Global Indemnity (GBLI) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 02, 2018
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	GBLI
Entity Registrant Name	Global Indemnity Ltd
Entity Central Index Key	1,494,904
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Ordinary Shares A
Document Information [Line Items]
Entity Ordinary Shares, Shares Outstanding		10,082,458
Ordinary Shares B
Document Information [Line Items]
Entity Ordinary Shares, Shares Outstanding		4,133,366

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fixed maturities:
Available for sale, at fair value (amortized cost: $1,308,735 and $1,243,144)	$ 1,283,870	$ 1,241,437
Equity securities:
At fair value (cost: $137,789 and $124,915)	137,789	140,229
Other invested assets	83,499	77,820
Total investments	1,505,158	1,459,486
Cash and cash equivalents	47,138	74,414
Premiums receivable, net	92,567	84,386
Reinsurance receivables, net	96,568	105,060
Funds held by ceding insurers	52,110	45,300
Federal income taxes receivable	9,991	10,332
Deferred federal income taxes	32,843	26,196
Deferred acquisition costs	65,504	61,647
Intangible assets	22,285	22,549
Goodwill	6,521	6,521
Prepaid reinsurance premiums	25,237	28,851
Receivable for securities sold		1,543
Other assets	25,897	75,384
Total assets	1,981,819	2,001,669
Liabilities:
Unpaid losses and loss adjustment expenses	613,670	634,664
Unearned premiums	304,188	285,397
Ceded balances payable	21,848	10,851
Payable for securities purchased	553
Contingent commissions	6,496	7,984
Debt	287,324	294,713
Other liabilities	45,323	49,666
Total liabilities	1,279,402	1,283,275
Commitments and contingencies (Note 10)
Shareholders' equity:
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 10,157,242 and 10,102,927 respectively; A ordinary shares outstanding: 10,082,458 and 10,073,376, respectively; B ordinary shares issued and outstanding: 4,133,366 and 4,133,366, respectively	2	2
Additional paid-incapital	436,035	434,730
Accumulated other comprehensive income, net of taxes	(22,475)	8,983
Retained earnings	291,827	275,838
Total shareholders' equity	702,417	718,394
Total liabilities and shareholders' equity	1,981,819	2,001,669
Ordinary Shares A
Shareholders' equity:
A ordinary shares in treasury, at cost: 74,784 and 29,551 shares, respectively	(2,972)	(1,159)
Total shareholders' equity	$ 0	$ 1

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Available for sale, amortized cost	$ 1,308,735	$ 1,243,144
Available for sale, at cost	$ 137,789	$ 124,915
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	10,157,242	10,102,927
Ordinary shares, shares outstanding	10,082,458	10,073,376
Treasury shares, shares	74,784	29,551
Ordinary Shares B
Ordinary shares, shares issued	4,133,366	4,133,366
Ordinary shares, shares outstanding	4,133,366	4,133,366

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Gross premiums written	$ 158,817	$ 143,894	$ 283,064	$ 267,645
Net premiums written	136,454	123,797	244,324	235,303
Net premiums earned	113,917	107,073	221,919	220,199
Net investment income	10,954	8,840	22,358	17,484
Net realized investment gains (losses):
Other than temporary impairment losses on investments	(371)	(578)	(371)	(688)
Other net realized investment gains (losses)	3,201	(84)	2,885	801
Total net realized investment gains (losses)	2,830	(662)	2,514	113
Other income	324	1,782	878	3,150
Total revenues	128,025	117,033	247,669	240,946
Losses and Expenses:
Net losses and loss adjustment expenses	58,861	57,700	114,933	120,261
Acquisition costs and other underwriting expenses	47,513	43,457	92,516	90,008
Corporate and other operating expenses	10,918	3,361	20,178	6,415
Interest expense	4,940	4,762	9,801	7,229
Income before income taxes	5,793	7,753	10,241	17,033
Income tax benefit	(1,399)	(2,336)	(2,652)	(5,338)
Net income	$ 7,192	$ 10,089	$ 12,893	$ 22,371
Net income
Basic	$ 0.51	$ 0.58	$ 0.92	$ 1.29
Diluted	$ 0.50	$ 0.57	$ 0.90	$ 1.27
Weighted-average number of shares outstanding
Basic	14,092,397	17,335,914	14,073,813	17,326,019
Diluted	14,334,600	17,690,879	14,308,264	17,670,636
Cash dividends declared per share	$ 0.25	$ 0	$ 0.50	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net income	$ 7,192	$ 10,089	$ 12,893	$ 22,371
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)	(5,820)	2,155	(21,008)	7,333
Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses)	(7)	(1)	(8)	(1)
Reclassification adjustment for gains included in net income	611	(823)	686	(1,229)
Unrealized foreign currency translation gains (losses)	(728)	323	(1,100)	501
Other comprehensive income (loss)	(5,944)	1,654	(21,430)	6,604
Comprehensive income (loss), net of tax	$ 1,248	$ 11,743	$ (8,537)	$ 28,975

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, 2016						13,436,548		4,133,366
A ordinary shares purchased							29,551
Ordinary shares issued under share incentive plans						2,204
Ordinary shares issued to directors						27,121
Ordinary shares redeemed						(3,397,031)
Adjustment for shares redeemed indirectly owned by subsidiary						34,085
Number at Dec. 31, 2017					29,551	10,102,927	29,551	4,133,366
Balance at Dec. 31, 2016		$ 430,283	$ (618)	$ 368,284		$ 1		$ 1
A ordinary shares purchased, at cost							$ (1,159)
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses)			8,829
Change in other than temporary impairment losses recognized in other comprehensive income			(3)
Unrealized foreign currency translation gains (losses)			775
Other comprehensive income (loss)			9,601
Ordinary shares redeemed				(83,015)
Adjustment for gain on shares redeemed indirectly owned by subsidiary		706		120
Net income (loss)				(9,551)
Share compensation plans		3,741
Balance at Dec. 31, 2017	$ 718,394	434,730	8,983	275,838	$ (1,159)	$ 1		$ 1
A ordinary shares purchased							45,233
Ordinary shares issued under share incentive plans						37,381
Ordinary shares issued to directors						16,934
Number at Jun. 30, 2018						10,157,242	74,784	0
A ordinary shares purchased, at cost							$ (1,813)
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses)			(20,322)
Change in other than temporary impairment losses recognized in other comprehensive income			(8)
Unrealized foreign currency translation gains (losses)	(1,100)		(1,100)
Other comprehensive income (loss)	(21,430)		(21,430)
Net income (loss)	12,893			12,893
Share compensation plans		1,305
Dividends to shareholders				(7,102)
Balance at Jun. 30, 2018	702,417	$ 436,035	(22,475)	291,827	$ (2,972)	$ 0		$ 0
Other comprehensive income (loss), net of tax:
Cumulative effect adjustment resulting from adoption of new accounting guidance	$ (10,028)		$ (10,028)	$ 10,198

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net income	$ 12,893	$ 22,371
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Amortization and depreciation	3,602	3,142
Amortization of debt issuance costs	132	99
Restricted stock and stock option expense	1,305	1,907
Deferred federal income taxes	(3,648)	(5,521)
Amortization of bond premium and discount, net	3,120	4,258
Net realized investment gains	(2,514)	(113)
Changes in:
Premiums receivable, net	(8,181)	5,859
Reinsurance receivables, net	8,492	36,322
Funds held by ceding insurers	(7,910)	(24,938)
Unpaid losses and loss adjustment expenses	(20,994)	(35,279)
Unearned premiums	18,791	4,565
Ceded balances payable	10,997	120
Other assets and liabilities, net	44,265	(18,175)
Contingent commissions	(1,488)	(4,791)
Federal income tax receivable/payable	341	80
Deferred acquisition costs, net	(3,857)	(3,847)
Prepaid reinsurance premiums	3,614	10,535
Net cash provided by (used for) operating activities	58,960	(3,406)
Cash flows from investing activities:
Proceeds from sale of fixed maturities	114,456	631,653
Proceeds from sale of equity securities	17,461	13,740
Proceeds from maturity of fixed maturities	33,041	53,478
Proceeds from limited partnerships	4,871	10,322
Amounts received (paid) in connection with derivatives	6,602	(983)
Purchases of fixed maturities	(214,937)	(781,270)
Purchases of equity securities	(17,330)	(17,517)
Purchases of other invested assets	(10,550)	(16,500)
Acquisition of business	(3,515)
Net cash provided by (used for) investing activities	(69,901)	(107,077)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility	(7,521)	7,242
Proceeds from issuance of subordinated notes		130,000
Debt issuance cost		(4,246)
Dividends paid to shareholders	(7,001)
Purchase of A ordinary shares	(1,813)	(1,159)
Net cash provided by (used for) financing activities	(16,335)	131,837
Net change in cash and cash equivalents	(27,276)	21,354
Cash and cash equivalents at beginning of period	74,414	75,110
Cash and cash equivalents at end of period	$ 47,138	$ 96,464

Principles of Consolidation and

Principles of Consolidation and Basis of Presentation	6 Months Ended
	Jun. 30, 2018
Principles of Consolidation and Basis of Presentation	1. Principles of Consolidation and Basis of Presentation Global Indemnity Limited (“Global Indemnity” or “the Company”) was incorporated on February 9, 2016 and is domiciled in the Cayman Islands. On November 7, 2016, Global Indemnity replaced Global Indemnity plc as the ultimate parent company as a result of a redomestication transaction. The Company’s A ordinary shares are publicly traded on the NASDAQ Global Select Market under the ticker symbol GBLI. Please see Note 2 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2017 Annual Report on Form 10-K The Company manages its business through three business segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Company’s Commercial Lines offers specialty property and casualty insurance products in the excess and surplus lines marketplace. The Company manages its Commercial Lines by differentiating them into four 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; 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; and Vacant Express, which insures dwellings which are currently vacant, undergoing renovation, or are under construction and is distributed through aggregators, brokers, and retail agents. 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 offers specialty personal lines and agricultural coverage through general and specialty agents with specific binding authority on an admitted basis. Collectively, the Company’s U.S. insurance subsidiaries are licensed in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The Commercial Lines and Personal Lines segments comprise the Company’s U.S. Insurance Operations (‘Insurance Operations”). The Company’s Reinsurance Operations consist solely of the operations of its Bermuda-based wholly-owned subsidiary, Global Indemnity Reinsurance Company, Ltd. (“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 interim consolidated financial statements are unaudited, but 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 unaudited consolidated financial statements include all adjustments that are, in the opinion of management, of a normal recurring nature and are necessary for a fair statement of results for the interim periods. Results of operations for the quarters and six months ended June 30, 2018 and 2017 are not necessarily indicative of the results of a full year. The accompanying notes to the unaudited consolidated financial statements should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s 2017 Annual Report on Form 10-K. On January 1, 2018, the Company adopted new accounting guidance which requires equity investments, except for those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with the changes in fair value recognized in net income. Upon adoption, the Company recorded a cumulative effect adjustment, net of tax, of $10.0 million which reduced accumulated other comprehensive income and increased retained earnings. During the quarter and six months ended June 30, 2018, net realized investment gains (losses) included a gain of $0.8 million and a loss of $4.2 million, respectively, related to the change in the fair value of equity investments in accordance with this new accounting guidance. In addition, under the new guidance, equity investments, are no longer classified into different categories as either trading or available for sale. Prior to the adoption of this new guidance, equity securities were previously classified as available for sale. On January 1, 2018, the Company adopted new accounting guidance regarding the classification of certain cash receipts and cash payments within the statement of cash flows. Upon adoption, the Company made a policy election to use the cumulative earnings approach for presenting distributions received from equity method investees. Under this approach, distributions up to the amount of cumulative equity in earnings recognized will be treated as returns on investment and presented in operating activities and those in excess of that amount will be treated as returns of investment and presented in the investing section. Prior to adoption, all distributions received from equity method investees were presented in the investing section of the consolidated statements of cash flows. The provisions of this accounting guidance were adopted on a retrospective basis. As a result, the consolidated statement of cash flows for the six months ended June 30, 2017 that was included in the Form 10-Q 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.

