For debt securities in an unrealized loss position not meeting these conditions, the Company assesses whether the impairment of a security is other than temporary. If the impairment is deemed to be other than temporary, the Company must separate the other than temporary impairment into two components: the amount representing the credit loss and the amount related to all other factors, such as changes in interest rates. The credit loss represents the portion of the amortized book value in excess of the net present value of the projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment. The credit loss component of the other than temporary impairment is recorded through earnings, whereas the amount relating to factors other than credit losses is recorded in other comprehensive income, net of taxes. For equity securities, management carefully reviews all securities with unrealized losses to determine if a security should be impaired and further focuses on securities that have either: (1) persisted with unrealized losses for more than twelve consecutive months or (2) the value of the investment has been 20% or more below cost for six continuous months or more. The amount of any write-down, including those that are deemed to be other than temporary, is included in earnings as a realized loss in the period in which the impairment arose. For an analysis of other than temporary losses that were recorded for the years ended December 31, 2015, 2014, and 2013, please see Note 4 below. Variable Interest Entities The Company has variable interest in a Variable Interest Entity (‘VIE”) for which it is not the primary beneficiary and accounts for this VIE under the equity method since its ownership interest exceeds 3%. This partnership is deemed to be a VIE because the equity holders invest as passive limited partners and as a group lack power to direct the activities that most significantly impact the respective entity’s economic performance. The VIE generates variability from investment portfolio performance and that variability is passed to the equity holders. For this VIE, the Company absorbs a portion, but not the majority of this variability, based on its proportional equity interest. The fair value of the non-consolidated VIE, in which the Company has a significant variable interest, was $32.6 million and $30.3 million as of December 31, 2015 and 2014, respectively. The Company’s maximum exposure to loss was $52.6 million and $50.3 million as of December 31, 2015 and 2014, respectively. Maximum exposure to loss includes the fair value of the Company’s investment in this VIE and its unfunded commitment to the VIE. The Company’s investment in this VIE is included in other invested assets on the consolidated balance sheet with changes in fair value recorded in the statement of operations. Cash and Cash Equivalents For the purpose of the statements of cash flows, the Company considers all liquid instruments with an original maturity of three months or less to be cash equivalents. The Company has a cash management program that provides for the investment of excess cash balances primarily in short-term money market instruments. Generally, bank balances exceed federally insured limits. The carrying amount of cash and cash equivalents approximates fair value. At December 31, 2015, the Company had approximately $61.8 million of cash and cash equivalents that was invested in a diversified portfolio of high quality short-term debt securities. Valuation of Premium Receivable The Company evaluates the collectability of premium receivable based on a combination of factors. In instances in which the Company is aware of a specific circumstance where a party may be unable to meet its financial obligations to the Company, a specific allowance for bad debts against amounts due is recorded to reduce the net receivable to the amount reasonably believed by management to be collectible. For all remaining balances, allowances are recognized for bad debts based on the length of time the receivables are past due. The allowance for bad debts was $1.6 million and $1.5 million as of December 31, 2015 and 2014, respectively. Goodwill and Intangible Assets The Company tests for impairment of goodwill at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance. Accounting guidance allows for the testing of goodwill for impairment using both qualitative and quantitative factors. Impairment of goodwill is recognized only if the carrying amount of the reporting unit, including goodwill, exceeds the fair value of the reporting unit. The amount of the impairment loss would be equal to the excess carrying value of the goodwill over the implied fair value of the reporting unit goodwill. Based on the qualitative assessment performed, there was no impairment of goodwill as of December 31, 2015. Impairment of intangible assets with an indefinite useful life is tested at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance. Accounting guidance allows for the testing of indefinite lived intangible assets for impairment using both qualitative and quantitative factors. Impairment of indefinite lived intangible assets is recognized only if the carrying amount of the intangible assets exceeds the fair value of said assets. The amount of the impairment loss would be equal to the excess carrying value of the assets over the fair value of said assets. Based on the qualitative assessment performed, there were no impairments of indefinite lived intangible assets as of December 31, 2015. Intangible assets that are not deemed to have an indefinite useful life are amortized over their estimated useful lives. The carrying amounts of definite lived intangible assets are regularly reviewed for indicators of impairment in accordance with applicable accounting guidance. Impairment is recognized only if the carrying amount of the intangible asset is in excess of its undiscounted projected cash flows. The impairment is measured as the difference between the carrying amount and the estimated fair value of the asset. As of December 31, 2015, there were no triggering events that occurred during the year that would result in an impairment of definite lived intangible assets. See note 7 for additional information on goodwill and intangible assets. Reinsurance In the normal course of business, the Company seeks to reduce the loss that may arise from events that cause unfavorable underwriting results by reinsuring certain levels of risk from various areas of exposure with reinsurers. Amounts receivable from reinsurers are estimated in a manner consistent with the reinsured policy and the reinsurance contract. The Company regularly reviews the collectability of reinsurance receivables. An allowance for uncollectible reinsurance receivable is recognized based on the financial strength of the reinsurers and the length of time any balances are past due. Any changes in the allowance resulting from this review are included in net losses and loss adjustment expenses on the statement of operations during the period in which the determination is made. The allowance for uncollectible reinsurance was $9.7 million and $9.4 million as of December 31, 2015 and 2014, respectively. The applicable accounting guidance requires that the reinsurer must assume significant insurance risk under the reinsured portions of the underlying insurance contracts and that there must be a reasonably possible chance that the reinsurer may realize a significant loss from the transaction. The Company has evaluated its reinsurance contracts and concluded that each contract qualifies for reinsurance accounting treatment pursuant to this guidance. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided when it is more likely than not that some portion of the deferred tax assets will not be realized. The deferred tax asset balance is analyzed regularly by management. This assessment requires significant judgment and considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of carryforward periods, and tax planning strategies and/or actions. Management believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the remaining deferred income tax assets, and accordingly, the Company has not established any valuation allowances. Deferred Acquisition Costs The costs of acquiring new and renewal insurance and reinsurance contracts include commissions, premium taxes and certain other costs that are directly related to the successful acquisition of new and renewal insurance and reinsurance contracts. The excess of the Company’s costs of acquiring new and renewal insurance and reinsurance contracts over the related ceding commissions earned from reinsurers is capitalized as deferred acquisition costs and amortized over the period in which the related premiums are earned. The amortization of deferred acquisition costs for the years ended December 31, 2015, 2014, and 2013 was $86.2 million, $57.1 million, and $53.8 million, respectively. Premium Deficiency A premium deficiency is recognized if the sum of expected loss and loss adjustment expenses and unamortized acquisition costs exceeds related unearned premium after consideration of investment income. This evaluation is done at a product line level in Insurance Operations and at a treaty level in Reinsurance Operations. Any future expected loss on the related unearned premium is recorded first by impairing the unamortized acquisition costs on the related unearned premium followed by an increase to loss and loss adjustment expense reserves on additional expected loss in excess of unamortized acquisition costs. For the years ended December 31, 2015, 2014, and 2013, the total premium deficiency charges were $0.2 million, $0.4 million, and $1.7 million, respectively, comprised solely of reductions to unamortized deferred acquisition costs within the commercial automobile lines in the Commercial Lines Segment. Based on the Company’s analysis, the Company expensed acquisition cost as incurred for the remainder of 2013, 2014 and 2015 for the commercial automobile lines in the Commercial Lines Segment. As the charges were a reduction of unamortized deferred acquisition costs in each respective period, no premium deficiency reserve existed as of December 31, 2015 or 2014. Derivative Instruments The Company uses derivative instruments to manage its exposure to cash flow variability from interest rate risk. The derivative instruments are carried on the balance sheet at fair value and included in other assets or other liabilities. Changes in the fair value of the derivative instruments and the periodic net interest settlements under the derivatives instruments are recognized as net realized investment gains on the consolidated statement of operations. Margin Borrowing Facilities The carrying amounts reported in the balance sheet represent the outstanding borrowings. The outstanding borrowings are due on demand; therefore, the cash receipts and cash payments related to the margin borrowing facilities are shown net in the consolidated statement of cash flows. Subordinated Notes The carrying amounts reported in the balance sheet represent the outstanding balances, net of deferred issuance cost. See note 11 for details. Notes and Debentures Payable In 2013, the Company repaid the entire outstanding principal due on the junior subordinated debentures. The Company’s business trust subsidiaries were cancelled in the 4 th quarter of 2013. Unpaid Losses and Loss Adjustment Expenses The liability for unpaid losses and loss adjustment expenses represents the Company’s best estimate of future amounts needed to pay losses and related settlement expenses with respect to events insured by the Company. This liability is based upon the accumulation of individual case estimates for losses reported prior to the close of the accounting period with respect to direct business, estimates received from ceding companies with respect to assumed reinsurance, and estimates of unreported losses. The process of establishing the liability for unpaid losses and loss adjustment is complex, requiring the use of informed actuarially based estimates and management’s judgment. In some cases, significant periods of time, up to several years or more, may elapse between the occurrence of an insured loss and the reporting of that loss to the Company. To establish this liability, the Company regularly reviews and updates the methods of making such estimates and establishing the resulting liabilities. Any resulting adjustments are recorded in statement of operations during the period in which the determination is made. Premiums Premiums are recognized as revenue ratably over the term of the respective policies and treaties. Unearned premiums are computed on a pro rata basis to the day of expiration. Contingent Commissions Certain professional general agencies of the Insurance Operations are paid special incentives, referred to as contingent commissions, when results of business produced by these agencies are more favorable than predetermined thresholds. Similarly, in some circumstances, companies that cede business to the Reinsurance Operations are paid profit commissions based on the profitability of the ceded portfolio. These commissions are charged to other underwriting expenses when incurred. Share-Based Compensation The Company accounts for stock options and other equity based compensation using the modified prospective application of the fair value-based method permitted by the appropriate accounting guidance. See Note 15 for details. Earnings per Share Basic earnings per share have been calculated by dividing net income available to common shareholders by the weighted-average ordinary shares outstanding. Diluted earnings per share has been calculated by dividing net income available to common shareholders by the sum of the weighted-average ordinary shares outstanding and the weighted-average common share equivalents outstanding, which include options and other equity awards. See Note 17 for details. Foreign Currency The Company maintains investments and cash accounts in foreign currencies related to the operations of its business. At period-end, the Company re-measures non-U.S. currency financial assets to their current U.S. dollar equivalent. The resulting gain or loss for foreign denominated investments is reflected in accumulated other comprehensive income in shareholders’ equity; whereas, the gain or loss on foreign denominated cash accounts is reflected in income during the period. Financial liabilities, if any, are generally adjusted within the reserving process. However, for known losses on claims to be paid in foreign currencies, the Company re-measures the liabilities to their current U.S. dollar equivalent each period end with the resulting gain or loss reflected in income during the period. Net transaction gains, primarily comprised of re-measurement of known losses on claims to be paid in foreign currencies, were $0.4 million, $0.5 million and $0.3 million for the years ended December 31, 2015, 2014, and 2013, respectively. Other income On December 31, 2013, Diamond State Insurance Company sold all the outstanding shares of capital stock of one of its wholly owned subsidiaries, United National Casualty Insurance Company to an unrelated party. Diamond State Insurance Company received a one-time payment of $26.6 million and recognized a pretax gain of $5.2 million which is reflected in other income in 2013. Management deemed this transaction to be an asset sale with the assets primarily comprised of investments and insurance licenses. This transaction did not have a significant impact on the ongoing business operations of the Company. In addition, other income is comprised of fee income on policies issued, commission income, accrued interest on the anticipated indemnification of unpaid loss and loss adjustment expense reserve, and foreign exchange gains and losses.

Acquisition

Acquisition	12 Months Ended
	Dec. 31, 2015
Acquisition	3. Acquisition On January 1, 2015, Global Indemnity Group, Inc., a subsidiary of the Company, acquired 100% of the voting equity interest of American Reliable from American Bankers Insurance Group, Inc. by paying $113.7 million in cash and assuming $283.9 million of customary insurance related liabilities, obligations, and mandates. Per the American Reliable SPA, the ultimate purchase price is subject to (i) accounting procedures that were performed in 2015 to determine GAAP book value and (ii) indemnification on future development on recorded loss and loss adjustment expenses as of December 31, 2014. In accordance with the American Reliable SPA, on the third calendar year following the calendar year of the closing, if loss and loss adjustment expenses for accident years 2014 and prior are lower than recorded unpaid loss and loss adjustment expenses as of December 31, 2014, Global Indemnity Group, Inc. will pay the variance to American Bankers Group, Inc. Conversely, if loss and loss adjustment expenses for accident years 2014 and prior exceed recorded unpaid loss and loss adjustment expenses as of December 31, 2014, American Bankers Group, Inc. will pay the variance to Global Indemnity Group, Inc. In accordance with a dispute resolution agreement between Global Indemnity Group, Inc. and American Bankers Group, Inc., any variance paid related to the loss indemnification will be subject to interest of 5% compounded semi-annually. The Company’s current estimate of the purchase price, based on available financial information, is approximately $99.8 million. The results of American Reliable’s operations have been included in the Company’s consolidated financial statements since the date of the acquisition on January 1, 2015. The purchase of American Reliable expanded Global Indemnity’s product offerings. American Reliable is a specialty company that distributes personal lines products written on an admitted basis that are unusual and harder to place. It complements Global Indemnity’s existing US Insurance Operations that primarily distribute commercial lines products on an excess and surplus lines basis. American Reliable is domiciled in Arizona and as such is subject to its state insurance department regulations. For the year ended December 31, 2015, American Reliable had total revenues of $259.0 million and pre-tax loss of $4.2 million. These amounts are included in the Company’s results of operations for the year ended December 31, 2015. The following table presents the Company’s unaudited pro forma consolidated results of operations for the years December 31, 2015 and 2014 as if the acquisition had occurred on January 1, 2014 instead of January 1, 2015. Pro Forma Years Ended December 31, (Dollars in thousands except per share data) 2015 2014 Total Revenue $ 538,778 $ 597,583 Net Income (Loss) $ 46,864 $ 63,053 Net Income (Loss) per share (diluted) $ 1.91 $ 2.46 The pro forma results were calculated by applying the Company’s accounting policies and adjusting the result of American Reliable to reflect (i) the impact of intercompany reinsurance with Global Indemnity Reinsurance, (ii) the impact on interest expense resulting from changes to the Company’s capital structure in connection with the acquisition, (iii) the impact on investment income from the acquisition date adjustments to fair value of investments, (iv) the impact on underwriting expenses from the acquisition date adjustments to fair value of deferred acquisition costs and intangible assets, (v) the impact of excluding transaction costs related to the acquisition and (vi) the tax effects of the above adjustments. The pro forma results do not include any anticipated cost synergies or other effects of the integration of American Reliable. Such pro forma amounts are not indicative of the results that actually would have occurred had the acquisition been completed on January 1, 2014, nor are they indicative of the future operating results of the combined company. The Company has finalized its process of valuing the assets acquired and liabilities assumed. The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of the acquisition as of December 31, 2015 compared to September 30, 2015 along with changes in estimates made during the quarter. As of (Dollars in thousands) December 31, 2015 September 30, 2015 Change ASSETS: Investments $ 226,458 $ 226,458 $ — Cash and cash equivalents 21,360 21,360 — Premiums receivables, net 26,102 25,941 161 Accounts receivable 11,311 11,311 — Reinsurance receivables 13,842 13,842 — Prepaid reinsurance premiums 43,506 43,506 — Intangible assets 32,000 32,000 — Deferred federal income taxes 915 1,139 (224 ) Other assets 6,473 6,550 (77 ) Total assets 381,967 382,107 (140 ) LIABILITIES: Unearned premiums 172,234 172,234 — Unpaid losses and loss adjustment expenses 89,489 89,489 — Reinsurance balances payable 13,219 13,219 — Contingent commissions 3,903 3,876 27 Other liabilities 5,026 5,608 (582 ) Total liabilities 283,871 284,426 (555 ) Estimated fair value of net assets acquired 98,096 97,681 415 Purchase price 99,797 99,797 — Goodwill $ 1,701 $ 2,116 $ (415 ) The transaction is being accounted for using the purchase method of accounting. The assets and liabilities acquired by the Company were adjusted to estimated fair value. The $1.7 million excess of cash and acquisition cost over the estimated fair value of assets acquired was recognized as goodwill. Under the purchase method of accounting, goodwill is not amortized but is tested for impairment at least annually. Goodwill of $1.7 million, arising from the acquisition, consists largely of the synergies and economies of scales expected from combining the operations of Global Indemnity and American Reliable. The Company has determined that the goodwill of $1.7million will be assigned to the Personal Lines segment. There is no tax goodwill. An identification and valuation of intangible assets was performed that resulted in the recognition of intangible assets of $32.0 million with values assigned as follows: (Dollars in thousands) Description Useful Life Amount State insurance licenses Indefinite $ 5,000 Value of business acquired < 1 year 25,500 Agent relationships 10 years 900 Trade name 7 years 600 $ 32,000 Intangible assets arising from the acquisition will be deductible for income tax purposes over 15 years. The following table presents details of the Company’s intangible assets arising from the American Reliable acquisition as of December 31, 2015: (Dollars in thousands) Description Useful Life Cost Accumulated Net State insurance licenses Indefinite $ 5,000 $ — $ 5,000 Value of business acquired < 1 year 25,500 25,500 0 Agent relationships 10 years 900 90 810 Trade name 7 years 600 86 514 $ 32,000 $ 25,676 $ 6,324 Amortization related to the Company’s definite lived intangible assets resulting from American Reliable acquisition was $25.7 million for the year ended December 31, 2015. The Company expects that amortization expense for the next five years related to the American Reliable acquisition will be as follows: (Dollars in thousands) 2016 $ 176 2017 176 2018 176 2019 176 2020 176 The fair value, gross contractual amounts due, and contractual cash flows not expected to be collected of acquired receivables are as follows: (Dollars in thousands) Fair Value Gross Contractual Premium receivables $ 26,102 $ 26,896 $ 794 Accounts receivable 11,311 11,311 — Reinsurance receivables 13,842 13,842 — In connection with the acquisition, the Company agreed to pay to Fox Paine & Company an investment banking fee of 3% of the amount paid plus the additional capital required to operate American Reliable on a standalone basis and a $1.5 million investment advisory fee, which in the aggregate, totaled $6.5 million. This amount is included in corporate and other operating expenses on the Company’s Consolidated Statements of Operations during the year ended December 31, 2015. As payment for these fees, 267,702 A ordinary shares of Global Indemnity were issued under the Global Indemnity plc Share Incentive Plan in May, 2015. These shares will be registered but cannot be sold until the earlier of five years or a change of control. See Note 15 for additional information on the Global Indemnity plc Share Incentive Plan. Additional costs, mainly professional fees, of $5.1 million were incurred in connection with the acquisition of American Reliable. Of this amount, $1.8 million and $3.3 million was recorded as corporate and other operating expenses on the Company’s Consolidated Statements of Operations during the years ended December 31, 2015 and 2014, respectively. No acquisition costs were incurred during the year ended December 31, 2013. During the year ended December 31, 2015, the Company paid approximately $1.6 million in employee compensation related cost, which were related to periods prior to the Acquisition. These costs were accrued by American Reliable and were included in the fair value of net assets acquired by Global Indemnity Group, Inc. on January 1, 2015.

Investments

Investments	12 Months Ended
	Dec. 31, 2015
Investments	4. Investments The amortized cost and estimated fair value of investments were as follows as of December 31, 2015 and 2014: (Dollars in thousands) Amortized Cost Gross Gross Estimated Other than As of December 31, 2015 Fixed maturities: U.S. treasury and agency obligations $ 106,303 $ 1,140 $ (321 ) $ 107,122 $ — Obligations of states and political subdivisions 203,121 2,576 (457 ) 205,240 — Mortgage-backed securities 157,753 2,113 (743 ) 159,123 — Asset-backed securities 261,008 435 (1,421 ) 260,022 (9 ) Commercial mortgage-backed securities 142,742 — (2,352 ) 140,390 — Corporate bonds 334,720 685 (3,294 ) 332,111 — Foreign corporate bonds 102,686 194 (739 ) 102,141 — Total fixed maturities 1,308,333 7,143 (9,327 ) 1,306,149 (9 ) Common stock 100,157 16,118 (5,960 ) 110,315 — Other invested assets 32,592 — — 32,592 — Total $ 1,441,082 $ 23,261 $ (15,287 ) $ 1,449,056 $ (9 ) (1) Represents the total amount of other than temporary impairment losses relating to factors other than credit losses recognized in accumulated other comprehensive income (“AOCI”). (Dollars in thousands) Amortized Cost Gross Gross Estimated Other than As of December 31, 2014 Fixed maturities: U.S. treasury and agency obligations $ 78,569 $ 2,281 $ (83 ) $ 80,767 $ — Obligations of states and political subdivisions 188,452 3,718 (697 ) 191,473 — Mortgage-backed securities 205,814 3,709 (764 ) 208,759 (4 ) Asset-backed securities 177,853 713 (303 ) 178,263 (13 ) Commercial mortgage-backed securities 133,984 21 (847 ) 133,158 — Corporate bonds 380,704 3,421 (709 ) 383,416 — Foreign corporate bonds 107,572 625 (558 ) 107,639 — Total fixed maturities 1,272,948 14,488 (3,961 ) 1,283,475 (17 ) Common stock 99,297 25,689 (2,938 ) 122,048 — Other invested assets 33,174 489 — 33,663 — Total $ 1,405,419 $ 40,666 $ (6,899 ) $ 1,439,186 $ (17 ) (1) Represents the total amount of other than temporary impairment losses relating to factors other than credit losses recognized in accumulated other comprehensive income (“AOCI”). Excluding U.S. treasuries and agency bonds, the Company did not hold any debt or equity investments in a single issuer that was in excess of 5% and 4% of shareholders’ equity at December 31, 2015 and 2014, respectively. The amortized cost and estimated fair value of the Company’s fixed maturities portfolio classified as available for sale at December 31, 2015, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized Cost Estimated Due in one year or less $ 107,010 $ 107,582 Due in one year through five years 595,977 594,859 Due in five years through ten years 38,048 38,016 Due in ten years through fifteen years 1,738 2,137 Due after fifteen years 4,057 4,020 Mortgage-backed securities 157,753 159,123 Asset-backed securities 261,008 260,022 Commercial mortgage-backed securities 142,742 140,390 Total $ 1,308,333 $ 1,306,149 The following table contains an analysis of the Company’s securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of December 31, 2015: Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Fair Value Gross Fair Value Gross Fixed maturities: U.S. treasury and agency obligations $ 79,496 $ (321 ) $ — $ — $ 79,496 $ (321 ) Obligations of states and political subdivisions 49,708 (373 ) 7,732 (84 ) 57,440 (457 ) Mortgage-backed securities 63,759 (743 ) — — 63,759 (743 ) Asset-backed securities 203,381 (1,404 ) 4,843 (17 ) 208,224 (1,421 ) Commercial mortgage-backed securities 118,813 (2,005 ) 21,577 (347 ) 140,390 (2,352 ) Corporate bonds 211,364 (3,269 ) 2,120 (25 ) 213,484 (3,294 ) Foreign corporate bonds 63,860 (697 ) 5,129 (42 ) 68,989 (739 ) Total fixed maturities 790,381 (8,812 ) 41,401 (515 ) 831,782 (9,327 ) Common stock 36,798 (5,960 ) — — 36,798 (5,960 ) Total $ 827,179 $ (14,772 ) $ 41,401 $ (515 ) $ 868,580 $ (15,287 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired. The following table contains an analysis of the Company’s securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of December 31, 2014: Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Fair Value Gross Fair Value Gross Fixed maturities: U.S. treasury and agency obligations $ 11,728 $ (9 ) $ 3,343 $ (74 ) $ 15,071 $ (83 ) Obligations of states and political subdivisions 28,684 (314 ) 28,061 (383 ) 56,745 (697 ) Mortgage-backed securities 2,818 (7 ) 51,203 (757 ) 54,021 (764 ) Asset-backed securities 92,123 (283 ) 1,683 (20 ) 93,806 (303 ) Commercial mortgage-backed securities 92,664 (525 ) 26,280 (322 ) 118,944 (847 ) Corporate bonds 144,505 (656 ) 3,216 (53 ) 147,721 (709 ) Foreign corporate bonds 60,518 (558 ) — — 60,518 (558 ) Total fixed maturities 433,040 (2,352 ) 113,786 (1,609 ) 546,826 (3,961 ) Common stock 20,002 (2,808 ) 1,577 (130 ) 21,579 (2,938 ) Total $ 453,042 $ (5,160 ) $ 115,363 $ (1,739 ) $ 568,405 $ (6,899 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired. Subject to the risks and uncertainties in evaluating the potential impairment of a security’s value, the impairment evaluation conducted by the Company as of December 31, 2015 concluded the unrealized losses discussed above are not other than temporary impairments. The impairment evaluation process is discussed in the “Investment” section of Note 2 (“Summary of Significant Accounting Policies”). The following is a description, by asset type, of the methodology and significant inputs that the Company used to measure the amount of credit loss recognized in earnings, if any: U.S. treasury and agency obligations Obligations of states and political subdivisions Mortgage-backed securities (“MBS”)— Asset backed securities (“ABS”)— Commercial mortgage-backed securities (“CMBS”)— Corporate bonds— Foreign bonds Common stock The Company recorded the following other than temporary impairments (“OTTI”) on its investment portfolio for the years ended December 31, 2015, 2014, and 2013: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities: OTTI losses, gross $ (24 ) $ (31 ) $ (280 ) Portion of loss recognized in other comprehensive income (pre-tax) — — — Net impairment losses on fixed maturities recognized in earnings (24 ) (31 ) (280 ) Equity securities (7,311 ) (470 ) (959 ) Total $ (7,335 ) $ (501 ) $ (1,239 ) The following table is an analysis of the credit losses recognized in earnings on fixed maturities held by the Company as of December 31, 2015, 2014, and 2013 for which a portion of the OTTI loss was recognized in other comprehensive income. Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Balance at beginning of period $ 50 $ 54 $ 86 Additions where no OTTI was previously recorded — — — Additions where an OTTI was previously recorded — — — Reductions for securities for which the company intends to sell or more likely than not will be required to sell before recovery — — — Reductions reflecting increases in expected cash flows to be collected — — — Reductions for securities sold during the period (19 ) (4 ) (32 ) Balance at end of period $ 31 $ 50 $ 54 Accumulated Other Comprehensive Income, Net of Tax Accumulated other comprehensive income, net of tax, as of December 31, 2015 and 2014 was as follows: (Dollars in thousands) December 31, 2015 2014 Net unrealized gains (losses) from: Fixed maturities $ (2,184 ) $ 10,527 Common stock 10,158 22,751 Other — 369 Deferred taxes (3,896 ) (10,263 ) Accumulated other comprehensive income, net of tax $ 4,078 $ 23,384 The following tables present the changes in accumulated other comprehensive income, net of tax, by component for the years ended December 31, 2015 and 2014: Year Ended December 31, 2015 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 23,647 $ (263 ) $ 23,384 Other comprehensive income (loss) before reclassification (17,065 ) (256 ) (17,321 ) Amounts reclassified from accumulated other comprehensive income (loss) (2,382 ) 397 (1,985 ) Other comprehensive income (loss) (19,447 ) 141 (19,306 ) Ending balance $ 4,200 $ (122 ) $ 4,078 Year Ended December 31, 2014 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 53,950 $ 78 $ 54,028 Other comprehensive income (loss) before reclassification 6,820 (287 ) 6,533 Amounts reclassified from accumulated other comprehensive income (loss) (37,123 ) (54 ) (37,177 ) Other comprehensive income (loss) (30,303 ) (341 ) (30,644 ) Ending balance $ 23,647 $ (263 ) $ 23,384 The reclassifications out of accumulated other comprehensive income for the years ended December 31, 2015 and 2014 were as follows: Amounts Reclassified from Years Ended December 31, Dollars in thousands) Details about Accumulated Other Comprehensive Income Components Affected Line Item in the Consolidated Statements of Operations 2015 2014 Unrealized gains and losses on available for sale securities Other net realized investment (gains) $ (11,559 ) $ (57,114 ) Other than temporary impairment losses on investments 7,335 501 Total before tax (4,224 ) (56,613 ) Income tax expense 1,842 19,490 Unrealized gains and losses on available for sale securities, net of tax $ (2,382 ) $ (37,123 ) Foreign currency items Other net realized investment (gains) losses $ 610 $ (83 ) Income tax expense (benefit) (213 ) 29 Foreign currency items, net of tax $ 397 $ (54 ) Total reclassifications Total reclassifications, net of tax $ (1,985 ) $ (37,177 ) Net Realized Investment Gains (Losses) The components of net realized investment gains (losses) for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities: Gross realized gains $ 3,565 $ 2,843 $ 1,857 Gross realized losses (2,180 ) (703 ) (691 ) Net realized gains 1,385 2,140 1,166 Common stock: Gross realized gains 10,379 55,907 27,302 Gross realized losses (8,246 ) (1,351 ) (2,483 ) Net realized gains 2,133 54,556 24,819 Preferred stock: Gross realized gains 96 0 0 Gross realized losses — 0 0 Net realized gains 96 0 0 Derivatives: Gross realized gains — — 1,668 Gross realized losses (6,988 ) (20,836 ) (241 ) Net realized gains (losses) (6,988 ) (20,836 ) 1,427 Total net realized investment gains (losses) $ (3,374 ) $ 35,860 $ 27,412 The proceeds from sales of available for sale securities resulting in net realized investment gains (losses) for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities $ 647,404 $ 415,739 $ 292,200 Equity securities 39,723 191,765 101,379 Preferred stock 1,540 — — Net Investment Income The sources of net investment income for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities $ 32,091 $ 26,788 $ 35,669 Equity securities 3,125 5,484 5,452 Cash and cash equivalents 82 61 126 Other invested assets 2,620 87 141 Total investment income 37,918 32,420 41,388 Investment expense (3,309 ) (3,599 ) (4,179 ) Net investment income $ 34,609 $ 28,821 $ 37,209 The Company’s total investment return on a pre-tax basis for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Net investment income $ 34,609 $ 28,821 $ 37,209 Net realized investment gains(losses) (3,374 ) 35,860 27,412 Change in unrealized holding gains and losses (25,673 ) (45,861 ) 7,301 Net realized and unrealized investment returns (29,047 ) (10,001 ) 34,713 Total investment return $ 5,562 $ 18,820 $ 71,922 Total investment return % 0.3 % 1.2 % 4.6 % Average investment portfolio $ 1,752,785 $ 1,533,104 $ 1,549,747 Insurance Enhanced Asset-Backed and Credit Securities As of December 31, 2015, the Company held insurance enhanced asset-backed and credit securities with a market value of approximately $39.3 million. Approximately $18.6 million of these securities were tax-free municipal bonds, which represented approximately 1.2% of the Company’s total cash and invested assets, net of payable/ receivable for securities purchased and sold. These securities had an average rating of “A+.” Approximately $8.5 million of these bonds are pre-refunded with U.S. treasury securities, of which $0.5 million are backed by financial guarantors, meaning that funds have been set aside in escrow to satisfy the future interest and principal obligations of the bond. Of the remaining $10.1 million of insurance enhanced municipal bonds, $0.5 million would have carried a lower credit rating had they not been insured. The following table provides a breakdown of the ratings for these municipal bonds with and without insurance. (Dollars in thousands) Rating Ratings with Insurance Ratings without Insurance AA $ 507 $ — BB — 507 Total $ 507 $ 507 A summary of the Company’s insurance enhanced municipal bonds that are backed by financial guarantors, including the pre-refunded bonds that are escrowed in U.S. government obligations, as of December 31, 2015, is as follows: (Dollars in thousands) Financial Guarantor Total Pre-refunded Government Exposure Net of Pre-refunded Securities Ambac Financial Group $ 1,541 $ 469 $ — $ 1,072 Assured Guaranty Corporation 3,616 — — 3,616 Municipal Bond Insurance Association 4,865 — — 4,865 Gov’t National Housing Association 551 — 551 — Total backed by financial guarantors 10,573 469 551 9,553 Other credit enhanced municipal bonds 7,982 7,982 — — Total $ 18,555 $ 8,451 $ 551 $ 9,553 In addition to the tax-free municipal bonds, the Company held $20.7 million of insurance enhanced asset-backed and taxable municipal bonds, which represented approximately 1.4% of the Company’s total invested assets, net of receivable/payable for securities purchased and sold. The financial guarantors of the Company’s $20.7 million of insurance enhanced asset-backed and taxable municipal securities include Municipal Bond Insurance Association ($5.0 million), Ambac Financial Group ($1.3 million), Assured Guaranty Corporation ($14.2 million), and Financial Guaranty Insurance Group ($0.2 million). The Company had no direct investments in the entities that have provided financial guarantees or other credit support to any security held by the Company at December 31, 2015. Bonds Held on Deposit Certain cash balances, cash equivalents, equity securities, and bonds available for sale were deposited with various governmental authorities in accordance with statutory requirements, were held as collateral pursuant to borrowing arrangements, or were held in trust pursuant to intercompany reinsurance agreements. The fair values were as follows as of December 31, 2015 and 2014: Estimated Fair Value (Dollars in thousands) December 31, December 31, On deposit with governmental authorities $ 38,815 $ 32,790 Intercompany trusts held for the benefit of U.S. policyholders 643,216 495,301 Held in trust pursuant to third party requirements 66,544 95,828 Letter of credit held for third party requirements 5,598 9,340 Securities held as collateral for borrowing arrangements (1) 95,647 222,809 Total $ 849,820 $ 856,068 (1) Amount required to collateralize margin borrowing facilities.