Investments

Investments	6 Months Ended
	Jun. 30, 2018
Investments	2. Investments The amortized cost and estimated fair value of investments were as follows as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Amortized Cost Gross Gross Estimated Other than As of June 30, 2018 Fixed maturities: U.S. treasury and agency obligations $ 94,588 $ 419 $ (2,282 ) $ 92,725 $ — Obligations of states and political subdivisions 102,703 242 (754 ) 102,191 — Mortgage-backed securities 185,803 242 (4,148 ) 181,897 — Asset-backed securities 209,352 134 (1,432 ) 208,054 (1 ) Commercial mortgage-backed securities 157,948 57 (4,396 ) 153,609 — Corporate bonds 435,712 208 (10,167 ) 425,753 — Foreign corporate bonds 122,629 7 (2,995 ) 119,641 — Total fixed maturities 1,308,735 1,309 (26,174 ) 1,283,870 (1 ) Common stock 137,789 — — 137,789 — Other invested assets 83,499 — — 83,499 — Total $ 1,530,023 $ 1,309 $ (26,174 ) $ 1,505,158 $ (1 ) (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, 2017 Fixed maturities: U.S. treasury and agency obligations $ 105,311 $ 562 $ (1,193 ) $ 104,680 $ — Obligations of states and political subdivisions 94,947 441 (274 ) 95,114 — Mortgage-backed securities 150,237 404 (1,291 ) 149,350 — Asset-backed securities 203,827 267 (393 ) 203,701 (1 ) Commercial mortgage-backed securities 140,761 101 (1,067 ) 139,795 — Corporate bonds 422,486 2,295 (1,391 ) 423,390 — Foreign corporate bonds 125,575 377 (545 ) 125,407 — Total fixed maturities 1,243,144 4,447 (6,154 ) 1,241,437 (1 ) Common stock 124,915 18,574 (3,260 ) 140,229 — Other invested assets 77,820 — — 77,820 — Total $ 1,445,879 $ 23,021 $ (9,414 ) $ 1,459,486 $ (1 ) (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 6% and 5% of shareholders’ equity at June 30, 2018 and December 31, 2017, respectively. The amortized cost and estimated fair value of the Company’s fixed maturities portfolio classified as available for sale at June 30, 2018, 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 $ 76,366 $ 76,088 Due in one year through five years 434,414 426,933 Due in five years through ten years 232,350 224,914 Due in ten years through fifteen years 8,168 7,997 Due after fifteen years 4,334 4,378 Mortgage-backed securities 185,803 181,897 Asset-backed securities 209,352 208,054 Commercial mortgage-backed securities 157,948 153,609 Total $ 1,308,735 $ 1,283,870 The following table contains an analysis of the Company’s fixed income securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of June 30, 2018. Due to new accounting guidance implemented in 2018 regarding the treatment of gains and losses on equity securities, common stock is no longer included in the table: 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 $ 70,067 $ (2,050 ) $ 18,610 $ (232 ) $ 88,677 $ (2,282 ) Obligations of states and political subdivisions 51,802 (633 ) 9,109 (121 ) 60,911 (754 ) Mortgage-backed securities 160,818 (4,066 ) 3,700 (82 ) 164,518 (4,148 ) Asset-backed securities 139,647 (1,305 ) 8,586 (127 ) 148,233 (1,432 ) Commercial mortgage-backed securities 118,579 (3,561 ) 26,865 (835 ) 145,444 (4,396 ) Corporate bonds 346,269 (9,385 ) 39,371 (782 ) 385,640 (10,167 ) Foreign corporate bonds 93,274 (2,677 ) 16,669 (318 ) 109,943 (2,995 ) Total fixed maturities $ 980,456 $ (23,677 ) $ 122,910 $ (2,497 ) $ 1,103,366 $ (26,174 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit 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, 2017: 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 $ 79,403 $ (962 ) $ 17,469 $ (231 ) $ 96,872 $ (1,193 ) Obligations of states and political subdivisions 34,537 (149 ) 12,060 (125 ) 46,597 (274 ) Mortgage-backed securities 127,991 (1,247 ) 1,866 (44 ) 129,857 (1,291 ) Asset-backed securities 97,817 (371 ) 6,423 (22 ) 104,240 (393 ) Commercial mortgage-backed securities 83,051 (523 ) 27,976 (544 ) 111,027 (1,067 ) Corporate bonds 147,064 (754 ) 53,024 (637 ) 200,088 (1,391 ) Foreign corporate bonds 53,320 (305 ) 20,582 (240 ) 73,902 (545 ) Total fixed maturities 623,183 (4,311 ) 139,400 (1,843 ) 762,583 (6,154 ) Common stock 32,759 (3,260 ) — — 32,759 (3,260 ) Total $ 655,942 $ (7,571 ) $ 139,400 $ (1,843 ) $ 795,342 $ (9,414 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit 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. 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 – in-house Mortgage-backed securities (“MBS”) – HPI-adjusted Asset backed securities (“ABS”) - in-depth Commercial mortgage-backed securities (“CMBS”) - re-underwritten Corporate bonds – A- Foreign bonds – The Company recorded the following other than temporary impairments (“OTTI”) on its investment portfolio for the quarters and six months ended June 30, 2018 and 2017: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Fixed maturities: OTTI losses, gross $ (371 ) $ — $ (371 ) $ (31 ) Portion of loss recognized in other comprehensive income (pre-tax) — — — — Net impairment losses on fixed maturities recognized in earnings (371 ) — (371 ) (31 ) Equity securities — (578 ) — (657 ) Total $ (371 ) $ (578 ) $ (371 ) $ (688 ) The following table is an analysis of the credit losses recognized in earnings on fixed maturities held by the Company for the quarters and six months ended June 30, 2018 and 2017 for which a portion of the OTTI loss was recognized in other comprehensive income. Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Balance at beginning of period $ 13 $ 31 $ 13 $ 31 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 — (15 ) — (15 ) Balance at end of period $ 13 $ 16 $ 13 $ 16 Accumulated Other Comprehensive Income, Net of Tax Accumulated other comprehensive income, net of tax, as of June 30, 2018 and December 31, 2017 was as follows: (Dollars in thousands) June 30, 2018 December 31, 2017 Net unrealized gains (losses)from: Fixed maturities $ (24,865 ) $ (1,707 ) Common stock — 15,314 Foreign currency fluctuations (549 ) 551 Deferred taxes 2,939 (5,175 ) Accumulated other comprehensive income, net of tax $ (22,475 ) $ 8,983 The following tables present the changes in accumulated other comprehensive income, net of tax, by component for the quarters and six months ended June 30, 2018 and 2017: Quarter Ended June 30, 2018 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ (16,710 ) $ 179 $ (16,531 ) Other comprehensive income (loss) before reclassification (5,827 ) (728 ) (6,555 ) Amounts reclassified from accumulated other comprehensive income (loss) 611 — 611 Other comprehensive income (loss) (5,216 ) (728 ) (5,944 ) Cumulative effect adjustment — — — Ending balance $ (21,926 ) $ (549 ) $ (22,475 ) Quarter Ended June 30, 2017 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 4,218 $ 114 $ 4,332 Other comprehensive income (loss) before reclassification 2,154 323 2,477 Amounts reclassified from accumulated other comprehensive income (loss) (823 ) — (823 ) Other comprehensive income (loss) 1,331 323 1,654 Ending balance $ 5,549 $ 437 $ 5,986 Six Months Ended June 30, 2018 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 8,272 $ 711 $ 8,983 Other comprehensive income (loss) before reclassification (21,016 ) (1,100 ) (22,116 ) Amounts reclassified from accumulated other comprehensive income (loss) 686 — 686 Other comprehensive income (loss) (20,330 ) (1,100 ) (21,430 ) Cumulative effect adjustment (9,868 ) (160 ) (10,028 ) Ending balance $ (21,926 ) $ (549 ) $ (22,475 ) Six Months Ended June 30, 2017 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ (554 ) $ (64 ) $ (618 ) Other comprehensive income (loss) before reclassification 7,325 508 7,833 Amounts reclassified from accumulated other comprehensive income (loss) (1,222 ) (7 ) (1,229 ) Other comprehensive income (loss) 6,103 501 6,604 Ending balance $ 5,549 $ 437 $ 5,986 The reclassifications out of accumulated other comprehensive income for the quarters and six months ended June 30, 2018 and 2017 were as follows: (Dollars in thousands) Amounts Reclassified from Details about Accumulated Other Comprehensive Income Components Affected Line Item in the Consolidated Statements of Operations 2018 2017 Unrealized gains and losses on available for sale securities Other net realized investment (gains) losses $ 361 $ (1,739 ) Other than temporary impairment losses on investments 371 578 Total before tax 732 (1,161 ) Income tax expense (benefit) (121 ) 338 Unrealized gains and losses on available for sale securities, net of tax 611 $ (823 ) Foreign currency items Other net realized investment (gains) — $ — Income tax expense — — Foreign currency items, net of tax — $ — Total reclassifications Total reclassifications, net of tax $ 611 $ (823 ) (Dollars in thousands) Amounts Reclassified from Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated 2018 2017 Unrealized gains and losses on available for sale securities Other net realized investment (gains) losses $ 454 $ (2,440 ) Other than temporary impairment losses on investments 371 688 Total before tax 825 (1,752 ) Income tax expense (benefit) (139 ) 530 Unrealized gains and losses on available for sale securities, net of tax 686 $ (1,222 ) Foreign currency items Other net realized investment (gains) — $ (11 ) Income tax expense — 4 Foreign currency items, net of tax — $ (7 ) Total reclassifications Total reclassifications, net of tax $ 686 $ (1,229 ) Net Realized Investment Gains (Losses) The components of net realized investment gains (losses) for the quarters and six months ended June 30, 2018 and 2017 were as follows: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Fixed maturities: Gross realized gains $ 20 $ 2,500 $ 44 $ 2,689 Gross realized losses (752 ) (1,976 ) (869 ) (2,059 ) Net realized gains (losses) (732 ) 524 (825 ) 630 Common stock: Gross realized gains 2,874 1,219 6,327 1,794 Gross realized losses (809 ) (582 ) (8,636 ) (661 ) Net realized gains (losses) 2,065 637 (2,309 ) 1,133 Derivatives: Gross realized gains 1,966 — 6,767 336 Gross realized losses (469 ) (1,823 ) (1,119 ) (1,986 ) Net realized gains (losses) (1) 1,497 (1,823 ) 5,648 (1,650 ) Total net realized investment gains (losses) $ 2,830 $ (662 ) $ 2,514 $ 113 Includes periodic net interest settlements related to the derivatives of $0.5 million and $0.9 million for the quarters ended June 30, 2018 and 2017, respectively, and $1.2 million and $2.0 million for the six months ended June 30, 2018 and 2017, respectively. New accounting guidance regarding equity securities was implemented on January 1, 2018 requires companies to disclose realized gains and losses for equity securities still held at period end and gains and losses from securities sold during the period. See Note 15 for additional information regarding new accounting pronouncements. The following table shows the calculation of the portion of realized gains and losses related to common stock held as of June 30, 2018: Quarter Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2018 Net gains and losses recognized during the period on equity securities $ 2,065 $ (2,309 ) Less: Net gains and losses recognized during the period on equity securities sold during the period 1,308 1,862 Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date $ 757 $ (4,171 ) The proceeds from sales and redemptions of available for sale and equity securities resulting in net realized investment gains (losses) for the six months ended June 30, 2018 and 2017 were as follows: Six Months Ended June 30, (Dollars in thousands) 2018 2017 Fixed maturities $ 114,456 $ 631,653 Equity securities 17,461 13,740 Net Investment Income The sources of net investment income for the quarters and six months ended June 30, 2018 and 2017 were as follows: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Fixed maturities $ 9,188 $ 8,334 $ 17,716 $ 15,012 Equity securities 1,005 844 2,004 1,834 Cash and cash equivalents 265 311 529 395 Other invested assets 1,240 76 3,563 1,768 Total investment income 11,698 9,565 23,812 19,009 Investment expense (744 ) (725 ) (1,454 ) (1,525 ) Net investment income $ 10,954 $ 8,840 $ 22,358 $ 17,484 The Company’s total investment return on a pre-tax Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Net investment income $ 10,954 $ 8,840 $ 22,358 $ 17,484 Net realized investment gains (losses) 2,830 (662 ) 2,514 113 Change in unrealized holding gains and losses (6,635 ) 2,073 (24,258 ) 9,090 Net realized and unrealized investment returns (3,805 ) 1,411 (21,744 ) 9,203 Total investment return $ 7,149 $ 10,251 $ 614 $ 26,687 Total investment return % (1) 0.5 % 0.6 % 0.0 % 1.7 % Average investment portfolio (2) $ 1,546,801 $ 1,626,877 $ 1,543,593 $ 1,565,015 (1) Not annualized. (2) Average of total cash and invested assets, net of receivable/payable for securities purchased and sold, as of the beginning and end of the period. Insurance Enhanced Asset-Backed and Credit Securities As of June 30, 2018, the Company held insurance enhanced commercial mortgage-backed and credit securities with a market value of approximately $34.7 million. Approximately $1.1 million of these securities were tax-free pre-refunded A summary of the Company’s insurance enhanced municipal bonds that are backed by financial guarantors, including the pre-refunded (Dollars in thousands) Financial Guarantor Total Pre-refunded Government Exposure Net of Pre-refunded & Government Securities Municipal Bond Insurance Association $ 1,133 $ — $ — $ 1,133 Total backed by financial guarantors 1,133 — — 1,133 Other credit enhanced municipal bonds — — — — Total $ 1,133 $ — $ — $ 1,133 In addition to the tax-free 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 June 30, 2018. 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 June 30, 2018 and December 31, 2017: Estimated Fair Value (Dollars in thousands) June 30, 2018 December 31, 2017 On deposit with governmental authorities $ 25,969 $ 26,852 Intercompany trusts held for the benefit of U.S. policyholders 276,687 328,494 Held in trust pursuant to third party requirements 97,650 94,098 Letter of credit held for third party requirements 2,317 3,944 Securities held as collateral for borrowing arrangements (1) 80,483 88,040 Total $ 483,106 $ 541,428 (1) Amount required to collateralize margin borrowing facility. Variable Interest Entities A Variable Interest Entity (VIE) refers to an investment in which an investor holds a controlling interest that is not based on the majority of voting rights. Under the VIE model, the party that has the power to exercise significant management influence and maintain a controlling financial interest in the entity’s economics is said to be the primary beneficiary, and is required to consolidate the entity within their results. Other entities that participate in a VIE, for which their financial interests fluctuate with changes in the fair value of the investment entity’s net assets but do not have significant management influence and the ability to direct the VIE’s significant economic activities are said to have a variable interest in the VIE but do not consolidate the VIE in their financial results. The Company has variable interests in three VIE’s for which it is not the primary beneficiary. These investments are accounted for under the equity method of accounting as their ownership interest exceeds 3% of their respective investments. The fair value of one of the Company’s VIE’s, which invests in distressed securities and assets, was $20.1 million and $26.3 million as of June 30, 2018 and December 31, 2017, respectively. The Company’s maximum exposure to loss from this VIE, which factors in future funding commitments, was $34.3 million and $40.5 million at June 30, 2018 and December 31, 2017, respectively. The fair value of a second VIE that provides financing for middle market companies, was $37.2 million and $33.8 million at June 30, 2018 and December 31, 2017, respectively. The Company’s maximum exposure to loss from this VIE, which factors in future funding commitments, was $42.4 million and $43.8 million at June 30, 2018 and December 31, 2017, respectively. The fair value of a third VIE that also invests in distressed securities and assets, was $26.2 million and $17.8 million as of June 30, 2018 and December 31, 2017, respectively. The Company’s maximum exposure to loss from this VIE, which factors in future funding commitments, was $51.9 million and $51.3 million at June 30, 2018 and December 31, 2017, respectively. The Company’s investment in VIEs is included in other invested assets on the consolidated balance sheet with changes in fair value recorded in the consolidated statements of operations.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2018
Derivative Instruments	3. 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 The following table summarizes information on the location and the gross amount of the derivatives’ fair value on the consolidated balance sheets as of June 30, 2018 and December 31, 2017: (Dollars in thousands) June 30, 2018 December 31, 2017 Derivatives Not Designated as Hedging Instruments under ASC 815 Balance Sheet Notional Fair Value Notional Fair Value Interest rate swap agreements Other liabilities $ 200,000 $ (1,201 ) $ 200,000 $ (7,968 ) The following table summarizes the net gains (losses) included in the consolidated statements of operations for changes in the fair value of the derivatives and the periodic net interest settlements under the derivatives for the quarters and six months ended June 30, 2018 and 2017: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) Consolidated Statements of Operations Line 2018 2017 2018 2017 Interest rate swap agreements Net realized investment gains (losses) $ 1,497 $ (1,823 ) $ 5,648 $ (1,650 ) As of June 30, 2018 and December 31, 2017, the Company is due $2.9 million and $3.1 million, respectively, for funds it needed to post to execute the swap transaction and $2.0 million and $9.5 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	6 Months Ended
	Jun. 30, 2018
Fair Value Measurements	4. 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. The following table presents information about the Company’s invested assets and derivative instruments measured at fair value on a recurring basis as of June 30, 2018 and December 31, 2017 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. As of June 30, 2018 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 92,725 $ — $ — $ 92,725 Obligations of states and political subdivisions — 102,191 — 102,191 Mortgage-backed securities — 181,897 — 181,897 Commercial mortgage-backed securities — 153,609 — 153,609 Asset-backed securities — 208,054 — 208,054 Corporate bonds — 425,753 — 425,753 Foreign corporate bonds — 119,641 — 119,641 Total fixed maturities 92,725 1,191,145 — 1,283,870 Common stock 137,789 — — 137,789 Total assets measured at fair value (1) $ 230,514 $ 1,191,145 $ — $ 1,421,659 Liabilities: Derivative instruments $ — $ 1,201 $ — $ 1,201 Total liabilities measured at fair value $ — $ 1,201 $ — $ 1,201 (1) Excluded from the table above are limited partnerships of $83.5 million at June 30, 2018 whose fair value is based on net asset value as a practical expedient. As of December 31, 2017 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 104,680 $ — $ — $ 104,680 Obligations of states and political subdivisions — 95,114 — 95,114 Mortgage-backed securities — 149,350 — 149,350 Commercial mortgage-backed securities — 139,795 — 139,795 Asset-backed securities — 203,701 — 203,701 Corporate bonds — 423,390 — 423,390 Foreign corporate bonds — 125,407 — 125,407 Total fixed maturities 104,680 1,136,757 — 1,241,437 Common stock 140,229 — — 140,229 Total assets measured at fair value (1) $ 244,909 $ 1,136,757 $ — $ 1,381,666 Liabilities: Derivative instruments $ — $ 7,968 $ — $ 7,968 Total liabilities measured at fair value $ — $ 7,968 $ — $ 7,968 (1) Excluded from the table above are limited partnerships of $77.8 million at December 31, 2017 whose fair value is based on net asset value as a practical expedient. 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 derivative instruments, consisting of interest rate swaps, is obtained from a third party financial institution that 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 June 30, 2018 and December 31, 2017 was as follows: June 30, 2018 December 31, 2017 (Dollars in thousands) Carrying Value Fair Value Carrying Value Fair Value Margin Borrowing Facility $ 64,709 $ 64,709 $ 72,230 $ 72,230 7.75% Subordinated Notes due 2045 (1) 96,680 99,320 96,619 100,059 7.875% Subordinated Notes due 2047 (2) 125,935 129,782 125,864 130,429 Total $ 287,324 $ 293,811 $ 294,713 $ 302,718 (1) As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.3 million. (2) As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.875% Subordinated Notes due 2047 are net of unamortized debt issuance cost of $4.1 million. The fair value of the margin borrowing facility approximates its carrying value due to the facility being due on demand. The subordinated notes due 2045 and 2047 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 quarters ended June 30, 2018 and 2017. 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. The following table provides the fair value and future funding commitments related to these investments at June 30, 2018 and December 31, 2017. June 30, 2018 December 31, 2017 (Dollars in thousands) Fair Value Future Funding Fair Value Future Funding Real Estate Fund, LP (1) $ — $ — $ — $ — European Non-Performing 20,069 14,214 26,262 14,214 Private Middle Market Loan Fund, LP (3) 37,244 5,200 33,760 10,000 Distressed Debt Fund, LP (4) 26,186 25,750 17,798 33,500 Total $ 83,499 $ 45,164 $ 77,820 $ 57,714 (1) 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. (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 (3) This limited partnership provides financing for 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 investment management agreement, the Company anticipates its interest to be redeemed no later than 2024. (4) This limited partnership invests in stressed and distressed securities and structured products. 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 to be redeemed no later than 2027. Limited Liability Companies and Limited Partnerships with ownership interest exceeding 3% The Company uses the equity method to account for investments in limited liability companies and limited partnerships where its ownership interest exceeds 3%. The equity method of accounting for an investment in a limited liability company and limited partnership requires that its cost basis be updated to account for the income or loss earned on the investment. The investment income associated with these limited liability companies or limited partnerships, which is reflected in the consolidated statements of operations, was $1.2 million and $0.1 million for the quarters ended June 30, 2018 and 2017, respectively, and $3.6 million and $1.8 million during the six months ended June 30, 2018 and 2017, respectively. 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 primary vendors are utilized to 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 terms and conditions sourced from commercial vendors. Bonds with similar characteristics are grouped into specific sectors. Both asset classes use standard inputs and utilize bid price or spread, quotes, benchmark yields, discount rates, market data feeds, and financial statements. • 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 benchmark 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, an integrated evaluation system is used. The pricing models incorporate trades, spreads, benchmark curves, market data feeds, new issue data, and trustee reports. • 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, various external analytical products are utilized and purchased from commercial vendors. 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 provides 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 may 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 the quarters and six months ended June 30, 2018 and 2017, the Company has not adjusted quotes or prices obtained from the pricing vendors.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Taxes	5. Income Taxes As of June 30, 2018, the statutory income tax rates of the countries where the Company conducts business are 21% in the United States, 0% in Bermuda, 0% in the Cayman Islands, 26.01% for companies with a registered office in Luxembourg City, 0.25% to 2.5% in Barbados, and 25% on non-trading pre-tax pre-tax The Company’s income before income taxes from its non-U.S. Quarter Ended June 30, 2018: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 20,300 $ 138,517 $ — $ 158,817 Net premiums written $ 20,300 $ 116,154 $ — $ 136,454 Net premiums earned $ 37,111 $ 76,806 $ — $ 113,917 Net investment income 12,293 7,036 (8,375 ) 10,954 Net realized investment gains (losses) (159 ) 2,989 — 2,830 Other income (loss) (147 ) 471 — 324 Total revenues 49,098 87,302 (8,375 ) 128,025 Losses and Expenses: Net losses and loss adjustment expenses 12,768 46,093 — 58,861 Acquisition costs and other underwriting expenses 16,147 31,366 — 47,513 Corporate and other operating expenses 4,915 6,003 — 10,918 Interest expense 1,552 11,763 (8,375 ) 4,940 Income (loss) before income taxes $ 13,716 $ (7,923 ) $ — 5,793 Quarter Ended June 30, 2017: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 60,061 $ 126,319 $ (42,486 ) $ 143,894 Net premiums written $ 60,060 $ 63,737 $ — $ 123,797 Net premiums earned $ 49,059 $ 58,014 $ — $ 107,073 Net investment income 14,560 5,243 (10,963 ) 8,840 Net realized investment gains (losses) 196 (858 ) — (662 ) Other income 86 1,696 — 1,782 Total revenues 63,901 64,095 (10,963 ) 117,033 Losses and Expenses: Net losses and loss adjustment expenses 22,876 34,824 — 57,700 Acquisition costs and other underwriting expenses 20,934 22,523 — 43,457 Corporate and other operating expenses 1,123 2,238 — 3,361 Interest expense 4,650 11,075 (10,963 ) 4,762 Income (loss) before income taxes $ 14,318 $ (6,565 ) $ — $ 7,753 Six Months Ended June 30, 2018: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 30,615 $ 252,449 $ — $ 283,064 Net premiums written $ 30,614 $ 213,710 $ — $ 244,324 Net premiums earned $ 85,133 $ 136,786 $ — $ 221,919 Net investment income 27,514 14,224 (19,380 ) 22,358 Net realized investment gains (losses) (164 ) 2,678 — 2,514 Other income (loss) (97 ) 975 — 878 Total revenues 112,386 154,663 (19,380 ) 247,669 Losses and Expenses: Net losses and loss adjustment expenses 33,333 81,600 — 114,933 Acquisition costs and other underwriting expenses 37,287 55,229 — 92,516 Corporate and other operating expenses 9,313 10,865 — 20,178 Interest expense 6,393 22,788 (19,380 ) 9,801 Income (loss) before income taxes $ 26,060 $ (15,819 ) $ — $ 10,241 Six Months Ended June 30, 2017: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 114,163 $ 234,255 $ (80,773 ) $ 267,645 Net premiums written $ 114,147 $ 121,156 $ — $ 235,303 Net premiums earned $ 99,992 $ 120,207 $ — $ 220,199 Net investment income 26,888 10,202 (19,606 ) 17,484 Net realized investment gains (losses) 237 (124 ) — 113 Other income 173 2,977 — 3,150 Total revenues 127,290 133,262 (19,606 ) 240,946 Losses and Expenses: Net losses and loss adjustment expenses 43,736 76,525 — 120,261 Acquisition costs and other underwriting expenses 43,622 46,386 — 90,008 Corporate and other operating expenses 2,330 4,085 — 6,415 Interest expense 6,974 19,861 (19,606 ) 7,229 Income (loss) before income taxes $ 30,628 $ (13,595 ) $ — $ 17,033 For the quarter and six months ended June 30, 2017, the Company’s income before income taxes from its non-U.S. The following table summarizes the components of income tax benefit: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Current income tax expense: Foreign $ 85 $ 87 $ 264 $ 183 U.S. Federal 166 — 732 — Total current income tax expense 251 87 996 183 Deferred income tax benefit: U.S. Federal (1,650 ) (2,423 ) (3,648 ) (5,521 ) Total deferred income tax benefit (1,650 ) (2,423 ) (3,648 ) (5,521 ) Total income tax benefit $ (1,399 ) $ (2,336 ) $ (2,652 ) $ (5,338 ) The weighted average expected tax provision has been calculated using income 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: Quarters Ended June 30, 2018 2017 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average rate $ (1,497 ) (25.8 %) $ (2,210 ) (28.5 %) Adjustments: Tax exempt interest (4 ) (0.1 ) (67 ) (0.9 ) Dividend exclusion (70 ) (1.2 ) (73 ) (0.9 ) Base Erosion Anti-Abuse Tax 165 2.9 — — Other 7 0.1 14 0.2 Actual tax on continuing operations $ (1,399 ) (24.1 %) $ (2,336 ) (30.1 %) The effective income tax benefit rate for the quarter ended June 30, 2018 was 24.1%, compared with an effective income tax benefit rate of 30.1% for the quarter ended June 30, 2017. The decrease in the effective income tax benefit rate in the quarter ended June 30, 2018 compared to the quarter ended June 30, 2017 is due to the change in the U.S. statutory tax rate from 35% to 21% effective January 1, 2018 and the Base Erosion Anti-Abuse Tax (“BEAT”) that became effective upon the passage of the Tax Cuts and Jobs Act (“TCJA”). Taxes were computed using a discrete period computation because a reliable estimate of an effective tax rate could not be made. Six Months Ended June 30, 2018 2017 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average rate $ (3,033 ) (29.6 %) $ (4,574 ) (26.9 %) Adjustments: Tax exempt interest (5 ) 0.0 (151 ) (0.9 ) Dividend exclusion (135 ) (1.3 ) (266 ) (1.6 ) Base Erosion Anti-Abuse Tax 731 7.1 — — Other (210 ) (2.1 ) (347 ) (1.9 ) Actual tax on continuing operations $ (2,652 ) (25.9 %) $ (5,338 ) (31.3 %) The effective income tax benefit rate for the six months ended June 30, 2018 was 25.9%, compared with an effective income tax benefit rate of 31.3% for the six months ended June 30, 2017. The decrease in the effective income tax benefit rate in the six months ended June 30, 2018 compared to the six months ended June 30, 2017 is due to the change in the U.S. statutory tax rate from 35% to 21% effective January 1, 2018 and the BEAT that became effective upon the passage of the TCJA. Taxes were computed using a discrete period computation because a reliable estimate of an effective tax rate could not be made. Financial results for the quarter and six months ended June 30, 2018 reflect provisional tax estimates related to the TCJA. These provisional estimates are based on the Company’s initial analysis and current interpretation of the legislation. Given the complexity of the legislation, anticipated guidance from the U.S. Treasury, and the potential for additional guidance from the Securities and Exchange Commission (“SEC”) or the Financial Accounting Standards Board (“FASB”), these estimates may be adjusted during 2018. During the quarter and six months ended June 30, 2018, there were no adjustments to provisional tax estimates recorded in prior periods. The Company had an alternative minimum tax (“AMT”) credit carryforward of $11.0 million as of December 31, 2017. The TCJA repealed the corporate AMT. The AMT credit carryforward of $11.0 million was reclassed to federal income taxes receivable at December 31, 2017 and will be fully refunded by the end of 2021. The Company has a net operating loss (“NOL”) carryforward of $16.6 million as of June 30, 2018, which begins to expire in 2035 based on when the original NOL was generated. The Company’s NOL carryforward as of December 31, 2017 was $16.3 million. The Company has a Section 163(j) (“163(j)”) carryforward of $9.6 million and $7.9 million as of June 30, 2018 and December 31, 2017, respectively, which can be carried forward indefinitely. The 163(j) carryforward is for disqualified interest paid or accrued.

Liability for Unpaid Losses and

Liability for Unpaid Losses and Loss Adjustment Expenses	6 Months Ended
	Jun. 30, 2018
Liability for Unpaid Losses and Loss Adjustment Expenses	6. Liability for Unpaid Losses and Loss Adjustment Expenses Activity in the liability for unpaid losses and loss adjustment expenses is summarized as follows: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Balance at beginning of period $ 615,125 $ 622,088 $ 634,664 $ 651,042 Less: Ceded reinsurance receivables 92,314 102,646 97,243 130,439 Net balance at beginning of period 522,811 519,442 537,421 520,603 Purchased reserves, gross — 6,465 — 8,961 Purchased reserves ceded — (39 ) — 510 Purchased reserves, net of third party reinsurance — 6,426 — 9,471 Incurred losses and loss adjustment expenses related to: Current year 68,448 73,003 130,447 145,694 Prior years (9,587 ) (15,303 ) (15,514 ) (25,433 ) Total incurred losses and loss adjustment expenses 58,861 57,700 114,933 120,261 Paid losses and loss adjustment expenses related to: Current year 33,120 42,975 50,574 67,363 Prior years 26,279 29,075 79,507 71,454 Total paid losses and loss adjustment expenses 59,399 72,050 130,081 138,817 Net balance at end of period 522,273 511,518 522,273 511,518 Plus: Ceded reinsurance receivables 91,397 104,245 91,397 104,245 Balance at end of period $ 613,670 $ 615,763 $ 613,670 $ 615,763 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 the second quarter of 2018, the Company reduced its prior accident year loss reserves by $9.6 million, which consisted of a $5.2 million decrease related to Commercial Lines, $2.1 million decrease related to Personal Lines, and a $2.3 million decrease related to Reinsurance Operations. The $5.2 million reduction of prior accident year loss reserves related to Commercial Lines primarily consisted of the following: • General Liability: • Commercial Auto Liability: • Professional Liability: • Property: The $2.1 million reduction of prior accident year loss reserves related to Personal Lines primarily consisted of the following: • Property: • General Liability: The $2.3 million reduction of prior accident year loss reserves related to Reinsurance Operations was from the property lines for accident years 2011 through 2016 partially offset by an increase in the 2017 accident year. The accident year changes were based on a review of the experience reported from cedants. In the second quarter of 2017, the Company reduced its prior accident year loss reserves by $15.3 million, which consisted of a $13.7 million decrease related to Commercial Lines and a $1.6 million decrease related to Reinsurance Operations. The $13.7 million reduction of prior accident year loss reserves related to Commercial Lines primarily consisted of the following: • General Liability: • Professional Liability: • Property: The $1.6 million reduction of prior accident year loss reserves related to Reinsurance Operations was from the property lines. Ultimate losses were lowered primarily in the 2013 through 2015 accident years based on a review of the experience reported from cedants. During the first six months of 2018, the Company reduced its prior accident year loss reserves by $15.5 million, which consisted of a $7.9 million decrease related to Commercial Lines, $3.1 million decrease related to Personal Lines, and a $4.5 million decrease related to Reinsurance Operations. The $7.9 million reduction of prior accident year loss reserves related to Commercial Lines primarily consisted of the following: • General Liability: • Commercial Auto Liability: • Professional Liability: • Property: The $3.1 million reduction of prior accident year loss reserves related to Personal Lines primarily consisted of the following: • Property: • General Liability: The $4.5 million reduction of prior accident year loss reserves related to Reinsurance Operations was from the property lines for accident years 2011, 2012, 2015 and 2016, partially offset by increases in the 2013, 2014 and 2017 accident years. Ultimate losses were adjusted in these accident years based on a review of the experience reported from cedants. During the first six months of 2017, the Company reduced its prior accident year loss reserves by $25.4 million, which consisted of an $18.9 million decrease related to Commercial Lines, a $3.2 million decrease related to Personal Lines, and a $3.3 million decrease related to Reinsurance Operations. The $18.9 million reduction of prior accident year loss reserves related to Commercial Lines primarily consisted of the following: • General Liability: • Professional Liability: • Property: The $3.2 million reduction of prior accident year loss reserves related to Personal Lines primarily consisted of the following: • Property: • General Liability: The $3.3 million reduction of prior accident year loss reserve related to Reinsurance Operations was from the property lines. Ultimate losses were lowered in the 2013 through 2015 accident years based on a review of the experience reported from cedants. Loss indemnification related to Purchase of American Reliable On March 8, 2018, the Company settled its final reserve calculation which resulted in $41.5 million being due to Global Indemnity Group, Inc. in accordance with the Stock Purchase Agreement between Global Indemnity Group, Inc. and American Bankers Insurance Group, Inc. for the purchase of American Reliable. The settlement is comprised of (i) receipt of $38.8 million for loss and loss adjustment expenses paid on or after January 1, 2015 or payable as of December 31, 2017 with respect to losses incurred prior to January 1, 2015, (ii) receipt of $6.2 million for accrued interest and (iii) payment of $3.5 million for the difference between the agreed upon purchase price and actual settlement on January 1, 2015. These amounts, which were included in other assets on the consolidated balance sheets as of December 31, 2017, were received on March 9, 2018.