Derivative Instruments

Derivative Instruments	12 Months Ended
	Dec. 31, 2015
Derivative Instruments	5. Derivative Instruments Interest rate swaps are used by the Company primarily to reduce risks from changes in interest rates. Under the terms of the interest rate swaps, the Company agrees with another party to exchange, at specified intervals, the difference between fixed rate and floating rate interest amounts as calculated by reference to an agreed notional amount. The Company accounts for the interest rate swaps as non-hedge instruments and recognizes the fair value of the interest rate swaps in other assets or other liabilities on the consolidated balance sheets with the changes in fair value recognized as net realized investment gains in the consolidated statement of operations. The Company is ultimately responsible for the valuation of the interest rate swaps. To aid in determining the estimated fair value of the interest rate swaps, the Company relies on the forward interest rate curve and information obtained from a third party financial institution. The following table summarizes information on the location and the gross amount of the derivatives’ fair value on the consolidated balance sheets as of December 31, 2015 and 2014: (Dollars in thousands) Derivatives Not Designated as Hedging Instruments under ASC 815 Balance Sheet December 31, 2015 December 31, 2014 Notional Fair Notional Fair Value Interest rate swap agreements Other liabilities $ 200,000 $ (15,256 ) $ 200,000 $ (13,675 ) The following table summarizes the net gains (losses) included in the consolidated statement of operations for changes in the fair value of the derivatives and the periodic net interest settlements under the derivatives for the years ended December 31, 2015, 2014, and 2013: (Dollars in thousands) Statement of Operations Line Years Ended December 31, 2015 2014 2013 Interest rate swap agreements Net realized investment gains (losses) $ (6,988 ) $ (20,836 ) $ 1,427 As of December 31, 2015 and 2014, the Company is due $4.5 million and $5.4 million, respectively, for funds it needed to post to execute the swap transaction and $17.3 million and $15.3 million, respectively, for margin calls made in connection with the interest rate swaps. These amounts are included in other assets on the consolidated balance sheets.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2015
Fair Value Measurements	6. Fair Value Measurements The accounting standards related to fair value measurements define fair value, establish a framework for measuring fair value, outline a fair value hierarchy based on inputs used to measure fair value, and enhance disclosure requirements for fair value measurements. These standards do not change existing guidance as to whether or not an instrument is carried at fair value. The Company has determined that its fair value measurements are in accordance with the requirements of these accounting standards. The Company’s invested assets and derivative instruments are carried at their fair value and are categorized based upon a fair value hierarchy: • Level 1—inputs utilize quoted prices (unadjusted) in active markets for identical assets that the Company has the ability to access at the measurement date. • Level 2—inputs utilize other than quoted prices included in Level 1 that are observable for similar assets, either directly or indirectly. • Level 3—inputs are unobservable for the asset, and include situations where there is little, if any, market activity for the asset. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset. Effective October 1, 2015, the Company retrospectively adopted new accounting guidance that no longer requires investments measured at fair value using the net asset value per share practical expedient to be categorized within the fair value hierarchy. Therefore, the Company no longer includes its investments in limited partnerships within the fair value hierarchy disclosed below. Prior period amounts within the fair value hierarchy disclosures contained in this section have been revised to conform to the current period presentation. The following table presents information about the Company’s invested assets and derivative instruments measured at fair value on a recurring basis as of December 31, 2015 and 2014, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. As of December 31, 2015 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 101,264 $ 5,858 $ — $ 107,122 Obligations of states and political subdivisions — 205,240 — 205,240 Mortgage-backed securities — 159,123 — 159,123 Commercial mortgage-backed securities — 140,390 — 140,390 Asset-backed securities — 260,022 — 260,022 Corporate bonds — 332,111 — 332,111 Foreign corporate bonds — 102,141 — 102,141 Total fixed maturities 101,264 1,204,885 — 1,306,149 Common stock 110,315 — — 110,315 Total assets measured at fair value (1) $ 211,579 $ 1,204,885 $ — $ 1,416,464 Liabilities: Derivative instruments $ — $ 15,256 $ — $ 15,256 Total liabilities measured at fair value $ — $ 15,256 $ — $ 15,256 (1) Excluded from the table above are limited partnerships of $32.6 million at December 31, 2015 whose fair value is based on net asset value as a practical expedient. Based on new accounting guidance adopted this quarter, these investments are excluded from the hierarchy table. As of December 31, 2014 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 74,765 $ 6,002 $ — $ 80,767 Obligations of states and political subdivisions — 191,473 — 191,473 Mortgage-backed securities — 208,759 — 208,759 Commercial mortgage-backed securities — 133,158 — 133,158 Asset-backed securities — 178,263 — 178,263 Corporate bonds — 383,416 — 383,416 Foreign corporate bonds — 107,639 — 107,639 Total fixed maturities 74,765 1,208,710 — 1,283,475 Common stock 122,048 — — 122,048 Total assets measured at fair value $ 196,813 $ 1,208,710 $ — $ 1,405,523 Liabilities: Derivative instruments $ — $ 13,675 $ — $ 13,675 Total liabilities measured at fair value $ — $ 13,675 $ — $ 13,675 (1) Excluded from the table above are limited partnerships of $33.7 million at December 31, 2014 whose fair value is based on net asset value as a practical expedient. Based on new accounting guidance adopted this quarter, these investments are excluded from the hierarchy table. The securities classified as Level 1 in the above table consist of U.S. Treasuries and equity securities actively traded on an exchange. The securities classified as Level 2 in the above table consist primarily of fixed maturity securities and derivative instruments. Based on the typical trading volumes and the lack of quoted market prices for fixed maturities, security prices are derived through recent reported trades for identical or similar securities making adjustments through the reporting date based upon available market observable information. If there are no recent reported trades, matrix or model processes are used to develop a security price where future cash flow expectations are developed based upon collateral performance and discounted at an estimated market rate. Included in the pricing of asset-backed securities, collateralized mortgage obligations, and mortgage-backed securities are estimates of the rate of future prepayments of principal over the remaining life of the securities. Such estimates are derived based on the characteristics of the underlying structure and prepayment speeds previously experienced at the interest rate levels projected for the underlying collateral. The estimated fair value of the interest rate swaps is obtained from a third party financial institution who utilizes observable inputs such as the forward interest rate curve. For the Company’s material debt arrangements, the current fair value of the Company’s debt at December 31, 2015 and 2014 was as follows: December 31, 2015 December 31, 2014 (Dollars in thousands) Carrying Value Fair Value Carrying Value Fair Value Margin Borrowing Facilities $ 75,646 $ 75,646 $ 174,673 $ 174,673 7.75% Subordinated Notes due 2045 (1) 96,388 91,748 — — Total $ 172,034 $ 167,394 $ 174,673 $ 174,673 (1) As of December 31, 2015, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.6 million. The fair value of the margin borrowing facilities approximates its carrying value due to the facilities being due on demand. The 7.75% subordinated notes due 2045 are publicly traded instruments and are classified as Level 1 in the fair value hierarchy. There were no transfers between Level 1 and Level 2 during the years ended December 31, 2015, 2014, and 2013. Fair Value of Alternative Investments Other invested assets consist of limited liability partnerships whose fair value is based on net asset value per share practical expedient. In accordance with the accounting guidance adopted this quarter, these investments have been excluded from the fair value hierarchy listed above. The following table provides the fair value and future funding commitments related to these investments at December 31, 2015 and 2014. December 31, 2015 December 31, 2014 (Dollars in thousands) Fair Value Future Fair Value Future Equity Fund, LP (1) $ — $ — $ 3,401 $ 2,436 Real Estate Fund, LP (2) — — — — European Non-Performing Loan Fund, LP (3) 32,592 20,014 30,262 20,064 Total $ 32,592 $ 20,014 $ 33,663 $ 22,500 (1) Prior to November 9, 2015, this limited partnership invested in companies, from various business sectors, whereby the partnership had acquired control of the operating business as a lead or organizing investor. The Company did not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company did not have the contractual option to redeem its limited partnership interest but received distributions based on the liquidation of the underlying assets. As of November 10, 2015, the Company no longer holds an interest in this limited partnership. In connection with the Company’s share redemption, Global Indemnity Reinsurance elected to redeem its shares. See Note 12 and 13 for further information regarding the redemption. (2) This limited partnership invests in real estate assets through a combination of direct or indirect investments in partnerships, limited liability companies, mortgage loans, and lines of credit. The Company does not have the contractual option to redeem its limited partnership interest but receives distributions based on the liquidation of the underlying assets. The Company does not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company continues to hold an investment in this limited partnership and has written the fair value down to zero. (3) This limited partnership invests in distressed securities and assets through senior and subordinated, secured and unsecured debt and equity, in both public and private large-cap and middle-market companies. The Company does not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company does not have the contractual option to redeem its limited partnership interest but receives distributions based on the liquidation of the underlying assets. Based on the terms of the partnership agreement, the Company anticipates its interest in this partnership to be redeemed in 2020. Limited Partnerships with ownership interest exceeding 3% The Company uses the equity method to account for an investment in a limited partnership where its ownership interest exceeds 3%. The equity method of accounting for an investment in a limited partnership requires that its cost basis be updated to account for the income or loss earned on the investment. The income or loss associated with the partnership is reflected in the statement of operations, and the adjusted cost basis approximates fair value. The income or loss associated with this limited partnership, which was included in investment income, was $2.5 million during the year end December 31, 2015. No income or loss associated with this limited partnership was recorded during the years ended December 31, 2014 and 2013. Pricing The Company’s pricing vendors provide prices for all investment categories except for investments in limited partnerships whose fair value is based on net asset values as a practical expedient. Two vendors provide prices for equity and fixed maturity securities. The following is a description of the valuation methodologies used by the Company’s pricing vendors for investment securities carried at fair value: • Common stock prices are received from all primary and secondary exchanges. • Corporate and agency bonds are evaluated by utilizing a multi-dimensional relational model. For bonds with early redemption options, an option adjusted spread model is utilized. Both asset classes use standard inputs and incorporate security set up, defined sector breakdown, benchmark yields, apply base spreads, yield to maturity, and adjust for corporate actions. • Data from commercial vendors is aggregated with market information, then converted into a prepayment/spread/LIBOR curve model used for commercial mortgage obligations (“CMO”). CMOs are categorized with mortgage-backed securities in the tables listed above. For asset-backed securities, data derived from market information along with trustee and servicer reports is converted into spreads to interpolated swap yield curve. For both asset classes, evaluations utilize standard inputs plus new issue data, monthly payment information, and collateral performance. The evaluated pricing models incorporate discount rates, loan level information, prepayment speeds, treasury benchmarks, and LIBOR and swap curves. • For obligations of state and political subdivisions, a multi-dimensional relational model is used to evaluate securities. The pricing models incorporate security set-up, benchmark yields, apply base spreads, yield to worst or market convention, ratings updates, prepayment schedules and adjustments for material events notices. • U.S. treasuries are evaluated by obtaining feeds from a number of live data sources including active market makers and inter-dealer brokers. • For mortgage-backed securities, a matrix model correlation to TBA (a forward MBS trade) or benchmarking is utilized to value a security. The Company performs certain procedures to validate whether the pricing information received from the pricing vendors is reasonable, to ensure that the fair value determination is consistent with accounting guidance, and to ensure that its assets are properly classified in the fair value hierarchy. The Company’s procedures include, but are not limited to: • Reviewing periodic reports provided by the Investment Manager that provide information regarding rating changes and securities placed on watch. This procedure allows the Company to understand why a particular security’s market value may have changed or should potentially change. • Understanding and periodically evaluating the various pricing methods and procedures used by the Company’s pricing vendors to ensure that investments are properly classified within the fair value hierarchy. • On a quarterly basis, the Company corroborates investment security prices received from its pricing vendors by obtaining pricing from a second pricing vendor for a sample of securities. During 2015 or 2014, the Company has not adjusted quotes or prices obtained from the pricing vendors.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets	7. Goodwill and Intangible Assets Goodwill As a result of acquisitions in 2015 and 2010, the Company has goodwill of $6.5 million and $4.8 million as of December 31, 2015 and 2014, respectively, which represents the excess purchase price over the Company’s best estimate of the fair value of the assets acquired. Impairment testing performed in 2015 and 2014 did not result in impairment of the goodwill acquired. The changes in the carrying amount of goodwill, by segment, for the years ended December 31, 2014 and 2015 are as follows: (Dollars in thousands) Commercial Lines Personal Lines Total Balance at January 1, 2014 $ 4,820 $ — $ 4,820 Acquisitions — — — Balance at December 31, 2014 4,820 — 4,820 Acquisition of American Reliable — 1,701 1,701 Balance at December 31, 2015 $ 4,820 $ 1,701 $ 6,521 Intangible assets The following table presents details of the Company’s intangible assets as of December 31, 2015: (Dollars in thousands) Description Useful Life Cost Accumulated Net Trademarks Indefinite $ 4,800 $ — $ 4,800 Trade names Indefinite 4,200 — 4,200 State insurance licenses Indefinite 10,000 — 10,000 Customer relationships 15 years 5,300 2,017 3,283 Agent relationships 10 years 900 90 810 Trade names 7 years 600 86 514 Value of business added (“VOBA”) < 1 year 25,500 25,500 — $ 51,300 $ 27,693 $ 23,607 The following table presents details of the Company’s intangible assets as of December 31, 2014: (Dollars in thousands) Description Useful Life Cost Accumulated Net Trademarks Indefinite $ 4,800 $ — $ 4,800 Trade names Indefinite 4,200 — 4,200 State insurance licenses Indefinite 5,000 — 5,000 Customer relationships 15 years 5,300 1,664 3,636 Non-compete agreements 2 years 50 50 — $ 19,350 $ 1,714 $ 17,636 As a result of the acquisition of American Reliable, the cost basis of intangible assets increased from $19.4 million at December 31, 2014 to $51.3 million at December 31, 2015. Amortization related to the Company’s definite lived intangible assets, other than VOBA, was $0.5 million, $0.4 million, and $0.4 million for the years ended December 31, 2015, 2014 and 2013, respectively. Amortization related to VOBA was $25.5 million for the year ended December 31, 2015. The Company expects that amortization expense for the next five years will be as follows: (Dollars in thousands) 2016 $ 529 2017 529 2018 529 2019 529 2020 529 Intangible assets with indefinite lives As of December 31, 2015 and 2014, indefinite lived intangible assets, which are comprised of trade names, trademarks, and state insurance licenses, were $19.0 million and $14.0 million, respectively. The Company reviewed internal business unit results, the growth of competitors and the overall property and casualty insurance market for indicators of impairment of its indefinite lived intangible assets. Impairment testing performed in 2015 and 2014 indicated that there was no impairment of these assets. Intangible assets with definite lives As of December 31, 2015 and 2014, definite lived intangible assets were $4.6 million and $3.6 million, net of accumulated amortization, and were comprised of customer relationships, agent relationships, trade names, and non-compete agreements. VOBA of $25.5 million, which was related to the American Reliable acquisition, was fully amortized in 2015. The Company reviewed internal business unit results, the growth of competitors and the overall property and casualty insurance market for indicators of impairment of its definite lived intangible assets. There was no impairment of these assets in 2015 or 2014.

Reinsurance

Reinsurance	12 Months Ended
	Dec. 31, 2015
Reinsurance	8. Reinsurance The Company cedes risk to unrelated reinsurers on a pro rata (“quota share”) and excess of loss basis in the ordinary course of business to limit its net loss exposure on insurance contracts. Reinsurance ceded arrangements do not discharge the Company of primary liability. Moreover, reinsurers may fail to pay the Company due to a lack of reinsurer liquidity, perceived improper underwriting, and losses for risks that are excluded from reinsurance coverage and other similar factors, all of which could adversely affect the Company’s financial results. The Company had the following reinsurance balances as of December 31, 2015 and 2014: (Dollars in thousands) December 31, December 31, Reinsurance receivables, net $ 115,594 $ 125,718 Collateral securing reinsurance receivables (6,445 ) (8,701 ) Reinsurance receivables, net of collateral $ 109,149 $ 117,017 Allowance for uncollectible reinsurance receivables $ 9,675 $ 9,350 Prepaid reinsurance premiums 44,363 4,725 The reinsurance receivables above are net of a purchase accounting adjustment related to discounting acquired loss reserves to their present value and applying a risk margin to the discounted reserves. This adjustment was $3.0 million and $4.0 million at December 31, 2015 and 2014, respectively. As of December 31, 2015, the Company had one aggregate unsecured reinsurance receivable that exceeded 3% of shareholders’ equity from the following reinsurer. Unsecured reinsurance receivables include amounts receivable for paid and unpaid losses and loss adjustment expenses, less amounts secured by collateral. (Dollars in thousands) Reinsurance Receivables A.M. Best Ratings Munich Re America Corporation $ 53,381 A+ The effect of reinsurance on premiums written and earned is as follows: (Dollars in thousands) Written Earned For the year ended December 31, 2015: Direct business $ 458,185 $ 452,441 Reinsurance assumed 132,048 144,554 Reinsurance ceded (1) (88,989 ) (92,852 ) Net premiums $ 501,244 $ 504,143 For the year ended December 31, 2014: Direct business $ 229,978 $ 228,652 Reinsurance assumed 61,275 58,414 Reinsurance ceded (18,072 ) (18,547 ) Net premiums $ 273,181 $ 268,519 For the year ended December 31, 2013: Direct business $ 232,373 $ 215,713 Reinsurance assumed 58,350 52,494 Reinsurance ceded (18,739 ) (19,485 ) Net premiums $ 271,984 $ 248,722 (1) Includes ceded written premiums and ceded earned premiums of $55.8 million and $59.5 million, respectively, to American Bankers Insurance Company.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2015
Income Taxes	9. Income Taxes The statutory income tax rates of the countries where the Company does business are 35% in the United States, 0% in Bermuda, 0% in the Cayman Islands, 0% in Gibraltar, 29.22% in the Duchy of Luxembourg, and 25% on non-trading income, 33% on capital gains and 12.5% on trading income in the Republic of Ireland. The statutory income tax rate of each country is applied against the annual taxable income of each country to calculate the annual income tax expense. The Company’s income before income taxes from its non-U.S. subsidiaries and U.S. subsidiaries, including the results of the quota share and stop-loss agreements between Global Indemnity Reinsurance and the Insurance Operations, for the years ended December 31, 2015, 2014, and 2013 were as follows: Year Ended December 31, 2015: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 345,392 $ 540,500 $ (295,659 ) $ 590,233 Net premiums written $ 345,342 $ 155,902 $ — $ 501,244 Net premiums earned $ 283,448 $ 220,695 $ — $ 504,143 Net investment income 44,534 18,011 (27,936 ) 34,609 Net realized investment losses (1,039 ) (2,335 ) — (3,374 ) Other income (loss) (93 ) 3,493 — 3,400 Total revenues 326,850 239,864 (27,936 ) 538,778 Losses and Expenses: Net losses and loss adjustment expenses 141,444 133,924 — 275,368 Acquisition costs and other underwriting expenses 122,999 78,304 — 201,303 Corporate and other operating expenses 5,928 18,520 — 24,448 Interest expense 4,492 28,357 (27,936 ) 4,913 Income (loss) before income taxes $ 51,987 $ (19,241 ) $ — $ 32,746 Year Ended December 31, 2014: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 173,563 $ 229,979 $ (112,289 ) $ 291,253 Net premiums written $ 172,504 $ 100,677 $ — $ 273,181 Net premiums earned $ 168,743 $ 99,776 $ — $ 268,519 Net investment income 31,420 16,715 (19,314 ) 28,821 Net realized investment gains 926 34,934 — 35,860 Other income (loss) (65 ) 620 — 555 Total revenues 201,024 152,045 (19,314 ) 333,755 Losses and Expenses: Net losses and loss adjustment expenses 62,669 74,892 — 137,561 Acquisition costs and other underwriting expenses 70,479 39,140 — 109,619 Corporate and other operating expenses 5,243 9,316 — 14,559 Interest expense 852 19,284 (19,314 ) 822 Income (loss) before income taxes $ 61,781 $ 9,413 $ — $ 71,194 Year Ended December 31, 2013: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 169,618 $ 232,374 $ (111,269 ) $ 290,723 Net premiums written $ 169,547 $ 102,437 $ — $ 271,984 Net premiums earned $ 154,987 $ 93,735 $ — $ 248,722 Net investment income 35,750 21,064 (19,605 ) 37,209 Net realized investment gains 175 27,237 — 27,412 Other income (loss) (4 ) 5,795 — 5,791 Total revenues 190,908 147,831 (19,605 ) 319,134 Losses and Expenses: Net losses and loss adjustment expenses 65,337 67,654 — 132,991 Acquisition costs and other underwriting expenses 64,822 40,829 — 105,651 Corporate and other operating expenses 4,745 6,869 — 11,614 Interest expense 1,165 24,609 (19,605 ) 6,169 Income (loss) before income taxes $ 54,839 $ 7,870 $ — $ 62,709 The following table summarizes the components of income tax expense (benefit): Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Current income tax expense (benefit): Non-resident withholding $ — $ 6,250 $ — Foreign 263 129 163 U.S. Federal (1,785 ) 2,787 859 Total current income tax expense (benefit) (1,522 ) 9,166 1,022 Deferred income tax benefit: U.S. Federal (7,201 ) (828 ) (3 ) Total deferred income tax benefit (7,201 ) (828 ) (3 ) Total income tax expense (benefit) $ (8,723 ) $ 8,338 $ 1,019 The weighted average expected tax provision has been calculated using income (loss) before income taxes in each jurisdiction multiplied by that jurisdiction’s applicable statutory tax rate. The following table summarizes the differences between the tax provision for financial statement purposes and the expected tax provision at the weighted average tax rate: Years Ended December 31, 2015 2014 2013 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average $ (6,434 ) (19.6 %) $ 3,465 4.9 % $ 2,954 4.7 % Adjustments: Non-resident withholding — — 6,250 8.8 — — Tax exempt interest (441 ) (1.3 ) (472 ) (0.7 ) (1,009 ) (1.6 ) Dividend exclusion (784 ) (2.4 ) (1,340 ) (1.9 ) (1,135 ) (1.8 ) Other (1,064 ) (3.3 ) 435 0.6 209 0.3 Actual taxes on continuing operations $ (8,723 ) (26.6 %) $ 8,338 11.7 % $ 1,019 1.6 % The effective income tax benefit rate for 2015 was 26.6%, compared with an effective income tax rate of 11.7% for 2014 and an effective income tax rate of 1.6% for 2013. The decrease in the effective income tax rate in 2015 compared to 2014 is primarily due to incurring acquisition expenses related to American Reliable, a decrease in capital gains in 2015, and a $6.3 million withholding tax paid in 2014 in connection with the $125 million dividend from Global Indemnity Group Inc. to U.A.I. Luxembourg S.à.r.l. The increase in the effective income tax rate in 2014 compared with 2013 is primarily due to an increase in capital gains in 2014 and a $6.3 million withholding tax paid in 2014 in connection with the $125 million dividend from Global Indemnity Group Inc. to U.A.I. Luxembourg S.à.r.l. The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at December 31, 2015 and 2014 are presented below: (Dollars in thousands) 2015 2014 Deferred tax assets: Discounted unpaid losses and loss adjustment expenses $ 8,222 $ 7,492 Unearned premiums 7,884 3,409 Section 163(j) carryforward 3,135 — Alternative minimum tax credit carryover 10,868 10,473 Net operating loss carryforward 1,934 — Partnership K1 basis differences 245 145 Capital gain on derivative instruments 5,340 4,786 Investment impairments 2,635 379 Stock options 2,635 2,048 Deferred acquisition costs — 187 Stat-to-GAAP reinsurance reserve 1,364 1,424 Intercompany transfers 1,612 1,919 Depreciation and amortization 36 — Other 4,545 3,050 Total deferred tax assets 50,455 35,312 Deferred tax liabilities: Purchase accounting adjustment for American Reliable 6,095 — Intangible assets 3,893 3,220 Unrealized gain on securities available-for-sale and investments in limited partnerships included in accumulated other comprehensive income 3,896 10,263 Investment basis differences 1,034 692 Deferred acquisition costs 642 — Depreciation and amortization — 16 Other 208 871 Total deferred tax liabilities 15,768 15,062 Total net deferred tax assets $ 34,687 $ 20,250 Management believes it is more likely than not that the deferred tax assets will be completely utilized in future years. As a result, the Company has not recorded a valuation allowance at December 31, 2015 and 2014. The Company has an alternative minimum tax (“AMT”) credit carryforward of $10.9 million and $10.5 million as of December 31, 2015 and 2014, respectively, which can be carried forward indefinitely. As of December 31, 2015, the Company has a net operating loss (“NOL”) carryforward of $1.9 million which will expire in 2035. The Company had no NOL carryforward as of December 31, 2014. The Company has a Section 163(j) (“163(j)”) carryforward of $3.1 million as of December 31, 2015 which can be carried forward indefinitely. The Company had no 163(j) carryforward as of December 31, 2014. The 163(j) carryforward is for disqualified interest paid or accrued to a related entity that is not subject to U.S. tax. The Company and some of its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions. The Company is no longer subject to U.S. federal tax examinations by tax authorities for tax years before 2010. Should the Company’s subsidiaries that are subject to income taxes imposed by the U.S. authorities pay a dividend to their foreign affiliates, withholding taxes would apply. The Company has not recorded deferred taxes for potential withholding tax on undistributed earnings. The Company believes, although there can be no assurances, that it qualifies for treaty benefits under the Tax Convention with Luxembourg and would be subject to a 5% withholding tax if it were to pay a dividend. Determination of the unrecognized deferred tax liability related to these undistributed earnings is not practicable because of the complexities with its hypothetical calculation. In December, 2014, Global Indemnity Group, Inc. paid a dividend of $125 million to U.A.I. (Luxembourg) S.à.r.l. and paid a 5% withholding tax of $6.3 million. The Company did not pay any dividends from a U.S. subsidiary to a foreign affiliate during 2015. The Company applies a more-likely-than-not recognition threshold for all tax uncertainties whereby it only recognizes those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the taxing authorities. The Company had no unrecognized tax benefits during 2015 or 2014. The Company classifies all interest and penalties related to uncertain tax positions as income tax expense. The Company did not incur any interest and penalties related to uncertain tax positions during the years ended December 31, 2015, 2014 and 2013. As of December 31, 2015, the Company did not record any liabilities for tax-related interest and penalties on its consolidated balance sheets.

Liability for Unpaid Losses and

Liability for Unpaid Losses and Loss Adjustment Expenses	12 Months Ended
	Dec. 31, 2015
Liability for Unpaid Losses and Loss Adjustment Expenses	10. Liability for Unpaid Losses and Loss Adjustment Expenses Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Balance at beginning of period $ 675,472 $ 779,466 $ 879,114 Less: Ceded reinsurance receivables 123,201 192,491 240,566 Net balance at beginning of period 552,271 586,975 638,548 Purchased reserves, gross 89,489 — — Less: Purchased reserves ceded 12,800 — — Purchase reserves, net 76,689 — — Incurred losses and loss adjustment expenses related to: Current year 310,066 153,994 140,873 Prior years (34,698 ) (16,433 ) (7,882 ) Total incurred losses and loss adjustment expenses 275,368 137,561 132,991 Paid losses and loss adjustment expenses related to: Current year 164,058 55,485 50,732 Prior years 168,353 116,780 133,832 Total paid losses and loss adjustment expenses 332,411 172,265 184,564 Net balance at end of period 571,917 552,271 586,975 Plus: Ceded reinsurance receivables 108,130 123,201 192,491 Balance at end of period $ 680,047 $ 675,472 $ 779,466 When analyzing loss reserves and prior year development, the Company considers many factors, including the frequency and severity of claims, loss trends, case reserve settlements that may have resulted in significant development, and any other additional or pertinent factors that may impact reserve estimates. During 2015, the Company reduced its prior accident year loss reserves by $34.7 million, which consisted of a $25.6 million decrease related to Commercial Lines and a $9.1 million decrease related to Reinsurance Operations. The $25.6 million reduction of prior accident year loss reserves related to Commercial Lines primarily consisted of the following: • General Liability: • Professional: The $9.1 million reduction of prior accident year loss reserves related to Reinsurance Operations was primarily driven by $6.8 million of favorable development in property mainly due to accident years 2011 through 2014 and $2.8 million of favorable development in the marine product mainly due to accident years 2010 and 2011, partially offset by adverse development of $1.0 million in workers compensation mainly due to accident year 2010. Ultimate losses from quota share underwriting years 2013 and prior were booked to the amount reported from cedants and reserve releases on legacy contracts due to better than anticipated case incurred emergence led to the recognition of favorable development. During 2014, the Company reduced its prior accident year loss reserves by $16.4 million, which consisted of a $12.5 million decrease related to Commercial Lines and a $3.9 million decrease related to Reinsurance Operations. The $12.5 million reduction of prior accident year loss reserves related to Commercial Lines primarily consisted of the following: • Property: • General Liability: • Asbestos and Environmental: • Professional: • Umbrella: • Commercial Auto: The $3.9 million reduction of prior accident year loss reserves related to Reinsurance Operations was primarily due to better than anticipated loss emergence on property lines partially offset by adverse development related to commercial auto and higher than anticipated severity on the Company’s marine product. During 2013, the Company reduced its prior accident year loss reserves by $7.9 million, which consisted of a $7.6 million decrease related to Commercial Lines and a $0.3 million decrease related to Reinsurance Operations. The $7.6 million reduction of prior accident year loss reserves related to Commercial Lines primarily consisted of the following: • Property: • General Liability: • Asbestos and Environmental: • Professional: • Umbrella: • Commercial Auto: • Marine: The $0.3 million reduction of prior accident year loss reserves related to Reinsurance Operations was primarily due to better than anticipated loss emergence on property lines partially offset by adverse development on director and officer, general liability, automobile, and marine. Prior to 2001, the Company underwrote multi-peril business insuring general contractors, developers, and sub-contractors primarily involved in residential construction that has resulted in significant exposure to construction defect (“CD”) claims. The Company’s reserves for CD claims ($62.2 million and $69.8 million as of December 31, 2015 and 2014, net of reinsurance, respectively) are established based upon management’s best estimate in consideration of known facts, existing case law and generally accepted actuarial methodologies. However, due to the inherent uncertainty concerning this type of business, the ultimate exposure for these claims may vary significantly from the amounts currently recorded. The Company has exposure to asbestos and environmental (“A&E”) claims. The asbestos exposure primarily arises from the sale of product liability insurance, and the environmental exposure arises from the sale of general liability and commercial multi-peril insurance. In establishing the liability for unpaid losses and loss adjustment expenses related to A&E exposures, management considers facts currently known and the current state of the law and coverage litigation. Liabilities are recognized for known claims (including the cost of related litigation) when sufficient information has been developed to indicate the involvement of a specific insurance policy, and management can reasonably estimate its liability. In addition, liabilities have been established to cover additional exposures on both known and unasserted claims. Estimates of the liabilities are reviewed and updated regularly. Case law continues to evolve for such claims, and uncertainty exists about the outcome of coverage litigation and whether past claim experience will be representative of future claim experience. Included in net unpaid losses and loss adjustment expenses as of December 31, 2015, 2014, and 2013 were IBNR reserves of $26.0 million, $26.4 million, and $18.2 million, respectively, and case reserves of approximately $4.5 million, $4.8 million, and $4.8 million, respectively, for known A&E-related claims. The following table shows the Company’s gross reserves for A&E losses: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Gross reserve for A&E losses and loss adjustment expenses—beginning of period $ 56,535 $ 50,155 $ 44,767 Plus: Incurred losses and loss adjustment expenses—case reserves 2,666 4,333 2,154 Plus: Incurred losses and loss adjustment expenses—IBNR (2,663 ) 7,340 5,961 Less: Payments 2,714 5,293 2,727 Gross reserves for A&E losses and loss adjustment expenses—end of period $ 53,824 $ 56,535 $ 50,155 The following table shows the Company’s net reserves for A&E losses: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Net reserve for A&E losses and loss adjustment expenses—beginning of period $ 31,185 $ 23,038 $ 20,134 Plus: Incurred losses and loss adjustment expenses—case reserves 395 2,754 1,351 Plus: Incurred losses and loss adjustment expenses—IBNR (394 ) 8,241 3,506 Less: Payments 657 2,848 1,953 Net reserves for A&E losses and loss adjustment expenses—end of period $ 30,529 $ 31,185 $ 23,038 Establishing reserves for A&E and other mass tort claims involves more judgment than other types of claims due to, among other things, inconsistent court decisions, an increase in bankruptcy filings as a result of asbestos-related liabilities, and judicial interpretations that often expand theories of recovery and broaden the scope of coverage. The insurance industry continues to receive a substantial number of asbestos-related bodily injury claims, with an increasing focus being directed toward other parties, including installers of products containing asbestos rather than against asbestos manufacturers. This shift has resulted in significant insurance coverage litigation implicating applicable coverage defenses or determinations, if any, including but not limited to, determinations as to whether or not an asbestos-related bodily injury claim is subject to aggregate limits of liability found in most comprehensive general liability policies. In 2009, one of the Company’s insurance companies entered into a settlement agreement to resolve asbestos related coverage litigation related to approximately 3,900 existing asbestos-related bodily injury claims and future claims. The settlement was approved by the Court and a final order was issued in September 2014. As of December 31, 2015, the Company has no outstanding obligations as it relates to this settlement agreement. As of December 31, 2015, 2014, and 2013, the survival ratio on a gross basis for the Company’s open A&E claims was 15.0 years, 10.8 years, and 11.3 years, respectively. As of December 31, 2015, 2014, and 2013, the survival ratio on a net basis for the Company’s open A&E claims was 16.8 years, 8.4 years, and 6.7 years, respectively. The survival ratio, which is the ratio of gross or net reserves to the 3-year average of annual paid claims, is a financial measure that indicates how long the current amount of gross or net reserves are expected to last based on the current rate of paid claims.

Debt

Debt	12 Months Ended
	Dec. 31, 2015
Debt	11. Debt The Company’s outstanding debt consisted of the following at December 31, 2015 and 2014: December 31, (Dollars in thousands) 2015 2014 Margin Borrowing Facilities $ 75,646 $ 174,673 7.75% Subordinated Notes due 2045 96,388 — Total $ 172,034 $ 174,673 Margin Borrowing Facilities The Company has available two margin borrowing facilities. The borrowing rate for each facility is tied to LIBOR and was approximately 1.3% and 1% at December 31, 2015 and 2014, respectively. These facilities are due on demand. The borrowings are subject to maintenance margin, which is a minimum account balance that must be maintained. A decline in market conditions could require an additional deposit of collateral. As of December 31, 2015, approximately $95.6 million in securities were deposited as collateral to support borrowings. The amount borrowed against the margin accounts may fluctuate as routine investment transactions, such as dividends received, investment income received, maturities and pay-downs, impact cash balances. The margin facilities contain customary events of default, including, without limitation, insolvency, failure to make required payments, failure to comply with any representations or warranties, failure to adequately assure future performance, and failure of a guarantor to perform under its guarantee. The amount outstanding on the Company’s margin borrowing facilities was $75.6 million and $174.7 million as of December 31, 2015 and 2014, respectively. The Company recorded interest expense related to the Margin Borrowing Facilities of approximately $1.9 million, $0.7 million, and $0.3 million for the years ended December 31, 2015, 2014, and 2013, respectively. 7.75% Subordinated Notes due 2045 On August 12, 2015, the Company issued $100.0 million in aggregate principal amount of its 2045 Subordinated Notes through an underwritten public offering. The notes bear interest at an annual rate equal to 7.75%, payable quarterly in arrears on February 15, May 15, August 15, and November 15 of each year, commencing November 15, 2015. The notes mature on August 15, 2045. The Company has the right to redeem the notes in $25 increments, in whole or in part, on and after August 15, 2020, or on any interest payment date thereafter, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to, but not including, the date of redemption. The notes are subordinated unsecured obligations and rank (i) senior to the Company’s existing and future capital stock, (ii) senior in right of payment to future junior subordinated debt, (iii) equally in right of payment with any unsecured, subordinated debt that the Company incurs in the future that ranks equally with the notes, and (iv) subordinate in right of payment to any of the Company’s existing and future senior debt. In addition, the notes are structurally subordinated to all existing and future indebtedness, liabilities and other obligations of the Company’s subsidiaries. The subordinated notes do not require the maintenance of any financial ratios or specified levels of net worth or liquidity, and do not contain provisions that would afford holders of the subordinated notes protection in the event of a sudden and dramatic decline in the Company’s credit quality resulting from any highly leveraged transaction, reorganization, restructuring, merger or similar transaction involving the Company that may adversely affect holders. The subordinated notes do not restrict the Company in any way, now or in the future, from incurring additional indebtedness, including senior indebtedness that would rank senior in right of payment to the subordinated notes. There is no right of acceleration of maturity of the subordinated notes in the case of default in the payment of principal, premium, if any, or interest on, the subordinated notes or in the performance of any other obligation of the Company under the notes or if the Company defaults on any other debt securities. Holders may accelerate payment of indebtedness on the notes only upon the Company’s bankruptcy, insolvency or reorganization. AM Best, which provides the Company’s industry rating, is giving the Company a 30% equity credit on the notes due to their 30 year maturity, as opposed to treating the notes entirely as debt. The Company incurred $3.7 million in deferred issuance costs associated with the notes, which is being amortized over the term of the notes. Interest expense, including amortization of deferred issuance costs, recognized on the notes was $3.0 million for the year ended December 31, 2015. The following table represents the amounts recorded for the 7.75% subordinated notes as of December 31, 2015: December 31, 2015 Outstanding Unamortized Debt Net Carrying 7.75% Subordinated Notes due 2045 100,000 (3,612 ) 96,388