Debt

Debt	6 Months Ended
	Jun. 30, 2018
Debt	7. Debt The Company’s outstanding debt consisted of the following at June 30, 2018 and December 31, 2017: (Dollars in thousands) June 30, 2018 December 31, 2017 Margin Borrowing Facility $ 64,709 $ 72,230 7.75% Subordinated Notes due 2045 96,680 96,619 7.875% Subordinated Notes due 2047 125,935 125,864 Total $ 287,324 $ 294,713 On April 25, 2018, Global Indemnity Group, Inc. (“GIGI”), an indirect wholly owned subsidiary of the Company, became a subordinated co-obligor co-obligor Please see Note 12 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2017 Annual Report on Form 10-K

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2018
Shareholders' Equity	8. Shareholders’ Equity There were no A ordinary shares that were surrendered or repurchased during the quarter ended June 30, 2018. The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the quarter ended June 30, 2017: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Plan or Program Approximate Dollar May 1 - 31, 2017 586 (2) $ 38.49 — — Total 586 $ 38.49 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the six months ended June 30, 2018: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Plan or Program Approximate Dollar January 1-31, 26,639 (2) $ 42.02 — — March 1-31, 18,594 (2) $ 37.27 — — Total 45,233 $ 40.07 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the six months ended June 30, 2017: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Plan or Program Approximate Dollar January 1-31, 13,656 (2) $ 38.21 — — February 1-28, 15,309 (2) $ 40.18 — — May 1-31, 2017 586 (2) $ 38.49 — — Total 29,551 $ 39.24 — (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 or repurchased during the quarters or six months ended June 30, 2018 or 2017. Please see Note 13 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2017 Annual Report on Form 10-K Dividends On March 4, 2018, the Company’s Board of Directors approved a dividend payment of $0.25 per ordinary share to all shareholders of record on the close of business on March 21, 2018. On March 29, 2018, dividends totaling $3.5 million were paid to shareholders. On June 3, 2018, the Company’s Board of Directors approved a dividend payment of $0.25 per ordinary share to all shareholders of record on the close of business on June 22, 2018. On June 29, 2018, dividends totaling $3.5 million were paid to shareholders. As of June 30, 2018, accrued dividends on unvested shares, which were included in other liabilities on the consolidated balance sheets, were $0.1 million. Please see Note 13 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2017 Annual Report on Form 10-K

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2018
Related Party Transactions	9. Related Party Transactions Fox Paine & Company (“Fox Paine”) As of June 30, 2018, Fox Paine beneficially owned shares having approximately 82% of the Company’s total outstanding voting power. Fox Paine 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 for so long as Fox Paine holds an aggregate of 25% or more of the voting power in the Company. Fox Paine 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. The Company relies on Fox Paine to provide management services and other services related to the operations of the Company, and Fox Paine may propose and negotiate transaction fees with the Company, subject to the provisions of the Company’s related party transaction policies including approval of the Company’s Audit Committee of the Board of Directors, for those services from time to time. The Company incurred management fees of $0.5 million in each of the quarters ended June 30, 2018 and 2017 and $1.0 million and $1.1 million in the six months ended June 30, 2018 and 2017, respectively, as part of the annual management fee paid to Fox Paine. As of June 30, 2018 and December 31, 2017, unpaid management fees, which were included in other liabilities on the consolidated balance sheets, were $7.8 million and $6.8 million, respectively. Fox Paine also performed advisory services for the Company in relation to a transaction whereby one of the Company’s indirect wholly owned subsidiaries became a co-obligor

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies	10. Commitments and Contingencies 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. Commitments In 2014, the Company entered into a $50 million commitment to purchase an alternative investment vehicle which is comprised of European non-performing In 2016, the Company entered into a $40 million commitment with an investment manager that provides financing for middle market companies. As of June 30, 2018, the Company has completely funded the $40.0 million commitment. Of this amount, $5.2 million is still recallable. In 2017, the Company entered into a $50 million commitment to purchase an alternative investment vehicle comprised of stressed and distressed securities and structured products. As of June 30, 2018, the Company has funded $24.2 million of this commitment leaving $25.8 million as unfunded.

Share-Based Compensation Plans

Share-Based Compensation Plans	6 Months Ended
	Jun. 30, 2018
Share-Based Compensation Plans	11. Share-Based Compensation Plans On June 13, 2018, the Company’s Shareholders approved the Global Indemnity Limited 2018 Share Incentive Plan (“the 2018 Plan”). The purpose of the 2018 Plan is to provide the Company a competitive advantage in attracting, retaining, and motivating officers, employees, consultants and non-employee 2018 Plan, the Company may issue up to 2.5 million A ordinary shares pursuant to awards granted under the Plan. The 2018 Plan will replace the Global Indemnity Limited Share Incentive Plan, effective since February 2014, which was set to expire pursuant to its terms on February 9, 2019. Options No stock options were awarded during the quarters ended June 30, 2018 or 2017. No unvested stock options were forfeited during the quarters ended June 30, 2018 or 2017. On March 6, 2018, the Company entered into a Chief Executive Agreement (the “Employment Agreement”) with Cynthia Y. Valko, the Company’s Chief Executive Officer. In accordance with the Employment Agreement, the vesting schedule on the 300,000 stock options issued in 2014 (“Tranche 2 Options”) was modified. The Tranche 2 Options will now vest on each December 31 of 2018, 2019 and 2020 in an amount based on Ms. Valko’s attainment of Return on Equity criteria specified in the Employment Agreement. As a result of applying modification accounting, stock based compensation was increased by $0.4 million and $0.01 million during the quarter and six months ended June 30, 2018, respectively. Under the terms of the Employment Agreement, Ms. Valko was also granted an additional 300,000 Time-Based Options (“Tranche 3 Options”) with an exercise price of $50 per share. Tranche 3 Options vest 1/3 on December 31 of 2018, 2019 and 2020, if Ms. Valko remains employed and in good standing as of such date. Tranche 3 Options expire on the earlier of December 31, 2027 and 90 calendar days after Ms. Valko is neither employed by Global Indemnity nor a member of the Board of Directors. Other than the Tranche 3 Options granted to Ms. Valko, no additional stock options were awarded during the six months ended June 30, 2018. No stock options were awarded during the six months ended June 30, 2017. No unvested stock options were forfeited during the six months ended June 30, 2018 or 2017. Restricted Shares No restricted shares were issued to employees during the quarters ended June 30, 2018 and 2017. During the six months ended June 30, 2018, the Company granted 38,778 A ordinary shares, with a weighted average grant date value of $40.57 per share, to key employees under the Plan. 11,843 of these shares vested immediately. The remainder will vest as follows • 16.5%, 16.5%, and 17.0% of the granted stock vest on January 1, 2019, January 1, 2020, and January 1, 2021, respectively. • Subject to Board approval, 50% of granted stock vests 100%, no later than March 15, 2021, following a re-measurement During the six months ended June 30, 2017, the Company granted 22,503 A ordinary shares, with a weighted average grant date value of $38.21 per share, to key employees under the Plan. These shares will vest as follows: • 16.5%, 16.5%, and 17.0% of the granted stock vest on January 1, 2018, January 1, 2019, and January 1, 2020, respectively. • Subject to Board approval, 50% of granted stock vests 100%, no later than March 15, 2020, following a re-measurement During the quarters ended June 30, 2018 and 2017, the Company granted 7,792 and 6,768 A ordinary shares, respectively, at a weighted average grant date value of $38.98 and $38.77 per share, respectively, to non-employee non-employee non-employee

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2018
Earnings Per Share	12. 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: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands, except share and per share data) 2018 2017 2018 2017 Net income $ 7,192 $ 10,089 $ 12,893 $ 22,371 Basic earnings per share: Weighted average shares outstanding – basic 14,092,397 17,335,914 14,073,813 17,326,019 Net income per share $ 0.51 $ 0.58 $ 0.92 $ 1.29 Diluted earnings per share: Weighted average shares outstanding – diluted 14,334,600 17,690,879 14,308,264 17,670,636 Net income per share $ 0.50 $ 0.57 $ 0.90 $ 1.27 A reconciliation of weighted average shares for basic earnings per share to weighted average shares for diluted earnings per share is as follows: Quarters Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Weighted average shares for basic earnings per share 14,092,397 17,335,914 14,073,813 17,326,019 Non-vested 76,775 153,471 70,244 146,992 Options 165,428 201,494 164,207 197,625 Weighted average shares for diluted earnings per share 14,334,600 17,690,879 14,308,264 17,670,636 The weighted average shares outstanding used to determine dilutive earnings per share for the quarter and six months ended June 30, 2018 does not include 600,000 shares which were deemed to be anti-dilutive. There were no anti-dilutive shares for the quarter or six months ended June 30, 2017.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2018
Segment Information	13. Segment Information The Company manages its business through three business segments. Commercial Lines offers specialty property and casualty products designed for product lines such as Small Business Binding Authority, Property Brokerage, and Programs. Personal Lines offers specialty personal lines and agricultural coverage. Reinsurance Operations provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. The following are tabulations of business segment information for the quarters and six months ended June 30, 2018 and 2017. Quarter Ended June 30, 2018: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 69,973 $ 68,545 (6) $ 20,299 $ 158,817 Net premiums written $ 61,350 $ 54,807 $ 20,297 $ 136,454 Net premiums earned $ 52,252 $ 49,880 $ 11,785 $ 113,917 Other income (loss) — 472 (148 ) 324 Total revenues 52,252 50,352 11,637 114,241 Losses and Expenses: Net losses and loss adjustment expenses 25,095 30,009 3,757 58,861 Acquisition costs and other underwriting expenses 21,051 (3) 22,227 (4) 4,235 47,513 Income (loss) from segments $ 6,106 $ (1,884 ) $ 3,645 $ 7,867 Unallocated Items: Net investment income 10,954 Net realized investment gain 2,830 Corporate and other operating expenses (10,918 ) Interest expense (4,940 ) Income before income taxes 5,793 Income tax benefit 1,399 Net income 7,192 Total assets $ 896,698 $ 523,813 $ 561,308 (5) $ 1,981,819 (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 $116 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $137 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes ($989) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Quarter Ended June 30, 2017: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 56,752 $ 69,572 (6) $ 17,570 $ 143,894 Net premiums written $ 49,439 $ 56,789 $ 17,569 $ 123,797 Net premiums earned $ 43,519 $ 53,171 $ 10,383 $ 107,073 Other income 78 1,618 86 1,782 Total revenues 43,597 54,789 10,469 108,855 Losses and Expenses: Net losses and loss adjustment expenses 14,169 39,161 4,370 57,700 Acquisition costs and other underwriting expenses 18,142 (3) 22,058 (4) 3,257 43,457 Income (loss) from segments $ 11,286 $ (6,430 ) $ 2,842 $ 7,698 Unallocated Items: Net investment income 8,840 Net realized investment losses (662 ) Corporate and other operating expenses (3,361 ) Interest expense (4,762 ) Income before income taxes benefit 7,753 Income tax benefit 2,336 Net income 10,089 Total assets $ 880,084 $ 494,079 $ 730,191 (5) $ 2,104,354 (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 $119 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $266 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes $191 of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Six Months Ended June 30, 2018: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 123,746 $ 128,710 (6) $ 30,608 $ 283,064 Net premiums written $ 109,656 $ 104,062 $ 30,606 $ 244,324 Net premiums earned $ 99,614 $ 100,492 $ 21,813 $ 221,919 Other income (loss) — 975 (97 ) 878 Total revenues 99,614 101,467 21,716 222,797 Losses and Expenses: Net losses and loss adjustment expenses 50,124 57,630 7,179 114,933 Acquisition costs and other underwriting expenses 40,256 (3) 44,406 (4) 7,854 92,516 Income (loss) from segments $ 9,234 $ (569 ) $ 6,683 $ 15,348 Unallocated Items: Net investment income 22,358 Net realized investment gain 2,514 Corporate and other operating expenses (20,178 ) Interest expense (9,801 ) Income before income taxes 10,241 Income tax benefit 2,652 Net income 12,893 Total assets $ 896,698 $ 523,813 $ 561,308 (5) $ 1,981,819 (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 $290 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $343 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes ($1,856) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Six Months Ended June 30, 2017: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 102,663 $ 131,589 (6) $ 33,393 $ 267,645 Net premiums written $ 90,554 $ 111,372 $ 33,377 $ 235,303 Net premiums earned $ 88,511 $ 111,834 $ 19,854 $ 220,199 Other income 78 2,899 173 3,150 Total revenues 88,589 114,733 20,027 223,349 Losses and Expenses: Net losses and loss adjustment expenses 34,593 77,876 7,792 120,261 Acquisition costs and other underwriting expenses 37,161 (3) 46,592 (4) 6,255 90,008 Income (loss) from segments $ 16,835 $ (9,735 ) $ 5,980 $ 13,080 Unallocated Items: Net investment income 17,484 Net realized investment gain 113 Corporate and other operating expenses (6,415 ) Interest expense (7,229 ) Income before income taxes 17,033 Income tax benefit 5,338 Net income 22,371 Total assets $ 880,084 $ 494,079 $ 730,191 (5) $ 2,104,354 (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 $239 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $559 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes $1,242 of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.

Condensed Consolidating Financi

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries	6 Months Ended
	Jun. 30, 2018
Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries	14. Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries The following tables present condensed consolidating balance sheets at June 30, 2018 and December 31, 2017, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the quarters and six months ended June 30, 2018 and 2017, and condensed consolidating statements of cash flows for the six months ended June 30, 2018 and 2017. GIGI is a 100% owned subsidiary of the Company. See Note 7 for information on the Company’s debt obligations. Condensed Consolidating Balance Sheets at June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global ASSETS Total investments $ 17,712 $ 313,031 $ 1,174,415 $ — $ 1,505,158 Cash and cash equivalents 1,385 1,461 44,292 — 47,138 Investments in subsidiaries 1,218,698 323,017 39,581 (1,581,296 ) — Due from subsidiaries and affiliates 4,507 (8,334 ) 3,827 — — Notes receivable – affiliate — 80,049 845,498 (925,547 ) — Interest receivable – affiliate — 3,285 29,114 (32,399 ) — Premiums receivable, net — — 92,567 — 92,567 Reinsurance receivables, net — — 96,568 — 96,568 Funds held by ceding insurers — — 52,110 — 52,110 Federal income taxes receivable — 9,687 304 — 9,991 Deferred federal income taxes — 26,913 5,930 — 32,843 Deferred acquisition costs — — 65,504 — 65,504 Intangible assets — — 22,285 — 22,285 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 25,237 — 25,237 Receivable for securities sold — — — — — Other assets 8,057 8,009 17,216 (7,385 ) 25,897 Total assets $ 1,250,359 $ 757,118 $ 2,520,969 $ (2,546,627 ) $ 1,981,819 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 613,670 $ — $ 613,670 Unearned premiums — — 304,188 — 304,188 Ceded balances payable — — 21,848 — 21,848 Payable for securities purchased — (3,041 ) 3,594 — 553 Contingent commissions — — 6,496 — 6,496 Debt — 294,709 — (7,385 ) 287,324 Notes payable – affiliates 520,498 400,000 5,049 (925,547 ) Accrued interest payable – affiliates 17,335 13,594 1,470 (32,399 ) Other liabilities 10,109 12,276 22,926 12 45,323 Total liabilities 547,942 717,538 979,241 (965,319 ) 1,279,402 Shareholders’ equity Total shareholders’ equity 702,417 39,580 1,541,728 (1,581,308 ) 702,417 Total liabilities and shareholders’ equity $ 1,250,359 $ 757,118 $ 2,520,969 $ (2,546,627 ) $ 1,981,819 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Balance Sheets at December 31, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global ASSETS Total investments $ 13,118 $ 309,891 $ 1,136,477 $ — $ 1,459,486 Cash and cash equivalents 11,089 7,749 55,576 — 74,414 Investments in subsidiaries 1,207,590 321,194 62,950 (1,591,734 ) — Due from subsidiaries and affiliates 4,618 (6,513 ) 1,895 — — Notes receivable – affiliate — 80,049 845,498 (925,547 ) — Interest receivable – affiliate — 2,721 30,642 (33,363 ) — Premiums receivable, net — — 84,386 — 84,386 Reinsurance receivables, net — — 105,060 — 105,060 Funds held by ceding insurers — — 45,300 — 45,300 Federal income taxes receivable — 7,560 2,489 283 10,332 Deferred federal income taxes — 21,533 4,833 (170 ) 26,196 Deferred acquisition costs — — 61,647 — 61,647 Intangible assets — — 22,549 — 22,549 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 28,851 — 28,851 Receivable for securities sold — (403 ) 1,946 — 1,543 Other assets 20,681 52,806 21,897 (20,000 ) 75,384 Total assets $ 1,257,096 $ 796,587 $ 2,518,517 $ (2,570,531 ) $ 2,001,669 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 634,664 $ — $ 634,664 Unearned premiums — — 285,397 — 285,397 Ceded balances payable — — 10,851 — 10,851 Payable for securities purchased — — — — — Contingent commissions — — 7,984 — 7,984 Debt 222,483 72,230 — — 294,713 Notes payable – affiliates 290,498 630,000 5,049 (925,547 ) — Accrued interest payable – affiliates 12,465 19,574 1,324 (33,363 ) — Other liabilities 13,256 11,832 44,578 (20,000 ) 49,666 Total liabilities 538,702 733,636 989,847 (978,910 ) 1,283,275 Shareholders’ equity Total shareholders’ equity 718,394 62,951 1,528,670 (1,591,621 ) 718,394 Total liabilities and shareholders’ equity $ 1,257,096 $ 796,587 $ 2,518,517 $ (2,570,531 ) $ 2,001,669 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Operations for the Quarter Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Revenues: Net premiums earned $ — $ — $ 113,917 $ — $ 113,917 Net investment income 205 2,711 20,316 (12,278 ) 10,954 Net realized investment gains (losses) (20 ) 3,066 (216 ) — 2,830 Other income — 14 310 — 324 Total revenues 185 5,791 134,327 (12,278 ) 128,025 Losses and Expenses: Net losses and loss adjustment expenses — — 58,861 — 58,861 Acquisition costs and other underwriting expenses — — 47,513 — 47,513 Corporate and other operating expenses 4,719 5,927 272 — 10,918 Interest expense 5,379 11,718 121 (12,278 ) 4,940 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (9,913 ) (11,854 ) 27,560 — 5,793 Equity in net income (loss) of subsidiaries 17,105 3,108 (6,428 ) (13,785 ) — Income (loss) before income taxes 7,192 (8,746 ) 21,132 (13,785 ) 5,793 Income tax benefit — (2,312 ) 913 — (1,399 ) Net income (loss) $ 7,192 $ (6,434 ) $ 20,219 $ (13,785 ) $ 7,192 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Operations for the Quarter Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor Consolidating Global Revenues: Net premiums earned $ — $ — $ 107,073 $ — $ 107,073 Net investment income 142 1,183 18,959 (11,444 ) 8,840 Net realized investment gains (losses) (242 ) (1,026 ) 606 — (662 ) Other income — 1,149 633 — 1,782 Total revenues (100 ) 1,306 127,271 (11,444 ) 117,033 Losses and Expenses: Net losses and loss adjustment expenses — — 57,700 — 57,700 Acquisition costs and other underwriting expenses — — 43,457 — 43,457 Corporate and other operating expenses 920 (4,331 ) 6,772 — 3,361 Interest expense 5,051 11,075 80 (11,444 ) 4,762 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (6,071 ) (5,438 ) 19,262 — 7,753 Equity in net income (loss) of subsidiaries 16,160 (646 ) (3,982 ) (11,532 ) — Income (loss) before income taxes 10,089 (6,084 ) 15,280 (11,532 ) 7,753 Income tax benefit — (1,994 ) (342 ) — (2,336 ) Net income (loss) $ 10,089 $ (4,090 ) $ 15,622 $ (11,532 ) $ 10,089 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global (non-co- obligor subsidiaries (1) Consolidating Global Revenues: Net premiums earned $ — $ 0 $ 221,919 $ — $ 221,919 Net investment income 337 5,912 39,940 (23,831 ) 22,358 Net realized investment gains (losses) (20 ) 2,846 (312 ) — 2,514 Other income — 12 866 — 878 Total revenues 317 8,770 262,413 (23,831 ) 247,669 Losses and Expenses: Net losses and loss adjustment expenses — — 114,933 — 114,933 Acquisition costs and other underwriting expenses — — 92,516 — 92,516 Corporate and other operating expenses 8,977 10,645 556 — 20,178 Interest expense 10,698 22,738 196 (23,831 ) 9,801 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (19,358 ) (24,613 ) 54,212 — 10,241 Equity in net income (loss) of subsidiaries 32,251 10,765 (12,901 ) (30,115 ) — Income (loss) before income taxes 12,893 (13,848 ) 41,311 (30,115 ) 10,241 Income tax expense (benefit) — (947 ) (1,818 ) 113 (2,652 ) Net income (loss) $ 12,893 $ (12,901 ) $ 43,129 $ (30,228 ) $ 12,893 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global (non-co- obligor subsidiaries (1) Consolidating Global Revenues: Net premiums earned $ — $ 0 $ 220,199 $ — $ 220,199 Net investment income 152 2,784 34,965 (20,417 ) 17,484 Net realized investment gains (losses) (249 ) (601 ) 963 — 113 Other income — 1,776 1,374 — 3,150 Total revenues (97 ) 3,959 257,501 (20,417 ) 240,946 Losses and Expenses: Net losses and loss adjustment expenses — — 120,261 — 120,261 Acquisition costs and other underwriting expenses — — 90,008 — 90,008 Corporate and other operating expenses 1,500 (5,663 ) 10,578 — 6,415 Interest expense 7,593 19,850 203 (20,417 ) 7,229 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (9,190 ) (10,228 ) 36,451 — 17,033 Equity in net income (loss) of subsidiaries 31,561 (1,688 ) (7,959 ) (21,914 ) — Income (loss) before income taxes 22,371 (11,916 ) 28,492 (21,914 ) 17,033 Income tax benefit — (3,846 ) (1,492 ) — (5,338 ) Net income (loss) $ 22,371 $ (8,070 ) $ 29,984 $ (21,914 ) $ 22,371 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 7,192 $ (6,434 ) $ 20,219 $ (13,785 ) $ 7,192 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (23 ) (475 ) (5,322 ) — (5,820 ) Equity in other comprehensive income (loss) of unconsolidated subsidiaries (5,941 ) (2,517 ) (2,600 ) 11,058 — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (7 ) — (7 ) Reclassification adjustment for gains included in net income (loss) 20 392 199 — 611 Unrealized foreign currency translation gains (losses) — — (728 ) — (728 ) Other comprehensive income (loss), net of tax (5,944 ) (2,600 ) (8,458 ) 11,058 (5,944 ) Comprehensive income (loss), net of tax $ 1,248 $ (9,034 ) $ 11,761 $ (2,727 ) $ 1,248 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 10,089 $ (4,090 ) $ 15,622 $ (11,532 ) $ 10,089 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (235 ) 466 1,920 4 2,155 Equity in other comprehensive income (loss) of unconsolidated subsidiaries 1,647 625 777 (3,049 ) — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (1 ) — (1 ) Reclassification adjustment for gains included in net income (loss) 242 (518 ) (547 ) — (823 ) Unrealized foreign currency translation gains (losses) — 204 119 — 323 Other comprehensive income (loss), net of tax 1,654 777 2,268 (3,045 ) 1,654 Comprehensive income (loss), net of tax $ 11,743 $ (3,313 ) $ 17,890 $ (14,577 ) $ 11,743 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 12,893 $ (12,901 ) $ 43,129 $ (30,228 ) $ 12,893 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (147 ) (2,085 ) (18,776 ) — (21,008 ) Equity in other comprehensive income (loss) of unconsolidated subsidiaries (21,303 ) (9,030 ) (10,726 ) 41,059 — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (8 ) — (8 ) Reclassification adjustment for gains included in net income (loss) 20 389 277 — 686 Unrealized foreign currency translation gains (losses) — — (1,100 ) — (1,100 ) Other comprehensive income (loss), net of tax (21,430 ) (10,726 ) (30,333 ) 41,059 (21,430 ) Comprehensive income (loss), net of tax $ (8,537 ) $ (23,627 ) $ 12,796 $ 10,831 $ (8,537 ) (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 22,371 $ (8,070 ) $ 29,984 $ (21,914 ) $ 22,371 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (244 ) 3,823 3,739 15 7,333 Equity in other comprehensive income (loss) of unconsolidated subsidiaries 6,599 1,189 4,615 (12,403 ) — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (1 ) — (1 ) Reclassification adjustment for gains included in net income (loss) 249 (682 ) (796 ) — (1,229 ) Unrealized foreign currency translation gains (losses) — 285 216 — 501 Other comprehensive income (loss), net of tax 6,604 4,615 7,773 (12,388 ) 6,604 Comprehensive income (loss), net of tax $ 28,975 $ (3,455 ) $ 37,757 $ (34,302 ) $ 28,975 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Cash Flows at June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Global Cash flows from operating activities: Net cash provided by (used for) operating activities $ (16,120 ) $ 9,869 $ 65,211 $ 58,960 Cash flows from investing activities: Proceeds from sale of fixed maturities 15,284 24,077 75,095 114,456 Proceeds from sale of equity securities — 17,461 — 17,461 Proceeds from maturity of fixed maturities 5,431 7,600 20,010 33,041 Proceeds from limited partnerships — (1,322 ) 6,193 4,871 Amounts received in connection with derivatives — 6,602 — 6,602 Purchases of fixed maturities (25,485 ) (31,659 ) (157,793 ) (214,937 ) Purchases of equity securities — (17,330 ) — (17,330 ) Purchases of other invested assets — (10,550 ) — (10,550 ) Acquisition of business — (3,515 ) — (3,515 ) Net cash used for investing activities (4,770 ) (8,636 ) (56,495 ) (69,901 ) Cash flows from financing activities: Net borrowings (repayments) under margin borrowing facility — (7,521 ) — (7,521 ) Proceeds / (issuance) of notes to affiliates 230,000 (230,000 ) — — Debt restructuring (230,000 ) 230,000 — — Dividends paid to shareholders (7,001 ) — — (7,001 ) Dividends from subsidiaries 20,000 — (20,000 ) — Capital contribution to a subsidiary — — — — Purchase of A ordinary shares (1,813 ) — — (1,813 ) Net cash provided by (used for) financing activities 11,186 (7,521 ) (20,000 ) (16,335 ) Net change in cash and cash equivalents (9,704 ) (6,288 ) (11,284 ) (27,276 ) Cash and cash equivalents at beginning of period 11,089 7,749 55,576 74,414 Cash and cash equivalents at end of period $ 1,385 $ 1,461 $ 44,292 $ 47,138 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Cash Flows at June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Global Cash flows from operating activities: Net cash provided by (used for) operating activities $ (4,696 ) $ (8,127 ) $ 9,417 $ (3,406 ) Cash flows from investing activities: Proceeds from sale of fixed maturities 10,392 29,043 592,218 631,653 Proceeds from sale of equity securities — 13,740 — 13,740 Proceeds from maturity of fixed maturities 3,000 25,000 25,478 53,478 Proceeds from limited partnerships — 6,629 3,693 10,322 Amounts paid in connection with derivatives — (983 ) — (983 ) Purchases of fixed maturities (29,215 ) (158,412 ) (593,643 ) (781,270 ) Purchases of equity securities — (17,517 ) — (17,517 ) Purchases of other invested assets — (16,500 ) — (16,500 ) Net cash provided by (used for) investing activities (15,823 ) (119,000 ) 27,746 (107,077 ) Cash flows from financing activities: Net borrowings (repayments) under margin borrowing facility — 7,242 — 7,242 Proceeds from issuance of subordinated notes 130,000 — — 130,000 Debt issuance cost (4,246 ) — — (4,246 ) Proceeds / (issuance) of notes to affiliates — 120,000 (120,000 ) — Dividends from subsidiaries — — — — Capital contribution (96,000 ) — 96,000 — Purchase of A ordinary shares (1,159 ) — — (1,159 ) Net cash provided by (used for) financing activities 28,595 127,242 (24,000 ) 131,837 Net change in cash and cash equivalents 8,076 115 13,163 21,354 Cash and cash equivalents at beginning of period 91 5,536 69,483 75,110 Cash and cash equivalents at end of period $ 8,167 $ 5,651 $ 82,646 $ 96,464 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor

New Accounting Pronouncements

New Accounting Pronouncements	6 Months Ended
	Jun. 30, 2018
New Accounting Pronouncements	15. New Accounting Pronouncements Accounting Standards Adopted in 2018 In March, 2018, the FASB issued new accounting guidance whereby the SEC provided clarification to address any uncertainty or diversity of views in practice related to the application of ASC Topic 740, Income Taxes, in situations where a registrant does not have the necessary information available, prepared, or analyzed (including computations) in reasonable detail to complete the accounting under ASC Topic 740 for certain income tax effects of the TCJA for the reporting period in which the Act was enacted. This guidance is effective immediately. Accordingly, provisional estimates were recorded based on the Company’s initial analysis and current interpretation of the legislation and disclosed in the notes above. The adoption of this new accounting guidance did not have a material impact to the Company’s financial condition, results of operation, or cash flows. In February, 2018, the FASB issued new accounting guidance which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the TCJA. The amendments in this Update also require certain disclosures related to stranded tax effects. The guidance is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. The Company early adopted the provisions of this new guidance on a retrospective basis as of January 1, 2018 and made an election to reclassify, in its entirety, all stranded tax effects related to TCJA. As a result, the Company recorded a cumulative effect adjustment of $0.1 million which was reclassified from accumulated other comprehensive income to retained earnings. The adoption of this new accounting guidance did not have a material impact to the Company’s financial condition, results of operation, or cash flows. In May, 2017, the FASB issued updated accounting guidance which clarified whether changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. This guidance is effective for all entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The Company adopted this guidance during the first quarter of 2018. The provisions of this guidance were adopted on a prospective basis. As a result of adopting this guidance, stock based compensation was increased by $0.4 million and $0.01 million during the quarter and six months ended June 30, 2018, respectively. The adjustment was due to the Company entering into an Employment Agreement with its Chief Executive Officer which modified the vesting schedule on 300,000 options issued in 2014. The Company did not record a cumulative effect adjustment to shareholders’ equity as a result of adopting this guidance and the adoption of this new accounting guidance did not have a material impact to the Company’s financial condition, results of operation, or cash flows. In October, 2016, the FASB issued new accounting guidance regarding intra-entity transfers of assets other than inventory. Prior to adoption, the tax effects of intra-entity asset transfers (intercompany sales) were deferred until the transferred asset was sold to a third party or otherwise recovered through use. This is an exception to the principle in ASC 740, Income Taxes, that generally requires comprehensive recognition of current and deferred income taxes. The new guidance eliminates the exception for all intra-entity sales of assets other than inventory. As a result, a reporting entity would recognize the tax expense from the sale of the asset in the seller’s tax jurisdiction when the transfer occurs, even though the pre-tax In August, 2016, the FASB issued new accounting guidance regarding the classification of certain cash receipts and cash payments within the statements of cash flows. The new guidance addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice. This guidance is effective for public business entities for fiscal periods beginning after December 15, 2017, and interim periods within those fiscal years. Upon adoption on January 1, 2018, the Company made an accounting policy election to use the cumulative earnings approach for presenting distributions received from equity method investees. Under this approach, distributions up to the amount of cumulative equity in earnings recognized will be treated as returns on investment and presented in operating activities and those in excess of that amount will be treated as returns of investment and presented in the investing section. Prior to adoption, all distributions received from equity method investees were presented in the investing section of the consolidated statements of cash flows. The other cash flow issues addressed by the new guidance did not impact the Company. The provisions of this accounting guidance were adopted on a retrospective basis. The adoption of this new accounting guidance did not have a material impact to the Company’s financial condition, results of operation, or cash flows. In January, 2016, the FASB issued new accounting guidance surrounding the accounting for financial instruments. The new guidance addresses certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. In particular, the guidance requires equity investments, except for those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with the changes in fair value recognized in net income. It also simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment. This guidance is effective for public business entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Upon adoption on January 1, 2018, the Company recorded a cumulative effect adjustment, net of tax, of $10.0 million which reduced accumulated other comprehensive income and increased retained earnings. During the quarter and six months ended June 30, 2018, net realized investment gains (losses) included a gain of $0.8 million and loss of $4.2 million, respectively, related to the change in the fair value of equity investments in accordance with this new accounting guidance. In May, 2014, the FASB issued new accounting guidance regarding the recognition of revenue from customers arising from the transfer of goods and services. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. This guidance is effective for public business entities for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The Company adopted the standard and all related amendments using the modified retrospective method. Long and short duration insurance contracts, which comprise the majority of the Company’s revenues, are excluded from this accounting guidance. As such, revenue within the scope of the new guidance primarily includes fee income. The adoption of this new accounting guidance did not have a material impact to the Company’s financial condition, results of operation, or cash flows. There were no material changes in the timing or measurement of revenues based upon the guidance. As a result, there is no cumulative effect on retained earnings. Recently Issued Accounting Guidance Not Yet Adopted In June, 2018, the FASB issued new accounting guidance which expanded the scope of Accounting Standards Codification (“ASC”) Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployee. This guidance is effective for fiscal years beginning after December 15, 2018 including interim periods. The Company does not anticipate the new guidance having a material impact on its financial condition, results of operations, or cash flows. Please see Note 22 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2017 Annual Report on Form 10-K

Principles of Consolidation a23

Principles of Consolidation and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2018
Business Segments	The Company manages its business through three business segments: Commercial Lines, Personal Lines, and Reinsurance Operations. The Company’s Commercial Lines offers specialty property and casualty insurance products in the excess and surplus lines marketplace. The Company manages its Commercial Lines by differentiating them into four 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; 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; and Vacant Express, which insures dwellings which are currently vacant, undergoing renovation, or are under construction and is distributed through aggregators, brokers, and retail agents. 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 offers specialty personal lines and agricultural coverage through general and specialty agents with specific binding authority on an admitted basis. Collectively, the Company’s U.S. insurance subsidiaries are licensed in all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands. The Commercial Lines and Personal Lines segments comprise the Company’s U.S. Insurance Operations (‘Insurance Operations”). The Company’s Reinsurance Operations consist solely of the operations of its Bermuda-based wholly-owned subsidiary, Global Indemnity Reinsurance Company, Ltd. (“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 interim consolidated financial statements are unaudited, but 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.
Intercompany Balances and Transactions	The unaudited consolidated financial statements include all adjustments that are, in the opinion of management, of a normal recurring nature and are necessary for a fair statement of results for the interim periods. Results of operations for the quarters and six months ended June 30, 2018 and 2017 are not necessarily indicative of the results of a full year. The accompanying notes to the unaudited consolidated financial statements should be read in conjunction with the notes to the consolidated financial statements contained in the Company’s 2017 Annual Report on Form 10-K. On January 1, 2018, the Company adopted new accounting guidance which requires equity investments, except for those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with the changes in fair value recognized in net income. Upon adoption, the Company recorded a cumulative effect adjustment, net of tax, of $10.0 million which reduced accumulated other comprehensive income and increased retained earnings. During the quarter and six months ended June 30, 2018, net realized investment gains (losses) included a gain of $0.8 million and a loss of $4.2 million, respectively, related to the change in the fair value of equity investments in accordance with this new accounting guidance. In addition, under the new guidance, equity investments, are no longer classified into different categories as either trading or available for sale. Prior to the adoption of this new guidance, equity securities were previously classified as available for sale. On January 1, 2018, the Company adopted new accounting guidance regarding the classification of certain cash receipts and cash payments within the statement of cash flows. Upon adoption, the Company made a policy election to use the cumulative earnings approach for presenting distributions received from equity method investees. Under this approach, distributions up to the amount of cumulative equity in earnings recognized will be treated as returns on investment and presented in operating activities and those in excess of that amount will be treated as returns of investment and presented in the investing section. Prior to adoption, all distributions received from equity method investees were presented in the investing section of the consolidated statements of cash flows. The provisions of this accounting guidance were adopted on a retrospective basis. As a result, the consolidated statement of cash flows for the six months ended June 30, 2017 that was included in the Form 10-Q 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.
Investments Policy	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.
Derivative Instruments Policy	The Company accounts for the interest rate swaps as non-hedge
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 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 terms and conditions sourced from commercial vendors. Bonds with similar characteristics are grouped into specific sectors. Both asset classes use standard inputs and utilize bid price or spread, quotes, benchmark yields, discount rates, market data feeds, and financial statements. • 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 benchmark 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, an integrated evaluation system is used. The pricing models incorporate trades, spreads, benchmark curves, market data feeds, new issue data, and trustee reports. • 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, various external analytical products are utilized and purchased from commercial vendors.
Statutory Income Tax Rates	The statutory income tax rate of each country is applied against the expected annual taxable income of the Company in each country to estimate the annual income tax expense. Generally, during interim periods, the Company will divide total estimated annual income tax expense by total estimated annual pre-tax pre-tax
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.
Earnings Per Share Policy	Earnings per share have been computed using the weighted average number of ordinary shares and ordinary share equivalents outstanding during the period.