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2015
Shareholders' Equity	12. Shareholders’ Equity Dividends The ability of Global Indemnity plc to pay dividends is subject to Irish regulations. Under Irish law, dividends and distributions may only be made from distributable reserves. As of December 31, 2015, the Company’s distributable reserves were $931.5 million. Since the Company is a holding company and has no direct operations, its ability to pay dividends depends, in part, on the ability of its subsidiaries to pay dividends. Global Indemnity Reinsurance and the U.S. insurance subsidiaries are subject to significant regulatory restrictions limiting their ability to declare and pay dividends. See Note 18 for additional information regarding dividend limitations imposed on Global Indemnity Reinsurance and the U.S. insurance subsidiaries. Repurchases and Redemptions of the Company’s Ordinary Shares The Company allows employees to surrender A ordinary shares as payment for the tax liability incurred upon the vesting of restricted stock that was issued under the Share Incentive Plan. During 2015, 2014, and 2013, the Company purchased an aggregate of 11,895, 5,444 and 2,370, respectively, of surrendered A ordinary shares from its employees for $0.3 million, $0.1 million and $0.1 million, respectively. All shares purchased from employees by the Company are held as treasury stock and recorded at cost. On October 29, 2015, Global Indemnity entered into a redemption agreement with certain affiliates of Fox Paine & Company and agreed to redeem 8,260,870 of its ordinary shares for $190.0 million in the aggregate from affiliates of Fox Paine & Company. Global Indemnity also acquired rights, expiring December 31, 2019, to redeem an additional 3,397,031 ordinary shares for $78.1 million, which is subject to an annual 3% increase. After giving effect to the share redemptions and regardless of whether or not the additional redemption rights are exercised, affiliates of Fox Paine & Company will continue to have the ability to cast a majority of votes on matters submitted to Global Indemnity shareholders for approval. The following table provides information with respect to ordinary shares that were surrendered, repurchased, or redeemed in 2015: Period (1) Total Number of Shares Purchased or Redeemed Average Price Paid Per Share Total Number of Plan or Program Approximate Dollar A ordinary shares: January 1 – 31, 2015 9,009 (2) $ 28.37 — — March 1 – 31, 2015 2,290 (2) $ 26.98 — — May 1 – 31, 2015 596 (2) $ 27.01 — — November 1 – 30, 2015 8,260,870 (3) $ 23.00 — — Total 8,272,765 $ 23.01 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. (3) Of these shares, 7,928,004 shares were converted from B ordinary shares to A ordinary shares. Of the 7,928,004 converted shares, 4,555,061 were redeemed and 3,372,943 went into a liquidating trust. Other than the 7,928,004 B ordinary shares that were converted to A ordinary shares as noted above, no additional B ordinary shares were surrendered, repurchased or redeemed in 2015. The following table provides information with respect to the ordinary shares that were surrendered or repurchased in 2014: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Plan or Program Approximate Dollar A ordinary shares: January 1 – 31, 2014 3,644 (2) $ 25.30 — — February 1 – 28, 2014 362 (2) $ 24.00 — — March 1 – 31, 2014 1,438 (2) $ 26.23 — — Total 5,444 $ 25.46 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. There were no B ordinary shares that were surrendered, repurchased, or redeemed in 2014.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2015
Related Party Transactions	13. Related Party Transactions Fox Paine & Company As of December 31, 2015, Fox Paine & Company beneficially owned shares having approximately 84% of the Company’s total outstanding voting power. Fox Paine & Company has the right to appoint a number of the Company’s Directors equal in aggregate to the pro rata percentage of the voting shares of the Company beneficially held by Fox Paine & Company for so long as Fox Paine & Company holds an aggregate of 25% or more of the voting power in the Company. Fox Paine & Company controls the election of all of the Company’s Directors due to its controlling share ownership. The Company’s Chairman is a member of Fox Paine & Company. The Company relies on Fox Paine & Company to provide management services and other services related to the operations of the Company. Global Indemnity Reinsurance was a limited partner in Fox Paine Capital Fund, II, which was managed by Fox Paine & Company. This investment was originally made by United National Insurance Company in June 2000 and pre-dates the September 5, 2003 acquisition by Fox Paine & Company of Wind River Investment Corporation, which was the predecessor holding company for United National Insurance Company. The Company’s investment in Fox Paine Capital Fund, II was valued at $3.4 million at December 31, 2014. In connection with the Company’s share redemption, Global Indemnity Reinsurance elected to redeem its shares in Fox Paine Capital Fund II, and as a result, the Company no longer held an interest in Fox Paine Capital Fund II as of November 10, 2015. All of Global Indemnity Reinsurance’s allocable Global Indemnity plc shares that were held by Fox Paine Capital Fund, II were transferred into a new liquidating partnership. Global Indemnity Reinsurance’s allocation of these shares totaled 116,973 shares. Of these shares, 82,888 shares were redeemed for $1.9 million and 34,085 shares are still being held by the new partnership, which also holds shares on behalf of other limited partners who elected to participate in the redemption. See note 12 for additional information on the share redemption. During the year ended December 31, 2015, the Company received a distribution of $0.8 million from Fox Paine Capital Fund II. There were no distributions received from Fox Paine Capital Fund II during 2014 and 2013. The Company relies on Fox Paine & Company to provide management services and other services related to the operations of the Company. Starting in 2014, this fee is adjusted annually to reflect the percentage change in the CPI-U. In addition, the payment of the annual management fee will be deferred until a change of control or September, 2018, whichever occurs first, and is subject to an annual adjustment equal to the rate of return the Company earns on its investment portfolio. Management fee expense of $1.9 million was incurred during each of the years ended December 31, 2015, 2014, and 2013. As of December 31, 2015 and 2014, unpaid management fees, which were included in other liabilities on the consolidated balance sheets, were $2.6 million and $0.6 million, respectively. In connection with the acquisition of American Reliable, the Company agreed to pay to Fox Paine & Company an investment banking fee of 3% of the amount paid plus the additional capital required to operate American Reliable on a standalone basis and a $1.5 million investment advisory fee, which in the aggregate, totaled $6.5 million. This amount is included in corporate and other operating expenses on the Company’s Consolidated Statements of Operations during the year ended December 31, 2015. As payment for these fees, 267,702 A ordinary shares of Global Indemnity were issued under the Global Indemnity plc Share Incentive Plan in May, 2015. These shares will be registered but cannot be sold until the earlier of five years or a change of control. See Note 15 for additional information on the Global Indemnity plc Share Incentive Plan. During 2015, the Company reimbursed Fox Paine & Company $1.2 million for expenses related to the redemption of the Company’s ordinary shares. See Note 12 for additional information on the share redemption. Cozen O’Connor The Company incurred $0.7 million, $0.2 million, and $0.02 million for legal services rendered by Cozen O’Connor during the years ended December 31, 2015, 2014, and 2013, respectively. Stephen A. Cozen, the chairman of Cozen O’Connor, was a member of the Company’s Board of Directors until he resigned on December 31, 2015. Crystal & Company During each of the years ended December 31, 2015, 2014 and 2013, the Company incurred $0.2 million in brokerage fees to Crystal & Company, an insurance broker. In January of 2016, a subsidiary of the Company entered into an agency relationship with Crystal & Company in which Crystal & Company will be paid a commission on net premiums written and collected consistent with those paid to other agencies in the Company’s ordinary course of business. James W. Crystal, the chairman and chief executive officer of Crystal & Company, is a member of the Company’s Board of Directors. Hiscox Insurance Company (Bermuda) Ltd. Global Indemnity Reinsurance is a participant in two reinsurance agreements with Hiscox Insurance Company (Bermuda) Ltd. (“Hiscox Bermuda”) while Steve Green, the President of Global Indemnity Reinsurance, was a member of Hiscox Bermuda’s Board of Directors. Steve Green was a member of the Hiscox Bermuda’s Board of Directors until May, 2014. The Company estimated that the following earned premium and incurred losses related to these agreements have been assumed by Global Indemnity Reinsurance from Hiscox Bermuda: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Assumed earned premium $ 2,266 $ 6,383 $ 3,053 Assumed losses and loss adjustment expenses 509 763 987 Net balances due to Global Indemnity Reinsurance under this agreement are as follows: As of December 31. (Dollars in thousands) 2015 2014 Net receivable (payable) balance $ (110 ) $ 2,897

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2015
Commitments and Contingencies	14. Commitments and Contingencies Commitments In 2014, the Company entered into a $50 million commitment to purchase an alternative investment vehicle which is comprised of European non-performing loans. As of December 31, 2015, the Company has funded $30.0 million of this commitment leaving $20.0 million as unfunded. Lease Commitments Total rental expense under operating leases for the years ended December 31, 2015, 2014, and 2013 was $3.5 million, $2.6 million, and $2.4 million, respectively. Rent expense was net of sublease income of $0.07 million, $0.04 million, and $0.01 million for the years ended December 31, 2015, 2014, 2013, respectively. At December 31, 2015, future minimum cash payments under non-cancelable operating leases were as follows: (Dollars in thousands) 2016 $ 3,263 2017 3,180 2018 3,149 2019 2,122 2020 and thereafter 114 Total (1) $ 11,828 (1) Minimum payments have not been reduced by minimum sublease rentals of $24 due in the future under non-cancelable subleases. Legal Proceedings The Company is, from time to time, involved in various legal proceedings in the ordinary course of business. The Company maintains insurance and reinsurance coverage for such risks in amounts that it considers adequate. However, there can be no assurance that the insurance and reinsurance coverage that the Company maintains is sufficient or will be available in adequate amounts or at a reasonable cost. The Company does not believe that the resolution of any currently pending legal proceedings, either individually or taken as a whole, will have a material adverse effect on its business, results of operations, cash flows, or financial condition. There is a greater potential for disputes with reinsurers who are in runoff. Some of the Company’s reinsurers’ have operations that are in runoff, and therefore, the Company closely monitors those relationships. The Company anticipates that, similar to the rest of the insurance and reinsurance industry, it will continue to be subject to litigation and arbitration proceedings in the ordinary course of business. Other Commitments The Company is party to a Management Agreement, as amended, with Fox Paine & Company, whereby in connection with certain management services provided to it by Fox Paine & Company, the Company agreed to pay an annual management fee to Fox Paine & Company. See Note 13 above for additional information pertaining to this management agreement.

Share-Based Compensation Plans

Share-Based Compensation Plans	12 Months Ended
	Dec. 31, 2015
Share-Based Compensation Plans	15. Share-Based Compensation Plans The fair value method of accounting recognizes share-based compensation to employees and non-employee directors in the statements of operations using the grant-date fair value of the stock options and other equity-based compensation expensed over the requisite service and vesting period. For the purpose of determining the fair value of stock option awards, the Company uses the Black-Scholes option-pricing model. An estimation of forfeitures is required when recognizing compensation expense which is then adjusted over the requisite service period should actual forfeitures differ from such estimates. Changes in estimated forfeitures are recognized through a cumulative adjustment to compensation in the period of change. The prescribed accounting guidance also requires tax benefits relating to excess stock-based compensation deductions to be prospectively presented in the statement of cash flows as financing cash inflows. The tax benefit resulting from stock-based compensation deductions in excess of amounts reported for financial reporting purposes was $0.05 million and $0.04 million for the years ended December 31, 2015 and 2014, respectively. There was no tax benefit resulting from stock-based compensation deductions in excess of amounts reported for financial reporting purposes during 2013. Share Incentive Plan On June 11, 2014, the Company’s Shareholders approved the Global Indemnity plc Share Incentive Plan (the “Plan”). The previous share incentive plan, which became effective in 2003, expired per its terms on September 5, 2013. The purpose of the Plan is to give the Company a competitive advantage in attracting and retaining officers, employees, consultants and non-employee directors by offering stock options, restricted shares and other stock-based awards. Under the Plan, the Company may grant up to 2.0 million A ordinary shares pursuant to grants under the Plan. Options Award activity for stock options granted under the Plan and the weighted average exercise price per share are summarized as follows: Time-Based Options Performance- Based Options Total Weighted Average Exercise Price Per Share Options outstanding at January 1, 2013 464,743 — 464,743 $ 19.87 Options issued — — — — Options forfeited (5,000 ) — (5,000 ) $ 29.24 Options exercised (14,292 ) — (14,292 ) $ 20.00 Options expired (32,951 ) — (32,951 ) $ 34.00 Options purchased by the Company — — — — Options outstanding at December 31, 2013 412,500 — 412,500 $ 18.62 Options issued 325,000 — 325,000 $ 31.74 Options forfeited (125,000 ) — (125,000 ) $ 19.60 Options exercised — — — — Options expired — — — — Options purchased by the Company — — — — Options outstanding at December 31, 2014 612,500 — 612,500 $ 25.38 Options issued — 200,000 200,000 $ 28.37 Options forfeited — — — — Options exercised — — — — Options expired (12,500 ) — (12,500 ) $ 37.70 Options purchased by the Company — — — — Options outstanding at December 31, 2015 600,000 200,000 800,000 $ 25.94 Options exercisable at December 31, 2015 360,000 — 360,000 $ 20.29 During the year ended December 31, 2015, the Company awarded 200,000 options with a strike price of $28.37 per share which vest one third on each of December 31, 2015, 2016, and 2017 based on achievement of Board approved performance targets. 66,667 of the options were due to vest on December 31, 2015 but did not meet the performance criteria for vesting. During the year ended December 31, 2014, the Company granted 325,000 Time-Based Options under the Plan. Of these options, 25,000 were forfeited during 2014. The remaining 300,000 stock options were issued to the Company’s Chief Executive Officer. See below for vesting schedule related to this stock award. No stock options were awarded in the year ended December 31, 2013. The Company recorded $0.4 million, $0.3 million, and $1.2 million of compensation expense for stock options outstanding under the Plan in each of the years ended December 31, 2015, 2014, and 2013, respectively. The Company did not receive any proceeds from the exercise of options during 2015 or 2014 under the Plan. In 2013, the Company received $0.3 million from the issuance of 14,292 A ordinary shares at a weighted average grant date value of $20.00 per share exercised by a former employee of the Company under the previous share incentive plan. Amortization expense related to options outstanding is anticipated to be $0.4 million in 2016 and 2017. Option intrinsic values, which are the differences between the fair value of $29.02 at December 31, 2015 and the strike price of the option, are as follows: Number of Shares Weighted Average Strike Price Intrinsic Outstanding 800,000 $ 25.94 $ 3.5 million Exercisable 360,000 $ 20.29 (1) $ 3.3 million Exercised (2) — N/A N/A (1) Includes the weighted average strike price on 60,000 of options which are excluded from the intrinsic value calculation of $3.3 million due to the strike price of the options exceeding the fair value of $29.02 at December 31, 2015. (2) The intrinsic value of the exercised options is the difference between the fair market value at time of exercise and the strike price of the option. The options exercisable at December 31, 2015 include the following: Option Price Number of options $17.87 300,000 $32.38 60,000 Options exercisable at December 31, 2015 360,000 The weighted average fair value of options granted under the Plan was $8.69 and $7.92 in 2015 and 2014, respectively, using a Black-Scholes option-pricing model and the following weighted average assumptions. There were no options granted under the Plan in 2013. 2015 2014 Dividend yield 0.0 % 0.0 % Expected volatility 31.59 % 37.7 % Risk-free interest rate 1.7 % 1.7 % Expected option life 5.0 years 6.9 years The following tables summarize the range of exercise prices of options outstanding at December 31, 2015, 2014, and 2013: Ranges of Exercise Prices Outstanding at December 31, 2015 Weighted Average Per Weighted Average $17.87 – $19.99 300,000 $ 17.87 5.7 years $20.00 – $29.99 200,000 $ 28.37 9.0 years $30.00 – $37.70 300,000 (1) $ 32.38 8.1 years Total 800,000 (1)— Ranges of Exercise Prices Outstanding at December 31, 2014 Weighted Average Per Weighted Average $17.87 – $19.99 300,000 $ 17.87 6.7 years $20.00 – $29.99 — — N/A $30.00 – $37.70 312,500 (1) $ 32.59 8.8 years Total 612,500 (1)— Ranges of Exercise Prices Outstanding at December 31, 2013 Weighted Average Per Weighted Average $17.87 – $19.99 400,000 $ 18.03 7.8 years $30.00 – $37.70 12,500 $ 37.70 1.8 years Total 412,500 Restricted Shares In addition to stock option grants, the Plan also provides for the granting of restricted shares to employees and non-employee Directors. The Company recognized compensation expense for restricted stock of $3.5 million, $2.6 million and $2.1 million for 2015, 2014, and 2013, respectively. The total unrecognized compensation expense for the non-vested restricted stock is $6.2 million at December 31, 2015, which will be recognized over a weighted average life of 1.9 years. The following table summarizes the restricted stock grants since the 2003 inception of the previous share incentive plan. Restricted Stock Awards Year Employees Directors Total Inception through 2012 629,481 354,859 984,340 2013 81,587 50,421 132,008 2014 95,694 36,608 132,302 2015 138,507 36,321 174,828 945,269 478,209 1,423,478 The following table summarizes the non-vested restricted shares activity for the years ended December 31, 2015, 2014, and 2013: Number of Shares Weighted Average Price Per Share Non-vested Restricted Shares at January 1, 2013 34,504 $ 17.87 Shares issued 132,008 $ 22.78 Shares vested (67,937 ) $ 22.17 Shares forfeited (454 ) $ 22.13 Non-vested Restricted Shares at December 31, 2013 98,121 $ 21.48 Shares issued 132,302 $ 25.67 Shares vested (57,017 ) $ 24.29 Shares forfeited (1,131 ) $ 22.13 Non-vested Restricted Shares at December 31, 2014 172,275 $ 23.76 Shares issued 174,828 $ 28.24 Shares vested (70,503 ) $ 25.31 Shares forfeited (16,695 ) $ 24.11 Non-vested Restricted Shares at December 31, 2015 259,905 $ 26.33 Based on the terms of the Restricted Share grants, all forfeited shares revert back to the Company. During 2013, the Company granted an aggregate of 81,587 A ordinary shares to key employees at a weighted average grant date fair value of $22.13 per share. Of the A ordinary shares granted in 2013, 11,296 were granted to the Company’s Chief Executive Officer and vest 33 1/3% on each subsequent anniversary date of the grant for a period of three years subject to an accident year true-up of bonus year underwriting results as of the third anniversary of the grant. The remaining 70,291 shares were granted to key employees and will vests as follows: • 16.5%, 16.5%, and 17.0% of the granted stock vest on the first, second, and third anniversary of the grant, respectively. • 50.0% of granted stock vests 100% on the third anniversary of the grant subject to accident year true-up of bonus year underwriting results and are subject to Board approval. During 2013, the Company granted an aggregate of 50,421 A ordinary shares, at a weighted average grant date fair value of $23.83 per share, to non-employee directors under the previous share incentive plan. Included in the 50,421A ordinary shares are 18,838 A ordinary shares earned by the non-employee directors of the Company during 2013 which have a weighted average grant date fair value of $25.38 per share. As of December 31, 2013, these shares were not granted but were considered issued and outstanding for purposes of the financial statement and were subject to shareholder approval of the Plan at the Company’s June 11, 2014 annual shareholder meeting. The shareholders approved the plan at the June 11, 2014 annual shareholder meeting. During 2014, the Company granted an aggregate of 95,694 A ordinary shares to key employees at a weighted average grant date fair value of $25.37 per share under the Plan. Of the shares granted in 2014, 5,671 were granted to a key employee and vest 33 1/3% on each subsequent anniversary date of the award for a period of three years and 11,857 were granted to the Company’s Chief Executive Officer and vest 33 1/3% on each subsequent anniversary date of the grant for a period of three years subject to an accident year true-up of bonus year underwriting results as of the third anniversary of the grant. The remaining 78,166 shares were granted to key employees and will vest as follows: • 16.5%, 16.5%, and 17.0% of the granted stock vest on the first, second, and third anniversary of the grant, respectively. • 50% of granted stock vests 100% on the third anniversary of the grant subject to accident year true-up of bonus year underwriting results and are subject to Board approval. During 2014, the Company granted 36,608 A ordinary shares, at a weighted average grant date fair value of $26.46 per share, to non-employee directors of the Company under the Plan. As noted above, an additional 18,838 A ordinary shares were issued to non-employee directors on June 12, 2014. These shares were earned by non-employee directors prior to January 1, 2014 and were conditioned on shareholders’ approval of the Plan at the Company’s June 11, 2014 annual shareholder meeting. The shareholders approved the plan at the June 11, 2014 annual shareholder meeting. During 2015, the Company granted an aggregate of 138,507 A ordinary shares to key employees at a weighted average grant date fair value of $28.37 per share under the Plan. Of the shares granted in 2015, 10,574 were granted to the Company’s Chief Executive Officer and vest 33 1/3% on each subsequent anniversary date of the grant for a period of three years subject to an accident year true-up of bonus year underwriting results as of the third anniversary of the grant and an additional 44,058 shares were granted to the Company’s Chief Executive Officer and other key employees which vest 100% on January 1, 2018. The remaining 83,875 shares were granted to key employees and will vest as follows: • 16.5%, 16.5%, and 17.0% of the granted stock vest on the first, second, and third anniversary of the grant, respectively. • 50% of granted stock vests 100% on the third anniversary of the grant subject to calendar year true-up of bonus year underwriting results and are subject to Board approval. During 2015, the Company granted 36,321 A ordinary shares, at a weighted average grant date fair value of $27.73 per share, to non-employee directors of the Company under the Plan. All of the shares granted to non-employee directors in 2015, 2014, and 2013 were fully vested but subject to certain restrictions. Chief Executive Officer Effective September 19, 2011, Cynthia Y. Valko was hired as the Company’s Chief Executive Officer. Ms. Valko’s terms of employment included two equity components including the granting of 300,000 stock options with a strike price equal to the closing price of the Company’s shares on the trading day preceding the start date, or $17.87 per share, and an annual bonus opportunity of which 50% shall be paid in restricted shares based on the market value of the Company’s shares as of December 31 of the subject bonus year. The stock options vested 33 1/3% on December 31, 2012, 2013, and 2014 pending Board approval at the time of vesting. The restricted shares vest 33 1/3% on each anniversary of the subject bonus year. All equity components based on performance are subject to accident year true-up of bonus year underwriting results and are subject to Board approval. In 2014, Ms. Valko was awarded an additional 300,000 stock options. The stock options vest as follows: 20% on December 31, 2015, 30% on December 31, 2016, and the remaining 50% on December 31, 2017 and are based on achieving underwriting income, premium volume, and underwriting profitability targets, subject to an accident year true up on the 3rd anniversary of each such year. Vesting of the stock options is subject to continued employment. The exercise price applicable to the Stock Options is $25.00 subject to adjustment based on the Company’s average year-end tangible book value per share, the average interest rate of certain Treasury bonds and the time period elapsed between January 1, 2014 and the date the stock options are exercised. The stock options were granted under and are subject to the terms of the Plan, as amended, subject to shareholder approval of such plan to the extent required to affect such grant under the plan.

401(k) Plan

401(k) Plan	12 Months Ended
	Dec. 31, 2015
401(k) Plan	16. 401(k) Plan The Company maintains a 401(k) defined contribution plan that covers all eligible U.S. employees. Under this plan, the Company matches 100% of the first 6% contributed by an employee. Vesting on contributions made by the Company is immediate. Total expenses for the plan were $2.0 million, $1.2 million, and $1.2 million for the years ended December 31, 2015, 2014, and 2013, respectively.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2015
Earnings Per Share	17. Earnings Per Share Earnings per share have been computed using the weighted average number of ordinary shares and ordinary share equivalents outstanding during the period. The following table sets forth the computation of basic and diluted earnings per share. Years Ended December 31, (Dollars in thousands, except share and per share data) 2015 2014 2013 Net income $ 41,469 $ 62,856 $ 61,690 Basic earnings per share: Weighted average shares outstanding—basic 24,253,657 25,131,811 25,072,712 Net income per share $ 1.71 $ 2.50 $ 2.46 Diluted earnings per share: Weighted average shares outstanding—diluted 24,505,851 25,331,420 25,174,015 Net income per share $ 1.69 $ 2.48 $ 2.45 A reconciliation of weighted average shares for basic earnings per share to weighted average shares for diluted earnings per share is as follows: Years Ended December 31, 2015 2014 2013 Weighted average shares for basic earnings per share 24,253,657 25,131,811 25,072,712 Non-vested restricted stock 148,669 100,546 53,876 Options 103,525 99,063 47,427 Weighted average shares for diluted earnings per share 24,505,851 25,331,420 25,174,015 The weighted average shares outstanding used to determine dilutive earnings per share for the years ended December 31, 2015, 2014 and 2013 do not include 500,000, 312,500 and 12,500 options, respectively, which were deemed to be anti-dilutive. The following table summarizes options which are deemed to be anti-dilutive at December 31, 2015: Grant Date Expiration Date Outstanding Strike February 9, 2014 February 10, 2024 300,000 $ 32.38 January 1, 2015 January 1, 2025 200,000 $ 28.37 500,000

Statutory Financial Information

Statutory Financial Information	12 Months Ended
	Dec. 31, 2015
Statutory Financial Information	18. Statutory Financial Information GAAP differs in certain respects from Statutory Accounting Principles (“SAP”) as prescribed or permitted by the various U.S. state insurance departments. The principal differences between SAP and GAAP are as follows: • Under SAP, investments in debt securities are primarily carried at amortized cost, while under GAAP the Company records its debt securities at estimated fair value. • Under SAP, policy acquisition costs, such as commissions, premium taxes, fees and other costs of underwriting policies are charged to current operations as incurred, while under GAAP such costs are deferred and amortized on a pro rata basis over the period covered by the policy. • Under SAP, certain assets designated as “Non-admitted assets” (such as prepaid expenses) are charged against surplus. • Under SAP, net deferred income tax assets are admitted following the application of specified criteria, with the resulting admitted deferred tax amount being credited directly to surplus. • Under SAP, certain premium receivables are non-admitted and are charged against surplus based upon aging criteria. • Under SAP, the costs and related receivables for guaranty funds and other assessments are recorded based on management’s estimate of the ultimate liability and related receivable settlement, while under GAAP such costs are accrued when the liability is probable and reasonably estimable and the related receivable amount is based on future premium collections or policy surcharges from in-force policies. • Under SAP, unpaid losses and loss adjustment expenses and unearned premiums are reported net of the effects of reinsurance transactions, whereas under GAAP, unpaid losses and loss adjustment expenses and unearned premiums are reported gross of reinsurance. • Under SAP, a provision for reinsurance is charged to surplus based on the authorized status of reinsurers, available collateral, and certain aging criteria, whereas under GAAP, an allowance for uncollectible reinsurance is established based on management’s best estimate of the collectability of reinsurance receivables. The National Association of Insurance Commissioners (“NAIC”) issues model laws and regulations, many of which have been adopted by state insurance regulators, relating to: (a) risk-based capital (“RBC”) standards; (b) codification of insurance accounting principles; (c) investment restrictions; and (d) restrictions on the ability of insurance companies to pay dividends. The Company’s U.S. insurance subsidiaries are required by law to maintain certain minimum surplus on a statutory basis, and are subject to regulations under which payment of a dividend from statutory surplus is restricted and may require prior approval of regulatory authorities. Applying the current regulatory restrictions as of December 31, 2015, the maximum amount of distributions that could be paid in 2016 by the United National insurance companies, the Penn-America insurance companies, and American Reliable as dividends under applicable laws and regulations without regulatory approval is approximately $17.3 million, $8.3 million and $7.8 million, respectively. The Penn-America insurance companies limitation includes $2.7 million that would be distributed to United National Insurance Company or its subsidiary Penn Independent Corporation based on the December 31, 2015 ownership percentages. For 2015, the Penn-America insurance companies declared and paid dividends of $8.4 million, the United National insurance companies declared dividends of $35.0 million and American Reliable did not declare or pay any dividends. The NAIC’s RBC model provides a tool for insurance regulators to determine the levels of statutory capital and surplus an insurer must maintain in relation to its insurance and investment risks, as well as its reinsurance exposures, to assess the potential need for regulatory attention. The model provides four levels of regulatory attention, varying with the ratio of an insurance company’s total adjusted capital to its authorized control level RBC (“ACLRBC”). If a company’s total adjusted capital is: (a) less than or equal to 200%, but greater than 150% of its ACLRBC (the “Company Action Level”), the company must submit a comprehensive plan to the regulatory authority proposing corrective actions aimed at improving its capital position; (b) less than or equal to 150%, but greater than 100% of its ACLRBC (the “Regulatory Action Level”), the regulatory authority will perform a special examination of the company and issue an order specifying the corrective actions that must be followed; (c) less than or equal to 100%, but greater than 70% of its ACLRBC (the “Authorized Control Level”), the regulatory authority may take any action it deems necessary, including placing the company under regulatory control; and (d) less than or equal to 70% of its ACLRBC (the “Mandatory Control Level”), the regulatory authority must place the company under its control. Based on the standards currently adopted, the Company reported in its 2015 statutory filings that the capital and surplus of the U.S. insurance companies are above the prescribed Company Action Level RBC requirements. The following is selected information for the Company’s U.S. insurance companies, net of intercompany eliminations, where applicable, as determined in accordance with SAP: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Statutory capital and surplus, as of end of period (1) $ 318,101 $ 253,362 $ 251,464 Statutory net income (loss) 48,633 36,003 31,781 (1) Includes extraordinary dividend declared in 2013 for an aggregate of $200 million. Global Indemnity Reinsurance must also prepare annual statutory financial statements. The Bermuda Insurance Act 1978 (the “Insurance Act”) prescribes rules for the preparation and substance of these statutory financial statements which include, in statutory form, a balance sheet, an income statement, a statement of capital and surplus and notes thereto. The statutory financial statements are not prepared in accordance with GAAP or SAP and are distinct from the financial statements prepared for presentation to Global Indemnity Reinsurance’s shareholders and under the Bermuda Companies Act 1981 (the “Companies Act”), which financial statements will be prepared in accordance with GAAP. The principal differences between statutory financial statements prepared under the Insurance Act and GAAP are as follows: • Under the Insurance Act, policy acquisition costs, such as commissions, premium taxes, fees and other costs of underwriting policies are charged to current operations as incurred, while under GAAP such costs are deferred and amortized on a pro rata basis over the period covered by the policy. • Under the Insurance Act, prepaid expenses and intangible assets are charged to current operations as incurred, while under GAAP such costs are deferred and amortized on a pro rata basis. • Under the Insurance Act, unpaid losses and loss adjustment expenses and unearned premiums are reported net of the effects of reinsurance transactions, whereas under GAAP, unpaid losses and loss adjustment expenses and unearned premiums are reported gross of reinsurance. Under the Companies Act, Global Indemnity Reinsurance may only declare or pay a dividend if it has no reasonable grounds for believing that it is, or would after the payment be, unable to pay its liabilities as they become due, or if the realizable value of its assets would not be less than the aggregate of its liabilities and its issued share capital and share premium accounts. Global Indemnity Reinsurance is also prohibited, without the approval of the BMA, from reducing by 15% or more its total statutory capital as set out in its previous year’s statutory financial statements, and any application for such approval must include such information as the BMA may require. Based upon the total statutory capital plus the statutory surplus as set out in its 2015 statutory financial statements that will be filed in 2016, Global Indemnity Reinsurance could pay a dividend of up to $234.8 million without requesting BMA approval. Global Indemnity Reinsurance is dependent on receiving distributions from its subsidiaries in order to pay the full dividend in cash. The following is selected information for Global Indemnity Reinsurance, net of intercompany eliminations, where applicable, as determined in accordance with the Bermuda Insurance Act 1978: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Statutory capital and surplus, as of end of period $ 713,842 $ 923,862 $ 913,401 Statutory net income (loss) 864 44,593 31,697

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2015
Segment Information	19. Segment Information The acquisition of American Reliable has impacted the way the Company manages and analyzes its operating results. The business acquired from American Reliable is considered to be a separate segment, Personal Lines. The Company now manages its business through three reportable business segments: Commercial Lines, managed in Bala Cynwyd, PA, offers specialty property and casualty products designed for product lines such as Small Business Binding Authority, Property Brokerage, and Programs; Personal Lines, managed in Scottsdale, AZ, offers specialty personal lines and agricultural coverage; and Reinsurance Operations, managed in Bermuda, provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. All three segments follow the same accounting policies used for the Company’s consolidated financial statements. For further disclosure regarding the Company’s accounting policies, please see Note 2. Prior to 2015, the Commercial Lines segment was known as Insurance Operations segment. With the acquisition of American Reliable, the Insurance Operations segment was renamed to Commercial Lines segment. The newly acquired American Reliable became the Company’s Personal Lines segment. For segment reporting, the values for 2013 and 2014 did not change for Commercial Lines and Reinsurance Operations. The following are tabulations of business segment information for the years ended December 31, 2015, 2014, and 2013. Corporate information is included to reconcile segment data to the consolidated financial statements. 2015: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 214,218 $ 326,282 $ 49,733 $ 590,233 Net premiums written $ 197,526 $ 254,035 $ 49,683 $ 501,244 Net premiums earned $ 199,304 $ 253,048 $ 51,791 $ 504,143 Other income (loss) 621 2,872 (93 ) 3,400 Total revenues 199,925 255,920 51,698 507,543 Losses and Expenses: Net losses and loss adjustment expenses 97,530 163,986 13,852 275,368 Acquisition costs and other underwriting expenses 83,170 (3) 99,140 (4) 18,993 201,303 Income (loss) from segments $ 19,225 $ (7,206 ) $ 18,853 $ 30,872 Unallocated Items: Net investment income 34,609 Net realized investment losses (3,374 ) Corporate and other operating expenses (24,448 ) Interest expense (4,913 ) Income before income taxes 32,746 Income tax benefit 8,723 Net income 41,469 Total assets $ 729,097 $ 510,503 $ 717,694 (5) $ 1,957,294 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Includes federal excise tax of $1,051 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $1,265 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries 2014: (Dollars in thousands) Commercial Reinsurance Operations (2) Total Revenues: Gross premiums written $ 229,978 $ 61,275 $ 291,253 Net premiums written $ 212,965 $ 60,216 $ 273,181 Net premiums earned $ 211,165 $ 57,354 $ 268,519 Other income (loss) 620 (65 ) 555 Total revenue 211,785 57,289 269,074 Losses and Expenses: Net losses and loss adjustment expenses 117,586 19,975 137,561 Acquisition costs and other underwriting expenses 88,983 (3) 20,636 109,619 Income from segments $ 5,216 $ 16,678 $ 21,894 Unallocated items: Net investment income 28,821 Net realized investment gains 35,860 Corporate and other operating expenses (14,559 ) Interest expense (822 ) Income before income taxes 71,194 Income tax expense (8,338 ) Net income $ 62,856 Total assets $ 1,288,763 $ 641,270 (4) $ 1,930,033 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Includes excise tax of $1,114 related to cessions from Commercial Lines to Reinsurance Operations. (4) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. 2013: (Dollars in thousands) Commercial Reinsurance Operations (2) Total Revenues: Gross premiums written $ 232,373 $ 58,350 $ 290,723 Net premiums written $ 213,705 $ 58,279 $ 271,984 Net premiums earned $ 196,302 $ 52,420 $ 248,722 Other income (loss) 5,795 (4 ) 5,791 Total revenue 202,097 52,416 254,513 Losses and Expenses: Net losses and loss adjustment expenses 116,837 16,154 132,991 Acquisition costs and other underwriting expenses 87,360 (3) 18,291 105,651 Income (loss) from segments $ (2,100 ) $ 17,971 $ 15,871 Unallocated items: Net investment income 37,209 Net realized investment gains 27,412 Corporate and other operating expenses (11,614 ) Interest expense (6,169 ) Income before income taxes 62,709 Income tax expense (1,019 ) Net income $ 61,690 Total assets $ 1,264,306 $ 647,473 (4) $ 1,911,779 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Includes excise tax of $1,026 related to cessions from Commercial Lines to Reinsurance Operations. (4) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Dec. 31, 2015
Supplemental Cash Flow Information	20. Supplemental Cash Flow Information Taxes and Interest Paid The Company paid the following net federal income taxes and interest for 2015, 2014, and 2013: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Federal income taxes paid $ 104 $ 13,997 $ 162 Federal income taxes recovered 2 136 7,613 Interest paid 3,926 804 7,678 Non-Cash Activities On January 1, 2015, Global Indemnity Group, Inc. acquired 100% of the voting equity interest of American Reliable. In conjunction with the acquisition, fair value of assets acquired and liabilities assumed by the Company were as follows: (Dollars in thousands) Fair value of assets acquired (including goodwill) $ 383,668 Liabilities assumed 283,871

New Accounting Pronouncements

New Accounting Pronouncements	12 Months Ended
	Dec. 31, 2015
New Accounting Pronouncements	21. New Accounting Pronouncements In September, 2015, the Financial Accounting Standards Board (“FASB”) issued new accounting guidance surrounding business combinations. The new guidance requires an acquirer to recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment is determined. It also requires that the acquirer record, in the same period’s financial statements, the effect on earnings of changes in depreciation, amortization, or other income effects, if any, as a result of the change to the provisional amounts, calculated as if the accounting had been completed at the acquisition date. This guidance is effective for public entities for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years. This guidance should be applied prospectively to adjustments to provisional amounts that occur after the effective date of this guidance with earlier application permitted for financial statements that have not been issued. This guidance will be applicable to the Company if there is any material adjustments to amounts previously recorded during the measurement period related to the American Reliable acquisition. This guidance may also be applicable to future acquisitions. The Company plans to adopt this guidance in the first quarter of 2016. In May, 2015, the FASB issued new accounting guidance surrounding investments in certain entities that calculate net asset value per share. The new guidance removes the requirement to categorize within the fair value hierarchy all investments for which fair value is measured using the net asset value per share practical expedient. It also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. This guidance is effective for public business entities for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption is permitted. The Company adopted this guidance in the fourth quarter of 2015 which resulted in the Company’s other invested assets, that are measured utilizing net asset value, being removed from the fair value hierarchy. The adoption of this guidance only impacted the Company’s fair value disclosures and had no impact on the Company’s financial condition, results of operations, or cash flows. In May, 2015, the FASB issued new accounting guidance regarding short-duration contracts. The new guidance requires additional disclosure regarding the liability for unpaid claims and claim adjustment expenses. This guidance is effective for public business entities for annual periods beginning after December 15, 2015 and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. The Company plans to include these disclosures in its year ended December 31, 2016 financial statements. In April 2015, the FASB issued new accounting guidance which requires that debt issuance costs be presented in the balance sheet as a direct reduction from the carrying amount of the recognized debt liability, consistent with the treatment of debt discounts or premiums. Amortization of debt issuance costs is to be reported as interest expense. The recognition and measurement guidance for debt issuance costs are not affected by this new guidance. For public entities, the guidance is effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. Early adoption is permitted. The Company adopted this guidance in the third quarter, 2015. In May, 2014, the FASB issued new accounting guidance regarding the recognition of revenue from customers arising from the transfer of goods and services. New and enhanced disclosures will also be required. Long and short duration insurance contracts, which comprise the majority of the Company’s revenues, are excluded from this accounting guidance. This guidance is effective for public entities for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. Although the Company is still evaluating the impact of this new guidance, the Company does not anticipate it will have a material impact on its financial condition, results of operations, and cash flows. In February, 2013, the FASB issued new accounting guidance regarding other comprehensive income. The new guidance requires additional disclosure regarding amounts reclassified out of accumulated other comprehensive by component. This guidance was effective for reporting periods beginning after December 15, 2012. The Company adopted this guidance effective January 1, 2013. The Company does not expect any of these new accounting pronouncements to have a material impact on the Company’s consolidated statements of financial position or results of operations.