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2018
Schedule of Amortized Cost and Estimated Fair Value of Investments	The amortized cost and estimated fair value of investments were as follows as of June 30, 2018 and December 31, 2017: (Dollars in thousands) Amortized Cost Gross Gross Estimated Other than As of June 30, 2018 Fixed maturities: U.S. treasury and agency obligations $ 94,588 $ 419 $ (2,282 ) $ 92,725 $ — Obligations of states and political subdivisions 102,703 242 (754 ) 102,191 — Mortgage-backed securities 185,803 242 (4,148 ) 181,897 — Asset-backed securities 209,352 134 (1,432 ) 208,054 (1 ) Commercial mortgage-backed securities 157,948 57 (4,396 ) 153,609 — Corporate bonds 435,712 208 (10,167 ) 425,753 — Foreign corporate bonds 122,629 7 (2,995 ) 119,641 — Total fixed maturities 1,308,735 1,309 (26,174 ) 1,283,870 (1 ) Common stock 137,789 — — 137,789 — Other invested assets 83,499 — — 83,499 — Total $ 1,530,023 $ 1,309 $ (26,174 ) $ 1,505,158 $ (1 ) (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, 2017 Fixed maturities: U.S. treasury and agency obligations $ 105,311 $ 562 $ (1,193 ) $ 104,680 $ — Obligations of states and political subdivisions 94,947 441 (274 ) 95,114 — Mortgage-backed securities 150,237 404 (1,291 ) 149,350 — Asset-backed securities 203,827 267 (393 ) 203,701 (1 ) Commercial mortgage-backed securities 140,761 101 (1,067 ) 139,795 — Corporate bonds 422,486 2,295 (1,391 ) 423,390 — Foreign corporate bonds 125,575 377 (545 ) 125,407 — Total fixed maturities 1,243,144 4,447 (6,154 ) 1,241,437 (1 ) Common stock 124,915 18,574 (3,260 ) 140,229 — Other invested assets 77,820 — — 77,820 — Total $ 1,445,879 $ 23,021 $ (9,414 ) $ 1,459,486 $ (1 ) (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 June 30, 2018, 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 $ 76,366 $ 76,088 Due in one year through five years 434,414 426,933 Due in five years through ten years 232,350 224,914 Due in ten years through fifteen years 8,168 7,997 Due after fifteen years 4,334 4,378 Mortgage-backed securities 185,803 181,897 Asset-backed securities 209,352 208,054 Commercial mortgage-backed securities 157,948 153,609 Total $ 1,308,735 $ 1,283,870
Summary of Securities With Gross Unrealized Losses	The following table contains an analysis of the Company’s fixed income securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of June 30, 2018. Due to new accounting guidance implemented in 2018 regarding the treatment of gains and losses on equity securities, common stock is no longer included in the table: 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 $ 70,067 $ (2,050 ) $ 18,610 $ (232 ) $ 88,677 $ (2,282 ) Obligations of states and political subdivisions 51,802 (633 ) 9,109 (121 ) 60,911 (754 ) Mortgage-backed securities 160,818 (4,066 ) 3,700 (82 ) 164,518 (4,148 ) Asset-backed securities 139,647 (1,305 ) 8,586 (127 ) 148,233 (1,432 ) Commercial mortgage-backed securities 118,579 (3,561 ) 26,865 (835 ) 145,444 (4,396 ) Corporate bonds 346,269 (9,385 ) 39,371 (782 ) 385,640 (10,167 ) Foreign corporate bonds 93,274 (2,677 ) 16,669 (318 ) 109,943 (2,995 ) Total fixed maturities $ 980,456 $ (23,677 ) $ 122,910 $ (2,497 ) $ 1,103,366 $ (26,174 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit 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, 2017: 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 $ 79,403 $ (962 ) $ 17,469 $ (231 ) $ 96,872 $ (1,193 ) Obligations of states and political subdivisions 34,537 (149 ) 12,060 (125 ) 46,597 (274 ) Mortgage-backed securities 127,991 (1,247 ) 1,866 (44 ) 129,857 (1,291 ) Asset-backed securities 97,817 (371 ) 6,423 (22 ) 104,240 (393 ) Commercial mortgage-backed securities 83,051 (523 ) 27,976 (544 ) 111,027 (1,067 ) Corporate bonds 147,064 (754 ) 53,024 (637 ) 200,088 (1,391 ) Foreign corporate bonds 53,320 (305 ) 20,582 (240 ) 73,902 (545 ) Total fixed maturities 623,183 (4,311 ) 139,400 (1,843 ) 762,583 (6,154 ) Common stock 32,759 (3,260 ) — — 32,759 (3,260 ) Total $ 655,942 $ (7,571 ) $ 139,400 $ (1,843 ) $ 795,342 $ (9,414 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit
Schedule of Other Than Temporary Impairments on Investments	The Company recorded the following other than temporary impairments (“OTTI”) on its investment portfolio for the quarters and six months ended June 30, 2018 and 2017: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Fixed maturities: OTTI losses, gross $ (371 ) $ — $ (371 ) $ (31 ) Portion of loss recognized in other comprehensive income (pre-tax) — — — — Net impairment losses on fixed maturities recognized in earnings (371 ) — (371 ) (31 ) Equity securities — (578 ) — (657 ) Total $ (371 ) $ (578 ) $ (371 ) $ (688 )
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 for the quarters and six months ended June 30, 2018 and 2017 for which a portion of the OTTI loss was recognized in other comprehensive income. Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Balance at beginning of period $ 13 $ 31 $ 13 $ 31 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 — (15 ) — (15 ) Balance at end of period $ 13 $ 16 $ 13 $ 16
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 June 30, 2018 and December 31, 2017 was as follows: (Dollars in thousands) June 30, 2018 December 31, 2017 Net unrealized gains (losses)from: Fixed maturities $ (24,865 ) $ (1,707 ) Common stock — 15,314 Foreign currency fluctuations (549 ) 551 Deferred taxes 2,939 (5,175 ) Accumulated other comprehensive income, net of tax $ (22,475 ) $ 8,983
Changes in Accumulated Other Comprehensive Income	The following tables present the changes in accumulated other comprehensive income, net of tax, by component for the quarters and six months ended June 30, 2018 and 2017: Quarter Ended June 30, 2018 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ (16,710 ) $ 179 $ (16,531 ) Other comprehensive income (loss) before reclassification (5,827 ) (728 ) (6,555 ) Amounts reclassified from accumulated other comprehensive income (loss) 611 — 611 Other comprehensive income (loss) (5,216 ) (728 ) (5,944 ) Cumulative effect adjustment — — — Ending balance $ (21,926 ) $ (549 ) $ (22,475 ) Quarter Ended June 30, 2017 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 4,218 $ 114 $ 4,332 Other comprehensive income (loss) before reclassification 2,154 323 2,477 Amounts reclassified from accumulated other comprehensive income (loss) (823 ) — (823 ) Other comprehensive income (loss) 1,331 323 1,654 Ending balance $ 5,549 $ 437 $ 5,986 Six Months Ended June 30, 2018 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ 8,272 $ 711 $ 8,983 Other comprehensive income (loss) before reclassification (21,016 ) (1,100 ) (22,116 ) Amounts reclassified from accumulated other comprehensive income (loss) 686 — 686 Other comprehensive income (loss) (20,330 ) (1,100 ) (21,430 ) Cumulative effect adjustment (9,868 ) (160 ) (10,028 ) Ending balance $ (21,926 ) $ (549 ) $ (22,475 ) Six Months Ended June 30, 2017 (Dollars in thousands) Unrealized Gains Foreign Currency Accumulated Other Beginning balance $ (554 ) $ (64 ) $ (618 ) Other comprehensive income (loss) before reclassification 7,325 508 7,833 Amounts reclassified from accumulated other comprehensive income (loss) (1,222 ) (7 ) (1,229 ) Other comprehensive income (loss) 6,103 501 6,604 Ending balance $ 5,549 $ 437 $ 5,986
Reclassifications Out of Accumulated Other Comprehensive Income	The reclassifications out of accumulated other comprehensive income for the quarters and six months ended June 30, 2018 and 2017 were as follows: (Dollars in thousands) Amounts Reclassified from Details about Accumulated Other Comprehensive Income Components Affected Line Item in the Consolidated Statements of Operations 2018 2017 Unrealized gains and losses on available for sale securities Other net realized investment (gains) losses $ 361 $ (1,739 ) Other than temporary impairment losses on investments 371 578 Total before tax 732 (1,161 ) Income tax expense (benefit) (121 ) 338 Unrealized gains and losses on available for sale securities, net of tax 611 $ (823 ) Foreign currency items Other net realized investment (gains) — $ — Income tax expense — — Foreign currency items, net of tax — $ — Total reclassifications Total reclassifications, net of tax $ 611 $ (823 ) (Dollars in thousands) Amounts Reclassified from Details about Accumulated Other Comprehensive Affected Line Item in the Consolidated 2018 2017 Unrealized gains and losses on available for sale securities Other net realized investment (gains) losses $ 454 $ (2,440 ) Other than temporary impairment losses on investments 371 688 Total before tax 825 (1,752 ) Income tax expense (benefit) (139 ) 530 Unrealized gains and losses on available for sale securities, net of tax 686 $ (1,222 ) Foreign currency items Other net realized investment (gains) — $ (11 ) Income tax expense — 4 Foreign currency items, net of tax — $ (7 ) Total reclassifications Total reclassifications, net of tax $ 686 $ (1,229 )
Components of Net Realized Investment Gains (Losses)	Net Realized Investment Gains (Losses) The components of net realized investment gains (losses) for the quarters and six months ended June 30, 2018 and 2017 were as follows: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Fixed maturities: Gross realized gains $ 20 $ 2,500 $ 44 $ 2,689 Gross realized losses (752 ) (1,976 ) (869 ) (2,059 ) Net realized gains (losses) (732 ) 524 (825 ) 630 Common stock: Gross realized gains 2,874 1,219 6,327 1,794 Gross realized losses (809 ) (582 ) (8,636 ) (661 ) Net realized gains (losses) 2,065 637 (2,309 ) 1,133 Derivatives: Gross realized gains 1,966 — 6,767 336 Gross realized losses (469 ) (1,823 ) (1,119 ) (1,986 ) Net realized gains (losses) (1) 1,497 (1,823 ) 5,648 (1,650 ) Total net realized investment gains (losses) $ 2,830 $ (662 ) $ 2,514 $ 113
Summary of Calculation of Realized Gains and Losses	The following table shows the calculation of the portion of realized gains and losses related to common stock held as of June 30, 2018: Quarter Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2018 Net gains and losses recognized during the period on equity securities $ 2,065 $ (2,309 ) Less: Net gains and losses recognized during the period on equity securities sold during the period 1,308 1,862 Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date $ 757 $ (4,171 )
Proceeds from Sales and Redemptions of Available-for-Sale Securities	The proceeds from sales and redemptions of available for sale and equity securities resulting in net realized investment gains (losses) for the six months ended June 30, 2018 and 2017 were as follows: Six Months Ended June 30, (Dollars in thousands) 2018 2017 Fixed maturities $ 114,456 $ 631,653 Equity securities 17,461 13,740
Schedule of Investment Income	The sources of net investment income for the quarters and six months ended June 30, 2018 and 2017 were as follows: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Fixed maturities $ 9,188 $ 8,334 $ 17,716 $ 15,012 Equity securities 1,005 844 2,004 1,834 Cash and cash equivalents 265 311 529 395 Other invested assets 1,240 76 3,563 1,768 Total investment income 11,698 9,565 23,812 19,009 Investment expense (744 ) (725 ) (1,454 ) (1,525 ) Net investment income $ 10,954 $ 8,840 $ 22,358 $ 17,484
Schedule of Total Investment Return	The Company’s total investment return on a pre-tax Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Net investment income $ 10,954 $ 8,840 $ 22,358 $ 17,484 Net realized investment gains (losses) 2,830 (662 ) 2,514 113 Change in unrealized holding gains and losses (6,635 ) 2,073 (24,258 ) 9,090 Net realized and unrealized investment returns (3,805 ) 1,411 (21,744 ) 9,203 Total investment return $ 7,149 $ 10,251 $ 614 $ 26,687 Total investment return % (1) 0.5 % 0.6 % 0.0 % 1.7 % Average investment portfolio (2) $ 1,546,801 $ 1,626,877 $ 1,543,593 $ 1,565,015 (1) Not annualized. (2) Average of total cash and invested assets, net of receivable/payable for securities purchased and sold, as of the beginning and end of the period.
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 (Dollars in thousands) Financial Guarantor Total Pre-refunded Government Exposure Net of Pre-refunded & Government Securities Municipal Bond Insurance Association $ 1,133 $ — $ — $ 1,133 Total backed by financial guarantors 1,133 — — 1,133 Other credit enhanced municipal bonds — — — — Total $ 1,133 $ — $ — $ 1,133
Summary of Estimated Fair Values of Bonds Held on Deposit	The fair values were as follows as of June 30, 2018 and December 31, 2017: Estimated Fair Value (Dollars in thousands) June 30, 2018 December 31, 2017 On deposit with governmental authorities $ 25,969 $ 26,852 Intercompany trusts held for the benefit of U.S. policyholders 276,687 328,494 Held in trust pursuant to third party requirements 97,650 94,098 Letter of credit held for third party requirements 2,317 3,944 Securities held as collateral for borrowing arrangements (1) 80,483 88,040 Total $ 483,106 $ 541,428 (1) Amount required to collateralize margin borrowing facility.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 and December 31, 2017: (Dollars in thousands) June 30, 2018 December 31, 2017 Derivatives Not Designated as Hedging Instruments under ASC 815 Balance Sheet Notional Fair Value Notional Fair Value Interest rate swap agreements Other liabilities $ 200,000 $ (1,201 ) $ 200,000 $ (7,968 )
Summary of Net Gain (Loss) Included in Consolidated Statements 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 statements of operations for changes in the fair value of the derivatives and the periodic net interest settlements under the derivatives for the quarters and six months ended June 30, 2018 and 2017: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) Consolidated Statements of Operations Line 2018 2017 2018 2017 Interest rate swap agreements Net realized investment gains (losses) $ 1,497 $ (1,823 ) $ 5,648 $ (1,650 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 and December 31, 2017 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. As of June 30, 2018 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 92,725 $ — $ — $ 92,725 Obligations of states and political subdivisions — 102,191 — 102,191 Mortgage-backed securities — 181,897 — 181,897 Commercial mortgage-backed securities — 153,609 — 153,609 Asset-backed securities — 208,054 — 208,054 Corporate bonds — 425,753 — 425,753 Foreign corporate bonds — 119,641 — 119,641 Total fixed maturities 92,725 1,191,145 — 1,283,870 Common stock 137,789 — — 137,789 Total assets measured at fair value (1) $ 230,514 $ 1,191,145 $ — $ 1,421,659 Liabilities: Derivative instruments $ — $ 1,201 $ — $ 1,201 Total liabilities measured at fair value $ — $ 1,201 $ — $ 1,201 (1) Excluded from the table above are limited partnerships of $83.5 million at June 30, 2018 whose fair value is based on net asset value as a practical expedient. As of December 31, 2017 Fair Value Measurements (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 104,680 $ — $ — $ 104,680 Obligations of states and political subdivisions — 95,114 — 95,114 Mortgage-backed securities — 149,350 — 149,350 Commercial mortgage-backed securities — 139,795 — 139,795 Asset-backed securities — 203,701 — 203,701 Corporate bonds — 423,390 — 423,390 Foreign corporate bonds — 125,407 — 125,407 Total fixed maturities 104,680 1,136,757 — 1,241,437 Common stock 140,229 — — 140,229 Total assets measured at fair value (1) $ 244,909 $ 1,136,757 $ — $ 1,381,666 Liabilities: Derivative instruments $ — $ 7,968 $ — $ 7,968 Total liabilities measured at fair value $ — $ 7,968 $ — $ 7,968 (1) Excluded from the table above are limited partnerships of $77.8 million at December 31, 2017 whose fair value is based on net asset value as a practical expedient.
Current Fair Value of Debt	For the Company’s material debt arrangements, the current fair value of the Company’s debt at June 30, 2018 and December 31, 2017 was as follows: June 30, 2018 December 31, 2017 (Dollars in thousands) Carrying Value Fair Value Carrying Value Fair Value Margin Borrowing Facility $ 64,709 $ 64,709 $ 72,230 $ 72,230 7.75% Subordinated Notes due 2045 (1) 96,680 99,320 96,619 100,059 7.875% Subordinated Notes due 2047 (2) 125,935 129,782 125,864 130,429 Total $ 287,324 $ 293,811 $ 294,713 $ 302,718 (1) As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.3 million. (2) As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.875% Subordinated Notes due 2047 are net of unamortized debt issuance cost of $4.1 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 June 30, 2018 and December 31, 2017. June 30, 2018 December 31, 2017 (Dollars in thousands) Fair Value Future Funding Fair Value Future Funding Real Estate Fund, LP (1) $ — $ — $ — $ — European Non-Performing 20,069 14,214 26,262 14,214 Private Middle Market Loan Fund, LP (3) 37,244 5,200 33,760 10,000 Distressed Debt Fund, LP (4) 26,186 25,750 17,798 33,500 Total $ 83,499 $ 45,164 $ 77,820 $ 57,714 (1) 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. (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 (3) This limited partnership provides financing for 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 investment management agreement, the Company anticipates its interest to be redeemed no later than 2024. (4) This limited partnership invests in stressed and distressed securities and structured products. 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 to be redeemed no later than 2027.

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2018
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. Quarter Ended June 30, 2018: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 20,300 $ 138,517 $ — $ 158,817 Net premiums written $ 20,300 $ 116,154 $ — $ 136,454 Net premiums earned $ 37,111 $ 76,806 $ — $ 113,917 Net investment income 12,293 7,036 (8,375 ) 10,954 Net realized investment gains (losses) (159 ) 2,989 — 2,830 Other income (loss) (147 ) 471 — 324 Total revenues 49,098 87,302 (8,375 ) 128,025 Losses and Expenses: Net losses and loss adjustment expenses 12,768 46,093 — 58,861 Acquisition costs and other underwriting expenses 16,147 31,366 — 47,513 Corporate and other operating expenses 4,915 6,003 — 10,918 Interest expense 1,552 11,763 (8,375 ) 4,940 Income (loss) before income taxes $ 13,716 $ (7,923 ) $ — 5,793 Quarter Ended June 30, 2017: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 60,061 $ 126,319 $ (42,486 ) $ 143,894 Net premiums written $ 60,060 $ 63,737 $ — $ 123,797 Net premiums earned $ 49,059 $ 58,014 $ — $ 107,073 Net investment income 14,560 5,243 (10,963 ) 8,840 Net realized investment gains (losses) 196 (858 ) — (662 ) Other income 86 1,696 — 1,782 Total revenues 63,901 64,095 (10,963 ) 117,033 Losses and Expenses: Net losses and loss adjustment expenses 22,876 34,824 — 57,700 Acquisition costs and other underwriting expenses 20,934 22,523 — 43,457 Corporate and other operating expenses 1,123 2,238 — 3,361 Interest expense 4,650 11,075 (10,963 ) 4,762 Income (loss) before income taxes $ 14,318 $ (6,565 ) $ — $ 7,753 Six Months Ended June 30, 2018: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 30,615 $ 252,449 $ — $ 283,064 Net premiums written $ 30,614 $ 213,710 $ — $ 244,324 Net premiums earned $ 85,133 $ 136,786 $ — $ 221,919 Net investment income 27,514 14,224 (19,380 ) 22,358 Net realized investment gains (losses) (164 ) 2,678 — 2,514 Other income (loss) (97 ) 975 — 878 Total revenues 112,386 154,663 (19,380 ) 247,669 Losses and Expenses: Net losses and loss adjustment expenses 33,333 81,600 — 114,933 Acquisition costs and other underwriting expenses 37,287 55,229 — 92,516 Corporate and other operating expenses 9,313 10,865 — 20,178 Interest expense 6,393 22,788 (19,380 ) 9,801 Income (loss) before income taxes $ 26,060 $ (15,819 ) $ — $ 10,241 Six Months Ended June 30, 2017: (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 114,163 $ 234,255 $ (80,773 ) $ 267,645 Net premiums written $ 114,147 $ 121,156 $ — $ 235,303 Net premiums earned $ 99,992 $ 120,207 $ — $ 220,199 Net investment income 26,888 10,202 (19,606 ) 17,484 Net realized investment gains (losses) 237 (124 ) — 113 Other income 173 2,977 — 3,150 Total revenues 127,290 133,262 (19,606 ) 240,946 Losses and Expenses: Net losses and loss adjustment expenses 43,736 76,525 — 120,261 Acquisition costs and other underwriting expenses 43,622 46,386 — 90,008 Corporate and other operating expenses 2,330 4,085 — 6,415 Interest expense 6,974 19,861 (19,606 ) 7,229 Income (loss) before income taxes $ 30,628 $ (13,595 ) $ — $ 17,033
Components of Income Tax Benefit	The following table summarizes the components of income tax benefit: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Current income tax expense: Foreign $ 85 $ 87 $ 264 $ 183 U.S. Federal 166 — 732 — Total current income tax expense 251 87 996 183 Deferred income tax benefit: U.S. Federal (1,650 ) (2,423 ) (3,648 ) (5,521 ) Total deferred income tax benefit (1,650 ) (2,423 ) (3,648 ) (5,521 ) Total income tax benefit $ (1,399 ) $ (2,336 ) $ (2,652 ) $ (5,338 )
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: Quarters Ended June 30, 2018 2017 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average rate $ (1,497 ) (25.8 %) $ (2,210 ) (28.5 %) Adjustments: Tax exempt interest (4 ) (0.1 ) (67 ) (0.9 ) Dividend exclusion (70 ) (1.2 ) (73 ) (0.9 ) Base Erosion Anti-Abuse Tax 165 2.9 — — Other 7 0.1 14 0.2 Actual tax on continuing operations $ (1,399 ) (24.1 %) $ (2,336 ) (30.1 %) Six Months Ended June 30, 2018 2017 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average rate $ (3,033 ) (29.6 %) $ (4,574 ) (26.9 %) Adjustments: Tax exempt interest (5 ) 0.0 (151 ) (0.9 ) Dividend exclusion (135 ) (1.3 ) (266 ) (1.6 ) Base Erosion Anti-Abuse Tax 731 7.1 — — Other (210 ) (2.1 ) (347 ) (1.9 ) Actual tax on continuing operations $ (2,652 ) (25.9 %) $ (5,338 ) (31.3 %)

Liability for Unpaid Losses a28

Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)	6 Months Ended
	Jun. 30, 2018
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: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2018 2017 2018 2017 Balance at beginning of period $ 615,125 $ 622,088 $ 634,664 $ 651,042 Less: Ceded reinsurance receivables 92,314 102,646 97,243 130,439 Net balance at beginning of period 522,811 519,442 537,421 520,603 Purchased reserves, gross — 6,465 — 8,961 Purchased reserves ceded — (39 ) — 510 Purchased reserves, net of third party reinsurance — 6,426 — 9,471 Incurred losses and loss adjustment expenses related to: Current year 68,448 73,003 130,447 145,694 Prior years (9,587 ) (15,303 ) (15,514 ) (25,433 ) Total incurred losses and loss adjustment expenses 58,861 57,700 114,933 120,261 Paid losses and loss adjustment expenses related to: Current year 33,120 42,975 50,574 67,363 Prior years 26,279 29,075 79,507 71,454 Total paid losses and loss adjustment expenses 59,399 72,050 130,081 138,817 Net balance at end of period 522,273 511,518 522,273 511,518 Plus: Ceded reinsurance receivables 91,397 104,245 91,397 104,245 Balance at end of period $ 613,670 $ 615,763 $ 613,670 $ 615,763

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2018
Outstanding Debt	The Company’s outstanding debt consisted of the following at June 30, 2018 and December 31, 2017: (Dollars in thousands) June 30, 2018 December 31, 2017 Margin Borrowing Facility $ 64,709 $ 72,230 7.75% Subordinated Notes due 2045 96,680 96,619 7.875% Subordinated Notes due 2047 125,935 125,864 Total $ 287,324 $ 294,713

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2018
Information with Respect to Ordinary Shares that were Surrendered, Repurchased or Redeemed	The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the quarter ended June 30, 2017: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Plan or Program Approximate Dollar May 1 - 31, 2017 586 (2) $ 38.49 — — Total 586 $ 38.49 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the six months ended June 30, 2018: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Plan or Program Approximate Dollar January 1-31, 26,639 (2) $ 42.02 — — March 1-31, 18,594 (2) $ 37.27 — — Total 45,233 $ 40.07 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock. The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the six months ended June 30, 2017: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Plan or Program Approximate Dollar January 1-31, 13,656 (2) $ 38.21 — — February 1-28, 15,309 (2) $ 40.18 — — May 1-31, 2017 586 (2) $ 38.49 — — Total 29,551 $ 39.24 — (1) Based on settlement date. (2) Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2018
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share: Quarters Ended June 30, Six Months Ended June 30, (Dollars in thousands, except share and per share data) 2018 2017 2018 2017 Net income $ 7,192 $ 10,089 $ 12,893 $ 22,371 Basic earnings per share: Weighted average shares outstanding – basic 14,092,397 17,335,914 14,073,813 17,326,019 Net income per share $ 0.51 $ 0.58 $ 0.92 $ 1.29
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: Quarters Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Weighted average shares for basic earnings per share 14,092,397 17,335,914 14,073,813 17,326,019 Non-vested 76,775 153,471 70,244 146,992 Options 165,428 201,494 164,207 197,625 Weighted average shares for diluted earnings per share 14,334,600 17,690,879 14,308,264 17,670,636

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2018
Summary of Business Segment Information	The following are tabulations of business segment information for the quarters and six months ended June 30, 2018 and 2017. Quarter Ended June 30, 2018: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 69,973 $ 68,545 (6) $ 20,299 $ 158,817 Net premiums written $ 61,350 $ 54,807 $ 20,297 $ 136,454 Net premiums earned $ 52,252 $ 49,880 $ 11,785 $ 113,917 Other income (loss) — 472 (148 ) 324 Total revenues 52,252 50,352 11,637 114,241 Losses and Expenses: Net losses and loss adjustment expenses 25,095 30,009 3,757 58,861 Acquisition costs and other underwriting expenses 21,051 (3) 22,227 (4) 4,235 47,513 Income (loss) from segments $ 6,106 $ (1,884 ) $ 3,645 $ 7,867 Unallocated Items: Net investment income 10,954 Net realized investment gain 2,830 Corporate and other operating expenses (10,918 ) Interest expense (4,940 ) Income before income taxes 5,793 Income tax benefit 1,399 Net income 7,192 Total assets $ 896,698 $ 523,813 $ 561,308 (5) $ 1,981,819 (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 $116 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $137 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes ($989) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Quarter Ended June 30, 2017: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 56,752 $ 69,572 (6) $ 17,570 $ 143,894 Net premiums written $ 49,439 $ 56,789 $ 17,569 $ 123,797 Net premiums earned $ 43,519 $ 53,171 $ 10,383 $ 107,073 Other income 78 1,618 86 1,782 Total revenues 43,597 54,789 10,469 108,855 Losses and Expenses: Net losses and loss adjustment expenses 14,169 39,161 4,370 57,700 Acquisition costs and other underwriting expenses 18,142 (3) 22,058 (4) 3,257 43,457 Income (loss) from segments $ 11,286 $ (6,430 ) $ 2,842 $ 7,698 Unallocated Items: Net investment income 8,840 Net realized investment losses (662 ) Corporate and other operating expenses (3,361 ) Interest expense (4,762 ) Income before income taxes benefit 7,753 Income tax benefit 2,336 Net income 10,089 Total assets $ 880,084 $ 494,079 $ 730,191 (5) $ 2,104,354 (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 $119 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $266 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes $191 of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Six Months Ended June 30, 2018: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 123,746 $ 128,710 (6) $ 30,608 $ 283,064 Net premiums written $ 109,656 $ 104,062 $ 30,606 $ 244,324 Net premiums earned $ 99,614 $ 100,492 $ 21,813 $ 221,919 Other income (loss) — 975 (97 ) 878 Total revenues 99,614 101,467 21,716 222,797 Losses and Expenses: Net losses and loss adjustment expenses 50,124 57,630 7,179 114,933 Acquisition costs and other underwriting expenses 40,256 (3) 44,406 (4) 7,854 92,516 Income (loss) from segments $ 9,234 $ (569 ) $ 6,683 $ 15,348 Unallocated Items: Net investment income 22,358 Net realized investment gain 2,514 Corporate and other operating expenses (20,178 ) Interest expense (9,801 ) Income before income taxes 10,241 Income tax benefit 2,652 Net income 12,893 Total assets $ 896,698 $ 523,813 $ 561,308 (5) $ 1,981,819 (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 $290 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $343 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes ($1,856) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Six Months Ended June 30, 2017: (Dollars in thousands) Commercial Personal Reinsurance Operations (2) Total Revenues: Gross premiums written $ 102,663 $ 131,589 (6) $ 33,393 $ 267,645 Net premiums written $ 90,554 $ 111,372 $ 33,377 $ 235,303 Net premiums earned $ 88,511 $ 111,834 $ 19,854 $ 220,199 Other income 78 2,899 173 3,150 Total revenues 88,589 114,733 20,027 223,349 Losses and Expenses: Net losses and loss adjustment expenses 34,593 77,876 7,792 120,261 Acquisition costs and other underwriting expenses 37,161 (3) 46,592 (4) 6,255 90,008 Income (loss) from segments $ 16,835 $ (9,735 ) $ 5,980 $ 13,080 Unallocated Items: Net investment income 17,484 Net realized investment gain 113 Corporate and other operating expenses (6,415 ) Interest expense (7,229 ) Income before income taxes 17,033 Income tax benefit 5,338 Net income 22,371 Total assets $ 880,084 $ 494,079 $ 730,191 (5) $ 2,104,354 (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 $239 relating to cessions from Commercial Lines to Reinsurance Operations. (4) Includes federal excise tax of $559 relating to cessions from Personal Lines to Reinsurance Operations. (5) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (6) Includes $1,242 of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.

Condensed Consolidating Finan33

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Tables)	6 Months Ended
	Jun. 30, 2018
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets at June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global ASSETS Total investments $ 17,712 $ 313,031 $ 1,174,415 $ — $ 1,505,158 Cash and cash equivalents 1,385 1,461 44,292 — 47,138 Investments in subsidiaries 1,218,698 323,017 39,581 (1,581,296 ) — Due from subsidiaries and affiliates 4,507 (8,334 ) 3,827 — — Notes receivable – affiliate — 80,049 845,498 (925,547 ) — Interest receivable – affiliate — 3,285 29,114 (32,399 ) — Premiums receivable, net — — 92,567 — 92,567 Reinsurance receivables, net — — 96,568 — 96,568 Funds held by ceding insurers — — 52,110 — 52,110 Federal income taxes receivable — 9,687 304 — 9,991 Deferred federal income taxes — 26,913 5,930 — 32,843 Deferred acquisition costs — — 65,504 — 65,504 Intangible assets — — 22,285 — 22,285 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 25,237 — 25,237 Receivable for securities sold — — — — — Other assets 8,057 8,009 17,216 (7,385 ) 25,897 Total assets $ 1,250,359 $ 757,118 $ 2,520,969 $ (2,546,627 ) $ 1,981,819 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 613,670 $ — $ 613,670 Unearned premiums — — 304,188 — 304,188 Ceded balances payable — — 21,848 — 21,848 Payable for securities purchased — (3,041 ) 3,594 — 553 Contingent commissions — — 6,496 — 6,496 Debt — 294,709 — (7,385 ) 287,324 Notes payable – affiliates 520,498 400,000 5,049 (925,547 ) Accrued interest payable – affiliates 17,335 13,594 1,470 (32,399 ) Other liabilities 10,109 12,276 22,926 12 45,323 Total liabilities 547,942 717,538 979,241 (965,319 ) 1,279,402 Shareholders’ equity Total shareholders’ equity 702,417 39,580 1,541,728 (1,581,308 ) 702,417 Total liabilities and shareholders’ equity $ 1,250,359 $ 757,118 $ 2,520,969 $ (2,546,627 ) $ 1,981,819 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Balance Sheets at December 31, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global ASSETS Total investments $ 13,118 $ 309,891 $ 1,136,477 $ — $ 1,459,486 Cash and cash equivalents 11,089 7,749 55,576 — 74,414 Investments in subsidiaries 1,207,590 321,194 62,950 (1,591,734 ) — Due from subsidiaries and affiliates 4,618 (6,513 ) 1,895 — — Notes receivable – affiliate — 80,049 845,498 (925,547 ) — Interest receivable – affiliate — 2,721 30,642 (33,363 ) — Premiums receivable, net — — 84,386 — 84,386 Reinsurance receivables, net — — 105,060 — 105,060 Funds held by ceding insurers — — 45,300 — 45,300 Federal income taxes receivable — 7,560 2,489 283 10,332 Deferred federal income taxes — 21,533 4,833 (170 ) 26,196 Deferred acquisition costs — — 61,647 — 61,647 Intangible assets — — 22,549 — 22,549 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 28,851 — 28,851 Receivable for securities sold — (403 ) 1,946 — 1,543 Other assets 20,681 52,806 21,897 (20,000 ) 75,384 Total assets $ 1,257,096 $ 796,587 $ 2,518,517 $ (2,570,531 ) $ 2,001,669 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 634,664 $ — $ 634,664 Unearned premiums — — 285,397 — 285,397 Ceded balances payable — — 10,851 — 10,851 Payable for securities purchased — — — — — Contingent commissions — — 7,984 — 7,984 Debt 222,483 72,230 — — 294,713 Notes payable – affiliates 290,498 630,000 5,049 (925,547 ) — Accrued interest payable – affiliates 12,465 19,574 1,324 (33,363 ) — Other liabilities 13,256 11,832 44,578 (20,000 ) 49,666 Total liabilities 538,702 733,636 989,847 (978,910 ) 1,283,275 Shareholders’ equity Total shareholders’ equity 718,394 62,951 1,528,670 (1,591,621 ) 718,394 Total liabilities and shareholders’ equity $ 1,257,096 $ 796,587 $ 2,518,517 $ (2,570,531 ) $ 2,001,669 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor
Schedule of Condensed Consolidating Statements of Operations	Condensed Consolidating Statements of Operations for the Quarter Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Revenues: Net premiums earned $ — $ — $ 113,917 $ — $ 113,917 Net investment income 205 2,711 20,316 (12,278 ) 10,954 Net realized investment gains (losses) (20 ) 3,066 (216 ) — 2,830 Other income — 14 310 — 324 Total revenues 185 5,791 134,327 (12,278 ) 128,025 Losses and Expenses: Net losses and loss adjustment expenses — — 58,861 — 58,861 Acquisition costs and other underwriting expenses — — 47,513 — 47,513 Corporate and other operating expenses 4,719 5,927 272 — 10,918 Interest expense 5,379 11,718 121 (12,278 ) 4,940 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (9,913 ) (11,854 ) 27,560 — 5,793 Equity in net income (loss) of subsidiaries 17,105 3,108 (6,428 ) (13,785 ) — Income (loss) before income taxes 7,192 (8,746 ) 21,132 (13,785 ) 5,793 Income tax benefit — (2,312 ) 913 — (1,399 ) Net income (loss) $ 7,192 $ (6,434 ) $ 20,219 $ (13,785 ) $ 7,192 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Operations for the Quarter Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor Consolidating Global Revenues: Net premiums earned $ — $ — $ 107,073 $ — $ 107,073 Net investment income 142 1,183 18,959 (11,444 ) 8,840 Net realized investment gains (losses) (242 ) (1,026 ) 606 — (662 ) Other income — 1,149 633 — 1,782 Total revenues (100 ) 1,306 127,271 (11,444 ) 117,033 Losses and Expenses: Net losses and loss adjustment expenses — — 57,700 — 57,700 Acquisition costs and other underwriting expenses — — 43,457 — 43,457 Corporate and other operating expenses 920 (4,331 ) 6,772 — 3,361 Interest expense 5,051 11,075 80 (11,444 ) 4,762 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (6,071 ) (5,438 ) 19,262 — 7,753 Equity in net income (loss) of subsidiaries 16,160 (646 ) (3,982 ) (11,532 ) — Income (loss) before income taxes 10,089 (6,084 ) 15,280 (11,532 ) 7,753 Income tax benefit — (1,994 ) (342 ) — (2,336 ) Net income (loss) $ 10,089 $ (4,090 ) $ 15,622 $ (11,532 ) $ 10,089 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global (non-co- obligor subsidiaries (1) Consolidating Global Revenues: Net premiums earned $ — $ 0 $ 221,919 $ — $ 221,919 Net investment income 337 5,912 39,940 (23,831 ) 22,358 Net realized investment gains (losses) (20 ) 2,846 (312 ) — 2,514 Other income — 12 866 — 878 Total revenues 317 8,770 262,413 (23,831 ) 247,669 Losses and Expenses: Net losses and loss adjustment expenses — — 114,933 — 114,933 Acquisition costs and other underwriting expenses — — 92,516 — 92,516 Corporate and other operating expenses 8,977 10,645 556 — 20,178 Interest expense 10,698 22,738 196 (23,831 ) 9,801 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (19,358 ) (24,613 ) 54,212 — 10,241 Equity in net income (loss) of subsidiaries 32,251 10,765 (12,901 ) (30,115 ) — Income (loss) before income taxes 12,893 (13,848 ) 41,311 (30,115 ) 10,241 Income tax expense (benefit) — (947 ) (1,818 ) 113 (2,652 ) Net income (loss) $ 12,893 $ (12,901 ) $ 43,129 $ (30,228 ) $ 12,893 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Operations for the Six Months Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global (non-co- obligor subsidiaries (1) Consolidating Global Revenues: Net premiums earned $ — $ 0 $ 220,199 $ — $ 220,199 Net investment income 152 2,784 34,965 (20,417 ) 17,484 Net realized investment gains (losses) (249 ) (601 ) 963 — 113 Other income — 1,776 1,374 — 3,150 Total revenues (97 ) 3,959 257,501 (20,417 ) 240,946 Losses and Expenses: Net losses and loss adjustment expenses — — 120,261 — 120,261 Acquisition costs and other underwriting expenses — — 90,008 — 90,008 Corporate and other operating expenses 1,500 (5,663 ) 10,578 — 6,415 Interest expense 7,593 19,850 203 (20,417 ) 7,229 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (9,190 ) (10,228 ) 36,451 — 17,033 Equity in net income (loss) of subsidiaries 31,561 (1,688 ) (7,959 ) (21,914 ) — Income (loss) before income taxes 22,371 (11,916 ) 28,492 (21,914 ) 17,033 Income tax benefit — (3,846 ) (1,492 ) — (5,338 ) Net income (loss) $ 22,371 $ (8,070 ) $ 29,984 $ (21,914 ) $ 22,371 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor
Schedule of Condensed Consolidating Statements of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 7,192 $ (6,434 ) $ 20,219 $ (13,785 ) $ 7,192 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (23 ) (475 ) (5,322 ) — (5,820 ) Equity in other comprehensive income (loss) of unconsolidated subsidiaries (5,941 ) (2,517 ) (2,600 ) 11,058 — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (7 ) — (7 ) Reclassification adjustment for gains included in net income (loss) 20 392 199 — 611 Unrealized foreign currency translation gains (losses) — — (728 ) — (728 ) Other comprehensive income (loss), net of tax (5,944 ) (2,600 ) (8,458 ) 11,058 (5,944 ) Comprehensive income (loss), net of tax $ 1,248 $ (9,034 ) $ 11,761 $ (2,727 ) $ 1,248 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 10,089 $ (4,090 ) $ 15,622 $ (11,532 ) $ 10,089 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (235 ) 466 1,920 4 2,155 Equity in other comprehensive income (loss) of unconsolidated subsidiaries 1,647 625 777 (3,049 ) — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (1 ) — (1 ) Reclassification adjustment for gains included in net income (loss) 242 (518 ) (547 ) — (823 ) Unrealized foreign currency translation gains (losses) — 204 119 — 323 Other comprehensive income (loss), net of tax 1,654 777 2,268 (3,045 ) 1,654 Comprehensive income (loss), net of tax $ 11,743 $ (3,313 ) $ 17,890 $ (14,577 ) $ 11,743 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 12,893 $ (12,901 ) $ 43,129 $ (30,228 ) $ 12,893 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (147 ) (2,085 ) (18,776 ) — (21,008 ) Equity in other comprehensive income (loss) of unconsolidated subsidiaries (21,303 ) (9,030 ) (10,726 ) 41,059 — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (8 ) — (8 ) Reclassification adjustment for gains included in net income (loss) 20 389 277 — 686 Unrealized foreign currency translation gains (losses) — — (1,100 ) — (1,100 ) Other comprehensive income (loss), net of tax (21,430 ) (10,726 ) (30,333 ) 41,059 (21,430 ) Comprehensive income (loss), net of tax $ (8,537 ) $ (23,627 ) $ 12,796 $ 10,831 $ (8,537 ) (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Comprehensive Income for the Six Months Ended June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Consolidating Global Net income (loss) $ 22,371 $ (8,070 ) $ 29,984 $ (21,914 ) $ 22,371 Other comprehensive income (loss), net of tax: Unrealized holding gains (losses) (244 ) 3,823 3,739 15 7,333 Equity in other comprehensive income (loss) of unconsolidated subsidiaries 6,599 1,189 4,615 (12,403 ) — Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses) — — (1 ) — (1 ) Reclassification adjustment for gains included in net income (loss) 249 (682 ) (796 ) — (1,229 ) Unrealized foreign currency translation gains (losses) — 285 216 — 501 Other comprehensive income (loss), net of tax 6,604 4,615 7,773 (12,388 ) 6,604 Comprehensive income (loss), net of tax $ 28,975 $ (3,455 ) $ 37,757 $ (34,302 ) $ 28,975 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor
Schedule of Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows at June 30, 2018 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Global Cash flows from operating activities: Net cash provided by (used for) operating activities $ (16,120 ) $ 9,869 $ 65,211 $ 58,960 Cash flows from investing activities: Proceeds from sale of fixed maturities 15,284 24,077 75,095 114,456 Proceeds from sale of equity securities — 17,461 — 17,461 Proceeds from maturity of fixed maturities 5,431 7,600 20,010 33,041 Proceeds from limited partnerships — (1,322 ) 6,193 4,871 Amounts received in connection with derivatives — 6,602 — 6,602 Purchases of fixed maturities (25,485 ) (31,659 ) (157,793 ) (214,937 ) Purchases of equity securities — (17,330 ) — (17,330 ) Purchases of other invested assets — (10,550 ) — (10,550 ) Acquisition of business — (3,515 ) — (3,515 ) Net cash used for investing activities (4,770 ) (8,636 ) (56,495 ) (69,901 ) Cash flows from financing activities: Net borrowings (repayments) under margin borrowing facility — (7,521 ) — (7,521 ) Proceeds / (issuance) of notes to affiliates 230,000 (230,000 ) — — Debt restructuring (230,000 ) 230,000 — — Dividends paid to shareholders (7,001 ) — — (7,001 ) Dividends from subsidiaries 20,000 — (20,000 ) — Capital contribution to a subsidiary — — — — Purchase of A ordinary shares (1,813 ) — — (1,813 ) Net cash provided by (used for) financing activities 11,186 (7,521 ) (20,000 ) (16,335 ) Net change in cash and cash equivalents (9,704 ) (6,288 ) (11,284 ) (27,276 ) Cash and cash equivalents at beginning of period 11,089 7,749 55,576 74,414 Cash and cash equivalents at end of period $ 1,385 $ 1,461 $ 44,292 $ 47,138 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor Condensed Consolidating Statements of Cash Flows at June 30, 2017 (in thousands) Global (Parent co- obligor) Global co-obligor) Other Global Eliminations (non-co- obligor subsidiaries (1) Global Cash flows from operating activities: Net cash provided by (used for) operating activities $ (4,696 ) $ (8,127 ) $ 9,417 $ (3,406 ) Cash flows from investing activities: Proceeds from sale of fixed maturities 10,392 29,043 592,218 631,653 Proceeds from sale of equity securities — 13,740 — 13,740 Proceeds from maturity of fixed maturities 3,000 25,000 25,478 53,478 Proceeds from limited partnerships — 6,629 3,693 10,322 Amounts paid in connection with derivatives — (983 ) — (983 ) Purchases of fixed maturities (29,215 ) (158,412 ) (593,643 ) (781,270 ) Purchases of equity securities — (17,517 ) — (17,517 ) Purchases of other invested assets — (16,500 ) — (16,500 ) Net cash provided by (used for) investing activities (15,823 ) (119,000 ) 27,746 (107,077 ) Cash flows from financing activities: Net borrowings (repayments) under margin borrowing facility — 7,242 — 7,242 Proceeds from issuance of subordinated notes 130,000 — — 130,000 Debt issuance cost (4,246 ) — — (4,246 ) Proceeds / (issuance) of notes to affiliates — 120,000 (120,000 ) — Dividends from subsidiaries — — — — Capital contribution (96,000 ) — 96,000 — Purchase of A ordinary shares (1,159 ) — — (1,159 ) Net cash provided by (used for) financing activities 28,595 127,242 (24,000 ) 131,837 Net change in cash and cash equivalents 8,076 115 13,163 21,354 Cash and cash equivalents at beginning of period 91 5,536 69,483 75,110 Cash and cash equivalents at end of period $ 8,167 $ 5,651 $ 82,646 $ 96,464 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor co-obligor

Principles of Consolidation a34

Principles of Consolidation and Basis of Presentation - Additional Information (Detail) $ in Thousands	Jan. 01, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2018USD ($)SegmentProduct	Jun. 30, 2017USD ($)
Organization And Basis Of Presentation [Line Items]
Date of incorporation			Feb. 9, 2016
State of incorporation			Cayman Islands
Kind of listing			A ordinary shares
Number of business segments | Segment			3
Unrealized gains and losses recognized during the reporting period on equity securities		$ 757	$ (4,171)
Net cash flows from operating activities increase (decrease)			58,960	$ (3,406)
Net cash flows from investing activities increase (decrease)			(69,901)	(107,077)
Restatement Adjustment
Organization And Basis Of Presentation [Line Items]
Net cash flows from operating activities increase (decrease)				1,800
Net cash flows from investing activities increase (decrease)				$ 1,800
Accounting Standards Update 2016-01
Organization And Basis Of Presentation [Line Items]
Cumulative effect adjustment, net of tax	$ (10,000)
Unrealized gains and losses recognized during the reporting period on equity securities		$ 800	$ (4,200)
Commercial Lines Segment
Organization And Basis Of Presentation [Line Items]
Number of product classifications | Product			4

Schedule of Amortized Cost and

Schedule of Amortized Cost and Estimated Fair Value of Investments (Detail) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		$ 1,530,023	$ 1,445,879
Gross Unrealized Gains		1,309	23,021
Gross Unrealized Losses		(26,174)	(9,414)
Estimated Fair Value		1,505,158	1,459,486
Other than temporary impairments recognized in AOCI	[1]	(1)	(1)
Common Shares
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		137,789	124,915
Gross Unrealized Gains			18,574
Gross Unrealized Losses			(3,260)
Estimated Fair Value		137,789	140,229
Other Invested Assets
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		83,499	77,820
Estimated Fair Value		83,499	77,820
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		1,308,735	1,243,144
Gross Unrealized Gains		1,309	4,447
Gross Unrealized Losses		(26,174)	(6,154)
Estimated Fair Value		1,283,870	1,241,437
Other than temporary impairments recognized in AOCI	[1]	(1)	(1)
Fixed Maturities | U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		94,588	105,311
Gross Unrealized Gains		419	562
Gross Unrealized Losses		(2,282)	(1,193)
Estimated Fair Value		92,725	104,680
Fixed Maturities | Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		102,703	94,947
Gross Unrealized Gains		242	441
Gross Unrealized Losses		(754)	(274)
Estimated Fair Value		102,191	95,114
Fixed Maturities | Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		185,803	150,237
Gross Unrealized Gains		242	404
Gross Unrealized Losses		(4,148)	(1,291)
Estimated Fair Value		181,897	149,350
Fixed Maturities | Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		209,352	203,827
Gross Unrealized Gains		134	267
Gross Unrealized Losses		(1,432)	(393)
Estimated Fair Value		208,054	203,701
Other than temporary impairments recognized in AOCI	[1]	(1)	(1)
Fixed Maturities | Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		157,948	140,761
Gross Unrealized Gains		57	101
Gross Unrealized Losses		(4,396)	(1,067)
Estimated Fair Value		153,609	139,795
Fixed Maturities | Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		435,712	422,486
Gross Unrealized Gains		208	2,295
Gross Unrealized Losses		(10,167)	(1,391)
Estimated Fair Value		425,753	423,390
Fixed Maturities | Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		122,629	125,575
Gross Unrealized Gains		7	377
Gross Unrealized Losses		(2,995)	(545)
Estimated Fair Value		$ 119,641	$ 125,407
[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 ($)		6 Months Ended
		Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses			$ 9,414,000
Gross unrealized losses for 12 months or greater	[1]		$ 1,843,000
Insurance enhanced commercial mortgage-backed, and credit securities		$ 34,700,000
Investments in insurance enhanced municipal bonds		1,133,000
Ratings without insurance		0
Investments in commercial mortgage-backed securities and taxable municipal bonds		$ 33,500,000
Asset backed and taxable municipal bonds as a percentage of total cash and invested assets		2.20%
Maximum
Debt Securities, Available-for-sale [Line Items]
Investments in a single issuer as a percentage of shareholders' equity		6.00%	5.00%
Pre-Refunded Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds		$ 0
Municipal Bond Insurance Association
Debt Securities, Available-for-sale [Line Items]
Investments in commercial mortgage-backed securities and taxable municipal bonds		6,000,000
Assured Guaranty Corporation
Debt Securities, Available-for-sale [Line Items]
Investments in commercial mortgage-backed securities and taxable municipal bonds		17,500,000
Taxable Municipal Bonds
Debt Securities, Available-for-sale [Line Items]
Investments in commercial mortgage-backed securities and taxable municipal bonds		23,500,000
Federal Home Loan Mortgage Corporation
Debt Securities, Available-for-sale [Line Items]
Investments in commercial mortgage-backed securities and taxable municipal bonds		10,000,000
AA Rating
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds		$ 1,100,000
Insurance enhanced municipal bonds as a percentage of total cash and invested assets		0.10%
New limited partnership that invests in distressed securities and assets and considered a VIE
Debt Securities, Available-for-sale [Line Items]
Significant variable interest in fair value of the non-consolidated VIE		$ 26,200,000	$ 17,800,000
Variable interest entities, maximum exposure to loss		51,900,000	51,300,000
One of the Company's variable interest VIE's, invests in distressed securities and assets
Debt Securities, Available-for-sale [Line Items]
Significant variable interest in fair value of the non-consolidated VIE		20,100,000	26,300,000
Variable interest entities, maximum exposure to loss		34,300,000	40,500,000
Second VIE that provides financing for middle market companies
Debt Securities, Available-for-sale [Line Items]
Significant variable interest in fair value of the non-consolidated VIE		37,200,000	33,800,000
Variable interest entities, maximum exposure to loss		42,400,000	$ 43,800,000
U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses		2,282,000
U.S. Treasury and Agency Obligations | AA+ Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater		232,000
Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses		754,000
Obligations of States and Political Subdivisions | Investment Grade Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater		121,000
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses		4,148,000
Mortgage Backed Securities | AA+ Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater		$ 82,000
Percentage of unrealized losses for 12 months or greater		98.30%
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses		$ 4,396,000
Weighted average credit enhancement		45.10%
Investments in commercial mortgage-backed securities and taxable municipal bonds		$ 10,000,000
Commercial Mortgage-Backed Securities | AA+ Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater		835,000
Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses		2,995,000
Foreign Corporate Bonds | Investment Grade Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater		$ 318,000
Percentage of unrealized losses for 12 months or greater		77.20%
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses		$ 1,432,000
Weighted average credit enhancement		23.30%
Asset-backed Securities | A Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater		$ 127,000
Percentage of unrealized losses for 12 months or greater		55.60%
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses		$ 10,167,000
Corporate Bonds | A- Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater		$ 782,000
[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	Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Due in one year or less, Amortized Cost	$ 76,366
Due in one year through five years, Amortized Cost	434,414
Due in five years through ten years, Amortized Cost	232,350
Due in ten years through fifteen years, Amortized Cost	8,168
Due after fifteen years, Amortized Cost	4,334
Fixed maturities, amortized cost	1,308,735	$ 1,243,144
Due in one year or less, Estimated Fair value	76,088
Due in one year through five years, Estimated Fair value	426,933
Due in five years through ten years, Estimated Fair value	224,914
Due in ten years through fifteen years, Estimated Fair value	7,997
Due after fifteen years, Estimated Fair value	4,378
Fixed Maturities, estimated fair value	1,283,870	$ 1,241,437
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	185,803
Estimated Fair value	181,897
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	209,352
Estimated Fair value	208,054
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	157,948
Estimated Fair value	$ 153,609