Summary of Quarterly Financial

Summary of Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2015
Summary of Quarterly Financial Information (Unaudited)	22. Summary of Quarterly Financial Information (Unaudited) An unaudited summary of the Company’s 2015 and 2014 quarterly performance is as follows: Year Ended December 31, 2015 (Dollars in thousands, except per share data) First Quarter Second Quarter Third Quarter Fourth Quarter Net premiums earned $ 127,337 $ 128,877 $ 124,707 $ 123,222 Net investment income 8,241 9,141 8,852 8,375 Net realized investment gains (losses) (2,970 ) 6,532 (10,778 ) 3,842 Net losses and loss adjustment expenses 69,619 79,560 77,691 48,498 Acquisition costs and other underwriting expenses 48,258 50,926 50,934 51,185 Income before income taxes 3,238 9,772 (9,727 ) 29,463 Net income 6,794 11,117 (3,746 ) 27,304 Per share data—Diluted: Net income $ 0.26 $ 0.43 $ (0.15 ) $ 1.30 Year Ended December 31, 2014 (Dollars in thousands, except per share data) First Quarter Second Quarter Third Quarter Fourth Quarter Net premiums earned $ 67,544 $ 66,017 $ 68,028 $ 66,930 Net investment income 8,284 7,677 6,527 6,333 Net realized investment gains (losses) (813 ) 39,881 1,158 (4,366 ) Net losses and loss adjustment expenses 38,572 38,270 36,654 24,065 Acquisition costs and other underwriting expenses 26,485 27,171 27,458 28,505 Income before income taxes 6,974 44,798 8,128 11,294 Net income 8,823 33,208 9,761 11,064 Per share data—Diluted: Net income $ 0.35 $ 1.31 $ 0.39 $ 0.44

Summary of Investments - Other

Summary of Investments - Other Than Investments in Related Parties	12 Months Ended
	Dec. 31, 2015
Summary of Investments - Other Than Investments in Related Parties	SCHEDULE I—SUMMARY OF INVESTMENTS—OTHER THAN INVESTMENTS IN RELATED PARTIES (In thousands) As of December 31, 2015 Cost * Value Amount Included in Type of Investment: Fixed maturities: United States government and government agencies and authorities $ 106,303 $ 107,122 $ 107,122 States, municipalities, and political subdivisions 203,121 205,240 205,240 Mortgage-backed and asset-backed securities 561,503 559,535 559,535 Public utilities 23,990 23,796 23,796 All other corporate bonds 413,416 410,456 410,456 Total fixed maturities 1,308,333 1,306,149 1,306,149 Equity securities: Common stocks: Public utilities 6,147 6,373 6,373 Industrial and miscellaneous 94,010 103,942 103,942 Total equity securities 100,157 110,315 110,315 Other long-term investments 32,592 32,592 32,592 Total investments $ 1,441,082 $ 1,449,056 $ 1,449,056 * Original cost of equity securities; original cost of fixed maturities adjusted for amortization of premiums and accretion of discounts; original cost for other long-term investments adjusted for income or loss earned on investments in accordance with equity method of accounting. All amounts are shown net of impairment losses.

Condensed Financial Information

Condensed Financial Information of Registrant (Parent Only)	12 Months Ended
	Dec. 31, 2015
Condensed Financial Information of Registrant (Parent Only)	GLOBAL INDEMNITY PLC SCHEDULE II—Condensed Financial Information of Registrant (Parent Only) Balance Sheets (Dollars in thousands, except share data) Years Ended December 31, 2015 2014 ASSETS Cash and cash equivalents $ 2,185 $ 46 Equity in unconsolidated subsidiaries (1) 951,760 1,017,710 Due from affiliates (1) 3,645 — Other assets — 705 Total assets $ 957,590 $ 1,018,461 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Debt $ 96,388 $ — Intercompany notes payable (1) 108,000 108,000 Due to affiliates (1) — 938 Other liabilities 3,221 1,178 Total liabilities 207,609 110,116 Commitments and contingencies — — Shareholders’ equity: Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 16,424,546 and 16,331,577, respectively; A ordinary shares outstanding:13,313,751 and 13,266,762 respectively; B ordinary shares issued and outstanding: 4,133,366 and 12,061,370, respectively 3 3 Deferred shares, €1 par value, 40,000 ordinary shares authorized, issued and outstanding (1) 55 55 Preferred shares, $0.0001 par value, 100,000,000 shares authorized, none issued and outstanding — — Additional paid-in capital 529,872 519,590 Accumulated other comprehensive income, net of tax 4,078 23,384 Retained earnings 318,416 466,717 A ordinary shares in treasury, at cost: 3,110,795 and 3,064,815 shares, respectively (102,443 ) (101,404 ) Total shareholders’ equity 749,981 908,345 Total liabilities and shareholders’ equity $ 957,590 $ 1,018,461 (1) This item has been eliminated in the Company’s Consolidated Financial Statements. See Notes to Consolidated Financial Statements included in Item 8. GLOBAL INDEMNITY PLC SCHEDULE II—Condensed Financial Information of Registrant (continued) (Parent Only) Statement of Operations and Comprehensive Income (Dollars in thousands) Years Ended December 31, 2015 2014 2013 Revenues: Total revenues $ — $ — $ — Expenses: Intercompany interest expense (1) 1,296 1,296 1,296 Other expenses 8,203 4,484 3,848 Loss before equity in earnings of unconsolidated subsidiaries (9,499 ) (5,780 ) (5,144 ) Equity in earnings of unconsolidated subsidiaries (1) 50,968 68,636 66,834 Net income 41,469 62,856 61,690 Other comprehensive income, net of tax: Equity in other comprehensive income (loss) of unconsolidated subsidiaries (1) (19,306 ) (30,644 ) 678 Other comprehensive income (loss), net of tax (19,306 ) (30,644 ) 678 Comprehensive income, net of tax $ 22,163 $ 32,212 $ 62,368 (1) This item has been eliminated in the Company’s Consolidated Financial Statements. See Notes to Consolidated Financial Statements included in Item 8. GLOBAL INDEMNITY PLC SCHEDULE II—Condensed Financial Information of Registrant—(continued) (Parent Only) Statement of Cash Flows (Dollars in thousands) Years Ended December 31, 2015 2014 2013 Net cash provided by (used for) operating activities $ 95,891 $ (1,598 ) $ 57 Cash flows from financing activities: Proceeds from issuance of subordinated notes 100,000 — — Debt issuance cost (3,659 ) — — Purchases of A ordinary shares (333 ) (139 ) (55 ) Tax benefit on share-based compensation expense 10 37 — Redemption of ordinary shares (189,770 ) — — Net cash used for financing activities (93,752 ) (102 ) (55 ) Net change in cash and equivalents 2,139 (1,700 ) 2 Cash and cash equivalents at beginning of period 46 1,746 1,744 Cash and cash equivalents at end of period $ 2,185 $ 46 $ 1,746 Supplemental Non-Cash Disclosure: During the years ended December 31, 2014 and 2013, the Company received a non-cash dividend of $2.7 million and $19.1 million, respectively, from one of its subsidiaries which was used to repay intercompany balances due. The Company did not receive any non-cash dividends during the years ended December 31, 2015.

Supplementary Insurance Informa

Supplementary Insurance Information	12 Months Ended
	Dec. 31, 2015
Supplementary Insurance Information	GLOBAL INDEMNITY PLC SCHEDULE III—SUPPLEMENTARY INSURANCE INFORMATION (Dollars in thousands) Segment Deferred Policy Acquisition Costs Future Policy Benefits, Unearned Other Policy and At December 31, 2015: Commercial Lines $ 20,784 $ 524,607 $ 100,027 $ — Personal Lines 31,900 94,359 169,669 — Reinsurance Operations 3,833 61,081 16,589 — At December 31, 2014: Commercial Lines $ 21,249 $ 579,621 $ 102,118 $ — Reinsurance Operations 3,989 95,851 18,697 — At December 31, 2013: Commercial Lines $ 19,036 $ 678,381 $ 100,791 $ — Reinsurance Operations 3,141 101,085 15,838 — Segment Premium Revenue Benefits, Claims, Amortization of Deferred Policy Acquisition Costs Net Written For the year ended December 31, 2015: Commercial Lines $ 199,304 $ 97,530 $ 43,821 $ 197,526 Personal Lines 253,048 163,986 31,291 254,035 Reinsurance Operations 51,791 13,852 11,058 49,683 Total $ 504,143 $ 275,368 $ 86,170 $ 501,244 For the year ended December 31, 2014: Commercial Lines $ 211,165 $ 117,586 $ 45,015 $ 212,965 Reinsurance Operations 57,354 19,975 12,036 60,216 Total $ 268,519 $ 137,561 $ 57,051 $ 273,181 For the year ended December 31, 2013: Commercial Lines $ 196,302 $ 116,837 $ 44,115 $ 213,705 Reinsurance Operations 52,420 16,154 9,672 58,279 Total $ 248,722 $ 132,991 $ 53,787 $ 271,984 Unallocated Corporate Items Net Investment Income Corporate and Other Expenses For the year ended December 31, 2015 $ 34,609 $ 24,448 For the year ended December 31, 2014 $ 28,821 $ 14,559 For the year ended December 31, 2013 $ 37,209 $ 11,614

Reinsurance Earned Premiums

Reinsurance Earned Premiums	12 Months Ended
	Dec. 31, 2015
Reinsurance Earned Premiums	GLOBAL INDEMNITY PLC SCHEDULE IV—REINSURANCE EARNED PREMIUMS (Dollars in thousands) Direct Amount Ceded to Other Assumed from Other Companies Net Amount Percentage of Amount Assumed to Net For the year ended December 31, 2015: Property & Liability Insurance $ 452,441 $ 92,852 $ 144,554 $ 504,143 28.7 % For the year ended December 31, 2014: Property & Liability Insurance $ 228,652 $ 18,547 $ 58,414 $ 268,519 21.8 % For the year ended December 31, 2013: Property & Liability Insurance $ 215,713 $ 19,485 $ 52,494 $ 248,722 21.1 %

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts and Reserves	12 Months Ended
	Dec. 31, 2015
Valuation and Qualifying Accounts and Reserves	GLOBAL INDEMNITY PLC SCHEDULE V—VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (Dollars in thousands) Description Balance at Period Charged (Credited) to Costs Charged (Credited) Other Deductions Balance at End of Period For the year ended December 31, 2015: Investment asset valuation reserves: Mortgage loans $ — $ — $ — $ — $ — Real estate — — — — — Allowance for doubtful accounts: Premiums, accounts and notes receivable $ 1,518 $ 128 $ — $ — $ 1,646 Deferred tax asset valuation allowance — — — — — Reinsurance receivables 9,350 325 — — 9,675 For the year ended December 31, 2014: Investment asset valuation reserves: Mortgage loans $ — $ — $ — $ — $ — Real estate — — — — — Allowance for doubtful accounts: Premiums, accounts and notes receivable $ 1,782 $ (264 ) $ — $ — $ 1,518 Deferred tax asset valuation allowance — — — — — Reinsurance receivables 9,010 340 — — 9,350 For the year ended December 31, 2013: Investment asset valuation reserves: Mortgage loans $ — $ — $ — $ — $ — Real estate — — — — — Allowance for doubtful accounts: Premiums, accounts and notes receivable $ 1,338 $ 444 $ — $ — $ 1,782 Deferred tax asset valuation allowance — — — — — Reinsurance receivables 9,010 — — — 9,010

Supplementary Information For P

Supplementary Information For Property Casualty Underwriters	12 Months Ended
	Dec. 31, 2015
Supplementary Information For Property Casualty Underwriters	GLOBAL INDEMNITY PLC SCHEDULE VI — SUPPLEMENTARY INFORMATION FOR PROPERTY CASUALTY UNDERWRITERS (Dollars in thousands) Deferred Policy Acquisition Costs Reserves for Discount If Any Deducted Unearned Consolidated Property & Casualty Entities: As of December 31, 2015 $ 56,517 $ 680,047 $ 3,000 $ 286,285 As of December 31, 2014 25,238 675,472 4,000 120,815 As of December 31, 2013 22,177 779,466 6,000 116,629 Earned Net Claims and Claim Adjustment Amortization Of Deferred Policy Acquisition Costs Paid Claims and Claim Premiums Current Year Prior Year Consolidated Property & Casualty Entities: For the year ended December 31, 2015 $ 504,143 $ 34,609 $ 310,066 $ (34,698 ) $ 86,170 $ 332,417 $ 501,244 For the year ended December 31, 2014 268,519 28,821 153,994 (16,433 ) 57,051 172,265 273,181 For the year ended December 31, 2013 248,722 37,209 140,873 (7,882 ) 53,787 184,564 271,984

Principles of Consolidation a37

Principles of Consolidation and Basis of Presentation (Policies)	12 Months Ended
	Dec. 31, 2015
Business Segments	Starting in the 1 st quarter of 2015, the Company manages its business through three reportable business segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Company’s Commercial Lines, managed in Bala Cynwyd, PA, offers specialty property and casualty insurance products in the excess and surplus lines marketplace. The Company manages its Commercial Lines by differentiating them into three product classifications: Penn-America, which markets property and general liability products to small commercial businesses through a select network of wholesale general agents with specific binding authority; United National, which markets insurance products for targeted insured segments, including specialty products, such as property, general liability, and professional lines through program administrators with specific binding authority; and Diamond State, which markets property, casualty, and professional lines products, which are developed by the Company’s underwriting department by individuals with expertise in those lines of business, through wholesale brokers and also markets through program administrators having specific binding authority. These product classifications comprise the Company’s Commercial Lines business segment and are not considered individual business segments because each product has similar economic characteristics, distribution, and coverage. The Company’s Personal Lines segment, via the American Reliable product classification, offers specialty personal lines and agricultural coverage through general and specialty agents with specific binding authority on an admitted basis and is managed in Scottsdale, AZ. Collectively, the Company’s U.S. insurance subsidiaries are licensed in all 50 states and the District of Columbia. The Company’s Reinsurance Operations consist solely of the operations of its Bermuda-based wholly-owned subsidiary, Global Indemnity Reinsurance. Global Indemnity Reinsurance is a treaty reinsurer of specialty property and casualty insurance and reinsurance companies. The Company’s Reinsurance Operations segment provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies.
Intercompany Balances and Transactions	The consolidated financial statements include the accounts of Global Indemnity and its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Consolidated Statement of Cash Flows for the year ended December 31, 2013 that was included in the Form 10-K for the annual period ended December 31, 2013 classified $3.0 million as “Other assets and liabilities, net” within the “Cash flows from operating activities” section. These amounts were properly reclassified to the line item “Amortization and depreciation” in the Consolidated Statement of Cash Flows for the year ended December 31, 2013 as included in this Form 10-K for the annual period ended December 31, 2015 (“the December 31, 2015 10K”). These reclassifications do not impact “Net cash flows used for operating activities” nor does it impact any other financial metric or disclosure within the December 31, 2015 10K. The Company does not believe that these adjustments are material to the current or to any prior years’ consolidated financial statements. Certain other prior period amounts have been reclassified to conform to the current period presentation.
Restricted Cash	Restricted Cash At December 31, 2014, the Company had $113.7 million of cash in escrow to fund the acquisition of American Reliable on January 1, 2015. The funds were released from escrow when the transaction settled on January 1, 2015. See note 3 for further information on the acquisition of American Reliable.
Investments	Investments The Company’s investments in fixed maturities and equity securities are classified as available for sale and are carried at their fair value. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair values of the Company’s available for sale portfolio, excluding limited partnership interests, are determined on the basis of quoted market prices where available. If quoted market prices are not available, the Company uses third party pricing services to assist in determining fair value. In many instances, these services examine the pricing of similar instruments to estimate fair value. The Company purchases bonds with the expectation of holding them to their maturity; however, changes to the portfolio are sometimes required to assure it is appropriately matched to liabilities. In addition, changes in financial market conditions and tax considerations may cause the Company to sell an investment before it matures. The difference between amortized cost and fair value of the Company’s available for sale investments, net of the effect of deferred income taxes, is reflected in accumulated other comprehensive income in shareholders’ equity and, accordingly, has no effect on net income other than for the credit loss component of impairments deemed to be other than temporary. For investments in limited liability partnerships where the ownership interest is less than 3%, the Company carries these investments at fair value, and the change in the difference between cost and the fair value of the partnership interests, net of the effect of deferred income taxes, is reflected in accumulated other comprehensive income in shareholders’ equity and, accordingly, has no effect on net income other than for impairments deemed to be other than temporary. The Company uses the equity method to account for an investment in a limited partnership where its ownership interest exceeds 3%. The equity method of accounting for an investment in a limited partnership requires that its cost basis be updated to account for the income or loss earned on the investment. The income or loss associated with the partnerships is reflected in the Statement of Operations and the adjusted cost basis approximates fair value. The Company’s investments in other invested assets were valued at $32.6 million and $33.7 million as of December 31, 2015 and 2014, respectively. Both of these amounts relate to investments in limited partnerships. The Company does not have access to daily valuations, therefore; the estimated fair value of the limited partnerships are based on net asset value as a practical expedient for the limited partnerships. Net realized gains and losses on investments are determined based on the first-in, first-out method. The Company regularly performs various analytical valuation procedures with respect to its investments, including reviewing each fixed maturity security in an unrealized loss position to assess whether the security has a credit loss. Specifically, the Company considers credit rating, market price, and issuer specific financial information, among other factors, to assess the likelihood of collection of all principal and interest as contractually due. Securities for which the Company determines that a credit loss is likely are subjected to further analysis through discounted cash flow testing to estimate the credit loss to be recognized in earnings, if any. The specific methodologies and significant assumptions used by asset class are discussed below. Upon identification of such securities and periodically thereafter, a detailed review is performed to determine whether the decline is considered other than temporary. This review includes an analysis of several factors, including but not limited to, the credit ratings and cash flows of the securities and the magnitude and length of time that the fair value of such securities is below cost. For fixed maturities, the factors considered in reaching the conclusion that a decline below cost is other than temporary include, among others, whether: (1) the issuer is in financial distress; (2) the investment is secured; (3) a significant credit rating action occurred; (4) scheduled interest payments were delayed or missed; (5) changes in laws or regulations have affected an issuer or industry; (6) the investment has an unrealized loss and was identified by the Company’s investment manager as an investment to be sold before recovery or maturity; and (7) the investment failed cash flow projection testing to determine if anticipated principal and interest payments will be realized. According to accounting guidance for debt securities in an unrealized loss position, the Company is required to assess whether it has the intent to sell the debt security or more likely than not will be required to sell the debt security before the anticipated recovery. If either of these conditions is met the Company must recognize an other than temporary impairment with the entire unrealized loss being recorded through earnings. For debt securities in an unrealized loss position not meeting these conditions, the Company assesses whether the impairment of a security is other than temporary. If the impairment is deemed to be other than temporary, the Company must separate the other than temporary impairment into two components: the amount representing the credit loss and the amount related to all other factors, such as changes in interest rates. The credit loss represents the portion of the amortized book value in excess of the net present value of the projected future cash flows discounted at the effective interest rate implicit in the debt security prior to impairment. The credit loss component of the other than temporary impairment is recorded through earnings, whereas the amount relating to factors other than credit losses is recorded in other comprehensive income, net of taxes. For equity securities, management carefully reviews all securities with unrealized losses to determine if a security should be impaired and further focuses on securities that have either: (1) persisted with unrealized losses for more than twelve consecutive months or (2) the value of the investment has been 20% or more below cost for six continuous months or more. The amount of any write-down, including those that are deemed to be other than temporary, is included in earnings as a realized loss in the period in which the impairment arose. For an analysis of other than temporary losses that were recorded for the years ended December 31, 2015, 2014, and 2013, please see Note 4 below.
Variable Interest Entities	Variable Interest Entities The Company has variable interest in a Variable Interest Entity (‘VIE”) for which it is not the primary beneficiary and accounts for this VIE under the equity method since its ownership interest exceeds 3%. This partnership is deemed to be a VIE because the equity holders invest as passive limited partners and as a group lack power to direct the activities that most significantly impact the respective entity’s economic performance. The VIE generates variability from investment portfolio performance and that variability is passed to the equity holders. For this VIE, the Company absorbs a portion, but not the majority of this variability, based on its proportional equity interest. The fair value of the non-consolidated VIE, in which the Company has a significant variable interest, was $32.6 million and $30.3 million as of December 31, 2015 and 2014, respectively. The Company’s maximum exposure to loss was $52.6 million and $50.3 million as of December 31, 2015 and 2014, respectively. Maximum exposure to loss includes the fair value of the Company’s investment in this VIE and its unfunded commitment to the VIE. The Company’s investment in this VIE is included in other invested assets on the consolidated balance sheet with changes in fair value recorded in the statement of operations.
Cash and Cash Equivalents	Cash and Cash Equivalents For the purpose of the statements of cash flows, the Company considers all liquid instruments with an original maturity of three months or less to be cash equivalents. The Company has a cash management program that provides for the investment of excess cash balances primarily in short-term money market instruments. Generally, bank balances exceed federally insured limits. The carrying amount of cash and cash equivalents approximates fair value. At December 31, 2015, the Company had approximately $61.8 million of cash and cash equivalents that was invested in a diversified portfolio of high quality short-term debt securities.
Valuation of Premium Receivable	Valuation of Premium Receivable The Company evaluates the collectability of premium receivable based on a combination of factors. In instances in which the Company is aware of a specific circumstance where a party may be unable to meet its financial obligations to the Company, a specific allowance for bad debts against amounts due is recorded to reduce the net receivable to the amount reasonably believed by management to be collectible. For all remaining balances, allowances are recognized for bad debts based on the length of time the receivables are past due. The allowance for bad debts was $1.6 million and $1.5 million as of December 31, 2015 and 2014, respectively.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company tests for impairment of goodwill at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance. Accounting guidance allows for the testing of goodwill for impairment using both qualitative and quantitative factors. Impairment of goodwill is recognized only if the carrying amount of the reporting unit, including goodwill, exceeds the fair value of the reporting unit. The amount of the impairment loss would be equal to the excess carrying value of the goodwill over the implied fair value of the reporting unit goodwill. Based on the qualitative assessment performed, there was no impairment of goodwill as of December 31, 2015. Impairment of intangible assets with an indefinite useful life is tested at least annually and more frequently as circumstances warrant in accordance with applicable accounting guidance. Accounting guidance allows for the testing of indefinite lived intangible assets for impairment using both qualitative and quantitative factors. Impairment of indefinite lived intangible assets is recognized only if the carrying amount of the intangible assets exceeds the fair value of said assets. The amount of the impairment loss would be equal to the excess carrying value of the assets over the fair value of said assets. Based on the qualitative assessment performed, there were no impairments of indefinite lived intangible assets as of December 31, 2015. Intangible assets that are not deemed to have an indefinite useful life are amortized over their estimated useful lives. The carrying amounts of definite lived intangible assets are regularly reviewed for indicators of impairment in accordance with applicable accounting guidance. Impairment is recognized only if the carrying amount of the intangible asset is in excess of its undiscounted projected cash flows. The impairment is measured as the difference between the carrying amount and the estimated fair value of the asset. As of December 31, 2015, there were no triggering events that occurred during the year that would result in an impairment of definite lived intangible assets. See note 7 for additional information on goodwill and intangible assets.
Reinsurance	Reinsurance In the normal course of business, the Company seeks to reduce the loss that may arise from events that cause unfavorable underwriting results by reinsuring certain levels of risk from various areas of exposure with reinsurers. Amounts receivable from reinsurers are estimated in a manner consistent with the reinsured policy and the reinsurance contract. The Company regularly reviews the collectability of reinsurance receivables. An allowance for uncollectible reinsurance receivable is recognized based on the financial strength of the reinsurers and the length of time any balances are past due. Any changes in the allowance resulting from this review are included in net losses and loss adjustment expenses on the statement of operations during the period in which the determination is made. The allowance for uncollectible reinsurance was $9.7 million and $9.4 million as of December 31, 2015 and 2014, respectively. The applicable accounting guidance requires that the reinsurer must assume significant insurance risk under the reinsured portions of the underlying insurance contracts and that there must be a reasonably possible chance that the reinsurer may realize a significant loss from the transaction. The Company has evaluated its reinsurance contracts and concluded that each contract qualifies for reinsurance accounting treatment pursuant to this guidance.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is provided when it is more likely than not that some portion of the deferred tax assets will not be realized. The deferred tax asset balance is analyzed regularly by management. This assessment requires significant judgment and considers, among other matters, the nature, frequency and severity of current and cumulative losses, forecasts of future profitability, the duration of carryforward periods, and tax planning strategies and/or actions. Management believes that it is more likely than not that the results of future operations will generate sufficient taxable income to realize the remaining deferred income tax assets, and accordingly, the Company has not established any valuation allowances.
Deferred Acquisition Costs	Deferred Acquisition Costs The costs of acquiring new and renewal insurance and reinsurance contracts include commissions, premium taxes and certain other costs that are directly related to the successful acquisition of new and renewal insurance and reinsurance contracts. The excess of the Company’s costs of acquiring new and renewal insurance and reinsurance contracts over the related ceding commissions earned from reinsurers is capitalized as deferred acquisition costs and amortized over the period in which the related premiums are earned. The amortization of deferred acquisition costs for the years ended December 31, 2015, 2014, and 2013 was $86.2 million, $57.1 million, and $53.8 million, respectively.
Premium Deficiency	Premium Deficiency A premium deficiency is recognized if the sum of expected loss and loss adjustment expenses and unamortized acquisition costs exceeds related unearned premium after consideration of investment income. This evaluation is done at a product line level in Insurance Operations and at a treaty level in Reinsurance Operations. Any future expected loss on the related unearned premium is recorded first by impairing the unamortized acquisition costs on the related unearned premium followed by an increase to loss and loss adjustment expense reserves on additional expected loss in excess of unamortized acquisition costs. For the years ended December 31, 2015, 2014, and 2013, the total premium deficiency charges were $0.2 million, $0.4 million, and $1.7 million, respectively, comprised solely of reductions to unamortized deferred acquisition costs within the commercial automobile lines in the Commercial Lines Segment. Based on the Company’s analysis, the Company expensed acquisition cost as incurred for the remainder of 2013, 2014 and 2015 for the commercial automobile lines in the Commercial Lines Segment. As the charges were a reduction of unamortized deferred acquisition costs in each respective period, no premium deficiency reserve existed as of December 31, 2015 or 2014.
Derivative Instruments	Derivative Instruments The Company uses derivative instruments to manage its exposure to cash flow variability from interest rate risk. The derivative instruments are carried on the balance sheet at fair value and included in other assets or other liabilities. Changes in the fair value of the derivative instruments and the periodic net interest settlements under the derivatives instruments are recognized as net realized investment gains on the consolidated statement of operations.
Margin Borrowing Facilities	Margin Borrowing Facilities The carrying amounts reported in the balance sheet represent the outstanding borrowings. The outstanding borrowings are due on demand; therefore, the cash receipts and cash payments related to the margin borrowing facilities are shown net in the consolidated statement of cash flows.
Subordinated Notes	Subordinated Notes The carrying amounts reported in the balance sheet represent the outstanding balances, net of deferred issuance cost. See note 11 for details.
Notes and Debentures Payable	Notes and Debentures Payable In 2013, the Company repaid the entire outstanding principal due on the junior subordinated debentures. The Company’s business trust subsidiaries were cancelled in the 4 th quarter of 2013.
Unpaid Losses and Loss Adjustment Expenses	Unpaid Losses and Loss Adjustment Expenses The liability for unpaid losses and loss adjustment expenses represents the Company’s best estimate of future amounts needed to pay losses and related settlement expenses with respect to events insured by the Company. This liability is based upon the accumulation of individual case estimates for losses reported prior to the close of the accounting period with respect to direct business, estimates received from ceding companies with respect to assumed reinsurance, and estimates of unreported losses. The process of establishing the liability for unpaid losses and loss adjustment is complex, requiring the use of informed actuarially based estimates and management’s judgment. In some cases, significant periods of time, up to several years or more, may elapse between the occurrence of an insured loss and the reporting of that loss to the Company. To establish this liability, the Company regularly reviews and updates the methods of making such estimates and establishing the resulting liabilities. Any resulting adjustments are recorded in statement of operations during the period in which the determination is made.
Premiums	Premiums Premiums are recognized as revenue ratably over the term of the respective policies and treaties. Unearned premiums are computed on a pro rata basis to the day of expiration.
Contingent Commissions	Contingent Commissions Certain professional general agencies of the Insurance Operations are paid special incentives, referred to as contingent commissions, when results of business produced by these agencies are more favorable than predetermined thresholds. Similarly, in some circumstances, companies that cede business to the Reinsurance Operations are paid profit commissions based on the profitability of the ceded portfolio. These commissions are charged to other underwriting expenses when incurred.
Share-Based Compensation	Share-Based Compensation The Company accounts for stock options and other equity based compensation using the modified prospective application of the fair value-based method permitted by the appropriate accounting guidance. See Note 15 for details.
Earnings per Share	Earnings per Share Basic earnings per share have been calculated by dividing net income available to common shareholders by the weighted-average ordinary shares outstanding. Diluted earnings per share has been calculated by dividing net income available to common shareholders by the sum of the weighted-average ordinary shares outstanding and the weighted-average common share equivalents outstanding, which include options and other equity awards. See Note 17 for details.
Foreign Currency	Foreign Currency The Company maintains investments and cash accounts in foreign currencies related to the operations of its business. At period-end, the Company re-measures non-U.S. currency financial assets to their current U.S. dollar equivalent. The resulting gain or loss for foreign denominated investments is reflected in accumulated other comprehensive income in shareholders’ equity; whereas, the gain or loss on foreign denominated cash accounts is reflected in income during the period. Financial liabilities, if any, are generally adjusted within the reserving process. However, for known losses on claims to be paid in foreign currencies, the Company re-measures the liabilities to their current U.S. dollar equivalent each period end with the resulting gain or loss reflected in income during the period. Net transaction gains, primarily comprised of re-measurement of known losses on claims to be paid in foreign currencies, were $0.4 million, $0.5 million and $0.3 million for the years ended December 31, 2015, 2014, and 2013, respectively.
Other income	Other income On December 31, 2013, Diamond State Insurance Company sold all the outstanding shares of capital stock of one of its wholly owned subsidiaries, United National Casualty Insurance Company to an unrelated party. Diamond State Insurance Company received a one-time payment of $26.6 million and recognized a pretax gain of $5.2 million which is reflected in other income in 2013. Management deemed this transaction to be an asset sale with the assets primarily comprised of investments and insurance licenses. This transaction did not have a significant impact on the ongoing business operations of the Company. In addition, other income is comprised of fee income on policies issued, commission income, accrued interest on the anticipated indemnification of unpaid loss and loss adjustment expense reserve, and foreign exchange gains and losses.
Fair Value Measurement Policy	The Company’s invested assets and derivative instruments are carried at their fair value and are categorized based upon a fair value hierarchy: • Level 1—inputs utilize quoted prices (unadjusted) in active markets for identical assets that the Company has the ability to access at the measurement date. • Level 2—inputs utilize other than quoted prices included in Level 1 that are observable for similar assets, either directly or indirectly. • Level 3—inputs are unobservable for the asset, and include situations where there is little, if any, market activity for the asset. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy within which the fair value measurement falls has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset. The Company’s pricing vendors provide prices for all investment categories except for investments in limited partnerships which are measured utilizing net asset values as a practical expedient. Two vendors provide prices for equity and fixed maturity securities. The following is a description of the valuation methodologies used by the Company’s pricing vendors for investment securities carried at fair value: • Common stock prices are received from all primary and secondary exchanges. • Corporate and agency bonds are evaluated by utilizing a multi-dimensional relational model. For bonds with early redemption options, an option adjusted spread model is utilized. Both asset classes use standard inputs and incorporate security set up, defined sector breakdown, benchmark yields, apply base spreads, yield to maturity, and adjust for corporate actions. • Data from commercial vendors is aggregated with market information, then converted into a prepayment/spread/LIBOR curve model used for commercial mortgage obligations (“CMO”). CMOs are categorized with mortgage-backed securities in the tables listed above. For asset-backed securities, data derived from market information along with trustee and servicer reports is converted into spreads to interpolated swap yield curve. For both asset classes, evaluations utilize standard inputs plus new issue data, monthly payment information, and collateral performance. The evaluated pricing models incorporate discount rates, loan level information, prepayment speeds, treasury benchmarks, and LIBOR and swap curves. • For obligations of state and political subdivisions, a multi-dimensional relational model is used to evaluate securities. The pricing models incorporate security set-up, benchmark yields, apply base spreads, yield to worst or market convention, ratings updates, prepayment schedules and adjustments for material events notices. • U.S. treasuries are evaluated by obtaining feeds from a number of live data sources including active market makers and inter-dealer brokers. • For mortgage-backed securities, a matrix model correlation to TBA (a forward MBS trade) or benchmarking is utilized to value a security.
Statutory Income Tax Rates	statutory income tax rate of each country is applied against the annual taxable income of each country to calculate the annual income tax expense.
Tax Uncertainties	The Company applies a more-likely-than-not recognition threshold for all tax uncertainties whereby it only recognizes those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the taxing authorities.
Loss Reserves and Prior Year Development	When analyzing loss reserves and prior year development, the Company considers many factors, including the frequency and severity of claims, loss trends, case reserve settlements that may have resulted in significant development, and any other additional or pertinent factors that may impact reserve estimates.
Share-Based Compensation	The fair value method of accounting recognizes share-based compensation to employees and non-employee directors in the statements of operations using the grant-date fair value of the stock options and other equity-based compensation expensed over the requisite service and vesting period. For the purpose of determining the fair value of stock option awards, the Company uses the Black-Scholes option-pricing model. An estimation of forfeitures is required when recognizing compensation expense which is then adjusted over the requisite service period should actual forfeitures differ from such estimates. Changes in estimated forfeitures are recognized through a cumulative adjustment to compensation in the period of change. The prescribed accounting guidance also requires tax benefits relating to excess stock-based compensation deductions to be prospectively presented in the statement of cash flows as financing cash inflows.
Financial Information	Global Indemnity Reinsurance must also prepare annual statutory financial statements. The Bermuda Insurance Act 1978 (the “Insurance Act”) prescribes rules for the preparation and substance of these statutory financial statements which include, in statutory form, a balance sheet, an income statement, a statement of capital and surplus and notes thereto. The statutory financial statements are not prepared in accordance with GAAP or SAP and are distinct from the financial statements prepared for presentation to Global Indemnity Reinsurance’s shareholders and under the Bermuda Companies Act 1981 (the “Companies Act”), which financial statements will be prepared in accordance with GAAP. The principal differences between statutory financial statements prepared under the Insurance Act and GAAP are as follows: • Under the Insurance Act, policy acquisition costs, such as commissions, premium taxes, fees and other costs of underwriting policies are charged to current operations as incurred, while under GAAP such costs are deferred and amortized on a pro rata basis over the period covered by the policy. • Under the Insurance Act, prepaid expenses and intangible assets are charged to current operations as incurred, while under GAAP such costs are deferred and amortized on a pro rata basis. • Under the Insurance Act, unpaid losses and loss adjustment expenses and unearned premiums are reported net of the effects of reinsurance transactions, whereas under GAAP, unpaid losses and loss adjustment expenses and unearned premiums are reported gross of reinsurance.
Global Indemnity Reinsurance
Financial Information	GAAP differs in certain respects from Statutory Accounting Principles (“SAP”) as prescribed or permitted by the various U.S. state insurance departments. The principal differences between SAP and GAAP are as follows: • Under SAP, investments in debt securities are primarily carried at amortized cost, while under GAAP the Company records its debt securities at estimated fair value. • Under SAP, policy acquisition costs, such as commissions, premium taxes, fees and other costs of underwriting policies are charged to current operations as incurred, while under GAAP such costs are deferred and amortized on a pro rata basis over the period covered by the policy. • Under SAP, certain assets designated as “Non-admitted assets” (such as prepaid expenses) are charged against surplus. • Under SAP, net deferred income tax assets are admitted following the application of specified criteria, with the resulting admitted deferred tax amount being credited directly to surplus. • Under SAP, certain premium receivables are non-admitted and are charged against surplus based upon aging criteria. • Under SAP, the costs and related receivables for guaranty funds and other assessments are recorded based on management’s estimate of the ultimate liability and related receivable settlement, while under GAAP such costs are accrued when the liability is probable and reasonably estimable and the related receivable amount is based on future premium collections or policy surcharges from in-force policies. • Under SAP, unpaid losses and loss adjustment expenses and unearned premiums are reported net of the effects of reinsurance transactions, whereas under GAAP, unpaid losses and loss adjustment expenses and unearned premiums are reported gross of reinsurance. • Under SAP, a provision for reinsurance is charged to surplus based on the authorized status of reinsurers, available collateral, and certain aging criteria, whereas under GAAP, an allowance for uncollectible reinsurance is established based on management’s best estimate of the collectability of reinsurance receivables.