Summary of Securities with Gros

Summary of Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value			$ 655,942
Less than 12 months, Gross Unrealized Losses			(7,571)
12 months or longer, Fair Value	[1]		139,400
12 months or longer, Gross Unrealized Losses	[1]		(1,843)
Total, Fair Value			795,342
Total, Gross Unrealized Losses			(9,414)
U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		$ (2,282)
Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(754)
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(4,148)
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(1,432)
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(4,396)
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(10,167)
Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(2,995)
Common Shares
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value			32,759
Less than 12 months, Gross Unrealized Losses			(3,260)
Total, Fair Value			32,759
Total, Gross Unrealized Losses			(3,260)
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		980,456	623,183
Less than 12 months, Gross Unrealized Losses		(23,677)	(4,311)
12 months or longer, Fair Value	[1]	122,910	139,400
12 months or longer, Gross Unrealized Losses	[1]	(2,497)	(1,843)
Total, Fair Value		1,103,366	762,583
Total, Gross Unrealized Losses		(26,174)	(6,154)
Fixed Maturities | U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		70,067	79,403
Less than 12 months, Gross Unrealized Losses		(2,050)	(962)
12 months or longer, Fair Value	[1]	18,610	17,469
12 months or longer, Gross Unrealized Losses	[1]	(232)	(231)
Total, Fair Value		88,677	96,872
Total, Gross Unrealized Losses		(2,282)	(1,193)
Fixed Maturities | Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		51,802	34,537
Less than 12 months, Gross Unrealized Losses		(633)	(149)
12 months or longer, Fair Value	[1]	9,109	12,060
12 months or longer, Gross Unrealized Losses	[1]	(121)	(125)
Total, Fair Value		60,911	46,597
Total, Gross Unrealized Losses		(754)	(274)
Fixed Maturities | Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		160,818	127,991
Less than 12 months, Gross Unrealized Losses		(4,066)	(1,247)
12 months or longer, Fair Value	[1]	3,700	1,866
12 months or longer, Gross Unrealized Losses	[1]	(82)	(44)
Total, Fair Value		164,518	129,857
Total, Gross Unrealized Losses		(4,148)	(1,291)
Fixed Maturities | Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		139,647	97,817
Less than 12 months, Gross Unrealized Losses		(1,305)	(371)
12 months or longer, Fair Value	[1]	8,586	6,423
12 months or longer, Gross Unrealized Losses	[1]	(127)	(22)
Total, Fair Value		148,233	104,240
Total, Gross Unrealized Losses		(1,432)	(393)
Fixed Maturities | Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		118,579	83,051
Less than 12 months, Gross Unrealized Losses		(3,561)	(523)
12 months or longer, Fair Value	[1]	26,865	27,976
12 months or longer, Gross Unrealized Losses	[1]	(835)	(544)
Total, Fair Value		145,444	111,027
Total, Gross Unrealized Losses		(4,396)	(1,067)
Fixed Maturities | Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		346,269	147,064
Less than 12 months, Gross Unrealized Losses		(9,385)	(754)
12 months or longer, Fair Value	[1]	39,371	53,024
12 months or longer, Gross Unrealized Losses	[1]	(782)	(637)
Total, Fair Value		385,640	200,088
Total, Gross Unrealized Losses		(10,167)	(1,391)
Fixed Maturities | Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		93,274	53,320
Less than 12 months, Gross Unrealized Losses		(2,677)	(305)
12 months or longer, Fair Value	[1]	16,669	20,582
12 months or longer, Gross Unrealized Losses	[1]	(318)	(240)
Total, Fair Value		109,943	73,902
Total, Gross Unrealized Losses		$ (2,995)	$ (545)
[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	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt Securities, Available-for-sale [Line Items]
OTTI losses, gross	$ (371)		$ (371)	$ (31)
Portion of loss recognized in other comprehensive income (pre-tax)	0	$ 0	0	0
Net impairment losses on fixed maturities recognized in earnings	(371)		(371)	(31)
Equity securities		(578)		(657)
Total	$ (371)	$ (578)	$ (371)	$ (688)

Schedule of Credit Losses Recog

Schedule of Credit Losses Recognized in Earnings (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt Securities, Available-for-sale [Line Items]
Balance at beginning of period	$ 13	$ 31	$ 13	$ 31
Additions where no OTTI was previously recorded	0	0	0	0
Additions where an OTTI was previously recorded	0	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	0
Reductions reflecting increases in expected cash flows to be collected	0	0	0	0
Reductions for securities sold during the period		(15)		(15)
Balance at end of period	$ 13	$ 16	$ 13	$ 16

Schedule of Accumulated Other C

Schedule of Accumulated Other Comprehensive Income, Net of Tax (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Debt Securities, Available-for-sale [Line Items]
Foreign currency fluctuations	$ (549)		$ 551
Deferred taxes	2,939		(5,175)
Accumulated other comprehensive income, net of tax	(22,475)	$ (16,531)	8,983	$ 5,986	$ 4,332	$ (618)
Common Shares
Debt Securities, Available-for-sale [Line Items]
Net unrealized gains (losses)			15,314
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Net unrealized gains (losses)	$ (24,865)		$ (1,707)

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (16,531)	$ 4,332	$ 8,983	$ (618)	$ (618)
Other comprehensive income (loss) before reclassification	(6,555)	2,477	(22,116)	7,833
Amounts reclassified from accumulated other comprehensive income (loss)	611	(823)	686	(1,229)
Other comprehensive income (loss)	(5,944)	1,654	(21,430)	6,604
Cumulative effect adjustment	(10,028)		(10,028)
Ending balance	(22,475)	5,986	(22,475)	5,986	8,983
Unrealized Gains and Losses on Available for Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(16,710)	4,218	8,272	(554)	(554)
Other comprehensive income (loss) before reclassification	(5,827)	2,154	(21,016)	7,325
Amounts reclassified from accumulated other comprehensive income (loss)	611	(823)	686	(1,222)
Other comprehensive income (loss)	(5,216)	1,331	(20,330)	6,103
Cumulative effect adjustment	(9,868)		(9,868)
Ending balance	(21,926)	5,549	(21,926)	5,549	8,272
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	179	114	711	(64)	(64)
Other comprehensive income (loss) before reclassification	(728)	323	(1,100)	508
Amounts reclassified from accumulated other comprehensive income (loss)				(7)
Other comprehensive income (loss)	(728)	323	(1,100)	501
Cumulative effect adjustment	(160)		(160)
Ending balance	$ (549)	$ 437	$ (549)	$ 437	$ 711

Reclassifications Out of Accumu

Reclassifications Out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, net of tax	$ 611	$ (823)	$ 686	$ (1,229)
Other net realized investment gains	3,201	(84)	2,885	801
Income before income taxes	5,793	7,753	10,241	17,033
Income tax expense	1,399	2,336	2,652	5,338
Net income	7,192	10,089	12,893	22,371
Unrealized Gains and Losses on Available for Sale Securities
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, net of tax	611	(823)	686	(1,222)
Foreign Currency Items
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, net of tax				(7)
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	361	(1,739)	454	(2,440)
Other than temporary impairment losses on investments	371	578	371	688
Income before income taxes	732	(1,161)	825	(1,752)
Income tax expense	(121)	338	(139)	530
Net income	$ 611	$ (823)	$ 686	(1,222)
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				(11)
Income tax expense				4
Net income				$ (7)

Components of Net Realized Inve

Components of Net Realized Investment Gains (Losses) (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt Securities, Available-for-sale [Line Items]
Total net realized investment gains (losses)		$ 2,830	$ (662)	$ 2,514	$ 113
Not Designated as Hedging Instrument | Interest Rate Swap
Debt Securities, Available-for-sale [Line Items]
Gross realized gains		1,966		6,767	336
Gross realized losses		(469)	(1,823)	(1,119)	(1,986)
Total net realized investment gains (losses)	[1]	1,497	(1,823)	5,648	(1,650)
Common Shares
Debt Securities, Available-for-sale [Line Items]
Gross realized gains		2,874	1,219	6,327	1,794
Gross realized losses		(809)	(582)	(8,636)	(661)
Total net realized investment gains (losses)		2,065	637	(2,309)	1,133
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Gross realized gains		20	2,500	44	2,689
Gross realized losses		(752)	(1,976)	(869)	(2,059)
Total net realized investment gains (losses)		$ (732)	$ 524	$ (825)	$ 630
[1]	Includes periodic net interest settlements related to the derivatives of $0.5 million and $0.9 million for the quarters ended June 30, 2018 and 2017, respectively, and $1.2 million and $2.0 million for the six months ended June 30, 2018 and 2017, respectively.

Components of Net Realized In45

Components of Net Realized Investment Gains (Losses) (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest Rate Swap
Debt Securities, Available-for-sale [Line Items]
Net interest settlements	$ 0.5	$ 0.9	$ 1.2	$ 2

Summary of Calculation of Reali

Summary of Calculation of Realized Gains and Losses (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2018
Debt Securities, Available-for-sale [Line Items]
Net gains and losses recognized during the period on equity securities	$ 2,065	$ (2,309)
Less: Net gains and losses recognized during the period on equity securities sold during the period	1,308	1,862
Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date	$ 757	$ (4,171)

Schedule of Proceeds From Sales

Schedule of Proceeds From Sales and Redemptions of Available for Sale Securities (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Debt Securities, Available-for-sale [Line Items]
Fixed maturities	$ 114,456	$ 631,653
Equity securities	$ 17,461	$ 13,740

Schedule of Investment Income (

Schedule of Investment Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Debt Securities, Available-for-sale [Line Items]
Investment income	$ 11,698	$ 9,565	$ 23,812	$ 19,009
Investment expense	(744)	(725)	(1,454)	(1,525)
Net investment income	10,954	8,840	22,358	17,484
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Investment income	9,188	8,334	17,716	15,012
Equity Securities
Debt Securities, Available-for-sale [Line Items]
Investment income	1,005	844	2,004	1,834
Cash and Cash Equivalents
Debt Securities, Available-for-sale [Line Items]
Investment income	265	311	529	395
Other Invested Assets
Debt Securities, Available-for-sale [Line Items]
Investment income	$ 1,240	$ 76	$ 3,563	$ 1,768

Schedule of Total Investment Re

Schedule of Total Investment Return (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Net Investment Income [Line Items]
Net investment income		$ 10,954	$ 8,840	$ 22,358	$ 17,484
Net realized investment gains (losses)		2,830	(662)	2,514	113
Change in unrealized holding gains and losses		(6,635)	2,073	(24,258)	9,090
Net realized and unrealized investment returns		(3,805)	1,411	(21,744)	9,203
Total investment return		$ 7,149	$ 10,251	$ 614	$ 26,687
Total investment return %	[1]	0.50%	0.60%	0.00%	1.70%
Average investment portfolio	[2]	$ 1,546,801	$ 1,626,877	$ 1,543,593	$ 1,565,015
[1]	Not annualized.
[2]	Average of total cash and invested assets, net of receivable/payable for securities purchased and sold, as of the beginning and end of the period.

Summary of Insurance Enhanced M

Summary of Insurance Enhanced Municipal Bonds Backed by Financial Guarantors (Detail) $ in Thousands	Jun. 30, 2018USD ($)
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	$ 1,133
Municipal Bond Insurance Association
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	1,133
Financial Guarantors
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	1,133
Exposure Net Of Pre-refunded & Government Guaranteed Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	1,133
Exposure Net Of Pre-refunded & Government Guaranteed Securities | Municipal Bond Insurance Association
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	1,133
Exposure Net Of Pre-refunded & Government Guaranteed Securities | Financial Guarantors
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	$ 1,133

Summary of Estimated Fair Value

Summary of Estimated Fair Values of Bonds Held on Deposit (Detail) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		$ 483,106	$ 541,428
On Deposit With Governmental Authorities
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		25,969	26,852
Intercompany Trusts Held For Benefit Of U.S. Policyholders
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		276,687	328,494
Held In Trust Pursuant To Third Party Requirements
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		97,650	94,098
Letter Of Credit Held For Third Party Requirements
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		2,317	3,944
Securities held as collateral for borrowing arrangements
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value	[1]	$ 80,483	$ 88,040
[1]	Amount required to collateralize margin borrowing facility.

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	Jun. 30, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Notional Amount	$ 200,000	$ 200,000
Fair Value	$ (1,201)	$ (7,968)

Summary of Net Gain (Loss) Incl

Summary of Net Gain (Loss) Included in Consolidated Statements of Operations for Changes in Fair Value of Derivatives and Periodic Net Interest Settlements Under Derivatives (Detail) - Interest Rate Swap - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) for changes in fair value and net settlements of derivatives	$ 500	$ 900	$ 1,200	$ 2,000
Net Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) for changes in fair value and net settlements of derivatives	$ 1,497	$ (1,823)	$ 5,648	$ (1,650)

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - Other Assets - USD ($) $ in Millions	Jun. 30, 2018	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Funds needed to post execute swap transaction	$ 2.9	$ 3.1
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Margin calls made in connection with interest rate swaps	$ 2	$ 9.5

Company's Invested Assets and D

Company's Invested Assets and Derivative Instruments Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2018		Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	$ 1,505,158		$ 1,459,486
Common Shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	137,789		140,229
Fixed Maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,283,870		1,241,437
Fixed Maturities | U.S. Treasury and Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	92,725		104,680
Fixed Maturities | Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	102,191		95,114
Fixed Maturities | Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	181,897		149,350
Fixed Maturities | Commercial Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	153,609		139,795
Fixed Maturities | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	208,054		203,701
Fixed Maturities | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	425,753		423,390
Fixed Maturities | Foreign Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	119,641		125,407
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,421,659	[1]	1,381,666	[2]
Total invested liabilities	1,201		7,968
Fair Value, Measurements, Recurring | Derivative instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested liabilities	1,201		7,968
Fair Value, Measurements, Recurring | Common Shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	137,789		140,229
Fair Value, Measurements, Recurring | Fixed Maturities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	1,283,870		1,241,437
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	92,725		104,680
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	102,191		95,114
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	181,897		149,350
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	153,609		139,795
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	208,054		203,701
Fair Value, Measurements, Recurring | Fixed Maturities | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets	425,753		423,390
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	119,641		125,407
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	230,514	[1]	244,909	[2]
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	137,789		140,229
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	92,725		104,680
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	92,725		104,680
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	1,191,145	[1]	1,136,757	[2]
Total invested liabilities	1,201		7,968
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	1,201		7,968
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	1,191,145		1,136,757
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	102,191		95,114
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	181,897		149,350
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	153,609		139,795
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	208,054		203,701
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	425,753		423,390
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	$ 119,641		$ 125,407
[1]	Excluded from the table above are limited partnerships of $83.5 million at June 30, 2018 whose fair value is based on net asset value as a practical expedient.
[2]	Excluded from the table above are limited partnerships of $77.8 million at December 31, 2017 whose fair value is based on net asset value as a practical expedient.

Company's Invested Assets and56

Company's Invested Assets and Derivative Instruments Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other investment in limited partnership	$ 83,499	$ 77,820

Current Fair Value of Debt (Det

Current Fair Value of Debt (Detail) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		$ 287,324	$ 294,713
Debt, fair value		293,811	302,718
7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	[1]	96,680	96,619
Debt, fair value	[1]	99,320	100,059
7.875% Subordinated Notes due 2047
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	[2]	125,935	125,864
Debt, fair value	[2]	129,782	130,429
Margin borrowing facilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		64,709	72,230
Debt, fair value		$ 64,709	$ 72,230
[1]	As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.3 million.
[2]	As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.875% Subordinated Notes due 2047 are net of unamortized debt issuance cost of $4.1 million.

Current Fair Value of Debt (Par

Current Fair Value of Debt (Parenthetical) (Detail) - USD ($) $ in Millions	Apr. 25, 2018	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes due date	2,047
7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes percentage	7.75%	7.75%	7.75%
Subordinated Notes due date	2,045	2,045	2,045
Unamortized Debt Issuance Costs		$ (3.3)	$ (3.3)
7.875% Subordinated Notes due 2047
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes percentage	7.875%	7.875%	7.875%
Subordinated Notes due date	2,047	2,047	2,047
Unamortized Debt Issuance Costs		$ (4.1)	$ (4.1)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Apr. 25, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes due date	2,047
Equity Method Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity in the earnings of liability companies or partnerships		$ 1.2	$ 0.1	$ 3.6	$ 1.8
7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes due date	2,045			2,045		2,045
7.875% Subordinated Notes due 2047
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes due date	2,047			2,047		2,047
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 due date				2,045
Fair Value, Inputs, Level 1 | 7.875% Subordinated Notes due 2047
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes due date				2,047

Fair Value and Future Funding C

Fair Value and Future Funding Commitments Related to These Investments (Detail) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 83,499	$ 77,820
Future Funding Commitments		45,164	57,714
Fair Value, Inputs, Level 3 | Real Estate Fund, LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[1]
Future Funding Commitments	[1]
Fair Value, Inputs, Level 3 | European Non-Performing Loan Fund, LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[2]	20,069	26,262
Future Funding Commitments	[2]	14,214	14,214
Fair Value, Inputs, Level 3 | Private Middle Market Loans, LLC
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[3]	37,244	33,760
Future Funding Commitments	[3]	5,200	10,000
Fair Value, Inputs, Level 3 | Distressed Debt Fund, LP
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[4]	26,186	17,798
Future Funding Commitments	[4]	$ 25,750	$ 33,500
[1]	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.
[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 by 2020.
[3]	This limited partnership provides financing for 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 investment management agreement, the Company anticipates its interest to be redeemed no later than 2024.
[4]	This limited partnership invests in stressed and distressed securities and structured products. 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 to be redeemed no later than 2027.

Fair Value and Future Funding61

Fair Value and Future Funding Commitments Related to These Investments (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2018USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value written down	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Income Tax [Line Items]
Statutory income tax rates	21.00%	35.00%	21.00%	35.00%
Effective income tax benefit rate	24.10%	30.10%	25.90%	31.30%
Adjustments to provisional tax estimates			$ 0
Alternative minimum tax credit carry forward					$ 11,000
Net operating loss carryforwards	$ 16,600		16,600		16,300
AMT credit carryforward reclassed to federal income tax receivable	9,991		9,991		10,332
Section 163(j) carryforward	$ 9,600		$ 9,600		7,900
Alternative Minimum Tax Credits
Income Tax [Line Items]
AMT credit carryforward reclassed to federal income tax receivable					$ 11,000
UNITED STATES
Income Tax [Line Items]
Statutory income tax rates			21.00%
BERMUDA
Income Tax [Line Items]
Statutory income tax rates			0.00%
CAYMAN ISLANDS
Income Tax [Line Items]
Statutory income tax rates			0.00%
LUXEMBOURG
Income Tax [Line Items]
Statutory income tax rates			26.01%
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%
BARBADOS | Minimum
Income Tax [Line Items]
Statutory income tax rates			0.25%
BARBADOS | Maximum
Income Tax [Line Items]
Statutory income tax rates			2.50%

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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Gross premiums written	$ 158,817	$ 143,894	$ 283,064	$ 267,645
Net premiums written	136,454	123,797	244,324	235,303
Net premiums earned	113,917	107,073	221,919	220,199
Net investment income	10,954	8,840	22,358	17,484
Net realized investment gains (losses)	2,830	(662)	2,514	113
Other income	324	1,782	878	3,150
Total revenues	128,025	117,033	247,669	240,946
Losses and Expenses:
Net losses and loss adjustment expenses	58,861	57,700	114,933	120,261
Acquisition costs and other underwriting expenses	47,513	43,457	92,516	90,008
Corporate and other operating expenses	10,918	3,361	20,178	6,415
Interest expense	4,940	4,762	9,801	7,229
Income (loss) before income taxes	5,793	7,753	10,241	17,033
Non-U.S. Subsidiaries
Revenues:
Gross premiums written	20,300	60,061	30,615	114,163
Net premiums written	20,300	60,060	30,614	114,147
Net premiums earned	37,111	49,059	85,133	99,992
Net investment income	12,293	14,560	27,514	26,888
Net realized investment gains (losses)	(159)	196	(164)	237
Other income	(147)	86	(97)	173
Total revenues	49,098	63,901	112,386	127,290
Losses and Expenses:
Net losses and loss adjustment expenses	12,768	22,876	33,333	43,736
Acquisition costs and other underwriting expenses	16,147	20,934	37,287	43,622
Corporate and other operating expenses	4,915	1,123	9,313	2,330
Interest expense	1,552	4,650	6,393	6,974
Income (loss) before income taxes	13,716	14,318	26,060	30,628
U.S. Subsidiaries
Revenues:
Gross premiums written	138,517	126,319	252,449	234,255
Net premiums written	116,154	63,737	213,710	121,156
Net premiums earned	76,806	58,014	136,786	120,207
Net investment income	7,036	5,243	14,224	10,202
Net realized investment gains (losses)	2,989	(858)	2,678	(124)
Other income	471	1,696	975	2,977
Total revenues	87,302	64,095	154,663	133,262
Losses and Expenses:
Net losses and loss adjustment expenses	46,093	34,824	81,600	76,525
Acquisition costs and other underwriting expenses	31,366	22,523	55,229	46,386
Corporate and other operating expenses	6,003	2,238	10,865	4,085
Interest expense	11,763	11,075	22,788	19,861
Income (loss) before income taxes	(7,923)	(6,565)	(15,819)	(13,595)
Eliminations
Revenues:
Gross premiums written		(42,486)		(80,773)
Net investment income	(8,375)	(10,963)	(19,380)	(19,606)
Total revenues	(8,375)	(10,963)	(19,380)	(19,606)
Losses and Expenses:
Interest expense	$ (8,375)	$ (10,963)	$ (19,380)	$ (19,606)

Components of Income Tax Benefi

Components of Income Tax Benefit (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Current income tax expense:
Foreign	$ 85	$ 87	$ 264	$ 183
U.S. Federal	166		732
Total current income tax expense	251	87	996	183
Deferred income tax benefit:
U.S. Federal	(1,650)	(2,423)	(3,648)	(5,521)
Total deferred income tax benefit	(1,650)	(2,423)	(3,648)	(5,521)
Actual tax on continuing operations	$ (1,399)	$ (2,336)	$ (2,652)	$ (5,338)

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	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax [Line Items]
Expected tax provision at weighted average rate	$ (1,497)	$ (2,210)	$ (3,033)	$ (4,574)
Adjustments:
Tax exempt interest	(4)	(67)	(5)	(151)
Dividend exclusion	(70)	(73)	(135)	(266)
Base Erosion Anti-Abuse Tax	165		731
Other	7	14	(210)	(347)
Actual tax on continuing operations	$ (1,399)	$ (2,336)	$ (2,652)	$ (5,338)
Expected tax provision at weighted average rate	(25.80%)	(28.50%)	(29.60%)	(26.90%)
Adjustments:
Tax exempt interest, % of Pre-Tax Income	(0.10%)	(0.90%)	(0.00%)	(0.90%)
Dividend exclusion, % of Pre-Tax Income	(1.20%)	(0.90%)	(1.30%)	(1.60%)
Base Erosion Anti-Abuse Tax	2.90%		7.10%
Other, % of Pre-Tax Income	0.10%	0.20%	(2.10%)	(1.90%)
Actual tax on continuing operations, % of Pre-Tax Income	(24.10%)	(30.10%)	(25.90%)	(31.30%)