Acquisition (Tables)

Acquisition (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Unaudited Pro Forma Consolidated Results of Operations	The following table presents the Company’s unaudited pro forma consolidated results of operations for the years December 31, 2015 and 2014 as if the acquisition had occurred on January 1, 2014 instead of January 1, 2015. Pro Forma Years Ended December 31, (Dollars in thousands except per share data) 2015 2014 Total Revenue $ 538,778 $ 597,583 Net Income (Loss) $ 46,864 $ 63,053 Net Income (Loss) per share (diluted) $ 1.91 $ 2.46
Intangible assets	An identification and valuation of intangible assets was performed that resulted in the recognition of intangible assets of $32.0 million with values assigned as follows: (Dollars in thousands) Description Useful Life Amount State insurance licenses Indefinite $ 5,000 Value of business acquired < 1 year 25,500 Agent relationships 10 years 900 Trade name 7 years 600 $ 32,000
Expected Amortization Expense	The Company expects that amortization expense for the next five years will be as follows: (Dollars in thousands) 2016 $ 529 2017 529 2018 529 2019 529 2020 529
American Reliable Insurance Company
Estimated Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the estimated fair value of the assets acquired and liabilities assumed at the date of the acquisition as of December 31, 2015 compared to September 30, 2015 along with changes in estimates made during the quarter. As of (Dollars in thousands) December 31, 2015 September 30, 2015 Change ASSETS: Investments $ 226,458 $ 226,458 $ — Cash and cash equivalents 21,360 21,360 — Premiums receivables, net 26,102 25,941 161 Accounts receivable 11,311 11,311 — Reinsurance receivables 13,842 13,842 — Prepaid reinsurance premiums 43,506 43,506 — Intangible assets 32,000 32,000 — Deferred federal income taxes 915 1,139 (224 ) Other assets 6,473 6,550 (77 ) Total assets 381,967 382,107 (140 ) LIABILITIES: Unearned premiums 172,234 172,234 — Unpaid losses and loss adjustment expenses 89,489 89,489 — Reinsurance balances payable 13,219 13,219 — Contingent commissions 3,903 3,876 27 Other liabilities 5,026 5,608 (582 ) Total liabilities 283,871 284,426 (555 ) Estimated fair value of net assets acquired 98,096 97,681 415 Purchase price 99,797 99,797 — Goodwill $ 1,701 $ 2,116 $ (415 )
Intangible assets	The following table presents details of the Company’s intangible assets arising from the American Reliable acquisition as of December 31, 2015: (Dollars in thousands) Description Useful Life Cost Accumulated Net State insurance licenses Indefinite $ 5,000 $ — $ 5,000 Value of business acquired < 1 year 25,500 25,500 0 Agent relationships 10 years 900 90 810 Trade name 7 years 600 86 514 $ 32,000 $ 25,676 $ 6,324
Expected Amortization Expense	The Company expects that amortization expense for the next five years related to the American Reliable acquisition will be as follows: (Dollars in thousands) 2016 $ 176 2017 176 2018 176 2019 176 2020 176
Fair Value, Gross Contractual Amounts Due, and Contractual Cash Flows Not Expected to be Collected of Acquired Receivables	The fair value, gross contractual amounts due, and contractual cash flows not expected to be collected of acquired receivables are as follows: (Dollars in thousands) Fair Value Gross Contractual Premium receivables $ 26,102 $ 26,896 $ 794 Accounts receivable 11,311 11,311 — Reinsurance receivables 13,842 13,842 —

Investments (Tables)

Investments (Tables)	12 Months Ended
	Dec. 31, 2015
Schedule of Amortized Cost and Estimated Fair Value of Investments	The amortized cost and estimated fair value of investments were as follows as of December 31, 2015 and 2014: (Dollars in thousands) Amortized Cost Gross Gross Estimated Other than As of December 31, 2015 Fixed maturities: U.S. treasury and agency obligations $ 106,303 $ 1,140 $ (321 ) $ 107,122 $ — Obligations of states and political subdivisions 203,121 2,576 (457 ) 205,240 — Mortgage-backed securities 157,753 2,113 (743 ) 159,123 — Asset-backed securities 261,008 435 (1,421 ) 260,022 (9 ) Commercial mortgage-backed securities 142,742 — (2,352 ) 140,390 — Corporate bonds 334,720 685 (3,294 ) 332,111 — Foreign corporate bonds 102,686 194 (739 ) 102,141 — Total fixed maturities 1,308,333 7,143 (9,327 ) 1,306,149 (9 ) Common stock 100,157 16,118 (5,960 ) 110,315 — Other invested assets 32,592 — — 32,592 — Total $ 1,441,082 $ 23,261 $ (15,287 ) $ 1,449,056 $ (9 ) (1) Represents the total amount of other than temporary impairment losses relating to factors other than credit losses recognized in accumulated other comprehensive income (“AOCI”). (Dollars in thousands) Amortized Cost Gross Gross Estimated Other than As of December 31, 2014 Fixed maturities: U.S. treasury and agency obligations $ 78,569 $ 2,281 $ (83 ) $ 80,767 $ — Obligations of states and political subdivisions 188,452 3,718 (697 ) 191,473 — Mortgage-backed securities 205,814 3,709 (764 ) 208,759 (4 ) Asset-backed securities 177,853 713 (303 ) 178,263 (13 ) Commercial mortgage-backed securities 133,984 21 (847 ) 133,158 — Corporate bonds 380,704 3,421 (709 ) 383,416 — Foreign corporate bonds 107,572 625 (558 ) 107,639 — Total fixed maturities 1,272,948 14,488 (3,961 ) 1,283,475 (17 ) Common stock 99,297 25,689 (2,938 ) 122,048 — Other invested assets 33,174 489 — 33,663 — Total $ 1,405,419 $ 40,666 $ (6,899 ) $ 1,439,186 $ (17 ) (1) Represents the total amount of other than temporary impairment losses relating to factors other than credit losses recognized in accumulated other comprehensive income (“AOCI”).
Summary of Amortized Cost and Estimated Fair Value Through Fixed Maturities	The amortized cost and estimated fair value of the Company’s fixed maturities portfolio classified as available for sale at December 31, 2015, by contractual maturity, are shown below. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. (Dollars in thousands) Amortized Cost Estimated Due in one year or less $ 107,010 $ 107,582 Due in one year through five years 595,977 594,859 Due in five years through ten years 38,048 38,016 Due in ten years through fifteen years 1,738 2,137 Due after fifteen years 4,057 4,020 Mortgage-backed securities 157,753 159,123 Asset-backed securities 261,008 260,022 Commercial mortgage-backed securities 142,742 140,390 Total $ 1,308,333 $ 1,306,149
Summary of Securities With Gross Unrealized Losses	The following table contains an analysis of the Company’s securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of December 31, 2015: Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Fair Value Gross Fair Value Gross Fixed maturities: U.S. treasury and agency obligations $ 79,496 $ (321 ) $ — $ — $ 79,496 $ (321 ) Obligations of states and political subdivisions 49,708 (373 ) 7,732 (84 ) 57,440 (457 ) Mortgage-backed securities 63,759 (743 ) — — 63,759 (743 ) Asset-backed securities 203,381 (1,404 ) 4,843 (17 ) 208,224 (1,421 ) Commercial mortgage-backed securities 118,813 (2,005 ) 21,577 (347 ) 140,390 (2,352 ) Corporate bonds 211,364 (3,269 ) 2,120 (25 ) 213,484 (3,294 ) Foreign corporate bonds 63,860 (697 ) 5,129 (42 ) 68,989 (739 ) Total fixed maturities 790,381 (8,812 ) 41,401 (515 ) 831,782 (9,327 ) Common stock 36,798 (5,960 ) — — 36,798 (5,960 ) Total $ 827,179 $ (14,772 ) $ 41,401 $ (515 ) $ 868,580 $ (15,287 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired. The following table contains an analysis of the Company’s securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of December 31, 2014: Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Fair Value Gross Fair Value Gross Fixed maturities: U.S. treasury and agency obligations $ 11,728 $ (9 ) $ 3,343 $ (74 ) $ 15,071 $ (83 ) Obligations of states and political subdivisions 28,684 (314 ) 28,061 (383 ) 56,745 (697 ) Mortgage-backed securities 2,818 (7 ) 51,203 (757 ) 54,021 (764 ) Asset-backed securities 92,123 (283 ) 1,683 (20 ) 93,806 (303 ) Commercial mortgage-backed securities 92,664 (525 ) 26,280 (322 ) 118,944 (847 ) Corporate bonds 144,505 (656 ) 3,216 (53 ) 147,721 (709 ) Foreign corporate bonds 60,518 (558 ) — — 60,518 (558 ) Total fixed maturities 433,040 (2,352 ) 113,786 (1,609 ) 546,826 (3,961 ) Common stock 20,002 (2,808 ) 1,577 (130 ) 21,579 (2,938 ) Total $ 453,042 $ (5,160 ) $ 115,363 $ (1,739 ) $ 568,405 $ (6,899 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired.
Schedule of Other Than Temporary Impairments on Investments	The Company recorded the following other than temporary impairments (“OTTI”) on its investment portfolio for the years ended December 31, 2015, 2014, and 2013: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities: OTTI losses, gross $ (24 ) $ (31 ) $ (280 ) Portion of loss recognized in other comprehensive income (pre-tax) — — — Net impairment losses on fixed maturities recognized in earnings (24 ) (31 ) (280 ) Equity securities (7,311 ) (470 ) (959 ) Total $ (7,335 ) $ (501 ) $ (1,239 )
Schedule of Credit Losses Recognized in Earnings	The following table is an analysis of the credit losses recognized in earnings on fixed maturities held by the Company as of December 31, 2015, 2014, and 2013 for which a portion of the OTTI loss was recognized in other comprehensive income. Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Balance at beginning of period $ 50 $ 54 $ 86 Additions where no OTTI was previously recorded — — — Additions where an OTTI was previously recorded — — — Reductions for securities for which the company intends to sell or more likely than not will be required to sell before recovery — — — Reductions reflecting increases in expected cash flows to be collected — — — Reductions for securities sold during the period (19 ) (4 ) (32 ) Balance at end of period $ 31 $ 50 $ 54
Schedule of Accumulated Other Comprehensive Income, Net of Tax	Accumulated Other Comprehensive Income, Net of Tax Accumulated other comprehensive income, net of tax, as of December 31, 2015 and 2014 was as follows: (Dollars in thousands) December 31, 2015 2014 Net unrealized gains (losses) from: Fixed maturities $ (2,184 ) $ 10,527 Common stock 10,158 22,751 Other — 369 Deferred taxes (3,896 ) (10,263 ) Accumulated other comprehensive income, net of tax $ 4,078 $ 23,384
Changes in Accumulated Other Comprehensive Income	The following tables present the changes in accumulated other comprehensive income, net of tax, by component for the years ended December 31, 2015 and 2014: Year Ended December 31, 2015 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 23,647 $ (263 ) $ 23,384 Other comprehensive income (loss) before reclassification (17,065 ) (256 ) (17,321 ) Amounts reclassified from accumulated other comprehensive income (loss) (2,382 ) 397 (1,985 ) Other comprehensive income (loss) (19,447 ) 141 (19,306 ) Ending balance $ 4,200 $ (122 ) $ 4,078 Year Ended December 31, 2014 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 53,950 $ 78 $ 54,028 Other comprehensive income (loss) before reclassification 6,820 (287 ) 6,533 Amounts reclassified from accumulated other comprehensive income (loss) (37,123 ) (54 ) (37,177 ) Other comprehensive income (loss) (30,303 ) (341 ) (30,644 ) Ending balance $ 23,647 $ (263 ) $ 23,384
Reclassifications Out of Accumulated Other Comprehensive Income	The reclassifications out of accumulated other comprehensive income for the years ended December 31, 2015 and 2014 were as follows: Amounts Reclassified from Years Ended December 31, Dollars in thousands) Details about Accumulated Other Comprehensive Income Components Affected Line Item in the Consolidated Statements of Operations 2015 2014 Unrealized gains and losses on available for sale securities Other net realized investment (gains) $ (11,559 ) $ (57,114 ) Other than temporary impairment losses on investments 7,335 501 Total before tax (4,224 ) (56,613 ) Income tax expense 1,842 19,490 Unrealized gains and losses on available for sale securities, net of tax $ (2,382 ) $ (37,123 ) Foreign currency items Other net realized investment (gains) losses $ 610 $ (83 ) Income tax expense (benefit) (213 ) 29 Foreign currency items, net of tax $ 397 $ (54 ) Total reclassifications Total reclassifications, net of tax $ (1,985 ) $ (37,177 )
Components of Net Realized Investment Gains (Losses)	The components of net realized investment gains (losses) for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities: Gross realized gains $ 3,565 $ 2,843 $ 1,857 Gross realized losses (2,180 ) (703 ) (691 ) Net realized gains 1,385 2,140 1,166 Common stock: Gross realized gains 10,379 55,907 27,302 Gross realized losses (8,246 ) (1,351 ) (2,483 ) Net realized gains 2,133 54,556 24,819 Preferred stock: Gross realized gains 96 0 0 Gross realized losses — 0 0 Net realized gains 96 0 0 Derivatives: Gross realized gains — — 1,668 Gross realized losses (6,988 ) (20,836 ) (241 ) Net realized gains (losses) (6,988 ) (20,836 ) 1,427 Total net realized investment gains (losses) $ (3,374 ) $ 35,860 $ 27,412
Proceeds from Sales of Available-for-Sale Securities	The proceeds from sales of available for sale securities resulting in net realized investment gains (losses) for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities $ 647,404 $ 415,739 $ 292,200 Equity securities 39,723 191,765 101,379 Preferred stock 1,540 — —
Schedule of Investment Income	The sources of net investment income for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Fixed maturities $ 32,091 $ 26,788 $ 35,669 Equity securities 3,125 5,484 5,452 Cash and cash equivalents 82 61 126 Other invested assets 2,620 87 141 Total investment income 37,918 32,420 41,388 Investment expense (3,309 ) (3,599 ) (4,179 ) Net investment income $ 34,609 $ 28,821 $ 37,209
Schedule of Total Investment Return	The Company’s total investment return on a pre-tax basis for the years ended December 31, 2015, 2014, and 2013 were as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Net investment income $ 34,609 $ 28,821 $ 37,209 Net realized investment gains(losses) (3,374 ) 35,860 27,412 Change in unrealized holding gains and losses (25,673 ) (45,861 ) 7,301 Net realized and unrealized investment returns (29,047 ) (10,001 ) 34,713 Total investment return $ 5,562 $ 18,820 $ 71,922 Total investment return % 0.3 % 1.2 % 4.6 % Average investment portfolio $ 1,752,785 $ 1,533,104 $ 1,549,747
Municipal Bonds with and without Insurance	The following table provides a breakdown of the ratings for these municipal bonds with and without insurance. (Dollars in thousands) Rating Ratings with Insurance Ratings without Insurance AA $ 507 $ — BB — 507 Total $ 507 $ 507
Summary of Insurance Enhanced Municipal Bonds Backed by Financial Guarantors	A summary of the Company’s insurance enhanced municipal bonds that are backed by financial guarantors, including the pre-refunded bonds that are escrowed in U.S. government obligations, as of December 31, 2015, is as follows: (Dollars in thousands) Financial Guarantor Total Pre-refunded Government Exposure Net of Pre-refunded Securities Ambac Financial Group $ 1,541 $ 469 $ — $ 1,072 Assured Guaranty Corporation 3,616 — — 3,616 Municipal Bond Insurance Association 4,865 — — 4,865 Gov’t National Housing Association 551 — 551 — Total backed by financial guarantors 10,573 469 551 9,553 Other credit enhanced municipal bonds 7,982 7,982 — — Total $ 18,555 $ 8,451 $ 551 $ 9,553
Summary of Estimated Fair Values of Bonds Held on Deposit	The fair values were as follows as of December 31, 2015 and 2014: Estimated Fair Value (Dollars in thousands) December 31, December 31, On deposit with governmental authorities $ 38,815 $ 32,790 Intercompany trusts held for the benefit of U.S. policyholders 643,216 495,301 Held in trust pursuant to third party requirements 66,544 95,828 Letter of credit held for third party requirements 5,598 9,340 Securities held as collateral for borrowing arrangements (1) 95,647 222,809 Total $ 849,820 $ 856,068 (1) Amount required to collateralize margin borrowing facilities.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	12 Months Ended
	Dec. 31, 2015
Summarized Information of Location and Gross Amount of Derivatives' Fair Value in Consolidated Balance Sheets	The following table summarizes information on the location and the gross amount of the derivatives’ fair value on the consolidated balance sheets as of December 31, 2015 and 2014: (Dollars in thousands) Derivatives Not Designated as Hedging Instruments under ASC 815 Balance Sheet December 31, 2015 December 31, 2014 Notional Fair Notional Fair Value Interest rate swap agreements Other liabilities $ 200,000 $ (15,256 ) $ 200,000 $ (13,675 )
Summary of Net Losses Included in Consolidated Statement of Operations for Changes in Fair Value of Derivatives and Periodic net Interest Settlements Under Derivatives	The following table summarizes the net gains (losses) included in the consolidated statement of operations for changes in the fair value of the derivatives and the periodic net interest settlements under the derivatives for the years ended December 31, 2015, 2014, and 2013: (Dollars in thousands) Statement of Operations Line Years Ended December 31, 2015 2014 2013 Interest rate swap agreements Net realized investment gains (losses) $ (6,988 ) $ (20,836 ) $ 1,427

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2015
Company's Invested Assets and Derivative Instruments Measured at Fair Value on Recurring Basis	The following table presents information about the Company’s invested assets and derivative instruments measured at fair value on a recurring basis as of December 31, 2015 and 2014, and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. As of December 31, 2015 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 101,264 $ 5,858 $ — $ 107,122 Obligations of states and political subdivisions — 205,240 — 205,240 Mortgage-backed securities — 159,123 — 159,123 Commercial mortgage-backed securities — 140,390 — 140,390 Asset-backed securities — 260,022 — 260,022 Corporate bonds — 332,111 — 332,111 Foreign corporate bonds — 102,141 — 102,141 Total fixed maturities 101,264 1,204,885 — 1,306,149 Common stock 110,315 — — 110,315 Total assets measured at fair value (1) $ 211,579 $ 1,204,885 $ — $ 1,416,464 Liabilities: Derivative instruments $ — $ 15,256 $ — $ 15,256 Total liabilities measured at fair value $ — $ 15,256 $ — $ 15,256 (1) Excluded from the table above are limited partnerships of $32.6 million at December 31, 2015 whose fair value is based on net asset value as a practical expedient. Based on new accounting guidance adopted this quarter, these investments are excluded from the hierarchy table. As of December 31, 2014 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 74,765 $ 6,002 $ — $ 80,767 Obligations of states and political subdivisions — 191,473 — 191,473 Mortgage-backed securities — 208,759 — 208,759 Commercial mortgage-backed securities — 133,158 — 133,158 Asset-backed securities — 178,263 — 178,263 Corporate bonds — 383,416 — 383,416 Foreign corporate bonds — 107,639 — 107,639 Total fixed maturities 74,765 1,208,710 — 1,283,475 Common stock 122,048 — — 122,048 Total assets measured at fair value $ 196,813 $ 1,208,710 $ — $ 1,405,523 Liabilities: Derivative instruments $ — $ 13,675 $ — $ 13,675 Total liabilities measured at fair value $ — $ 13,675 $ — $ 13,675 (1) Excluded from the table above are limited partnerships of $33.7 million at December 31, 2014 whose fair value is based on net asset value as a practical expedient. Based on new accounting guidance adopted this quarter, these investments are excluded from the hierarchy table.
Current Fair Value of Debt	For the Company’s material debt arrangements, the current fair value of the Company’s debt at December 31, 2015 and 2014 was as follows: December 31, 2015 December 31, 2014 (Dollars in thousands) Carrying Value Fair Value Carrying Value Fair Value Margin Borrowing Facilities $ 75,646 $ 75,646 $ 174,673 $ 174,673 7.75% Subordinated Notes due 2045 (1) 96,388 91,748 — — Total $ 172,034 $ 167,394 $ 174,673 $ 174,673 (1) As of December 31, 2015, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.6 million.
Fair Value and Future Funding Commitments Related to These Investments	The following table provides the fair value and future funding commitments related to these investments at December 31, 2015 and 2014. December 31, 2015 December 31, 2014 (Dollars in thousands) Fair Value Future Fair Value Future Equity Fund, LP (1) $ — $ — $ 3,401 $ 2,436 Real Estate Fund, LP (2) — — — — European Non-Performing Loan Fund, LP (3) 32,592 20,014 30,262 20,064 Total $ 32,592 $ 20,014 $ 33,663 $ 22,500 (1) Prior to November 9, 2015, this limited partnership invested in companies, from various business sectors, whereby the partnership had acquired control of the operating business as a lead or organizing investor. The Company did not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company did not have the contractual option to redeem its limited partnership interest but received distributions based on the liquidation of the underlying assets. As of November 10, 2015, the Company no longer holds an interest in this limited partnership. In connection with the Company’s share redemption, Global Indemnity Reinsurance elected to redeem its shares. See Note 12 and 13 for further information regarding the redemption. (2) This limited partnership invests in real estate assets through a combination of direct or indirect investments in partnerships, limited liability companies, mortgage loans, and lines of credit. The Company does not have the contractual option to redeem its limited partnership interest but receives distributions based on the liquidation of the underlying assets. The Company does not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company continues to hold an investment in this limited partnership and has written the fair value down to zero. (3) This limited partnership invests in distressed securities and assets through senior and subordinated, secured and unsecured debt and equity, in both public and private large-cap and middle-market companies. The Company does not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company does not have the contractual option to redeem its limited partnership interest but receives distributions based on the liquidation of the underlying assets. Based on the terms of the partnership agreement, the Company anticipates its interest in this partnership to be redeemed in 2020.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2015
Changes in the Carrying Amount of Goodwill	The changes in the carrying amount of goodwill, by segment, for the years ended December 31, 2014 and 2015 are as follows: (Dollars in thousands) Commercial Lines Personal Lines Total Balance at January 1, 2014 $ 4,820 $ — $ 4,820 Acquisitions — — — Balance at December 31, 2014 4,820 — 4,820 Acquisition of American Reliable — 1,701 1,701 Balance at December 31, 2015 $ 4,820 $ 1,701 $ 6,521
Intangible assets	The following table presents details of the Company’s intangible assets as of December 31, 2015: (Dollars in thousands) Description Useful Life Cost Accumulated Net Trademarks Indefinite $ 4,800 $ — $ 4,800 Trade names Indefinite 4,200 — 4,200 State insurance licenses Indefinite 10,000 — 10,000 Customer relationships 15 years 5,300 2,017 3,283 Agent relationships 10 years 900 90 810 Trade names 7 years 600 86 514 Value of business added (“VOBA”) < 1 year 25,500 25,500 — $ 51,300 $ 27,693 $ 23,607 The following table presents details of the Company’s intangible assets as of December 31, 2014: (Dollars in thousands) Description Useful Life Cost Accumulated Net Trademarks Indefinite $ 4,800 $ — $ 4,800 Trade names Indefinite 4,200 — 4,200 State insurance licenses Indefinite 5,000 — 5,000 Customer relationships 15 years 5,300 1,664 3,636 Non-compete agreements 2 years 50 50 — $ 19,350 $ 1,714 $ 17,636

Reinsurance (Tables)

Reinsurance (Tables)	12 Months Ended
	Dec. 31, 2015
Components of Reinsurance Balances	The Company had the following reinsurance balances as of December 31, 2015 and 2014: (Dollars in thousands) December 31, December 31, Reinsurance receivables, net $ 115,594 $ 125,718 Collateral securing reinsurance receivables (6,445 ) (8,701 ) Reinsurance receivables, net of collateral $ 109,149 $ 117,017 Allowance for uncollectible reinsurance receivables $ 9,675 $ 9,350 Prepaid reinsurance premiums 44,363 4,725
Unsecured Reinsurance Receivable that Exceeded Three Percent of Shareholders' Equity	Unsecured reinsurance receivables include amounts receivable for paid and unpaid losses and loss adjustment expenses, less amounts secured by collateral. (Dollars in thousands) Reinsurance Receivables A.M. Best Ratings Munich Re America Corporation $ 53,381 A+
Effect of Reinsurance on Premiums Written and Earned	The effect of reinsurance on premiums written and earned is as follows: (Dollars in thousands) Written Earned For the year ended December 31, 2015: Direct business $ 458,185 $ 452,441 Reinsurance assumed 132,048 144,554 Reinsurance ceded (1) (88,989 ) (92,852 ) Net premiums $ 501,244 $ 504,143 For the year ended December 31, 2014: Direct business $ 229,978 $ 228,652 Reinsurance assumed 61,275 58,414 Reinsurance ceded (18,072 ) (18,547 ) Net premiums $ 273,181 $ 268,519 For the year ended December 31, 2013: Direct business $ 232,373 $ 215,713 Reinsurance assumed 58,350 52,494 Reinsurance ceded (18,739 ) (19,485 ) Net premiums $ 271,984 $ 248,722 (1) Includes ceded written premiums and ceded earned premiums of $55.8 million and $59.5 million, respectively, to American Bankers Insurance Company.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2015
Income before Income Taxes from its Non-U.S. Subsidiaries and U.S. Subsidiaries	The Company’s income before income taxes from its non-U.S. subsidiaries and U.S. subsidiaries, including the results of the quota share and stop-loss agreements between Global Indemnity Reinsurance and the Insurance Operations, for the years ended December 31, 2015, 2014, and 2013 were as follows: Year Ended December 31, 2015: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 345,392 $ 540,500 $ (295,659 ) $ 590,233 Net premiums written $ 345,342 $ 155,902 $ — $ 501,244 Net premiums earned $ 283,448 $ 220,695 $ — $ 504,143 Net investment income 44,534 18,011 (27,936 ) 34,609 Net realized investment losses (1,039 ) (2,335 ) — (3,374 ) Other income (loss) (93 ) 3,493 — 3,400 Total revenues 326,850 239,864 (27,936 ) 538,778 Losses and Expenses: Net losses and loss adjustment expenses 141,444 133,924 — 275,368 Acquisition costs and other underwriting expenses 122,999 78,304 — 201,303 Corporate and other operating expenses 5,928 18,520 — 24,448 Interest expense 4,492 28,357 (27,936 ) 4,913 Income (loss) before income taxes $ 51,987 $ (19,241 ) $ — $ 32,746 Year Ended December 31, 2014: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 173,563 $ 229,979 $ (112,289 ) $ 291,253 Net premiums written $ 172,504 $ 100,677 $ — $ 273,181 Net premiums earned $ 168,743 $ 99,776 $ — $ 268,519 Net investment income 31,420 16,715 (19,314 ) 28,821 Net realized investment gains 926 34,934 — 35,860 Other income (loss) (65 ) 620 — 555 Total revenues 201,024 152,045 (19,314 ) 333,755 Losses and Expenses: Net losses and loss adjustment expenses 62,669 74,892 — 137,561 Acquisition costs and other underwriting expenses 70,479 39,140 — 109,619 Corporate and other operating expenses 5,243 9,316 — 14,559 Interest expense 852 19,284 (19,314 ) 822 Income (loss) before income taxes $ 61,781 $ 9,413 $ — $ 71,194 Year Ended December 31, 2013: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 169,618 $ 232,374 $ (111,269 ) $ 290,723 Net premiums written $ 169,547 $ 102,437 $ — $ 271,984 Net premiums earned $ 154,987 $ 93,735 $ — $ 248,722 Net investment income 35,750 21,064 (19,605 ) 37,209 Net realized investment gains 175 27,237 — 27,412 Other income (loss) (4 ) 5,795 — 5,791 Total revenues 190,908 147,831 (19,605 ) 319,134 Losses and Expenses: Net losses and loss adjustment expenses 65,337 67,654 — 132,991 Acquisition costs and other underwriting expenses 64,822 40,829 — 105,651 Corporate and other operating expenses 4,745 6,869 — 11,614 Interest expense 1,165 24,609 (19,605 ) 6,169 Income (loss) before income taxes $ 54,839 $ 7,870 $ — $ 62,709
Components of Income Tax Expense (Benefit)	The following table summarizes the components of income tax expense (benefit): Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Current income tax expense (benefit): Non-resident withholding $ — $ 6,250 $ — Foreign 263 129 163 U.S. Federal (1,785 ) 2,787 859 Total current income tax expense (benefit) (1,522 ) 9,166 1,022 Deferred income tax benefit: U.S. Federal (7,201 ) (828 ) (3 ) Total deferred income tax benefit (7,201 ) (828 ) (3 ) Total income tax expense (benefit) $ (8,723 ) $ 8,338 $ 1,019
Differences in Tax and Estimated Tax Provisions at Weighted Average Tax Rate	The following table summarizes the differences between the tax provision for financial statement purposes and the expected tax provision at the weighted average tax rate: Years Ended December 31, 2015 2014 2013 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average $ (6,434 ) (19.6 %) $ 3,465 4.9 % $ 2,954 4.7 % Adjustments: Non-resident withholding — — 6,250 8.8 — — Tax exempt interest (441 ) (1.3 ) (472 ) (0.7 ) (1,009 ) (1.6 ) Dividend exclusion (784 ) (2.4 ) (1,340 ) (1.9 ) (1,135 ) (1.8 ) Other (1,064 ) (3.3 ) 435 0.6 209 0.3 Actual taxes on continuing operations $ (8,723 ) (26.6 %) $ 8,338 11.7 % $ 1,019 1.6 %
Tax Effects of Temporary Differences That Give Rise to Significant Portions of Net Deferred Tax Assets	The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at December 31, 2015 and 2014 are presented below: (Dollars in thousands) 2015 2014 Deferred tax assets: Discounted unpaid losses and loss adjustment expenses $ 8,222 $ 7,492 Unearned premiums 7,884 3,409 Section 163(j) carryforward 3,135 — Alternative minimum tax credit carryover 10,868 10,473 Net operating loss carryforward 1,934 — Partnership K1 basis differences 245 145 Capital gain on derivative instruments 5,340 4,786 Investment impairments 2,635 379 Stock options 2,635 2,048 Deferred acquisition costs — 187 Stat-to-GAAP reinsurance reserve 1,364 1,424 Intercompany transfers 1,612 1,919 Depreciation and amortization 36 — Other 4,545 3,050 Total deferred tax assets 50,455 35,312 Deferred tax liabilities: Purchase accounting adjustment for American Reliable 6,095 — Intangible assets 3,893 3,220 Unrealized gain on securities available-for-sale and investments in limited partnerships included in accumulated other comprehensive income 3,896 10,263 Investment basis differences 1,034 692 Deferred acquisition costs 642 — Depreciation and amortization — 16 Other 208 871 Total deferred tax liabilities 15,768 15,062 Total net deferred tax assets $ 34,687 $ 20,250

Liability for Unpaid Losses a45

Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)	12 Months Ended
	Dec. 31, 2015
Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses	Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Balance at beginning of period $ 675,472 $ 779,466 $ 879,114 Less: Ceded reinsurance receivables 123,201 192,491 240,566 Net balance at beginning of period 552,271 586,975 638,548 Purchased reserves, gross 89,489 — — Less: Purchased reserves ceded 12,800 — — Purchase reserves, net 76,689 — — Incurred losses and loss adjustment expenses related to: Current year 310,066 153,994 140,873 Prior years (34,698 ) (16,433 ) (7,882 ) Total incurred losses and loss adjustment expenses 275,368 137,561 132,991 Paid losses and loss adjustment expenses related to: Current year 164,058 55,485 50,732 Prior years 168,353 116,780 133,832 Total paid losses and loss adjustment expenses 332,411 172,265 184,564 Net balance at end of period 571,917 552,271 586,975 Plus: Ceded reinsurance receivables 108,130 123,201 192,491 Balance at end of period $ 680,047 $ 675,472 $ 779,466
Gross Reserves for Asbestos and Environmental Losses	The following table shows the Company’s gross reserves for A&E losses: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Gross reserve for A&E losses and loss adjustment expenses—beginning of period $ 56,535 $ 50,155 $ 44,767 Plus: Incurred losses and loss adjustment expenses—case reserves 2,666 4,333 2,154 Plus: Incurred losses and loss adjustment expenses—IBNR (2,663 ) 7,340 5,961 Less: Payments 2,714 5,293 2,727 Gross reserves for A&E losses and loss adjustment expenses—end of period $ 53,824 $ 56,535 $ 50,155
Net Reserves for Asbestos and Environmental Losses	The following table shows the Company’s net reserves for A&E losses: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Net reserve for A&E losses and loss adjustment expenses—beginning of period $ 31,185 $ 23,038 $ 20,134 Plus: Incurred losses and loss adjustment expenses—case reserves 395 2,754 1,351 Plus: Incurred losses and loss adjustment expenses—IBNR (394 ) 8,241 3,506 Less: Payments 657 2,848 1,953 Net reserves for A&E losses and loss adjustment expenses—end of period $ 30,529 $ 31,185 $ 23,038

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2015
Outstanding Debt	The Company’s outstanding debt consisted of the following at December 31, 2015 and 2014: December 31, (Dollars in thousands) 2015 2014 Margin Borrowing Facilities $ 75,646 $ 174,673 7.75% Subordinated Notes due 2045 96,388 — Total $ 172,034 $ 174,673
Amounts Recorded for the 7.75% Subordinated Notes	The following table represents the amounts recorded for the 7.75% subordinated notes as of December 31, 2015: December 31, 2015 Outstanding Unamortized Debt Net Carrying 7.75% Subordinated Notes due 2045 100,000 (3,612 ) 96,388

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2015
Information with Respect to Ordinary Shares that were Surrendered, Repurchased or Redeemed	The following table provides information with respect to ordinary shares that were surrendered, repurchased, or redeemed in 2015: Period (1) Total Number of Shares Purchased or Redeemed Average Price Paid Per Share Total Number of Plan or Program Approximate Dollar A ordinary shares: January 1 – 31, 2015 9,009 (2) $ 28.37 — — March 1 – 31, 2015 2,290 (2) $ 26.98 — — May 1 – 31, 2015 596 (2) $ 27.01 — — November 1 – 30, 2015 8,260,870 (3) $ 23.00 — — Total 8,272,765 $ 23.01 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. (3) Of these shares, 7,928,004 shares were converted from B ordinary shares to A ordinary shares. Of the 7,928,004 converted shares, 4,555,061 were redeemed and 3,372,943 went into a liquidating trust. The following table provides information with respect to the ordinary shares that were surrendered or repurchased in 2014: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Plan or Program Approximate Dollar A ordinary shares: January 1 – 31, 2014 3,644 (2) $ 25.30 — — February 1 – 28, 2014 362 (2) $ 24.00 — — March 1 – 31, 2014 1,438 (2) $ 26.23 — — Total 5,444 $ 25.46 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2015
Premium and Losses
Estimated Earned Premium and Incurred Losses, and Net Balances Due	The Company estimated that the following earned premium and incurred losses related to these agreements have been assumed by Global Indemnity Reinsurance from Hiscox Bermuda: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Assumed earned premium $ 2,266 $ 6,383 $ 3,053 Assumed losses and loss adjustment expenses 509 763 987
Receivables
Estimated Earned Premium and Incurred Losses, and Net Balances Due	Net balances due to Global Indemnity Reinsurance under this agreement are as follows: As of December 31. (Dollars in thousands) 2015 2014 Net receivable (payable) balance $ (110 ) $ 2,897

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2015
Future Minimum Cash Payments Under Non-cancelable Operating Leases	At December 31, 2015, future minimum cash payments under non-cancelable operating leases were as follows: (Dollars in thousands) 2016 $ 3,263 2017 3,180 2018 3,149 2019 2,122 2020 and thereafter 114 Total (1) $ 11,828 (1) Minimum payments have not been reduced by minimum sublease rentals of $24 due in the future under non-cancelable subleases.

Share-Based Compensation Plans

Share-Based Compensation Plans (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Award Activity for Stock Options Granted and Weighted Average Exercise Price Per Share	Award activity for stock options granted under the Plan and the weighted average exercise price per share are summarized as follows: Time-Based Options Performance- Based Options Total Weighted Average Exercise Price Per Share Options outstanding at January 1, 2013 464,743 — 464,743 $ 19.87 Options issued — — — — Options forfeited (5,000 ) — (5,000 ) $ 29.24 Options exercised (14,292 ) — (14,292 ) $ 20.00 Options expired (32,951 ) — (32,951 ) $ 34.00 Options purchased by the Company — — — — Options outstanding at December 31, 2013 412,500 — 412,500 $ 18.62 Options issued 325,000 — 325,000 $ 31.74 Options forfeited (125,000 ) — (125,000 ) $ 19.60 Options exercised — — — — Options expired — — — — Options purchased by the Company — — — — Options outstanding at December 31, 2014 612,500 — 612,500 $ 25.38 Options issued — 200,000 200,000 $ 28.37 Options forfeited — — — — Options exercised — — — — Options expired (12,500 ) — (12,500 ) $ 37.70 Options purchased by the Company — — — — Options outstanding at December 31, 2015 600,000 200,000 800,000 $ 25.94 Options exercisable at December 31, 2015 360,000 — 360,000 $ 20.29
Option Intrinsic values	Option intrinsic values, which are the differences between the fair value of $29.02 at December 31, 2015 and the strike price of the option, are as follows: Number of Shares Weighted Average Strike Price Intrinsic Outstanding 800,000 $ 25.94 $ 3.5 million Exercisable 360,000 $ 20.29 (1) $ 3.3 million Exercised (2) — N/A N/A (1) Includes the weighted average strike price on 60,000 of options which are excluded from the intrinsic value calculation of $3.3 million due to the strike price of the options exceeding the fair value of $29.02 at December 31, 2015. (2) The intrinsic value of the exercised options is the difference between the fair market value at time of exercise and the strike price of the option.
Options Exercisable	The options exercisable at December 31, 2015 include the following: Option Price Number of options $17.87 300,000 $32.38 60,000 Options exercisable at December 31, 2015 360,000
Significant Assumptions Used to Estimate Fair Value of Stock Options Granted Using Black Scholes Option Pricing Model	The weighted average fair value of options granted under the Plan was $8.69 and $7.92 in 2015 and 2014, respectively, using a Black-Scholes option-pricing model and the following weighted average assumptions. There were no options granted under the Plan in 2013. 2015 2014 Dividend yield 0.0 % 0.0 % Expected volatility 31.59 % 37.7 % Risk-free interest rate 1.7 % 1.7 % Expected option life 5.0 years 6.9 years
Summary of Range of Exercise Prices of Options Outstanding	The following tables summarize the range of exercise prices of options outstanding at December 31, 2015, 2014, and 2013: Ranges of Exercise Prices Outstanding at December 31, 2015 Weighted Average Per Weighted Average $17.87 – $19.99 300,000 $ 17.87 5.7 years $20.00 – $29.99 200,000 $ 28.37 9.0 years $30.00 – $37.70 300,000 (1) $ 32.38 8.1 years Total 800,000 (1)— Ranges of Exercise Prices Outstanding at December 31, 2014 Weighted Average Per Weighted Average $17.87 – $19.99 300,000 $ 17.87 6.7 years $20.00 – $29.99 — — N/A $30.00 – $37.70 312,500 (1) $ 32.59 8.8 years Total 612,500 (1)— Ranges of Exercise Prices Outstanding at December 31, 2013 Weighted Average Per Weighted Average $17.87 – $19.99 400,000 $ 18.03 7.8 years $30.00 – $37.70 12,500 $ 37.70 1.8 years Total 412,500
Summary of Restricted Stock Awards Since Inception	The following table summarizes the restricted stock grants since the 2003 inception of the previous share incentive plan. Restricted Stock Awards Year Employees Directors Total Inception through 2012 629,481 354,859 984,340 2013 81,587 50,421 132,008 2014 95,694 36,608 132,302 2015 138,507 36,321 174,828 945,269 478,209 1,423,478
Summary of Non-Vested Restricted Shares Activity	The following table summarizes the non-vested restricted shares activity for the years ended December 31, 2015, 2014, and 2013: Number of Shares Weighted Average Price Per Share Non-vested Restricted Shares at January 1, 2013 34,504 $ 17.87 Shares issued 132,008 $ 22.78 Shares vested (67,937 ) $ 22.17 Shares forfeited (454 ) $ 22.13 Non-vested Restricted Shares at December 31, 2013 98,121 $ 21.48 Shares issued 132,302 $ 25.67 Shares vested (57,017 ) $ 24.29 Shares forfeited (1,131 ) $ 22.13 Non-vested Restricted Shares at December 31, 2014 172,275 $ 23.76 Shares issued 174,828 $ 28.24 Shares vested (70,503 ) $ 25.31 Shares forfeited (16,695 ) $ 24.11 Non-vested Restricted Shares at December 31, 2015 259,905 $ 26.33

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2015
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share. Years Ended December 31, (Dollars in thousands, except share and per share data) 2015 2014 2013 Net income $ 41,469 $ 62,856 $ 61,690 Basic earnings per share: Weighted average shares outstanding—basic 24,253,657 25,131,811 25,072,712 Net income per share $ 1.71 $ 2.50 $ 2.46 Diluted earnings per share: Weighted average shares outstanding—diluted 24,505,851 25,331,420 25,174,015 Net income per share $ 1.69 $ 2.48 $ 2.45
Reconciliation of Weighted Average Shares for Basic and Diluted Earnings Per Share	A reconciliation of weighted average shares for basic earnings per share to weighted average shares for diluted earnings per share is as follows: Years Ended December 31, 2015 2014 2013 Weighted average shares for basic earnings per share 24,253,657 25,131,811 25,072,712 Non-vested restricted stock 148,669 100,546 53,876 Options 103,525 99,063 47,427 Weighted average shares for diluted earnings per share 24,505,851 25,331,420 25,174,015
Summarizes Options which Deemed to be Anti-dilutive	The following table summarizes options which are deemed to be anti-dilutive at December 31, 2015: Grant Date Expiration Date Outstanding Strike February 9, 2014 February 10, 2024 300,000 $ 32.38 January 1, 2015 January 1, 2025 200,000 $ 28.37 500,000

Statutory Financial Informati52

Statutory Financial Information (Tables)	12 Months Ended
	Dec. 31, 2015
United National Insurance Companies
Information for United States Insurance Companies & Global Indemnity Reinsurance, Net of Intercompany Eliminations, as Determined in Accordance With SAP and Bermuda	The following is selected information for the Company’s U.S. insurance companies, net of intercompany eliminations, where applicable, as determined in accordance with SAP: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Statutory capital and surplus, as of end of period (1) $ 318,101 $ 253,362 $ 251,464 Statutory net income (loss) 48,633 36,003 31,781 (1) Includes extraordinary dividend declared in 2013 for an aggregate of $200 million.
Global Indemnity Reinsurance
Information for United States Insurance Companies & Global Indemnity Reinsurance, Net of Intercompany Eliminations, as Determined in Accordance With SAP and Bermuda	The following is selected information for Global Indemnity Reinsurance, net of intercompany eliminations, where applicable, as determined in accordance with the Bermuda Insurance Act 1978: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Statutory capital and surplus, as of end of period $ 713,842 $ 923,862 $ 913,401 Statutory net income (loss) 864 44,593 31,697

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Business Segment Information	The following are tabulations of business segment information for the years ended December 31, 2015, 2014, and 2013. Corporate information is included to reconcile segment data to the consolidated financial statements. 2015: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 214,218 $ 326,282 $ 49,733 $ 590,233 Net premiums written $ 197,526 $ 254,035 $ 49,683 $ 501,244 Net premiums earned $ 199,304 $ 253,048 $ 51,791 $ 504,143 Other income (loss) 621 2,872 (93 ) 3,400 Total revenues 199,925 255,920 51,698 507,543 Losses and Expenses: Net losses and loss adjustment expenses 97,530 163,986 13,852 275,368 Acquisition costs and other underwriting expenses 83,170 (3) 99,140 (4) 18,993 201,303 Income (loss) from segments $ 19,225 $ (7,206 ) $ 18,853 $ 30,872 Unallocated Items: Net investment income 34,609 Net realized investment losses (3,374 ) Corporate and other operating expenses (24,448 ) Interest expense (4,913 ) Income before income taxes 32,746 Income tax benefit 8,723 Net income 41,469 Total assets $ 729,097 $ 510,503 $ 717,694 (5) $ 1,957,294 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Includes federal excise tax of $1,051 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $1,265 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries 2014: (Dollars in thousands) Commercial Reinsurance Operations (2) Total Revenues: Gross premiums written $ 229,978 $ 61,275 $ 291,253 Net premiums written $ 212,965 $ 60,216 $ 273,181 Net premiums earned $ 211,165 $ 57,354 $ 268,519 Other income (loss) 620 (65 ) 555 Total revenue 211,785 57,289 269,074 Losses and Expenses: Net losses and loss adjustment expenses 117,586 19,975 137,561 Acquisition costs and other underwriting expenses 88,983 (3) 20,636 109,619 Income from segments $ 5,216 $ 16,678 $ 21,894 Unallocated items: Net investment income 28,821 Net realized investment gains 35,860 Corporate and other operating expenses (14,559 ) Interest expense (822 ) Income before income taxes 71,194 Income tax expense (8,338 ) Net income $ 62,856 Total assets $ 1,288,763 $ 641,270 (4) $ 1,930,033 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Includes excise tax of $1,114 related to cessions from Commercial Lines to Reinsurance Operations. (4) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. 2013: (Dollars in thousands) Commercial Reinsurance Operations (2) Total Revenues: Gross premiums written $ 232,373 $ 58,350 $ 290,723 Net premiums written $ 213,705 $ 58,279 $ 271,984 Net premiums earned $ 196,302 $ 52,420 $ 248,722 Other income (loss) 5,795 (4 ) 5,791 Total revenue 202,097 52,416 254,513 Losses and Expenses: Net losses and loss adjustment expenses 116,837 16,154 132,991 Acquisition costs and other underwriting expenses 87,360 (3) 18,291 105,651 Income (loss) from segments $ (2,100 ) $ 17,971 $ 15,871 Unallocated items: Net investment income 37,209 Net realized investment gains 27,412 Corporate and other operating expenses (11,614 ) Interest expense (6,169 ) Income before income taxes 62,709 Income tax expense (1,019 ) Net income $ 61,690 Total assets $ 1,264,306 $ 647,473 (4) $ 1,911,779 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Includes excise tax of $1,026 related to cessions from Commercial Lines to Reinsurance Operations. (4) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries.

Supplemental Cash Flow Inform54

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Dec. 31, 2015
Net Federal Income Taxes and Cash Interest Paid	The Company paid the following net federal income taxes and interest for 2015, 2014, and 2013: Years Ended December 31, (Dollars in thousands) 2015 2014 2013 Federal income taxes paid $ 104 $ 13,997 $ 162 Federal income taxes recovered 2 136 7,613 Interest paid 3,926 804 7,678
American Reliable Insurance Company
Liabilities Assumed on Acquisition	On January 1, 2015, Global Indemnity Group, Inc. acquired 100% of the voting equity interest of American Reliable. In conjunction with the acquisition, fair value of assets acquired and liabilities assumed by the Company were as follows: (Dollars in thousands) Fair value of assets acquired (including goodwill) $ 383,668 Liabilities assumed 283,871

Summary of Quarterly Financia55

Summary of Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2015
Summary of Quarterly Performance	An unaudited summary of the Company’s 2015 and 2014 quarterly performance is as follows: Year Ended December 31, 2015 (Dollars in thousands, except per share data) First Quarter Second Quarter Third Quarter Fourth Quarter Net premiums earned $ 127,337 $ 128,877 $ 124,707 $ 123,222 Net investment income 8,241 9,141 8,852 8,375 Net realized investment gains (losses) (2,970 ) 6,532 (10,778 ) 3,842 Net losses and loss adjustment expenses 69,619 79,560 77,691 48,498 Acquisition costs and other underwriting expenses 48,258 50,926 50,934 51,185 Income before income taxes 3,238 9,772 (9,727 ) 29,463 Net income 6,794 11,117 (3,746 ) 27,304 Per share data—Diluted: Net income $ 0.26 $ 0.43 $ (0.15 ) $ 1.30 Year Ended December 31, 2014 (Dollars in thousands, except per share data) First Quarter Second Quarter Third Quarter Fourth Quarter Net premiums earned $ 67,544 $ 66,017 $ 68,028 $ 66,930 Net investment income 8,284 7,677 6,527 6,333 Net realized investment gains (losses) (813 ) 39,881 1,158 (4,366 ) Net losses and loss adjustment expenses 38,572 38,270 36,654 24,065 Acquisition costs and other underwriting expenses 26,485 27,171 27,458 28,505 Income before income taxes 6,974 44,798 8,128 11,294 Net income 8,823 33,208 9,761 11,064 Per share data—Diluted: Net income $ 0.35 $ 1.31 $ 0.39 $ 0.44

Principles of Consolidation a56

Principles of Consolidation and Basis of Presentation - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)SegmentProduct	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Organization And Basis Of Presentation [Line Items]
Date of incorporation	Mar. 9, 2010
State of incorporation	Ireland
Kind of listing	A ordinary shares
Number of business segments | Segment	3
Amortization and depreciation	$ 5,284	$ 3,466	$ 3,807
Commercial Lines
Organization And Basis Of Presentation [Line Items]
Number of product classifications | Product	3
Restatement Adjustment
Organization And Basis Of Presentation [Line Items]
Amortization and depreciation			$ 3,000

Summary of Significant Accoun57

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Significant Accounting Policies [Line Items]
Restricted cash		$ 113,696,000
Limited liability partnerships, percentage of ownership interest	3.00%
Investments in other invested assets	$ 32,592,000	33,663,000
Significant variable interest in fair value of the non-consolidated VIE	32,600,000	30,300,000
Variable interest entities, maximum exposure to loss	52,600,000	50,300,000
Cash and cash equivalents	67,037,000	58,823,000	$ 105,492,000	$ 104,460,000
Allowance for bad debts	1,600,000	1,500,000
Impairment of goodwill	0	0
Impairments of indefinite lived intangible assets	0	0
Impairment of definite lived intangible assets	0	0
Amortization of deferred acquisition costs	86,200,000	57,100,000	53,800,000
Premium deficiency charges	200,000	400,000	1,700,000
Premium deficiency reserve	0	0
Net foreign currency transaction gains (losses)	400,000	500,000	300,000
Proceeds from sale of capital stock			26,600,000
Pretax gain on sale of capital stock			5,166,000
American Reliable Insurance Company
Significant Accounting Policies [Line Items]
Restricted cash		113,700,000
Allowance for Reinsurance Recoverable
Significant Accounting Policies [Line Items]
Allowance for uncollectible reinsurance receivables	9,675,000	$ 9,350,000	$ 9,010,000	$ 9,010,000
Money Market Funds
Significant Accounting Policies [Line Items]
Cash and cash equivalents	$ 61,800,000

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - USD ($) $ in Thousands	Jan. 01, 2015	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2015
Business Acquisition [Line Items]
Revenue										$ 538,778	$ 333,755	$ 319,134
Pre-tax (loss)		$ 29,463	$ (9,727)	$ 9,772	$ 3,238	$ 11,294	$ 8,128	$ 44,798	$ 6,974	32,746	71,194	62,709
Goodwill		6,521				$ 4,820				6,521	4,820	4,820	$ 6,521
Intangible assets	$ 32,000
Amortization of definite lived intangible assets										500	400	400
Business combination, employee related compensation cost paid, which were included in the fair value of net assets acquired										1,600
American Reliable Insurance Company
Business Acquisition [Line Items]
Revenue										259,000
Pre-tax (loss)										(4,200)
Goodwill		1,701	2,116							1,701			1,701
Intangible assets		$ 32,000	$ 32,000							$ 32,000			$ 32,000
Intangible assets arising from acquisition deductible for income tax, period										15 years
Amortization of definite lived intangible assets										$ 25,700
American Bankers Insurance Company
Business Acquisition [Line Items]
Interest rate on dispute resolution agreement		5.00%								5.00%			5.00%
Global Indemnity Group Inc | American Reliable Insurance Company
Business Acquisition [Line Items]
Aggregate purchase price	$ 113,700
Business acquisition date										Jan. 1, 2015
Acquired voting equity interest	100.00%
Customary insurance liabilities, obligations, and mandates	$ 283,900
Estimated purchase price	$ 99,800
Global Indemnity Group Inc | American Reliable Insurance Company | Fox Paine and Company
Business Acquisition [Line Items]
Investment bank fee as a percentage of the amount paid plus required capital to operate American Reliable on a standalone basis	3.00%
Investment advisory fee	$ 1,500
Aggregate investment advisory fee	$ 6,500
Ordinary shares of Global Indemnity issued to pay fees	267,702
Global Indemnity Group Inc | Business Acquisition Cost
Business Acquisition [Line Items]
Business combination, additional costs										$ 1,800	$ 3,300	$ 0	$ 5,100

Schedule of Unaudited Pro Forma

Schedule of Unaudited Pro Forma Consolidated Results of Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Total Revenue	$ 538,778	$ 597,583
Net Income (Loss)	$ 46,864	$ 63,053
Net Income (Loss) per share (diluted)	$ 1.91	$ 2.46

Estimated Fair Value of Assets

Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2015	Jan. 01, 2015	Dec. 31, 2014	Dec. 31, 2013
ASSETS:
Intangible assets				$ 32,000
LIABILITIES:
Goodwill	$ 6,521		$ 6,521		$ 4,820	$ 4,820
American Reliable Insurance Company
ASSETS:
Investments	226,458	$ 226,458	226,458
Cash and cash equivalents	21,360	21,360	21,360
Premiums receivables, net	26,102	25,941	26,102
Accounts receivable	11,311	11,311	11,311
Reinsurance receivables	13,842	13,842	13,842
Prepaid reinsurance premiums	43,506	43,506	43,506
Intangible assets	32,000	32,000	32,000
Deferred federal income taxes	915	1,139	915
Other assets	6,473	6,550	6,473
Total assets	381,967	382,107	381,967
LIABILITIES:
Unearned premiums	172,234	172,234	172,234
Unpaid losses and loss adjustment expenses	89,489	89,489	89,489
Reinsurance balances payable	13,219	13,219	13,219
Contingent commissions	3,903	3,876	3,903
Other liabilities	5,026	5,608	5,026
Total liabilities	283,871	284,426	283,871
Estimated fair value of net assets acquired	98,096	97,681	98,096
Purchase price		99,797	99,797
Goodwill	1,701	$ 2,116	$ 1,701
Change
Investments, Fair Value Adjustment	0
Cash and cash equivalents, Fair Value Adjustment	0
Premiums receivables, net, Fair Value Adjustment	161
Accounts receivable, Fair Value Adjustment	0
Reinsurance receivables, net, Fair Value Adjustment	0
Prepaid reinsurance premiums, Fair Value Adjustment	0
Intangible assets, Fair Value Adjustment	0
Deferred federal income taxes, Fair Value Adjustment	(224)
Other assets, Fair Value Adjustment	(77)
Total assets, Fair Value Adjustment	(140)
Unearned premiums, Fair Value Adjustment	0
Unpaid losses and loss adjustment expenses, Fair Value Adjustment	0
Reinsurance balances payable, Fair Value Adjustment	0
Contingent commissions, Fair Value Adjustment	27
Other liabilities, Fair Value Adjustment	(582)
Total Liabilities, Fair Value Adjustment	(555)
Estimated fair value of net assets acquired, Fair Value Adjustment	415
Purchase price, Fair Value Adjustment	0
Goodwill, Fair Value Adjustment	$ (415)

Valuation of Intangible Assets

Valuation of Intangible Assets (Detail) - USD ($) $ in Thousands	Jan. 01, 2015	Dec. 31, 2015
Acquired Intangible Assets [Line Items]
Amount	$ 32,000
State insurance licenses
Acquired Intangible Assets [Line Items]
Useful Life	Indefinite	Indefinite
Amount	$ 5,000
Value of business acquired
Acquired Intangible Assets [Line Items]
Amount	$ 25,500
Value of business acquired | Maximum
Acquired Intangible Assets [Line Items]
Useful Life	1 year
Agent Relationships
Acquired Intangible Assets [Line Items]
Useful Life	10 years
Amount	$ 900
Trade names
Acquired Intangible Assets [Line Items]
Useful Life	7 years
Amount	$ 600

Intangible Assets Arising from

Intangible Assets Arising from Acquisitions (Detail) - USD ($) $ in Thousands	Jan. 01, 2015	Dec. 31, 2015	Dec. 31, 2014
Acquired Intangible Assets Amortization [Line Items]
Cost and Net Value		$ 19,000	$ 14,000
Accumulated Amortization		27,693	1,714
Net Value		23,607	17,636
Value of Business Acquired
Acquired Intangible Assets Amortization [Line Items]
Cost		25,500
Accumulated Amortization		$ 25,500
Agent Relationships
Acquired Intangible Assets Amortization [Line Items]
Useful Life		10 years
Cost		$ 900
Accumulated Amortization		$ 90
Trade names
Acquired Intangible Assets Amortization [Line Items]
Useful Life		7 years
Cost		$ 600
Accumulated Amortization		$ 86
Maximum | Value of Business Acquired
Acquired Intangible Assets Amortization [Line Items]
Useful Life		1 year
State insurance licenses
Acquired Intangible Assets Amortization [Line Items]
Useful Life	Indefinite	Indefinite
Cost and Net Value		$ 10,000	$ 5,000
American Reliable Insurance Company
Acquired Intangible Assets Amortization [Line Items]
Cost		32,000
Accumulated Amortization		25,676
Net Value		6,324
American Reliable Insurance Company | Value of Business Acquired
Acquired Intangible Assets Amortization [Line Items]
Cost		25,500
Accumulated Amortization		25,500
Net Value		$ 0
American Reliable Insurance Company | Agent Relationships
Acquired Intangible Assets Amortization [Line Items]
Useful Life		10 years
Cost		$ 900
Accumulated Amortization		90
Net Value		$ 810
American Reliable Insurance Company | Trade names
Acquired Intangible Assets Amortization [Line Items]
Useful Life		7 years
Cost		$ 600
Accumulated Amortization		86
Net Value		$ 514
American Reliable Insurance Company | Maximum | Value of Business Acquired
Acquired Intangible Assets Amortization [Line Items]
Useful Life		1 year
American Reliable Insurance Company | State insurance licenses
Acquired Intangible Assets Amortization [Line Items]
Useful Life		Indefinite
Cost and Net Value		$ 5,000

Expected Amortization Expense R

Expected Amortization Expense Related to American Reliable (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
2,016	$ 529
2,017	529
2,018	529
2,019	529
2,020	529
American Reliable Insurance Company
Finite-Lived Intangible Assets [Line Items]
2,016	176
2,017	176
2,018	176
2,019	176
2,020	$ 176

Fair Value, Gross Contractual A

Fair Value, Gross Contractual Amounts Due, and Contractual Cash Flows Not Expected to be Collected of Acquired Receivables (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Premium Receivables
Business Acquisition [Line Items]
Acquired receivables, Fair Value	$ 26,102
Acquired receivables, Gross Contractual Amounts Due	26,896
Acquired receivables, Contractual cash flows not expected to be collected	794
Accounts Receivable
Business Acquisition [Line Items]
Acquired receivables, Fair Value	11,311
Acquired receivables, Gross Contractual Amounts Due	11,311
Reinsurance Receivables
Business Acquisition [Line Items]
Acquired receivables, Fair Value	13,842
Acquired receivables, Gross Contractual Amounts Due	$ 13,842

Schedule of Amortized Cost and

Schedule of Amortized Cost and Estimated Fair Value of Investments (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		$ 1,441,082	$ 1,405,419
Gross Unrealized Gains		23,261	40,666
Gross Unrealized Losses		(15,287)	(6,899)
Estimated Fair Value		1,449,056	1,439,186
Other than temporary impairments recognized in AOCI	[1]	(9)	(17)
Common Shares
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		100,157	99,297
Gross Unrealized Gains		16,118	25,689
Gross Unrealized Losses		(5,960)	(2,938)
Estimated Fair Value		110,315	122,048
Other Invested Assets
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		32,592	33,174
Gross Unrealized Gains			489
Estimated Fair Value		32,592	33,663
Fixed Maturities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		1,308,333	1,272,948
Gross Unrealized Gains		7,143	14,488
Gross Unrealized Losses		(9,327)	(3,961)
Estimated Fair Value		1,306,149	1,283,475
Other than temporary impairments recognized in AOCI	[1]	(9)	(17)
Fixed Maturities | U.S. Treasury and Agency Obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		106,303	78,569
Gross Unrealized Gains		1,140	2,281
Gross Unrealized Losses		(321)	(83)
Estimated Fair Value		107,122	80,767
Fixed Maturities | Obligations of States and Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		203,121	188,452
Gross Unrealized Gains		2,576	3,718
Gross Unrealized Losses		(457)	(697)
Estimated Fair Value		205,240	191,473
Fixed Maturities | Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		157,753	205,814
Gross Unrealized Gains		2,113	3,709
Gross Unrealized Losses		(743)	(764)
Estimated Fair Value		159,123	208,759
Other than temporary impairments recognized in AOCI	[1]		(4)
Fixed Maturities | Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		261,008	177,853
Gross Unrealized Gains		435	713
Gross Unrealized Losses		(1,421)	(303)
Estimated Fair Value		260,022	178,263
Other than temporary impairments recognized in AOCI	[1]	(9)	(13)
Fixed Maturities | Commercial Mortgage-Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		142,742	133,984
Gross Unrealized Gains			21
Gross Unrealized Losses		(2,352)	(847)
Estimated Fair Value		140,390	133,158
Fixed Maturities | Corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		334,720	380,704
Gross Unrealized Gains		685	3,421
Gross Unrealized Losses		(3,294)	(709)
Estimated Fair Value		332,111	383,416
Fixed Maturities | Foreign Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost		102,686	107,572
Gross Unrealized Gains		194	625
Gross Unrealized Losses		(739)	(558)
Estimated Fair Value		$ 102,141	$ 107,639
[1]	Represents the total amount of other than temporary impairment losses relating to factors other than credit losses recognized in accumulated other comprehensive income ("AOCI").

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses less than 12 months		$ 14,772	$ 5,160
Gross unrealized losses		15,287	6,899
Gross unrealized losses for 12 months or greater	[1]	515	$ 1,739
Investments in insurance enhanced asset backed and credit securities		39,300
Investments in insurance enhanced municipal bonds		18,555
Ratings without insurance		507
Investments in asset backed and taxable municipal bonds		$ 20,700
Asset backed and taxable municipal bonds as a percentage of total cash and invested assets		1.40%
Municipal Bond Insurance Association
Schedule of Available-for-sale Securities [Line Items]
Investments in asset backed and taxable municipal bonds		$ 5,000
Ambac Financial Group
Schedule of Available-for-sale Securities [Line Items]
Investments in asset backed and taxable municipal bonds		1,300
Assured Guaranty Corporation
Schedule of Available-for-sale Securities [Line Items]
Investments in asset backed and taxable municipal bonds		14,200
Financial Guaranty Insurance Group
Schedule of Available-for-sale Securities [Line Items]
Investments in asset backed and taxable municipal bonds		200
Financial Guarantors
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds		$ 10,573
Maximum
Schedule of Available-for-sale Securities [Line Items]
Investments in a single issuer as a percentage of shareholders' equity		5.00%	4.00%
Pre-Refunded Securities
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds		$ 8,451
Pre-Refunded Securities | Financial Guarantors
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds		469
A+ Rating
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds		$ 18,600
Insurance enhanced municipal bonds as a percentage of total cash and invested assets		1.20%
Insurance enhanced municipal bonds		$ 10,100
Commercial Mortgage-Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses		$ 2,352
Weighted average credit enhancement		35.60%
Commercial Mortgage-Backed Securities | AA Rating
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses for 12 months or greater		$ 347
U.S. Treasury and Agency Obligations | AA+ Rating
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses less than 12 months		321
Obligations of States and Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses		457
Obligations of States and Political Subdivisions | A Rating
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses for 12 months or greater		84
Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses less than 12 months		743
Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses		$ 1,421
Weighted average credit enhancement		23.40%
Asset-backed Securities | AAA Rating
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses for 12 months or greater		$ 17
Corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses		3,294
Corporate bonds | BBB Rating
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses for 12 months or greater		25
Foreign Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses		739
Foreign Corporate Bonds | A Rating
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses for 12 months or greater		42
Common Shares
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses less than 12 months		5,960	$ 2,808
Gross unrealized losses		$ 5,960	2,938
Gross unrealized losses for 12 months or greater	[1]		$ 130
[1]	Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired.

Summary of Amortized Cost and E

Summary of Amortized Cost and Estimated Fair Value Through Fixed Maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Due in one year or less, Amortized Cost	$ 107,010
Due in one year through five years, Amortized Cost	595,977
Due in five years through ten years, Amortized Cost	38,048
Due in ten years through fifteen years, Amortized Cost	1,738
Due after fifteen years, Amortized Cost	4,057
Fixed maturities, amortized cost	1,308,333	$ 1,272,948
Due in one year or less, Estimated Fair value	107,582
Due in one year through five years, Estimated Fair value	594,859
Due in five years through ten years, Estimated Fair value	38,016
Due in ten years through fifteen years, Estimated Fair value	2,137
Due after fifteen years, Estimated Fair value	4,020
Fixed Maturities, estimated fair value	1,306,149	$ 1,283,475
Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	157,753
Estimated Fair value	159,123
Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	261,008
Estimated Fair value	260,022
Commercial Mortgage-Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	142,742
Estimated Fair value	$ 140,390

Summary of Securities with Gros

Summary of Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		$ 827,179	$ 453,042
Less than 12 months, Gross Unrealized Losses		(14,772)	(5,160)
12 months or longer, Fair Value	[1]	41,401	115,363
12 months or longer, Gross Unrealized Losses	[1]	(515)	(1,739)
Total, Fair Value		868,580	568,405
Total, Gross Unrealized Losses		(15,287)	(6,899)
Obligations of States and Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Total, Gross Unrealized Losses		(457)
Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Gross Unrealized Losses		(743)
Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Total, Gross Unrealized Losses		(1,421)
Commercial Mortgage-Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Total, Gross Unrealized Losses		(2,352)
Corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Total, Gross Unrealized Losses		(3,294)
Foreign Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Total, Gross Unrealized Losses		(739)
Common Shares
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		36,798	20,002
Less than 12 months, Gross Unrealized Losses		(5,960)	(2,808)
12 months or longer, Fair Value	[1]		1,577
12 months or longer, Gross Unrealized Losses	[1]		(130)
Total, Fair Value		36,798	21,579
Total, Gross Unrealized Losses		(5,960)	(2,938)
Fixed Maturities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		790,381	433,040
Less than 12 months, Gross Unrealized Losses		(8,812)	(2,352)
12 months or longer, Fair Value	[1]	41,401	113,786
12 months or longer, Gross Unrealized Losses	[1]	(515)	(1,609)
Total, Fair Value		831,782	546,826
Total, Gross Unrealized Losses		(9,327)	(3,961)
Fixed Maturities | U.S. Treasury and Agency Obligations
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		79,496	11,728
Less than 12 months, Gross Unrealized Losses		(321)	(9)
12 months or longer, Fair Value	[1]		3,343
12 months or longer, Gross Unrealized Losses	[1]		(74)
Total, Fair Value		79,496	15,071
Total, Gross Unrealized Losses		(321)	(83)
Fixed Maturities | Obligations of States and Political Subdivisions
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		49,708	28,684
Less than 12 months, Gross Unrealized Losses		(373)	(314)
12 months or longer, Fair Value	[1]	7,732	28,061
12 months or longer, Gross Unrealized Losses	[1]	(84)	(383)
Total, Fair Value		57,440	56,745
Total, Gross Unrealized Losses		(457)	(697)
Fixed Maturities | Mortgage Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		63,759	2,818
Less than 12 months, Gross Unrealized Losses		(743)	(7)
12 months or longer, Fair Value	[1]		51,203
12 months or longer, Gross Unrealized Losses	[1]		(757)
Total, Fair Value		63,759	54,021
Total, Gross Unrealized Losses		(743)	(764)
Fixed Maturities | Asset-backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		203,381	92,123
Less than 12 months, Gross Unrealized Losses		(1,404)	(283)
12 months or longer, Fair Value	[1]	4,843	1,683
12 months or longer, Gross Unrealized Losses	[1]	(17)	(20)
Total, Fair Value		208,224	93,806
Total, Gross Unrealized Losses		(1,421)	(303)
Fixed Maturities | Commercial Mortgage-Backed Securities
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		118,813	92,664
Less than 12 months, Gross Unrealized Losses		(2,005)	(525)
12 months or longer, Fair Value	[1]	21,577	26,280
12 months or longer, Gross Unrealized Losses	[1]	(347)	(322)
Total, Fair Value		140,390	118,944
Total, Gross Unrealized Losses		(2,352)	(847)
Fixed Maturities | Corporate bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		211,364	144,505
Less than 12 months, Gross Unrealized Losses		(3,269)	(656)
12 months or longer, Fair Value	[1]	2,120	3,216
12 months or longer, Gross Unrealized Losses	[1]	(25)	(53)
Total, Fair Value		213,484	147,721
Total, Gross Unrealized Losses		(3,294)	(709)
Fixed Maturities | Foreign Corporate Bonds
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, Fair Value		63,860	60,518
Less than 12 months, Gross Unrealized Losses		(697)	(558)
12 months or longer, Fair Value	[1]	5,129
12 months or longer, Gross Unrealized Losses	[1]	(42)
Total, Fair Value		68,989	60,518
Total, Gross Unrealized Losses		$ (739)	$ (558)
[1]	Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired.

Schedule of Other Than Temporar

Schedule of Other Than Temporary Impairments on Investments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
OTTI losses, gross	$ (24)	$ (31)	$ (280)
Portion of loss recognized in other comprehensive income (pre-tax)	0	0	0
Net impairment losses on fixed maturities recognized in earnings	(24)	(31)	(280)
Equity securities	(7,311)	(470)	(959)
Total	$ (7,335)	$ (501)	$ (1,239)

Schedule of Credit Losses Recog

Schedule of Credit Losses Recognized in Earnings (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Balance at beginning of period	$ 50	$ 54	$ 86
Additions where no OTTI was previously recorded	0	0	0
Additions where an OTTI was previously recorded	0	0	0
Reductions for securities for which the company intends to sell or more likely than not will be required to sell before recovery	0	0	0
Reductions reflecting increases in expected cash flows to be collected	0	0	0
Reductions for securities sold during the period	(19)	(4)	(32)
Balance at end of period	$ 31	$ 50	$ 54

Schedule of Accumulated Other C

Schedule of Accumulated Other Comprehensive Income, Net of Tax (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Deferred taxes	$ (3,896)	$ (10,263)
Accumulated other comprehensive income, net of tax	4,078	23,384	$ 54,028
Fixed Maturities
Schedule of Available-for-sale Securities [Line Items]
Net unrealized gains (losses)	(2,184)	10,527
Common Shares
Schedule of Available-for-sale Securities [Line Items]
Net unrealized gains (losses)	$ 10,158	22,751
Other
Schedule of Available-for-sale Securities [Line Items]
Net unrealized gains (losses)		$ 369

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 23,384	$ 54,028
Other comprehensive income (loss) before reclassification	(17,321)	6,533
Amounts reclassified from accumulated other comprehensive income (loss)	(1,985)	(37,177)
Other comprehensive income (loss), net of tax	(19,306)	(30,644)	$ 678
Ending balance	4,078	23,384	54,028
Unrealized Gains and Losses on Available for Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	23,647	53,950
Other comprehensive income (loss) before reclassification	(17,065)	6,820
Amounts reclassified from accumulated other comprehensive income (loss)	(2,382)	(37,123)
Other comprehensive income (loss), net of tax	(19,447)	(30,303)
Ending balance	4,200	23,647	53,950
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(263)	78
Other comprehensive income (loss) before reclassification	(256)	(287)
Amounts reclassified from accumulated other comprehensive income (loss)	397	(54)
Other comprehensive income (loss), net of tax	141	(341)
Ending balance	$ (122)	$ (263)	$ 78

Reclassifications Out of Accumu

Reclassifications Out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other net realized investment gains									$ (3,961)	$ (36,361)	$ (28,651)
Other than temporary impairment losses on investments									7,335	501	1,239
Total before tax	$ (29,463)	$ 9,727	$ (9,772)	$ (3,238)	$ (11,294)	$ (8,128)	$ (44,798)	$ (6,974)	(32,746)	(71,194)	(62,709)
Income tax expense (benefit)									(8,723)	8,338	1,019
Net income (loss)	$ (27,304)	$ 3,746	$ (11,117)	$ (6,794)	$ (11,064)	$ (9,761)	$ (33,208)	$ (8,823)	(41,469)	(62,856)	$ (61,690)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income (loss)									(1,985)	(37,177)
Reclassification out of Accumulated Other Comprehensive Income | Unrealized Gains and Losses on Available for Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other net realized investment gains									(11,559)	(57,114)
Other than temporary impairment losses on investments									7,335	501
Total before tax									(4,224)	(56,613)
Income tax expense (benefit)									1,842	19,490
Net income (loss)									(2,382)	(37,123)
Reclassification out of Accumulated Other Comprehensive Income | Foreign Currency Items
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other net realized investment gains									610	(83)
Income tax expense (benefit)									(213)	29
Net income (loss)									$ 397	$ (54)

Components of Net Realized Inve

Components of Net Realized Investment Gains (Losses) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Total net realized investment gains (losses)	$ 3,842	$ (10,778)	$ 6,532	$ (2,970)	$ (4,366)	$ 1,158	$ 39,881	$ (813)	$ (3,374)	$ 35,860	$ 27,412
Not Designated as Hedging Instrument | Interest Rate Swap
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains											1,668
Gross realized losses									(6,988)	(20,836)	(241)
Total net realized investment gains (losses)									(6,988)	(20,836)	1,427
Fixed Maturities
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains									3,565	2,843	1,857
Gross realized losses									(2,180)	(703)	(691)
Total net realized investment gains (losses)									1,385	2,140	1,166
Common Shares
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains									10,379	55,907	27,302
Gross realized losses									(8,246)	(1,351)	(2,483)
Total net realized investment gains (losses)									2,133	54,556	24,819
Preferred Stock
Schedule of Available-for-sale Securities [Line Items]
Gross realized gains									96	0	0
Gross realized losses										0	0
Total net realized investment gains (losses)									$ 96	$ 0	$ 0

Schedule of Proceeds From Sales

Schedule of Proceeds From Sales of Available for Sale Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Fixed maturities	$ 647,404	$ 415,739	$ 292,200
Equity securities	39,723	$ 191,765	$ 101,379
Preferred stock	$ 1,540

Schedule of Investment Income (

Schedule of Investment Income (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Investment income									$ 37,918	$ 32,420	$ 41,388
Investment expense									(3,309)	(3,599)	(4,179)
Net investment income	$ 8,375	$ 8,852	$ 9,141	$ 8,241	$ 6,333	$ 6,527	$ 7,677	$ 8,284	34,609	28,821	37,209
Fixed Maturities
Schedule of Available-for-sale Securities [Line Items]
Investment income									32,091	26,788	35,669
Equity Securities
Schedule of Available-for-sale Securities [Line Items]
Investment income									3,125	5,484	5,452
Cash and Cash Equivalents
Schedule of Available-for-sale Securities [Line Items]
Investment income									82	61	126
Other Invested Assets
Schedule of Available-for-sale Securities [Line Items]
Investment income									$ 2,620	$ 87	$ 141

Schedule of Total Investment Re

Schedule of Total Investment Return (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Net Investment Income [Line Items]
Net investment income	$ 8,375	$ 8,852	$ 9,141	$ 8,241	$ 6,333	$ 6,527	$ 7,677	$ 8,284	$ 34,609	$ 28,821	$ 37,209
Net realized investment gains(losses)	$ 3,842	$ (10,778)	$ 6,532	$ (2,970)	$ (4,366)	$ 1,158	$ 39,881	$ (813)	(3,374)	35,860	27,412
Change in unrealized holding gains and losses									(25,673)	(45,861)	7,301
Net realized and unrealized investment returns									(29,047)	(10,001)	34,713
Total investment return									$ 5,562	$ 18,820	$ 71,922
Total investment return %									0.30%	1.20%	4.60%
Average investment portfolio									$ 1,752,785	$ 1,533,104	$ 1,549,747

Municipal Bonds with and withou

Municipal Bonds with and without Insurance (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Financial Statement Details [Line Items]
Ratings with insurance	$ 507
Ratings without insurance	507
AA Rating
Financial Statement Details [Line Items]
Ratings with insurance	507
BB Rating
Financial Statement Details [Line Items]
Ratings without insurance	$ 507

Summary of Insurance Enhanced M

Summary of Insurance Enhanced Municipal Bonds Backed by Financial Guarantors (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	$ 18,555
Ambac Financial Group
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	1,541
Assured Guaranty Corporation
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	3,616
Municipal Bond Insurance Association
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	4,865
Gov't National Housing Association
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	551
Financial Guarantors
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	10,573
Other Credit Enhanced Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	7,982
Pre-Refunded Securities
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	8,451
Pre-Refunded Securities | Ambac Financial Group
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	469
Pre-Refunded Securities | Financial Guarantors
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	469
Pre-Refunded Securities | Other Credit Enhanced Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	7,982
Government Guaranteed Securities
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	551
Government Guaranteed Securities | Gov't National Housing Association
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	551
Government Guaranteed Securities | Financial Guarantors
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	551
Exposure Net Of Pre-refunded & Government Guaranteed Securities
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	9,553
Exposure Net Of Pre-refunded & Government Guaranteed Securities | Ambac Financial Group
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	1,072
Exposure Net Of Pre-refunded & Government Guaranteed Securities | Assured Guaranty Corporation
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	3,616
Exposure Net Of Pre-refunded & Government Guaranteed Securities | Municipal Bond Insurance Association
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	4,865
Exposure Net Of Pre-refunded & Government Guaranteed Securities | Financial Guarantors
Schedule of Available-for-sale Securities [Line Items]
Investments in insurance enhanced municipal bonds	$ 9,553

Summary of Estimated Fair Value

Summary of Estimated Fair Values of Bonds Held on Deposit (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value		$ 849,820	$ 856,068
On Deposit With Governmental Authorities
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value		38,815	32,790
Intercompany Trusts Held For Benefit Of U.S. Policyholders
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value		643,216	495,301
Held In Trust Pursuant To Third Party Requirements
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value		66,544	95,828
Letter Of Credit Held For Third Party Requirements
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value		5,598	9,340
Securities held as collateral for borrowing arrangements
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value	[1]	$ 95,647	$ 222,809
[1]	Amount required to collateralize margin borrowing facilities.

Summarized Information of Locat

Summarized Information of Location and Gross Amount of Derivatives' Fair Value in Consolidated Balance Sheets (Detail) - Not Designated as Hedging Instrument - Interest Rate Swap - Other Liabilities - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Notional Amount	$ 200,000	$ 200,000
Fair Value	$ (15,256)	$ (13,675)

Summary of Net Losses Included

Summary of Net Losses Included in Consolidated Statement of Operations for Changes in Fair Value of Derivatives and Periodic net Interest Settlements Under Derivatives (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Interest Rate Swap | Net Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) for changes in fair value and net settlements of derivatives	$ (6,988)	$ (20,836)	$ 1,427

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - Other Assets - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Funds needed to post execute swap transaction	$ 4.5	$ 5.4
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Margin calls made in connection with interest rate swaps	$ 17.3	$ 15.3

Company's Invested Assets and D

Company's Invested Assets and Derivative Instruments Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2015		Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	$ 1,449,056		$ 1,439,186
Common Shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	110,315		122,048
Fixed Maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,306,149		1,283,475
Fixed Maturities | U.S. Treasury and Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	107,122		80,767
Fixed Maturities | Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	205,240		191,473
Fixed Maturities | Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	159,123		208,759
Fixed Maturities | Commercial Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	140,390		133,158
Fixed Maturities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	260,022		178,263
Fixed Maturities | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	332,111		383,416
Fixed Maturities | Foreign Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	102,141		107,639
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,416,464	[1]	1,405,523
Total invested liabilities	15,256		13,675
Fair Value, Measurements, Recurring | Derivative instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested liabilities	15,256		13,675
Fair Value, Measurements, Recurring | Common Shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	110,315		122,048
Fair Value, Measurements, Recurring | Fixed Maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,306,149		1,283,475
Fair Value, Measurements, Recurring | Fixed Maturities | U.S. Treasury and Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	107,122		80,767
Fair Value, Measurements, Recurring | Fixed Maturities | Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	205,240		191,473
Fair Value, Measurements, Recurring | Fixed Maturities | Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	159,123		208,759
Fair Value, Measurements, Recurring | Fixed Maturities | Commercial Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	140,390		133,158
Fair Value, Measurements, Recurring | Fixed Maturities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	260,022		178,263
Fair Value, Measurements, Recurring | Fixed Maturities | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	332,111		383,416
Fair Value, Measurements, Recurring | Fixed Maturities | Foreign Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	102,141		107,639
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	211,579	[1]	196,813
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Common Shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	110,315		122,048
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Fixed Maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	101,264		74,765
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Fixed Maturities | U.S. Treasury and Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	101,264		74,765
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,204,885	[1]	1,208,710
Total invested liabilities	15,256		13,675
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Derivative instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested liabilities	15,256		13,675
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,204,885		1,208,710
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities | U.S. Treasury and Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	5,858		6,002
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities | Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	205,240		191,473
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities | Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	159,123		208,759
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities | Commercial Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	140,390		133,158
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	260,022		178,263
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	332,111		383,416
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Fixed Maturities | Foreign Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	$ 102,141		$ 107,639
[1]	Excluded from the table above are limited partnerships of $32.6 million at December 31, 2015 whose fair value is based on net asset value as a practical expedient. Based on new accounting guidance adopted this quarter, these investments are excluded from the hierarchy table.

Company's Invested Assets and85

Company's Invested Assets and Derivative Instruments Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investment in limited partnership	$ 32,592	$ 33,663

Current Fair Value of Debt (Det

Current Fair Value of Debt (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		$ 172,034	$ 174,673
Debt, fair value		167,394	174,673
Margin borrowing facilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		75,646	174,673
Debt, fair value		75,646	$ 174,673
7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	[1]	96,388
Debt, fair value	[1]	$ 91,748
[1]	As of December 31, 2015, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.6 million.

Current Fair Value of Debt (Par

Current Fair Value of Debt (Parenthetical) (Detail) - 7.75% Subordinated Notes due 2045 $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes percentage	7.75%
Subordinated Notes due date	2,045
Unamortized Debt Issuance Costs	$ 3,612

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity in the earnings of a partnership	$ 2,533	$ 0	$ 0
7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes percentage	7.75%
Subordinated Notes due date	2,045
Fair Value, Inputs, Level 1 | 7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes percentage	7.75%
Subordinated Notes due date	2,045

Fair Value and Future Funding C

Fair Value and Future Funding Commitments Related to These Investments (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 32,592	$ 33,663
Future Funding Commitments		20,014	22,500
Equity Fund, LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[1]		3,401
Future Funding Commitments	[1]		2,436
European Non-Performing Loan Fund, LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[2]	32,592	30,262
Future Funding Commitments	[2]	$ 20,014	$ 20,064
[1]	Prior to November 9, 2015, this limited partnership invested in companies, from various business sectors, whereby the partnership had acquired control of the operating business as a lead or organizing investor. The Company did not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company did not have the contractual option to redeem its limited partnership interest but received distributions based on the liquidation of the underlying assets. As of November 10, 2015, the Company no longer holds an interest in this limited partnership. In connection with the Company's share redemption, Global Indemnity Reinsurance elected to redeem its shares. See Note 12 and 13 for further information regarding the redemption.
[2]	This limited partnership invests in distressed securities and assets through senior and subordinated, secured and unsecured debt and equity, in both public and private large-cap and middle-market companies. The Company does not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company does not have the contractual option to redeem its limited partnership interest but receives distributions based on the liquidation of the underlying assets. Based on the terms of the partnership agreement, the Company anticipates its interest in this partnership to be redeemed in 2020.

Fair Value and Future Funding90

Fair Value and Future Funding Commitments Related to These Investments (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value written down	$ 0

Goodwill and Intangible Asset91

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Intangible Assets And Goodwill [Line Items]
Goodwill	$ 6,521,000	$ 4,820,000	$ 4,820,000
Impairment of goodwill	0	0
Cost basis of intangible assets	51,300,000	19,350,000
Amortization of definite lived intangible assets	500,000	400,000	$ 400,000
Amortization of the value of business acquired	25,500,000
Indefinite lived intangible assets	19,000,000	14,000,000
Impairment of indefinite lived intangible assets	0	0
Definite lived intangible assets	4,600,000	3,600,000
Impairment of definite lived intangible assets	0	$ 0
VOBA	$ 25,500,000

Summary of Changes In Carrying

Summary of Changes In Carrying Amount of Goodwill By Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Acquired Intangible Assets [Line Items]
Beginning balance	$ 4,820	$ 4,820
Acquisitions	1,701	0
Ending balance	6,521	4,820
Commercial Lines
Acquired Intangible Assets [Line Items]
Beginning balance	4,820	4,820
Acquisitions	0	0
Ending balance	4,820	4,820
Personal Lines
Acquired Intangible Assets [Line Items]
Beginning balance	0
Acquisitions	1,701
Ending balance	$ 1,701	$ 0

Intangible Assets (Detail)

Intangible Assets (Detail) - USD ($) $ in Thousands	Jan. 01, 2015	Dec. 31, 2015	Dec. 31, 2014
Acquired Intangible Assets [Line Items]
Cost		$ 51,300	$ 19,350
Cost and Net Value		19,000	14,000
Accumulated Amortization		27,693	1,714
Net Value		4,600	3,600
Net Value		$ 23,607	17,636
Trademarks
Acquired Intangible Assets [Line Items]
Useful Life		Indefinite
Cost and Net Value		$ 4,800	4,800
Trade names
Acquired Intangible Assets [Line Items]
Useful Life		Indefinite
Cost and Net Value		$ 4,200	4,200
State insurance licenses
Acquired Intangible Assets [Line Items]
Useful Life	Indefinite	Indefinite
Cost and Net Value		$ 10,000	$ 5,000
Customer relationships
Acquired Intangible Assets [Line Items]
Useful Life		15 years	15 years
Cost		$ 5,300	$ 5,300
Accumulated Amortization		2,017	1,664
Net Value		$ 3,283	$ 3,636
Agent Relationships
Acquired Intangible Assets [Line Items]
Useful Life		10 years
Cost		$ 900
Accumulated Amortization		90
Net Value		$ 810
Trade names
Acquired Intangible Assets [Line Items]
Useful Life		7 years
Cost		$ 600
Accumulated Amortization		86
Net Value		514
Non-compete agreements
Acquired Intangible Assets [Line Items]
Useful Life			2 years
Cost			$ 50
Accumulated Amortization			$ 50
Value of Business Acquired
Acquired Intangible Assets [Line Items]
Cost		25,500
Accumulated Amortization		$ 25,500
Value of Business Acquired | Maximum
Acquired Intangible Assets [Line Items]
Useful Life		1 year

Expected Amortization Expense (

Expected Amortization Expense (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
2,016	$ 529
2,017	529
2,018	529
2,019	529
2,020	$ 529

Reinsurance Balances (Detail)

Reinsurance Balances (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Effects of Reinsurance [Line Items]
Reinsurance receivables, net	$ 115,594	$ 125,718
Collateral securing reinsurance receivables	(6,445)	(8,701)
Reinsurance receivables, net of collateral	109,149	117,017
Prepaid reinsurance premiums	44,363	4,725
Allowance for Reinsurance Recoverable
Effects of Reinsurance [Line Items]
Allowance for uncollectible reinsurance receivables	$ 9,675	$ 9,350	$ 9,010	$ 9,010

Reinsurance - Additional Inform

Reinsurance - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Effects of Reinsurance [Line Items]
Purchase accounting adjustments	$ 3	$ 4
Minimum
Effects of Reinsurance [Line Items]
Unsecured reinsurance receivable percentage of shareholders' equity	3.00%

Unsecured Reinsurance Receivabl

Unsecured Reinsurance Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Financing Receivable, Recorded Investment [Line Items]
Reinsurance Receivables	$ 115,594	$ 125,718
Munich Re America Corporation | A.M, Best A+ Rating
Financing Receivable, Recorded Investment [Line Items]
Reinsurance Receivables	$ 53,381

Effect of Reinsurance on Premiu

Effect of Reinsurance on Premiums Written and Earned (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Direct business									$ 458,185		$ 229,978	$ 232,373
Reinsurance assumed									132,048		61,275	58,350
Reinsurance ceded									(88,989)	[1]	(18,072)	(18,739)
Net premiums									501,244		273,181	271,984
Direct business									452,441		228,652	215,713
Reinsurance assumed									144,554		58,414	52,494
Reinsurance ceded									(92,852)	[1]	(18,547)	(19,485)
Net premiums	$ 123,222	$ 124,707	$ 128,877	$ 127,337	$ 66,930	$ 68,028	$ 66,017	$ 67,544	$ 504,143		$ 268,519	$ 248,722
[1]	Includes ceded written premiums and ceded earned premiums of $55.8 million and $59.5 million, respectively, to American Bankers Insurance Company.

Effect of Reinsurance on Prem99

Effect of Reinsurance on Premiums Written and Earned (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Ceded written premiums	$ 88,989	[1]	$ 18,072	$ 18,739
Ceded earned premiums	92,852	[1]	$ 18,547	$ 19,485
American Bankers Insurance Company
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Ceded written premiums	55,800
Ceded earned premiums	$ 59,500
[1]	Includes ceded written premiums and ceded earned premiums of $55.8 million and $59.5 million, respectively, to American Bankers Insurance Company.

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax [Line Items]
Effective income tax benefit rate	(26.60%)	11.70%	1.60%
Deferred tax assets, valuation allowance	$ 0	$ 0
Alternative minimum tax credit carry forward	10,868,000	10,473,000
Net operating loss carryforwards	1,934,000	0
Section 163(j) carryforward	3,135,000	0
Unrecognized tax benefits	0	0
Interest and penalties for uncertain tax positions	0	0	$ 0
Liabilities for tax-related interest and penalties	$ 0
Global Indemnity Group Inc
Income Tax [Line Items]
Withholding tax paid in connection with the dividend payment		6,300,000
Dividends paid		$ 125,000,000
Withholding Tax		5.00%
UNITED STATES
Income Tax [Line Items]
Statutory income tax rates	0.35%
BERMUDA
Income Tax [Line Items]
Statutory income tax rates	0.00%
CAYMAN ISLANDS
Income Tax [Line Items]
Statutory income tax rates	0.00%
GIBRALTAR
Income Tax [Line Items]
Statutory income tax rates	0.00%
LUXEMBOURG
Income Tax [Line Items]
Statutory income tax rates	29.22%
IRELAND | Non Trading Income
Income Tax [Line Items]
Statutory income tax rates	25.00%
IRELAND | Capital Gain
Income Tax [Line Items]
Statutory income tax rates	33.00%
IRELAND | Trading Income
Income Tax [Line Items]
Statutory income tax rates	12.50%

Income Before Income Taxes from

Income Before Income Taxes from its Non-U.S. Subsidiaries and U.S. Subsidiaries (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Gross premiums written									$ 590,233	$ 291,253	$ 290,723
Net premiums written									501,244	273,181	271,984
Net premiums earned	$ 123,222	$ 124,707	$ 128,877	$ 127,337	$ 66,930	$ 68,028	$ 66,017	$ 67,544	504,143	268,519	248,722
Net investment income	8,375	8,852	9,141	8,241	6,333	6,527	7,677	8,284	34,609	28,821	37,209
Net realized investment gains	3,842	(10,778)	6,532	(2,970)	(4,366)	1,158	39,881	(813)	(3,374)	35,860	27,412
Other income (loss)									3,400	555	5,791
Total revenues									538,778	333,755	319,134
Losses and Expenses:
Net losses and loss adjustment expenses	48,498	77,691	79,560	69,619	24,065	36,654	38,270	38,572	275,368	137,561	132,991
Acquisition costs and other underwriting expenses	51,185	50,934	50,926	48,258	28,505	27,458	27,171	26,485	201,303	109,619	105,651
Corporate and other operating expenses									24,448	14,559	11,614
Interest expense									4,913	822	6,169
Income (loss) before income taxes	$ 29,463	$ (9,727)	$ 9,772	$ 3,238	$ 11,294	$ 8,128	$ 44,798	$ 6,974	32,746	71,194	62,709
Non-U.S. Subsidiaries
Revenues:
Gross premiums written									345,392	173,563	169,618
Net premiums written									345,342	172,504	169,547
Net premiums earned									283,448	168,743	154,987
Net investment income									44,534	31,420	35,750
Net realized investment gains									(1,039)	926	175
Other income (loss)									(93)	(65)	(4)
Total revenues									326,850	201,024	190,908
Losses and Expenses:
Net losses and loss adjustment expenses									141,444	62,669	65,337
Acquisition costs and other underwriting expenses									122,999	70,479	64,822
Corporate and other operating expenses									5,928	5,243	4,745
Interest expense									4,492	852	1,165
Income (loss) before income taxes									51,987	61,781	54,839
U.S. Subsidiaries
Revenues:
Gross premiums written									540,500	229,979	232,374
Net premiums written									155,902	100,677	102,437
Net premiums earned									220,695	99,776	93,735
Net investment income									18,011	16,715	21,064
Net realized investment gains									(2,335)	34,934	27,237
Other income (loss)									3,493	620	5,795
Total revenues									239,864	152,045	147,831
Losses and Expenses:
Net losses and loss adjustment expenses									133,924	74,892	67,654
Acquisition costs and other underwriting expenses									78,304	39,140	40,829
Corporate and other operating expenses									18,520	9,316	6,869
Interest expense									28,357	19,284	24,609
Income (loss) before income taxes									(19,241)	9,413	7,870
Eliminations
Revenues:
Gross premiums written									(295,659)	(112,289)	(111,269)
Net investment income									(27,936)	(19,314)	(19,605)
Total revenues									(27,936)	(19,314)	(19,605)
Losses and Expenses:
Interest expense									$ (27,936)	$ (19,314)	$ (19,605)

Components of Income Tax Expens

Components of Income Tax Expense (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current income tax expense (benefit):
Non-resident withholding		$ 6,250
Foreign	$ 263	129	$ 163
U.S. Federal	(1,785)	2,787	859
Total current income tax expense (benefit)	(1,522)	9,166	1,022
Deferred income tax benefit:
U.S. Federal	(7,201)	(828)	(3)
Total deferred income tax benefit	(7,201)	(828)	(3)
Actual taxes on continuing operations	$ (8,723)	$ 8,338	$ 1,019

Differences in Tax Provision fo

Differences in Tax Provision for Financial Statement Purposes and Expected Tax Provision at Weighted Average Tax Rate (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax [Line Items]
Expected tax provision at weighted average, Amount	$ (6,434)	$ 3,465	$ 2,954
Adjustments:
Non-resident withholding		6,250
Tax exempt interest	(441)	(472)	(1,009)
Dividend exclusion	(784)	(1,340)	(1,135)
Other	(1,064)	435	209
Actual taxes on continuing operations	$ (8,723)	$ 8,338	$ 1,019
Expected tax provision at weighted average, % of Pre-Tax Income	(19.60%)	4.90%	4.70%
Adjustments:
Non-resident withholding		8.80%
Tax exempt interest, % of Pre-Tax Income	(1.30%)	(0.70%)	(1.60%)
Dividend exclusion, % of Pre-Tax Income	(2.40%)	(1.90%)	(1.80%)
Other, % of Pre-Tax Income	(3.30%)	0.60%	0.30%
Actual taxes on continuing operations, % of Pre-Tax Income	(26.60%)	11.70%	1.60%

Tax Effects of Temporary Differ

Tax Effects of Temporary Differences That Give Rise to Significant Portions of Net Deferred Tax Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Discounted unpaid losses and loss adjustment expenses	$ 8,222	$ 7,492
Unearned premiums	7,884	3,409
Section 163(j) carryforward	3,135	0
Alternative minimum tax credit carryover	10,868	10,473
Net operating loss carryforward	1,934	0
Partnership K1 basis differences	245	145
Capital gain on derivative instruments	5,340	4,786
Investment impairments	2,635	379
Stock options	2,635	2,048
Deferred acquisition costs		187
Stat-to-GAAP reinsurance reserve	1,364	1,424
Intercompany transfers	1,612	1,919
Depreciation and amortization	36
Other	4,545	3,050
Total deferred tax assets	50,455	35,312
Deferred tax liabilities:
Purchase accounting adjustment for American Reliable	6,095
Intangible assets	3,893	3,220
Unrealized gain on securities available-for-sale and investments in limited partnerships included in accumulated other comprehensive income	3,896	10,263
Investment basis differences	1,034	692
Deferred acquisition costs	642
Depreciation and amortization		16
Other	208	871
Total deferred tax liabilities	15,768	15,062
Total net deferred tax assets	$ 34,687	$ 20,250

Summarized Activity in Liabilit

Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Liability for Claims and Claims Adjustment Expense [Line Items]
Balance at beginning of period	$ 675,472	$ 779,466	$ 879,114
Less:Ceded reinsurance receivables	123,201	192,491	240,566
Net balance at beginning of period	552,271	586,975	638,548
Purchased reserves, gross	89,489
Less: Purchased reserves ceded	12,800
Purchase reserves, net	76,689
Incurred losses and loss adjustment expenses related to:
Current year	310,066	153,994	140,873
Prior years	(34,698)	(16,433)	(7,882)
Total incurred losses and loss adjustment expenses	275,368	137,561	132,991
Paid losses and loss adjustment expenses related to:
Current year	164,058	55,485	50,732
Prior years	168,353	116,780	133,832
Total paid losses and loss adjustment expenses	332,411	172,265	184,564
Net balance at end of period	571,917	552,271	586,975
Plus:Ceded reinsurance receivables	108,130	123,201	192,491
Balance at end of period	$ 680,047	$ 675,472	$ 779,466

Liability for Unpaid Losses 106

Liability for Unpaid Losses and Loss Adjustment Expenses - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2009Claim	Dec. 31, 2012USD ($)
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	$ (34,698)	$ (16,433)	$ (7,882)
Unpaid losses and loss adjustment expense reserves	571,917	552,271	586,975		$ 638,548
Unpaid losses and loss adjustment expenses reserves	$ 30,529	$ 31,185	$ 23,038		$ 20,134
Survival ratio on a gross basis for open A&E claims, periods	15 years	10 years 9 months 18 days	11 years 3 months 18 days
Survival ratio on net basis for open A&E claims, periods	16 years 9 months 18 days	8 years 4 months 24 days	6 years 8 months 12 days
Asbestos
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Number of asbestos related bodily injury claims and future claims | Claim				3,900
IBNR Reserves
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unpaid losses and loss adjustment expenses reserves	$ 26,000	$ 26,400	$ 18,200
Case Reserves
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unpaid losses and loss adjustment expenses reserves	4,500	4,800	4,800
Construction Defect
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Unpaid losses and loss adjustment expense reserves	62,200	69,800
Commercial Lines Segment
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(25,600)	(12,500)	(7,600)
Commercial Lines Segment | Property Lines | Accident Years 2007, 2012 and 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		2,100
Commercial Lines Segment | Property Lines | Accident Years 2010, 2011, and 2012
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(9,200)
Commercial Lines Segment | General Liability
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(20,400)
Commercial Lines Segment | General Liability | Accident Years 2001, 2007 through 2010, and 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(3,100)
Commercial Lines Segment | General Liability | Accident Years between 2003 through 2011, Accident Years 1998 through 2002 and Accident Year 2012
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(6,700)
Commercial Lines Segment | Asbestos and Environmental | Accident Years Prior to 1990
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		7,100	6,800
Commercial Lines Segment | Professional
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			700
Commercial Lines Segment | Professional | Accident Years 2007 through 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(19,400)
Commercial Lines Segment | Professional | Accident Years 2006 to 2008 and 2010
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			2,200
Commercial Lines Segment | Professional | Accident Years 1998 and 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(1,500)
Commercial Lines Segment | Professional | Accident years 2006 through 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(6,200)
Commercial Lines Segment | Umbrella Lines | Accident Years 2002 through 2007
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(2,700)
Commercial Lines Segment | Umbrella Lines | Accident Years 2002 to 2010 and Accident Years 2011 And 2012
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(1,100)
Commercial Lines Segment | Commercial Auto Segment | Accident years 2011 through 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		3,600
Commercial Lines Segment | Commercial Auto Segment | Accident Year 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			900
Commercial Lines Segment | Marine | Accident Years 2011 and 2012
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			900
Commercial Lines Segment | Construction Defect | General Liability | Accident years 2008 through 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(5,900)
Commercial Lines Segment | Other General Liability | General Liability | Accident years 2004 through 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(14,500)
Reinsurance Operations
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(9,100)	$ (3,900)	$ (300)
Reinsurance Operations | Property Lines | Accident years 2011 through 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(6,800)
Reinsurance Operations | Marine | Accident years 2010 and 2011
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	(2,800)
Reinsurance Operations | Workers Compensation | Accident years 2010
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve	$ 1,000

Gross Reserves for Asbestos and

Gross Reserves for Asbestos and Environmental Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statutory Reserve [Line Items]
Gross reserve for A&E losses and loss adjustment expenses-beginning of period	$ 56,535	$ 50,155	$ 44,767
Less: Payments	2,714	5,293	2,727
Gross reserves for A&E losses and loss adjustment expenses-end of period	53,824	56,535	50,155
Case Reserves
Statutory Reserve [Line Items]
Plus: Incurred losses and loss adjustment expenses	2,666	4,333	2,154
IBNR Reserves
Statutory Reserve [Line Items]
Plus: Incurred losses and loss adjustment expenses	$ (2,663)	$ 7,340	$ 5,961

Net Reserves for Asbestos and E

Net Reserves for Asbestos and Environmental Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statutory Reserve [Line Items]
Net reserve for A&E losses and loss adjustment expenses-beginning of period	$ 31,185	$ 23,038	$ 20,134
Less: Payments	657	2,848	1,953
Net reserves for A&E losses and loss adjustment expenses-end of period	30,529	31,185	23,038
Case Reserves
Statutory Reserve [Line Items]
Net reserve for A&E losses and loss adjustment expenses-beginning of period	4,800	4,800
Plus: Incurred losses and loss adjustment expenses	395	2,754	1,351
Net reserves for A&E losses and loss adjustment expenses-end of period	4,500	4,800	4,800
IBNR Reserves
Statutory Reserve [Line Items]
Net reserve for A&E losses and loss adjustment expenses-beginning of period	26,400	18,200
Plus: Incurred losses and loss adjustment expenses	(394)	8,241	3,506
Net reserves for A&E losses and loss adjustment expenses-end of period	$ 26,000	$ 26,400	$ 18,200

Outstanding Debt Consisted (Det

Outstanding Debt Consisted (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Debt		$ 172,034	$ 174,673
Margin borrowing facilities
Debt Instrument [Line Items]
Debt		75,646	$ 174,673
7.75% Subordinated Notes due 2045
Debt Instrument [Line Items]
Debt	[1]	$ 96,388
[1]	As of December 31, 2015, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.6 million.

Outstanding Debt Consisted (Par

Outstanding Debt Consisted (Parenthetical) (Detail) - 7.75% Subordinated Notes due 2045	12 Months Ended
	Dec. 31, 2015
Debt Instrument [Line Items]
Subordinated Notes percentage	7.75%
Subordinated Notes due date	2,045

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands		Aug. 12, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Debt			$ 172,034	$ 174,673
Interest expense			4,913	822	$ 6,169
Margin borrowing facilities
Debt Instrument [Line Items]
Debt			$ 75,646	$ 174,673
Stated interest rate			1.30%	1.00%
Collateral deposited to support borrowing			$ 95,600
Interest expense			1,900	$ 700	$ 300
7.75% Subordinated Notes due 2045
Debt Instrument [Line Items]
Debt	[1]		$ 96,388
Stated interest rate			7.75%
Interest expense			$ 3,000
Debt instrument, face amount		$ 100,000
Debt instrument, interest rate terms			Payable quarterly in arrears on February 15, May 15, August 15, and November 15 of each year
Debt instrument, maturity date			Aug. 15, 2045
Debt instrument, redemption description			The Company has the right to redeem the notes in $25 increments, in whole or in part, on and after August 15, 2020, or on any interest payment date thereafter, at a redemption price equal to 100% of the principal amount of the notes being redeemed plus accrued and unpaid interest to, but not including, the date of redemption.
Debt instrument, redemption price, percentage of principal amount redeemed			100.00%
Notes maturity period		30 years
Deferred issuance costs			$ 3,700
[1]	As of December 31, 2015, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.6 million.

Amounts Recorded for Margin Bor

Amounts Recorded for Margin Borrowing Facilities and 7.75% Subordinated Notes (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Net Carrying Amount		$ 172,034	$ 174,673
7.75% Subordinated Notes due 2045
Debt Instrument [Line Items]
Outstanding Principal		100,000
Unamortized Debt Issuance Costs		(3,612)
Net Carrying Amount	[1]	$ 96,388
[1]	As of December 31, 2015, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.6 million.

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($)	Oct. 29, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Redemption Agreement | Fox Paine and Company
Shareholders Equity [Line Items]
Ordinary shares agreed to redeem, shares	8,260,870
Ordinary shares agreed to redeem	$ 190,000,000
Additional Redemption Agreement | Fox Paine and Company
Shareholders Equity [Line Items]
Ordinary shares agreed to redeem, shares	3,397,031
Ordinary shares agreed to redeem	$ 78,100,000
Redemption agreement expiration date	Dec. 31, 2019
Ordinary shares agreed to redeem, percentage of annual increase	3.00%
Ordinary Shares A
Shareholders Equity [Line Items]
B ordinary shares converted to A ordinary shares		7,928,004
Ordinary Shares A | Treasury Shares
Shareholders Equity [Line Items]
Stock repurchase program, number of shares purchased		11,895	5,444	2,370
Stock repurchase program, value of shares purchased		$ 333,000	$ 139,000	$ 55,000
Ordinary Shares B
Shareholders Equity [Line Items]
Ordinary shares agreed to redeem, shares			0
B ordinary shares converted to A ordinary shares		7,928,004
Global Indemnity Group Inc
Shareholders Equity [Line Items]
Distributable reserves		$ 931,500,000

Information with Respect to Ord

Information with Respect to Ordinary Shares that were Surrendered, Repurchased or Redeemed (Detail) - Ordinary Shares A - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed		8,272,765	5,444
Average Price Paid Per Share		$ 23.01	$ 25.46
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program		0	0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs		$ 0	$ 0
January 1-31, 2014
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed	[1],[2]		3,644
Average Price Paid Per Share	[1]		$ 25.30
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program			0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs			$ 0
February 1-28, 2014
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed	[1],[2]		362
Average Price Paid Per Share	[1]		$ 24
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program			0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs			$ 0
March 1-31, 2014
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed	[1],[2]		1,438
Average Price Paid Per Share	[1]		$ 26.23
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program			0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs			$ 0
January 1-31, 2015
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed	[1],[2]	9,009
Average Price Paid Per Share	[1]	$ 28.37
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program		0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs		$ 0
March 1-31, 2015
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed	[1],[2]	2,290
Average Price Paid Per Share	[1]	$ 26.98
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program		0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs		$ 0
May 1-31, 2015
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed	[1],[2]	596
Average Price Paid Per Share	[1]	$ 27.01
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program		0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs		$ 0
November 1-30, 2015
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased or Redeemed	[1],[3]	8,260,870
Average Price Paid Per Share	[1]	$ 23
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program		0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs		$ 0
[1]	Based on settlement date.
[2]	Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.
[3]	Of these shares, 7,928,004 shares were converted from B ordinary shares to A ordinary shares. Of the 7,928,004 converted shares, 4,555,061 were redeemed and 3,372,943 went into a liquidating trust.

Information with Respect to 115

Information with Respect to Ordinary Shares that were Surrendered, Repurchased or Redeemed (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2015shares
Equity, Class of Treasury Stock [Line Items]
Redeemed number of shares	4,555,061
Number of shares went in to liquidating trust	3,372,943
Ordinary Shares B
Equity, Class of Treasury Stock [Line Items]
B ordinary shares converted to A ordinary shares	7,928,004

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)	Jan. 01, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Ordinary shares redeemed, shares		4,555,061
Distribution received from the limited partnership		$ 5,959,000
Fox Paine and Company
Related Party Transaction [Line Items]
Company's total outstanding voting power		84.00%
Minimum voting power required to nominate Directors		25.00%
Management fees		$ 1,900,000	$ 1,900,000	$ 1,900,000
Unpaid management fees		2,600,000	600,000
Reimbursement expense related to redemption of ordinary shares		$ 1,200,000
Fox Paine and Company | Global Indemnity Group Inc | American Reliable Insurance Company
Related Party Transaction [Line Items]
Investment bank fee as a percentage of the amount paid plus required capital to operate American Reliable on a standalone basis	3.00%
Investment advisory fee	$ 1,500,000
Aggregate investment advisory fee	$ 6,500,000
Ordinary shares of Global Indemnity issued to pay fees	267,702
Fox Paine Capital Fund II Limited Partner | Global Indemnity Reinsurance
Related Party Transaction [Line Items]
Company's investment in limited partnership			3,400,000
Number of transferred shares		116,973
Ordinary shares redeemed, shares		82,888
Ordinary shares redeemed		$ 1,900,000
Elimination of shares indirectly owned by subsidiary		34,085
Distribution received from the limited partnership		$ 800,000	0	0
Cozen O'Connor
Related Party Transaction [Line Items]
Cost incurred for legal services rendered		700,000	200,000	20,000
Crystal & Company
Related Party Transaction [Line Items]
Brokerage fee incurred		$ 200,000	$ 200,000	$ 200,000

Estimated Earned Premium and In

Estimated Earned Premium and Incurred Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Assumed earned premium	$ 144,554	$ 58,414	$ 52,494
Hiscox Bermuda
Related Party Transaction [Line Items]
Assumed earned premium	2,266	6,383	3,053
Assumed losses and loss adjustment expenses	$ 509	$ 763	$ 987

Net Balances due to Global Inde

Net Balances due to Global Indemnity Reinsurance (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Hiscox Bermuda
Related Party Transaction [Line Items]
Net receivable (payable) balance	$ (110)	$ 2,897

Commitments And Contingencies -

Commitments And Contingencies - Additional Information (Detail) - USD ($)		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments and Contingencies [Line Items]
Commitment to purchase alternative investment			$ 50,000,000
Funded commitment amount		$ 30,000,000
Future Funding Commitments		20,014,000	22,500,000
Rental expense under operating leases, net of sub-lease income		3,500,000	2,600,000	$ 2,400,000
Rental expense under operating leases, sub-lease income		70,000	40,000	$ 10,000
European Non-Performing Loan Fund, LP
Commitments and Contingencies [Line Items]
Future Funding Commitments	[1]	20,014,000	$ 20,064,000
Unfunded Commitments | European Non-Performing Loan Fund, LP
Commitments and Contingencies [Line Items]
Future Funding Commitments		$ 20,000,000
[1]	This limited partnership invests in distressed securities and assets through senior and subordinated, secured and unsecured debt and equity, in both public and private large-cap and middle-market companies. The Company does not have the ability to sell or transfer its limited partnership interest without consent from the general partner. The Company does not have the contractual option to redeem its limited partnership interest but receives distributions based on the liquidation of the underlying assets. Based on the terms of the partnership agreement, the Company anticipates its interest in this partnership to be redeemed in 2020.

Future Minimum Cash Payments Un

Future Minimum Cash Payments Under Non-cancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Future Minimum Payments Under Non-Cancelable Operating Leases With Initial Terms Of One-Year Or More [Line Items]
2,016	$ 3,263
2,017	3,180
2,018	3,149
2,019	2,122
2020 and thereafter	114
Total	$ 11,828	[1]
[1]	Minimum payments have not been reduced by minimum sublease rentals of $24 due in the future under non-cancelable subleases.

Future Minimum Cash Payments121

Future Minimum Cash Payments Under Non-cancelable Operating Leases (Parenthetical) (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Future Minimum Payments Under Non-Cancelable Operating Leases With Initial Terms Of One-Year Or More [Line Items]
Future minimum sublease rental	$ 24

Share-Based Compensation Pla122

Share-Based Compensation Plans - Additional Information (Detail) - USD ($)	Jun. 12, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2015	Jun. 11, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax expense resulting from stock-based compensation deductions in excess of amounts reported for financial reporting purposes		$ 50,000	$ 40,000	$ 0
Stock options awarded		200,000	325,000	0
Strike price per share		$ 28.37	$ 31.74
Stock options forfeited			125,000	5,000
Number of options expected to vest		66,667				66,667
Compensation expense, options		$ 400,000	$ 300,000	$ 1,200,000
Weighted average fair value of options granted		$ 8.69	$ 7.92
Fair value of company's shares		$ 29.02				$ 29.02
Compensation expense, restricted stock		$ 3,500,000	$ 2,600,000	$ 2,100,000
Exercise price applicable		$ 25.94	$ 25.38	$ 18.62	$ 19.87	$ 25.94
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense for non-vested restricted stock		$ 6,200,000				$ 6,200,000
Weighted average life of non-vested restricted stock		1 year 10 months 24 days
Number of shares issued		174,828	132,302	132,008	984,340	1,423,478
Weighted average fair value per share		$ 28.24	$ 25.67	$ 22.78
Restricted Stock | Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued		138,507	95,694	81,587	629,481	945,269
Weighted average fair value per share		$ 28.37	$ 25.37	$ 22.13
Restricted Stock | Key Employees | Time Based Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued		83,875	78,166	70,291
Restricted Stock | Key Employees | Stock vest first anniversary of the grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date		16.50%	16.50%	16.50%
Vesting period		1 year	1 year	1 year
Restricted Stock | Key Employees | Stock vest second anniversary of the grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date		16.50%	16.50%	16.50%
Vesting period		2 years	2 years	2 years
Restricted Stock | Key Employees | Stock vest third anniversary of the grant
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date		17.00%	17.00%	17.00%
Vesting period		3 years	3 years	3 years
Restricted Stock | Key Employees | Vesting Schedule Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date		100.00%	100.00%	100.00%
Vesting period		3 years	3 years	3 years
Percentage of stock award subject to vesting		50.00%	50.00%	50.00%
Restricted Stock | Key Employees | First Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date			33.33%
Number of shares issued			5,671
Vesting period			3 years
Restricted Stock | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date		33.33%	33.33%	33.33%
Number of shares issued		10,574	11,857	11,296
Vesting period		3 years	3 years	3 years
Percentage of annual bonus eligible to be paid in shares		50.00%
Restricted Stock | Non Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued		36,321	36,608	50,421
Weighted average fair value per share		$ 27.73	$ 26.46	$ 23.83
Number of shares earned not granted until shareholders' approval of share incentive plan on June 11, 2014				18,838
Weighted average grant date value of shares earned not granted				$ 25.38
Restricted Stock | Non Employee Director | Revised Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued	18,838
Restricted Stock | Chief Executive Officer And Other Key Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date		100.00%
Number of shares issued		44,058
Vesting date		Jan. 1, 2018
Time Based Option Award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded			325,000	0
Stock options forfeited			125,000	5,000
Time Based Option Award | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded		300,000
Strike price per share		$ 17.87
Percentage of shares vested on each anniversary of the grant date		33.33%
Stock options forfeited			25,000
Stock options granted (net)			300,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded				0
Amortization expense related to options in 2016		$ 400,000
Amortization expense related to options in 2017		$ 400,000
Stock Options | Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded			300,000
Exercise price applicable			$ 25
Stock Options | Chief Executive Officer | December 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date			20.00%
Stock Options | Chief Executive Officer | December 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date			30.00%
Stock Options | Chief Executive Officer | December 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of shares vested on each anniversary of the grant date			50.00%
Performance Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded		200,000		0
Strike price per share		$ 28.37
Percentage of shares vested on each anniversary of the grant date		33.33%
Ordinary Shares A | Share Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant							2,000,000
Ordinary Shares A | A Former Employee
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Proceed from exercise of options		$ 0	$ 0	$ 300,000
Number of shares issued				14,292
Weighted average fair value of options granted				$ 20

Summary of Award Activity for S

Summary of Award Activity for Stock Options Granted and Weighted Average Exercise Price Per Share (Detail) - $ / shares		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Options
Options outstanding, beginning balance		612,500		412,500	464,743
Options issued		200,000		325,000	0
Options forfeited				(125,000)	(5,000)
Options exercised		0	[1]		(14,292)
Options retired		(12,500)			(32,951)
Options purchased by the Company		0		0	0
Options outstanding, ending balance		800,000		612,500	412,500
Options exercisable at December 31, 2015		360,000
Weighted Average Exercise Price Per Share
Weighted average exercise price per share, beginning balance		$ 25.38		$ 18.62	$ 19.87
Options issued		28.37		31.74
Options forfeited				19.60	29.24
Options exercised		0	[1]		20
Options expired		37.70			34
Options purchased by the Company		0		0	0
Weighted average exercise price per share, ending balance		25.94		$ 25.38	$ 18.62
Options exercisable at December 31, 2015	[2]	$ 20.29
Time Based Option Award
Options
Options outstanding, beginning balance		612,500		412,500	464,743
Options issued				325,000	0
Options forfeited				(125,000)	(5,000)
Options exercised					(14,292)
Options retired		(12,500)			(32,951)
Options purchased by the Company		0		0	0
Options outstanding, ending balance		600,000		612,500	412,500
Options exercisable at December 31, 2015		360,000
Performance Based Stock Options
Options
Options issued		200,000			0
Options purchased by the Company		0		0	0
Options outstanding, ending balance		200,000
Weighted Average Exercise Price Per Share
Options issued		$ 28.37
[1]	The intrinsic value of the exercised options is the difference between the fair market value at time of exercise and the strike price of the option.
[2]	Includes the weighted average strike price on 60,000 of options which are excluded from the intrinsic value calculation of $3.3 million due to the strike price of the options exceeding the fair value of $29.02 at December 31, 2015.

Option Intrinsic Values (Detail

Option Intrinsic Values (Detail) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Dec. 31, 2015		Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding		800,000		412,500	612,500	464,743
Exercisable		360,000
Exercised		0	[1]	14,292
Outstanding		$ 25.94		$ 18.62	$ 25.38	$ 19.87
Exercisable	[2]	20.29
Exercised		$ 0	[1]	$ 20
Outstanding		$ 3.5
Exercisable		$ 3.3
[1]	The intrinsic value of the exercised options is the difference between the fair market value at time of exercise and the strike price of the option.
[2]	Includes the weighted average strike price on 60,000 of options which are excluded from the intrinsic value calculation of $3.3 million due to the strike price of the options exceeding the fair value of $29.02 at December 31, 2015.

Option Intrinsic Values (Parent

Option Intrinsic Values (Parenthetical) (Detail) $ / shares in Units, $ in Millions	Dec. 31, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of company's shares | $ / shares	$ 29.02
Number of shares excluded from intrinsic value calculation | shares	60,000
Intrinsic value | $	$ 3.3

Options Exercisable (Detail)

Options Exercisable (Detail)	Dec. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option Price | $ / shares	$ 20.29	[1]
Number of options exercisable | shares	360,000
Exercise Price 1
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option Price | $ / shares	$ 17.87
Number of options exercisable | shares	300,000
Exercise Price 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option Price | $ / shares	$ 32.38
Number of options exercisable | shares	60,000
[1]	Includes the weighted average strike price on 60,000 of options which are excluded from the intrinsic value calculation of $3.3 million due to the strike price of the options exceeding the fair value of $29.02 at December 31, 2015.

Significant Assumptions Used To

Significant Assumptions Used To Estimate Fair Value of Stock Options Granted Using Black Scholes Option Pricing Model (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0.00%	0.00%
Expected volatility	31.59%	37.70%
Risk-free interest rate	1.70%	1.70%
Expected option life	5 years	6 years 10 months 24 days

Summary of Range of Exercise Pr

Summary of Range of Exercise Prices of Options Outstanding (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding	800,000		612,500		412,500
Exercise Price Range One
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Ranges of Exercise Prices, minimum	$ 17.87		$ 17.87		$ 17.87
Ranges of Exercise Prices, maximum	$ 19.99		$ 19.99		$ 19.99
Options outstanding	300,000		300,000		400,000
Weighted Average Per Share Exercise Price	$ 17.87		$ 17.87		$ 18.03
Weighted Average Remaining Life	5 years 8 months 12 days		6 years 8 months 12 days		7 years 9 months 18 days
Exercise Price Range Two
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Ranges of Exercise Prices, minimum	$ 20		$ 20		$ 30
Ranges of Exercise Prices, maximum	$ 29.99		29.99		$ 37.70
Options outstanding	200,000				12,500
Weighted Average Per Share Exercise Price	$ 28.37				$ 37.70
Weighted Average Remaining Life	9 years				1 year 9 months 18 days
Exercise Price Range Three
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Ranges of Exercise Prices, minimum	$ 30		30
Ranges of Exercise Prices, maximum	$ 37.70		$ 37.70
Options outstanding	300,000	[1]	312,500	[2]
Weighted Average Per Share Exercise Price	$ 32.38		$ 32.59
Weighted Average Remaining Life	8 years 1 month 6 days		8 years 9 months 18 days
[1]	the weighted average per share exercise price on these shares outstanding is variable. See note below under Chief Executive Officer for additional information.
[2]	the weighted average per share exercise price on 300,000 of these shares outstanding is variable. See note below under Chief Executive Officer for additional information.

Summary of Range of Exercise129

Summary of Range of Exercise Prices of Options Outstanding (Parenthetical) (Detail) - shares	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding	800,000	612,500	412,500
Chief Executive Officer
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options outstanding		300,000

Summary of Restricted Stock Gra

Summary of Restricted Stock Grants Since Inception (Detail) - Restricted Stock - shares	12 Months Ended			112 Months Ended	148 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards	174,828	132,302	132,008	984,340	1,423,478
Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards	138,507	95,694	81,587	629,481	945,269
Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock Awards	36,321	36,608	50,421	354,859	478,209

Summary of Non-Vested Restricte

Summary of Non-Vested Restricted Shares Activity (Detail) - Restricted Stock - $ / shares	12 Months Ended			112 Months Ended	148 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-vested restricted shares, beginning balance	172,275	98,121	34,504
Shares issued	174,828	132,302	132,008	984,340	1,423,478
Shares vested	(70,503)	(57,017)	(67,937)
Shares forfeited	(16,695)	(1,131)	(454)
Non-vested restricted shares, ending balance	259,905	172,275	98,121	34,504	259,905
Weighted Average Price Per Share
Weighted average price per share, beginning balance	$ 23.76	$ 21.48	$ 17.87
Shares issued	28.24	25.67	22.78
Shares vested	25.31	24.29	22.17
Shares forfeited	24.11	22.13	22.13
Weighted average price per share, ending balance	$ 26.33	$ 23.76	$ 21.48	$ 17.87	$ 26.33

401(k) Plan - Additional Inform

401(k) Plan - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Employer's matching contribution percentage on first 6% contributed by employee to a defined contribution plan	100.00%
Maximum percentage of employee's earnings that the company may contribute to the defined contribution plan	6.00%
Defined benefit plan expense	$ 2	$ 1.2	$ 1.2

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income	$ 27,304	$ (3,746)	$ 11,117	$ 6,794	$ 11,064	$ 9,761	$ 33,208	$ 8,823	$ 41,469	$ 62,856	$ 61,690
Weighted average shares outstanding-basic									24,253,657	25,131,811	25,072,712
Net income per share									$ 1.71	$ 2.50	$ 2.46
Weighted average shares outstanding-diluted									24,505,851	25,331,420	25,174,015
Net income per share	$ 1.30	$ (0.15)	$ 0.43	$ 0.26	$ 0.44	$ 0.39	$ 1.31	$ 0.35	$ 1.69	$ 2.48	$ 2.45

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares for Basic and Diluted Earnings Per Share (Detail) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Weighted average shares for basic earnings per share	24,253,657	25,131,811	25,072,712
Weighted average shares for diluted earnings per share	24,505,851	25,331,420	25,174,015
Restricted Stock
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Non-vested restricted stock and options	148,669	100,546	53,876
Stock Options
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Non-vested restricted stock and options	103,525	99,063	47,427

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Line Items]
Shares excluded from calculation of diluted earnings per share	500,000	312,500	12,500

Summarizes Options which Deemed

Summarizes Options which Deemed to be Anti-dilutive (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Potentially Dilutive Securities Outstanding [Line Items]
Shares excluded from calculation of diluted earnings per share	500,000	312,500	12,500
Strike price per share	$ 28.37	$ 31.74
February 9, 2014
Potentially Dilutive Securities Outstanding [Line Items]
Expiration Date	Feb. 10, 2024
Shares excluded from calculation of diluted earnings per share	300,000
Strike price per share	$ 32.38
January 1, 2015
Potentially Dilutive Securities Outstanding [Line Items]
Expiration Date	Jan. 1, 2025
Shares excluded from calculation of diluted earnings per share	200,000
Strike price per share	$ 28.37

Statutory Financial Informat137

Statutory Financial Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015USD ($)
United National Insurance Companies
Statutory Accounting Practices [Line Items]
Maximum amount of dividends that could be paid in 2016 under applicable laws and regulations without regulatory approval	$ 17,300,000
Dividend declared but not paid	35,000,000
American Reliable Insurance Company
Statutory Accounting Practices [Line Items]
Maximum amount of dividends that could be paid in 2016 under applicable laws and regulations without regulatory approval	7,800,000
Dividends,declared and paid	0
Penn- America Insurance Companies
Statutory Accounting Practices [Line Items]
Maximum amount of dividends that could be paid in 2016 under applicable laws and regulations without regulatory approval	8,300,000
Maximum amount of dividends payable under applicable laws and regulations without regulatory approval which would be distributed to wholly owned parent company	2,700,000
Dividends,declared and paid	8,400,000
Global Indemnity Reinsurance
Statutory Accounting Practices [Line Items]
Maximum amount of dividends that could be paid in 2016 under applicable laws and regulations without regulatory approval	$ 234,800,000
Maximum reduction in statutory capital allowed without regulatory approval	15.00%

Information for Company's Unite

Information for Company's United States Insurance Companies, Net of Intercompany Eliminations as Determined in Accordance With Sap (Detail) - U.S. Insurance Companies - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statutory Accounting Practices [Line Items]
Statutory capital and surplus, as of end of period	[1]	$ 318,101	$ 253,362	$ 251,464
Statutory net income (loss)		$ 48,633	$ 36,003	$ 31,781
[1]	Includes extraordinary dividend declared in 2013 for an aggregate of $200 million.

Information for Company's Un139

Information for Company's United States Insurance Companies, Net of Intercompany Eliminations as Determined in Accordance With Sap (Parenthetical) (Detail) $ in Millions	Dec. 31, 2013USD ($)
Statutory Accounting Practices [Line Items]
Aggregate extraordinary dividend declared	$ 200

Information for United States I

Information for United States Insurance Companies & Global Indemnity Reinsurance, Net of Intercompany Eliminations, as Determined in Accordance With SAP and Bermuda (Detail) - Global Indemnity Reinsurance - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statutory Accounting Practices [Line Items]
Statutory capital and surplus, as of end of period	$ 713,842	$ 923,862	$ 913,401
Statutory net income (loss)	$ 864	$ 44,593	$ 31,697

Segment Information - Additiona

Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2015Segment
Segment Reporting Information [Line Items]
Number of reportable business segments managed	3

Summary of Business Segment Inf

Summary of Business Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended										12 Months Ended
		Dec. 31, 2015		Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014		Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Revenues:
Gross premiums written												$ 590,233		$ 291,253		$ 290,723
Net premiums written												501,244		273,181		271,984
Net premiums earned		$ 123,222		$ 124,707	$ 128,877	$ 127,337	$ 66,930		$ 68,028	$ 66,017	$ 67,544	504,143		268,519		248,722
Other income (loss)												3,400		555		5,791
Total revenue												507,543		269,074		254,513
Losses and Expenses:
Net losses and loss adjustment expenses		48,498		77,691	79,560	69,619	24,065		36,654	38,270	38,572	275,368		137,561		132,991
Acquisition costs and other underwriting expenses		51,185		50,934	50,926	48,258	28,505		27,458	27,171	26,485	201,303		109,619		105,651
Income (loss) from segments												30,872		21,894		15,871
Unallocated Items:
Net investment income		8,375		8,852	9,141	8,241	6,333		6,527	7,677	8,284	34,609		28,821		37,209
Net realized investment gains		3,842		(10,778)	6,532	(2,970)	(4,366)		1,158	39,881	(813)	(3,374)		35,860		27,412
Corporate and other operating expenses												(24,448)		(14,559)		(11,614)
Interest expense												(4,913)		(822)		(6,169)
Income before income taxes		29,463		(9,727)	9,772	3,238	11,294		8,128	44,798	6,974	32,746		71,194		62,709
Income tax benefit												8,723		(8,338)		(1,019)
Net income		27,304		$ (3,746)	$ 11,117	$ 6,794	11,064		$ 9,761	$ 33,208	$ 8,823	41,469		62,856		61,690
Total assets		1,957,294					1,930,033					1,957,294		1,930,033		1,911,779
Commercial Lines
Revenues:
Gross premiums written	[1]											214,218		229,978		232,373
Net premiums written	[1]											197,526		212,965		213,705
Net premiums earned	[1]											199,304		211,165		196,302
Other income (loss)	[1]											621		620		5,795
Total revenue	[1]											199,925		211,785		202,097
Losses and Expenses:
Net losses and loss adjustment expenses	[1]											97,530		117,586		116,837
Acquisition costs and other underwriting expenses	[1]											83,170	[2]	88,983	[3]	87,360	[4]
Income (loss) from segments	[1]											19,225		5,216		(2,100)
Unallocated Items:
Total assets	[1]	729,097					1,288,763					729,097		1,288,763		1,264,306
Personal Lines
Revenues:
Gross premiums written	[1]											326,282
Net premiums written	[1]											254,035
Net premiums earned	[1]											253,048
Other income (loss)	[1]											2,872
Total revenue	[1]											255,920
Losses and Expenses:
Net losses and loss adjustment expenses	[1]											163,986
Acquisition costs and other underwriting expenses	[1],[5]											99,140
Income (loss) from segments	[1]											(7,206)
Unallocated Items:
Total assets	[1]	510,503										510,503
Reinsurance Operations
Revenues:
Gross premiums written	[6]											49,733		61,275		58,350
Net premiums written	[6]											49,683		60,216		58,279
Net premiums earned	[6]											51,791		57,354		52,420
Other income (loss)	[6]											(93)		(65)		(4)
Total revenue	[6]											51,698		57,289		52,416
Losses and Expenses:
Net losses and loss adjustment expenses	[6]											13,852		19,975		16,154
Acquisition costs and other underwriting expenses	[6]											18,993		20,636		18,291
Income (loss) from segments	[6]											18,853		16,678		17,971
Unallocated Items:
Total assets	[6]	$ 717,694	[7]				$ 641,270	[8]				$ 717,694	[7]	$ 641,270	[8]	$ 647,473	[8]
[1]	Includes business ceded to the Company's Reinsurance Operations.
[2]	Includes federal excise tax of $1,051 relating to cessions from Commercial Lines to Reinsurance Operations.
[3]	Includes excise tax of $1,114 related to cessions from Commercial Lines to Reinsurance Operations.
[4]	Includes excise tax of $1,026 related to cessions from Commercial Lines to Reinsurance Operations.
[5]	Includes federal excise tax of $1,265 relating to cessions from Personal Lines to Reinsurance Operations.
[6]	External business only, excluding business assumed from affiliates.
[7]	Comprised of Global Indemnity Reinsurance's total assets less its investment in subsidiaries
[8]	Comprised of Global Indemnity Reinsurance's total assets less its investment in subsidiaries.

Summary of Business Segment 143

Summary of Business Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commercial Lines
Segment Reporting Information [Line Items]
Federal excise tax relating to cessions from Insurance Operations to Reinsurance Operations	$ 1,051	$ 1,114	$ 1,026
Personal Lines
Segment Reporting Information [Line Items]
Federal excise tax relating to cessions from Insurance Operations to Reinsurance Operations	$ 1,265

Net Federal Income Taxes and Ca

Net Federal Income Taxes and Cash Interest Paid (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash Flow Supplemental Disclosures [Line Items]
Federal income taxes paid	$ 104	$ 13,997	$ 162
Federal income taxes recovered	2	136	7,613
Interest paid	$ 3,926	$ 804	$ 7,678

supplemental Cashflow Informati

supplemental Cashflow Information - Additional Information (Detail)	Jan. 01, 2015
Global Indemnity Group Inc | American Reliable Insurance Company
Cash Flow Supplemental Disclosures [Line Items]
Acquired voting equity interest	100.00%

Liabilities Assumed on Acquisit

Liabilities Assumed on Acquisition (Detail) - Global Indemnity Group Inc - American Reliable Insurance Company $ in Thousands	Jan. 01, 2015USD ($)
Cash Flow Supplemental Disclosures [Line Items]
Fair value of assets acquired (including goodwill)	$ 383,668
Liabilities assumed	$ 283,871

Summary of Quarterly Performanc

Summary of Quarterly Performance (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information [Line Items]
Net premiums earned	$ 123,222	$ 124,707	$ 128,877	$ 127,337	$ 66,930	$ 68,028	$ 66,017	$ 67,544	$ 504,143	$ 268,519	$ 248,722
Net investment income	8,375	8,852	9,141	8,241	6,333	6,527	7,677	8,284	34,609	28,821	37,209
Net realized investment gains (losses)	3,842	(10,778)	6,532	(2,970)	(4,366)	1,158	39,881	(813)	(3,374)	35,860	27,412
Net losses and loss adjustment expenses	48,498	77,691	79,560	69,619	24,065	36,654	38,270	38,572	275,368	137,561	132,991
Acquisition costs and other underwriting expenses	51,185	50,934	50,926	48,258	28,505	27,458	27,171	26,485	201,303	109,619	105,651
Income before income taxes	29,463	(9,727)	9,772	3,238	11,294	8,128	44,798	6,974	32,746	71,194	62,709
Net income (loss)	$ 27,304	$ (3,746)	$ 11,117	$ 6,794	$ 11,064	$ 9,761	$ 33,208	$ 8,823	$ 41,469	$ 62,856	$ 61,690
Per share data-Diluted:
Net income	$ 1.30	$ (0.15)	$ 0.43	$ 0.26	$ 0.44	$ 0.39	$ 1.31	$ 0.35	$ 1.69	$ 2.48	$ 2.45

Summary Of Investments Other Th

Summary Of Investments Other Than Investments In Related Parties (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	$ 1,441,082	[1]
Value	1,449,056
Amount Included in the Balance Sheet	1,449,056
Fixed Maturities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	1,308,333	[1]
Value	1,306,149
Amount Included in the Balance Sheet	1,306,149
Fixed Maturities | U.S. Treasury and Agency Obligations
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	106,303	[1]
Value	107,122
Amount Included in the Balance Sheet	107,122
Fixed Maturities | Obligations of States and Political Subdivisions
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	203,121	[1]
Value	205,240
Amount Included in the Balance Sheet	205,240
Fixed Maturities | Mortgage Backed And Asset Backed Securities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	561,503	[1]
Value	559,535
Amount Included in the Balance Sheet	559,535
Fixed Maturities | Public Utility, Bonds
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	23,990	[1]
Value	23,796
Amount Included in the Balance Sheet	23,796
Fixed Maturities | All Other Corporate Bonds
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	413,416	[1]
Value	410,456
Amount Included in the Balance Sheet	410,456
Equity securities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	100,157	[1]
Value	110,315
Amount Included in the Balance Sheet	110,315
Equity securities | Public Utility, Equities
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	6,147	[1]
Value	6,373
Amount Included in the Balance Sheet	6,373
Equity securities | Industrial, Miscellaneous, and All Others
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	94,010	[1]
Value	103,942
Amount Included in the Balance Sheet	103,942
Other long-term investments | Other Invested Assets
Summary of Investments, Other than Investments in Related Parties, Reportable Data [Line Items]
Cost	32,592	[1]
Value	32,592
Amount Included in the Balance Sheet	$ 32,592
[1]	Original cost of equity securities; original cost of fixed maturities adjusted for amortization of premiums and accretion of discounts; original cost for other long-term investments adjusted for income or loss earned on investments in accordance with equity method of accounting. All amounts are shown net of impairment losses.

Condensed Financial Informat149

Condensed Financial Information of Registrant (Parent Only) Balance Sheets (Detail) - USD ($) $ in Thousands		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
ASSETS
Cash and cash equivalents		$ 67,037	$ 58,823	$ 105,492	$ 104,460
Other assets		49,630	34,980
Total assets		1,957,294	1,930,033	1,911,779
Liabilities:
Debt		172,034	174,673
Other liabilities		53,344	34,998
Total liabilities		$ 1,207,368	$ 1,021,743
Commitments and contingencies
Shareholders' equity:
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 16,424,546 and 16,331,577, respectively; A ordinary shares outstanding:13,313,751 and 13,266,762 respectively; B ordinary shares issued and outstanding: 4,133,366 and 12,061,370, respectively		$ 3	$ 3
Additional paid-in capital		529,872	519,590
Accumulated other comprehensive income, net of tax		4,078	23,384	54,028
Retained earnings		318,416	466,717
Total shareholders' equity		749,926	908,290	873,280
Total liabilities and shareholders' equity		1,957,294	1,930,033
Ordinary Shares A
Shareholders' equity:
A ordinary shares in treasury, at cost: 3,110,795 and 3,064,815 shares, respectively		(102,443)	(101,404)
Total shareholders' equity		2	2	2	2
Parent Company
ASSETS
Cash and cash equivalents		2,185	46	$ 1,746	$ 1,744
Equity in unconsolidated subsidiaries	[1]	951,760	1,017,710
Due from affiliates	[1]	3,645
Other assets			705
Total assets		957,590	1,018,461
Liabilities:
Debt		96,388
Intercompany notes payable	[1]	108,000	108,000
Due to affiliates	[1]		938
Other liabilities		3,221	1,178
Total liabilities		$ 207,609	$ 110,116
Commitments and contingencies
Shareholders' equity:
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 16,424,546 and 16,331,577, respectively; A ordinary shares outstanding:13,313,751 and 13,266,762 respectively; B ordinary shares issued and outstanding: 4,133,366 and 12,061,370, respectively		$ 3	$ 3
Deferred shares, €1 par value, 40,000 ordinary shares authorized, issued and outstanding	[1]	$ 55	$ 55
Preferred shares, $0.0001 par value, 100,000,000 shares authorized, none issued and outstanding
Additional paid-in capital		$ 529,872	$ 519,590
Accumulated other comprehensive income, net of tax		4,078	23,384
Retained earnings		318,416	466,717
Total shareholders' equity		749,981	908,345
Total liabilities and shareholders' equity		957,590	1,018,461
Parent Company | Ordinary Shares A
Shareholders' equity:
A ordinary shares in treasury, at cost: 3,110,795 and 3,064,815 shares, respectively		$ (102,443)	$ (101,404)
[1]	This item has been eliminated in the Company's Consolidated Financial Statements.

Condensed Financial Informat150

Condensed Financial Information of Registrant (Parent Only) Balance Sheets (Parenthetical) (Detail)	Dec. 31, 2015$ / sharesshares	Dec. 31, 2015€ / sharesshares	Dec. 31, 2014$ / sharesshares	Dec. 31, 2014€ / sharesshares
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value | $ / shares	$ 0.0001		$ 0.0001
Ordinary shares, shares authorized	900,000,000	900,000,000	900,000,000	900,000,000
Parent Company
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, par value | $ / shares	$ 0.0001		$ 0.0001
Ordinary shares, shares authorized	900,000,000	900,000,000	900,000,000	900,000,000
Deferred shares, par value | € / shares		€ 1		€ 1
Deferred shares, shares authorized	40,000	40,000	40,000	40,000
Deferred shares, shares issued	40,000	40,000	40,000	40,000
Deferred shares, shares outstanding	40,000	40,000	40,000	40,000
Preferred shares, par value | $ / shares	$ 0.0001		$ 0.0001
Preferred shares, shares authorized	100,000,000	100,000,000	100,000,000	100,000,000
Preferred shares, shares issued	0	0	0	0
Preferred shares, shares outstanding	0	0	0	0
Ordinary Shares A
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, shares issued	16,424,546	16,424,546	16,331,577	16,331,577
Ordinary shares, shares outstanding	13,313,751	13,313,751	13,266,762	13,266,762
Treasury shares, cost	3,110,795	3,110,795	3,064,815	3,064,815
Ordinary Shares A | Parent Company
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, shares issued	16,424,546	16,424,546	16,331,577	16,331,577
Ordinary shares, shares outstanding	13,313,751	13,313,751	13,266,762	13,266,762
Treasury shares, cost	3,110,795	3,110,795	3,064,815	3,064,815
Ordinary Shares B
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, shares issued	4,133,366	4,133,366	12,061,370	12,061,370
Ordinary shares, shares outstanding	4,133,366	4,133,366	12,061,370	12,061,370
Ordinary Shares B | Parent Company
Condensed Financial Statements, Captions [Line Items]
Ordinary shares, shares issued	4,133,366	4,133,366	12,061,370	12,061,370
Ordinary shares, shares outstanding	4,133,366	4,133,366	12,061,370	12,061,370

Condensed Financial Informat151

Condensed Financial Information of Registrant (Parent Only) Statement of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues:
Total revenues										$ 538,778	$ 333,755	$ 319,134
Expenses:
Income before income taxes		$ 29,463	$ (9,727)	$ 9,772	$ 3,238	$ 11,294	$ 8,128	$ 44,798	$ 6,974	32,746	71,194	62,709
Equity in earnings of unconsolidated subsidiaries										2,533	0	0
Net income		$ 27,304	$ (3,746)	$ 11,117	$ 6,794	$ 11,064	$ 9,761	$ 33,208	$ 8,823	41,469	62,856	61,690
Other comprehensive income, net of tax:
Other comprehensive income (loss), net of tax										(19,306)	(30,644)	678
Comprehensive income, net of tax										22,163	32,212	62,368
Parent Company
Revenues:
Total revenues										0	0	0
Expenses:
Intercompany interest expense	[1]									1,296	1,296	1,296
Other expenses										8,203	4,484	3,848
Income before income taxes										(9,499)	(5,780)	(5,144)
Equity in earnings of unconsolidated subsidiaries	[1]									50,968	68,636	66,834
Net income										41,469	62,856	61,690
Other comprehensive income, net of tax:
Equity in other comprehensive income (loss) of unconsolidated subsidiaries	[1]									(19,306)	(30,644)	678
Other comprehensive income (loss), net of tax										(19,306)	(30,644)	678
Comprehensive income, net of tax										$ 22,163	$ 32,212	$ 62,368
[1]	This item has been eliminated in the Company's Consolidated Financial Statements.

Condensed Financial Informat152

Condensed Financial Information of Registrant (Parent Only) Statement of Cash Flows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used for) operating activities	$ 3,750	$ (12,002)	$ (4,921)
Cash flows from financing activities:
Proceeds from issuance of subordinated notes	100,000
Debt issuance cost	(3,659)
Purchases of A ordinary shares	(333)	(139)	(55)
Tax benefit on share-based compensation expense	10	37
Redemption of ordinary shares	(189,770)
Net cash provided by (used for) financing activities	(192,779)	74,571	15,016
Net change in cash and cash equivalents	8,214	(46,669)	1,032
Cash and cash equivalents at beginning of period	58,823	105,492	104,460
Cash and cash equivalents at end of period	67,037	58,823	105,492
Parent Company
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used for) operating activities	95,891	(1,598)	57
Cash flows from financing activities:
Proceeds from issuance of subordinated notes	100,000
Debt issuance cost	(3,659)
Purchases of A ordinary shares	(333)	(139)	(55)
Tax benefit on share-based compensation expense	10	37
Redemption of ordinary shares	(189,770)
Net cash provided by (used for) financing activities	(93,752)	(102)	(55)
Net change in cash and cash equivalents	2,139	(1,700)	2
Cash and cash equivalents at beginning of period	46	1,746	1,744
Cash and cash equivalents at end of period	$ 2,185	$ 46	$ 1,746

Condensed Financial Informat153

Condensed Financial Information of Registrant (Parent Only) - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Parent Company | Non-Cash Dividend
Condensed Financial Statements, Captions [Line Items]
Non-cash dividends received from subsidiaries	$ 0	$ 2,700,000	$ 19,100,000

Supplementary Insurance Info154

Supplementary Insurance Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplementary Insurance Information, by Segment [Line Items]
Premium Revenue	$ 504,143	$ 268,519	$ 248,722
Benefits, Claims, Losses And Settlement Expenses	275,368	137,561	132,991
Amortization of Deferred Policy Acquisition Costs	86,170	57,051	53,787
Net Written Premium	501,244	273,181	271,984
Commercial Lines
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	20,784	21,249	19,036
Future Policy Benefits, Losses, Claims And Loss Expenses	524,607	579,621	678,381
Unearned Premiums	100,027	102,118	100,791
Other Policy and Benefits Payable	0	0	0
Premium Revenue	199,304	211,165	196,302
Benefits, Claims, Losses And Settlement Expenses	97,530	117,586	116,837
Amortization of Deferred Policy Acquisition Costs	43,821	45,015	44,115
Net Written Premium	197,526	212,965	213,705
Personal Lines
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	31,900
Future Policy Benefits, Losses, Claims And Loss Expenses	94,359
Unearned Premiums	169,669
Other Policy and Benefits Payable	0
Premium Revenue	253,048
Benefits, Claims, Losses And Settlement Expenses	163,986
Amortization of Deferred Policy Acquisition Costs	31,291
Net Written Premium	254,035
Reinsurance Operations
Supplementary Insurance Information, by Segment [Line Items]
Deferred Policy Acquisition Costs	3,833	3,989	3,141
Future Policy Benefits, Losses, Claims And Loss Expenses	61,081	95,851	101,085
Unearned Premiums	16,589	18,697	15,838
Other Policy and Benefits Payable	0	0	0
Premium Revenue	51,791	57,354	52,420
Benefits, Claims, Losses And Settlement Expenses	13,852	19,975	16,154
Amortization of Deferred Policy Acquisition Costs	11,058	12,036	9,672
Net Written Premium	$ 49,683	$ 60,216	$ 58,279

Supplementary Insurance Info155

Supplementary Insurance Information Unallocated Corporate Items (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Unallocated Corporate Items [Line Items]
Net Investment Income	$ 34,609	$ 28,821	$ 37,209
Corporate and Other Operating Expenses	$ 24,448	$ 14,559	$ 11,614

Reinsurance Earned Premiums (De

Reinsurance Earned Premiums (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015		Dec. 31, 2014	Dec. 31, 2013
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Direct Amount									$ 452,441		$ 228,652	$ 215,713
Ceded to Other Companies									92,852	[1]	18,547	19,485
Assumed from Other Companies									144,554		58,414	52,494
Net Amount	$ 123,222	$ 124,707	$ 128,877	$ 127,337	$ 66,930	$ 68,028	$ 66,017	$ 67,544	504,143		268,519	248,722
Property & Liability Insurance
Reinsurance Premiums for Insurance Companies, by Product Segment [Line Items]
Direct Amount									452,441		228,652	215,713
Ceded to Other Companies									92,852		18,547	19,485
Assumed from Other Companies									144,554		58,414	52,494
Net Amount									$ 504,143		$ 268,519	$ 248,722
Percentage of Assumed to Net									28.70%		21.80%	21.10%
[1]	Includes ceded written premiums and ceded earned premiums of $55.8 million and $59.5 million, respectively, to American Bankers Insurance Company.

Valuation and Qualifying Acc157

Valuation and Qualifying Accounts and Reserves (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance for Loans and Leases Receivable
Valuation and Qualifying Accounts Disclosure [Line Items]
Charged (Credited) to Other Accounts	$ 0	$ 0	$ 0
Other Deductions	0	0	0
Allowance for Loan and Lease Losses, Real Estate
Valuation and Qualifying Accounts Disclosure [Line Items]
Charged (Credited) to Other Accounts	0	0	0
Other Deductions	0	0	0
Allowance for Doubtful Accounts
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	1,518	1,782	1,338
Charged (Credited) to Costs and Expenses	128	(264)	444
Charged (Credited) to Other Accounts	0	0	0
Other Deductions	0	0	0
Balance at End of Period	1,646	1,518	1,782
Valuation Allowance of Deferred Tax Assets
Valuation and Qualifying Accounts Disclosure [Line Items]
Charged (Credited) to Other Accounts	0	0	0
Other Deductions	0	0	0
Allowance for Reinsurance Recoverable
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Period	9,350	9,010	9,010
Charged (Credited) to Costs and Expenses	325	340
Charged (Credited) to Other Accounts	0	0	0
Other Deductions	0	0	0
Balance at End of Period	$ 9,675	$ 9,350	$ 9,010

Supplementary Information fo158

Supplementary Information for Property Casualty Underwriters (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Supplemental Information for Property, Casualty Insurance Underwriters [Line Items]
Deferred Policy Acquisition Costs	$ 56,517	$ 25,238	$ 22,177
Reserves for Unpaid Claims and Claim Adjustment Expenses	680,047	675,472	779,466
Discount If Any Deducted	3,000	4,000	6,000
Unearned Premiums	286,285	120,815	116,629
Earned Premiums	504,143	268,519	248,722
Net Investment Income	34,609	28,821	37,209
Claims and Claim Adjustment Expense Incurred Related To Current Year	310,066	153,994	140,873
Claims and Claim Adjustment Expense Incurred Related To Prior Year	(34,698)	(16,433)	(7,882)
Amortization Of Deferred Policy Acquisition Costs	86,170	57,051	53,787
Paid Claims and Claim Adjustment Expenses	332,417	172,265	184,564
Premiums Written	$ 501,244	$ 273,181	$ 271,984