Summarized Activity in Liabilit

Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Liability for Claims and Claims Adjustment Expense [Line Items]
Balance at beginning of period	$ 615,125	$ 622,088	$ 634,664	$ 651,042
Less: Ceded reinsurance receivables	92,314	102,646	97,243	130,439
Net balance at beginning of period	522,811	519,442	537,421	520,603
Purchased reserves gross		6,465		8,961
Purchased reserves ceded		(39)		510
Purchased reserves, net of third party reinsurance		6,426		9,471
Incurred losses and loss adjustment expenses related to:
Current year	68,448	73,003	130,447	145,694
Prior years	(9,587)	(15,303)	(15,514)	(25,433)
Total incurred losses and loss adjustment expenses	58,861	57,700	114,933	120,261
Paid losses and loss adjustment expenses related to:
Current year	33,120	42,975	50,574	67,363
Prior years	26,279	29,075	79,507	71,454
Total paid losses and loss adjustment expenses	59,399	72,050	130,081	138,817
Net balance at end of period	522,273	511,518	522,273	511,518
Plus: Ceded reinsurance receivables	91,397	104,245	91,397	104,245
Balance at end of period	$ 613,670	$ 615,763	$ 613,670	$ 615,763

Liability for Unpaid Losses a67

Liability for Unpaid Losses and Loss Adjustment Expenses - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 08, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		$ (9,587)	$ (15,303)	$ (15,514)	$ (25,433)
Commercial Lines Segment
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(5,200)	(13,700)	(7,900)	(18,900)
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			(6,600)		(10,300)
Commercial Lines Segment | General Liability | Accident Years 2006 through 2014, 2016 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(2,300)
Commercial Lines Segment | General Liability | Accident Years 2005 through 2016 | Construction Defect
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(5,000)
Commercial Lines Segment | General Liability | Accident Years 2005 through 2016 | Construction Defect
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve					(5,000)
Commercial Lines Segment | General Liability | Accident Years 2008 through 2011 and 2014 and 2015 | Other General Liability
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(1,600)
Commercial Lines Segment | General Liability | Accident Years 2002 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve				(3,400)
Commercial Lines Segment | General Liability | Accident Years 2007 through 2015 | Other General Liability
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve					(5,300)
Commercial Lines Segment | Commercial Auto Liability | Accident Years 2010, 2012 and 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(1,100)		(2,100)
Commercial Lines Segment | Professional | Accident Years 2008 through 2010 and 2012 through 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(500)
Commercial Lines Segment | Professional | Accident Years 2006 through 2009 and 2011 through 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(3,500)
Commercial Lines Segment | Professional | Accident Years 2010 through 2014
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 2006 through 2009 and 2011 through 2014
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve					(3,400)
Commercial Lines Segment | Property Lines
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(1,300)	(3,500)	(1,700)	(5,200)
Commercial Lines Segment | Property Lines | Accident Years 2014 through 2016 | Non-catastrophe Segments
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(1,000)
Commercial Lines Segment | Property Lines | Accident Years 2017 | Catastrophe segment
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(300)
Commercial Lines Segment | Property Lines | Accident Years 2014 through 2017 | Non-catastrophe Segments
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve				(1,400)
Commercial Lines Segment | Property Lines | Accident Years 2011 through 2016 | Non-catastrophe Segments
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(3,000)		(3,000)
Commercial Lines Segment | Property Lines | Accident Years 2013 through 2015 | Catastrophe segment
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(500)
Commercial Lines Segment | Property Lines | Accident Years 2012 through 2016 | Catastrophe segment
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 | Property Lines | Accident Years 2016 and 2017 | Catastrophe segment
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve				(300)
Personal Lines
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(2,100)		(3,100)	(3,200)
Personal Lines | General Liability | Accident Years 2012, 2016, 2007 and 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(300)
Personal Lines | General Liability | Accident Years 2012, 2014, 2016, 2007 and 2015
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve				(400)
Personal Lines | General Liability | Accident Year 2016
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve					(500)
Personal Lines | Property Lines | Accident Years 2014 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(1,800)		(2,700)
Personal Lines | Property Lines | Accident Year 2016
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve					(2,700)
Reinsurance Operations
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(2,300)	(1,600)	(4,500)	(3,300)
Reinsurance Operations | Property Lines | Accident Years 2011 Through 2016 and 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		$ (2,300)
Reinsurance Operations | Property Lines | Accident Years 2013 through 2015
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			$ (1,600)
Reinsurance Operations | Property Lines | Accident Years 2011 Through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve				$ (4,500)
Reinsurance Operations | Property Lines | Accident Years 2013 through 2015
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve					$ (3,300)
Global Indemnity Group Inc | American Reliable Insurance Company
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Reserve Settlement	$ 41,500
Proceeds for loss and loss adjustment expenses paid	38,800
Proceeds for accrued interest	6,200
Payment for the difference between the agreed upon purchase price and actual settlement	$ 3,500

Outstanding Debt (Detail)

Outstanding Debt (Detail) - USD ($) $ in Thousands		Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Debt		$ 287,324	$ 294,713
7.75% Subordinated Notes due 2045
Debt Instrument [Line Items]
Debt	[1]	96,680	96,619
7.875% Subordinated Notes due 2047
Debt Instrument [Line Items]
Debt	[2]	125,935	125,864
Margin borrowing facilities
Debt Instrument [Line Items]
Debt		$ 64,709	$ 72,230
[1]	As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.3 million.
[2]	As of June 30, 2018 and December 31, 2017, the carrying value and fair value of the 7.875% Subordinated Notes due 2047 are net of unamortized debt issuance cost of $4.1 million.

Outstanding Debt (Parenthetical

Outstanding Debt (Parenthetical) (Detail)	Apr. 25, 2018	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Subordinated Notes due date	2,047
7.75% Subordinated Notes due 2045
Debt Instrument [Line Items]
Subordinated Notes percentage	7.75%	7.75%	7.75%
Subordinated Notes due date	2,045	2,045	2,045
7.875% Subordinated Notes due 2047
Debt Instrument [Line Items]
Subordinated Notes percentage	7.875%	7.875%	7.875%
Subordinated Notes due date	2,047	2,047	2,047

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Millions	Apr. 25, 2018	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Subordinated Notes due date	2,047
Promissory note	$ 230
7.75% Subordinated Notes due 2045
Debt Instrument [Line Items]
Subordinated Notes percentage	7.75%	7.75%	7.75%
Subordinated Notes due date	2,045	2,045	2,045
7.875% Subordinated Notes due 2047
Debt Instrument [Line Items]
Subordinated Notes percentage	7.875%	7.875%	7.875%
Subordinated Notes due date	2,047	2,047	2,047

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Jun. 29, 2018	Jun. 03, 2018	Mar. 29, 2018	Mar. 04, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity [Line Items]
Dividend declared date		Jun. 4, 2018		Mar. 4, 2018
Dividend payable, per share		$ 0.25		$ 0.25
Dividend payable date		Jun. 29, 2018		Mar. 29, 2018
Dividend payable, date of record		Jun. 22, 2018		Mar. 21, 2018
Dividends paid to shareholders	$ 3,500		$ 3,500				$ 7,001
Accrued dividends					$ 100		$ 100
Ordinary Shares B
Equity [Line Items]
Shares repurchased					0	0	0	0
Ordinary Shares A
Equity [Line Items]
Shares repurchased					0	586	45,233	29,551

Information with Respect to Ord

Information with Respect to Ordinary Shares that were Surrendered, Repurchased or Redeemed (Detail) - Ordinary Shares A - USD ($)		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased		0	586	45,233	29,551
Average Price Paid Per Share			$ 38.49	$ 40.07	$ 39.24
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program			0	0	0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs		$ 0	$ 0	$ 0	$ 0
May 1 - 31, 2017
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1]		586		586
Average Price Paid Per Share	[2]		$ 38.49		$ 38.49
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, 2018
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1]			26,639
Average Price Paid Per Share	[2]			$ 42.02
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		$ 0
March 1 -31, 2018
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1]			18,594
Average Price Paid Per Share	[2]			$ 37.27
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		$ 0
January 1 - 31, 2017
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1]				13,656
Average Price Paid Per Share	[2]				$ 38.21
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		$ 0
February 1 - 28, 2017
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1]				15,309
Average Price Paid Per Share	[2]				$ 40.18
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		$ 0
[1]	Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.
[2]	Based on settlement date.

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - Fox Paine and Company - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Related Party Transaction [Line Items]
Company's total outstanding voting power	82.00%		82.00%
Minimum voting power required to nominate Directors	25.00%		25.00%
Management fees	$ 500	$ 500	$ 1,000	$ 1,100
Unpaid management fees	7,800		7,800		$ 6,800
Investment Advice [Member]
Related Party Transaction [Line Items]
Advisory services fees estimated	$ 6,250		$ 12,500

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2014
Commitments and Contingencies [Line Items]
Commitment to purchase alternative investment		$ 50,000	$ 40,000	$ 50,000
Future Funding Commitments	$ 45,164	$ 57,714
European Non-Performing Loan Fund, LP
Commitments and Contingencies [Line Items]
Funded commitment amount	35,800
Private Middle Market Loans, LLC
Commitments and Contingencies [Line Items]
Funded commitment amount	40,000
Distressed Debt Fund, LP
Commitments and Contingencies [Line Items]
Funded commitment amount	24,200
Unfunded Commitments | European Non-Performing Loan Fund, LP
Commitments and Contingencies [Line Items]
Future Funding Commitments	14,200
Unfunded Commitments | Private Middle Market Loans, LLC
Commitments and Contingencies [Line Items]
Future Funding Commitments	5,200
Unfunded Commitments | Distressed Debt Fund, LP
Commitments and Contingencies [Line Items]
Future Funding Commitments	$ 25,800

Share-Based Compensation Plans

Share-Based Compensation Plans - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded	0	0		0
Unvested stock options forfeited	0	0	0	0
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized	2,500,000		2,500,000
Accounting Standards Update 2016-09
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation expense	$ 400		$ 10
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	0	0
Restricted Stock | Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			38,778	22,503
Weighted average fair value per share			$ 40.57	$ 38.21
Shares vested			11,843
Restricted Stock | Key Employees | Share-based Compensation Award, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Jan. 1, 2019	Jan. 1, 2018
Percentage of shares vested on each anniversary of the grant date			16.50%	16.50%
Restricted Stock | Key Employees | Share-based Compensation Award, Tranche 2
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Jan. 1, 2020	Jan. 1, 2019
Percentage of shares vested on each anniversary of the grant date			16.50%	16.50%
Restricted Stock | Key Employees | Share-based Compensation Award, Tranche 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Jan. 1, 2021	Jan. 1, 2020
Percentage of shares vested on each anniversary of the grant date			17.00%	17.00%
Restricted Stock | Key Employees | Vesting Schedule Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Mar. 15, 2021	Mar. 15, 2020
Percentage of shares vested on each anniversary of the grant date			100.00%	100.00%
Percentage of stock award subject to vesting			50.00%	50.00%
Restricted Stock | Non Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	7,792	6,768	16,934	13,468
Weighted average fair value per share	$ 38.98	$ 38.77	$ 36.57	$ 38.63
Stock Options | Chief Executive Officer | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded			0
Stock Options | Chief Executive Officer | Share-based Compensation Award, Tranche 2 | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded					300,000
Stock Options | Chief Executive Officer | Vesting Schedule Two | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Dec. 31, 2019
Stock Options | Chief Executive Officer | Vesting Schedule One | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Dec. 31, 2018
Stock Options | Chief Executive Officer | Vesting Schedule Three | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Dec. 31, 2020
Time Based Option Award | Chief Executive Officer | Share-based Compensation Award, Tranche 3 | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			300,000
Strike price per share			$ 50
Percentage of shares vested on each anniversary of the grant date			33.33%
Time Based Option Award | Chief Executive Officer | Vesting Schedule Two | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Dec. 31, 2019
Time Based Option Award | Chief Executive Officer | Vesting Schedule One | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Dec. 31, 2018
Time Based Option Award | Chief Executive Officer | Vesting Schedule Three | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date			Dec. 31, 2020
Expiration date			Dec. 31, 2027

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Schedule Of Earnings Per Share Basic And Diluted [Line Items]
Net income	$ 7,192	$ 10,089	$ 12,893	$ 22,371
Weighted average shares outstanding - basic	14,092,397	17,335,914	14,073,813	17,326,019
Net income per share	$ 0.51	$ 0.58	$ 0.92	$ 1.29
Weighted average shares outstanding - diluted	14,334,600	17,690,879	14,308,264	17,670,636
Net income per share	$ 0.50	$ 0.57	$ 0.90	$ 1.27

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares for Basic and Diluted Earnings Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Weighted average shares for basic earnings per share	14,092,397	17,335,914	14,073,813	17,326,019
Weighted average shares for diluted earnings per share	14,334,600	17,690,879	14,308,264	17,670,636
Restricted Stock
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Non-vested restricted stock and options	76,775	153,471	70,244	146,992
Stock Options
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Non-vested restricted stock and options	165,428	201,494	164,207	197,625

Earning Per Share - Additional

Earning Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Line Items]
Shares excluded from calculation of diluted earnings per share	600,000	0	600,000	0

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2018Segment
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				6 Months Ended
		Jun. 30, 2018		Jun. 30, 2017		Jun. 30, 2018		Jun. 30, 2017		Dec. 31, 2017
Revenues:
Gross premiums written		$ 158,817		$ 143,894		$ 283,064		$ 267,645
Net premiums written		136,454		123,797		244,324		235,303
Net premiums earned		113,917		107,073		221,919		220,199
Other income		324		1,782		878		3,150
Total revenues		114,241		108,855		222,797		223,349
Losses and Expenses:
Net losses and loss adjustment expenses		58,861		57,700		114,933		120,261
Acquisition costs and other underwriting expenses		47,513		43,457		92,516		90,008
Income (loss) from segments		7,867		7,698		15,348		13,080
Unallocated Items:
Net investment income		10,954		8,840		22,358		17,484
Net realized investment gain		2,830		(662)		2,514		113
Corporate and other operating expenses		(10,918)		(3,361)		(20,178)		(6,415)
Interest expense		(4,940)		(4,762)		(9,801)		(7,229)
Income before income taxes		5,793		7,753		10,241		17,033
Income tax benefit		1,399		2,336		2,652		5,338
Net income		7,192		10,089		12,893		22,371
Total assets		1,981,819		2,104,354		1,981,819		2,104,354		$ 2,001,669
Commercial Lines Segment
Revenues:
Gross premiums written	[1]	69,973		56,752		123,746		102,663
Net premiums written	[1]	61,350		49,439		109,656		90,554
Net premiums earned	[1]	52,252		43,519		99,614		88,511
Other income	[1]			78				78
Total revenues	[1]	52,252		43,597		99,614		88,589
Losses and Expenses:
Net losses and loss adjustment expenses	[1]	25,095		14,169		50,124		34,593
Acquisition costs and other underwriting expenses	[1]	21,051	[2]	18,142	[3]	40,256	[4]	37,161	[5]
Income (loss) from segments	[1]	6,106		11,286		9,234		16,835
Unallocated Items:
Total assets	[1]	896,698		880,084		896,698		880,084
Personal Lines
Revenues:
Gross premiums written	[1]	68,545	[6]	69,572	[7]	128,710	[8]	131,589	[9]
Net premiums written	[1]	54,807		56,789		104,062		111,372
Net premiums earned	[1]	49,880		53,171		100,492		111,834
Other income	[1]	472		1,618		975		2,899
Total revenues	[1]	50,352		54,789		101,467		114,733
Losses and Expenses:
Net losses and loss adjustment expenses	[1]	30,009		39,161		57,630		77,876
Acquisition costs and other underwriting expenses	[1]	22,227	[10]	22,058	[11]	44,406	[12]	46,592	[13]
Income (loss) from segments	[1]	(1,884)		(6,430)		(569)		(9,735)
Unallocated Items:
Total assets	[1]	523,813		494,079		523,813		494,079
Reinsurance Operations
Revenues:
Gross premiums written	[14]	20,299		17,570		30,608		33,393
Net premiums written	[14]	20,297		17,569		30,606		33,377
Net premiums earned	[14]	11,785		10,383		21,813		19,854
Other income	[14]	(148)		86		(97)		173
Total revenues	[14]	11,637		10,469		21,716		20,027
Losses and Expenses:
Net losses and loss adjustment expenses	[14]	3,757		4,370		7,179		7,792
Acquisition costs and other underwriting expenses	[14]	4,235		3,257		7,854		6,255
Income (loss) from segments	[14]	3,645		2,842		6,683		5,980
Unallocated Items:
Total assets	[14],[15]	$ 561,308		$ 730,191		$ 561,308		$ 730,191
[1]	Includes business ceded to the Company's Reinsurance Operations.
[2]	Includes federal excise tax of $116 relating to cessions from Commercial Lines to Reinsurance Operations.
[3]	Includes federal excise tax of $119 relating to cessions from Commercial Lines to Reinsurance Operations.
[4]	Includes federal excise tax of $290 relating to cessions from Commercial Lines to Reinsurance Operations.
[5]	Includes federal excise tax of $239 relating to cessions from Commercial Lines to Reinsurance Operations.
[6]	Includes ($989) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.
[7]	Includes $191 of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.
[8]	Includes ($1,856) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.
[9]	Includes $1,242 of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement
[10]	Includes federal excise tax of $137 relating to cessions from Personal Lines to Reinsurance Operations.
[11]	Includes federal excise tax of $266 relating to cessions from Personal Lines to Reinsurance Operations.
[12]	Includes federal excise tax of $343 relating to cessions from Personal Lines to Reinsurance Operations.
[13]	Includes federal excise tax of $559 relating to cessions from Personal Lines to Reinsurance Operations.
[14]	External business only, excluding business assumed from affiliates.
[15]	Comprised of Global Indemnity Reinsurance's total assets less its investment in subsidiaries.

Summary of Business Segment I81

Summary of Business Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Commercial Lines Segment
Segment Reporting Information [Line Items]
Federal excise tax relating to cessions from Insurance Operations to Reinsurance Operations	$ 116	$ 119	$ 290	$ 239
Personal Lines
Segment Reporting Information [Line Items]
Federal excise tax relating to cessions from Insurance Operations to Reinsurance Operations	137	266	343	559
American Reliable Insurance Company | Personal Lines
Segment Reporting Information [Line Items]
Ceded premiums written	$ (989)	$ 191	$ (1,856)	$ 1,242
Quota share agreement percentage	100.00%	100.00%	100.00%	100.00%

Condensed Consolidating Finan82

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2018
Global Indemnity Group Inc
Condensed Financial Statements, Captions [Line Items]
Ownership percentage in subsidiary	100.00%

Schedule of Condensed Consolida

Schedule of Condensed Consolidating Balance Sheets (Detail) - USD ($) $ in Thousands		Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
ASSETS
Total investments		$ 1,505,158		$ 1,459,486
Cash and cash equivalents		47,138		74,414	$ 96,464		$ 75,110
Premiums receivable, net		92,567		84,386
Reinsurance receivables, net		96,568		105,060
Funds held by ceding insurers		52,110		45,300
Federal income taxes receivable		9,991		10,332
Deferred federal income taxes		32,843		26,196
Deferred acquisition costs		65,504		61,647
Intangible assets		22,285		22,549
Goodwill		6,521		6,521
Prepaid reinsurance premiums		25,237		28,851
Receivable for securities sold				1,543
Other assets		25,897		75,384
Total assets		1,981,819		2,001,669	2,104,354
Liabilities:
Unpaid losses and loss adjustment expenses		613,670	$ 615,125	634,664	615,763	$ 622,088	651,042
Unearned premiums		304,188		285,397
Ceded balances payable		21,848		10,851
Payable for securities purchased		553
Contingent commissions		6,496		7,984
Debt		287,324		294,713
Other liabilities		45,323		49,666
Total liabilities		1,279,402		1,283,275
Shareholders' equity
Total shareholders' equity		702,417		718,394
Total liabilities and shareholders' equity		1,981,819		2,001,669
Global Indemnity Limited (Parent co-obligor)
ASSETS
Total investments		17,712		13,118
Cash and cash equivalents		1,385		11,089	8,167		91
Investments in subsidiaries		1,218,698		1,207,590
Due from subsidiaries and affiliates		4,507		4,618
Other assets		8,057		20,681
Total assets		1,250,359		1,257,096
Liabilities:
Debt				222,483
Notes payable - affiliates		520,498		290,498
Accrued interest payable - affiliates		17,335		12,465
Other liabilities		10,109		13,256
Total liabilities		547,942		538,702
Shareholders' equity
Total shareholders' equity		702,417		718,394
Total liabilities and shareholders' equity		1,250,359		1,257,096
Global Indemnity Group, Inc.(Subsidiary co-obligor)
ASSETS
Total investments		313,031		309,891
Cash and cash equivalents		1,461		7,749	5,651		5,536
Investments in subsidiaries		323,017		321,194
Due from subsidiaries and affiliates		(8,334)		(6,513)
Notes receivable - affiliate		80,049		80,049
Interest receivable - affiliate		3,285		2,721
Federal income taxes receivable		9,687		7,560
Deferred federal income taxes		26,913		21,533
Receivable for securities sold				(403)
Other assets		8,009		52,806
Total assets		757,118		796,587
Liabilities:
Payable for securities purchased		(3,041)
Debt		294,709		72,230
Notes payable - affiliates		400,000		630,000
Accrued interest payable - affiliates		13,594		19,574
Other liabilities		12,276		11,832
Total liabilities		717,538		733,636
Shareholders' equity
Total shareholders' equity		39,580		62,951
Total liabilities and shareholders' equity		757,118		796,587
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
ASSETS
Total investments	[1]	1,174,415		1,136,477
Cash and cash equivalents	[1]	44,292		55,576	$ 82,646		$ 69,483
Investments in subsidiaries	[1]	39,581		62,950
Due from subsidiaries and affiliates	[1]	3,827		1,895
Notes receivable - affiliate	[1]	845,498		845,498
Interest receivable - affiliate	[1]	29,114		30,642
Premiums receivable, net	[1]	92,567		84,386
Reinsurance receivables, net	[1]	96,568		105,060
Funds held by ceding insurers	[1]	52,110		45,300
Federal income taxes receivable	[1]	304		2,489
Deferred federal income taxes	[1]	5,930		4,833
Deferred acquisition costs	[1]	65,504		61,647
Intangible assets	[1]	22,285		22,549
Goodwill	[1]	6,521		6,521
Prepaid reinsurance premiums	[1]	25,237		28,851
Receivable for securities sold	[1]			1,946
Other assets	[1]	17,216		21,897
Total assets	[1]	2,520,969		2,518,517
Liabilities:
Unpaid losses and loss adjustment expenses	[1]	613,670		634,664
Unearned premiums	[1]	304,188		285,397
Ceded balances payable	[1]	21,848		10,851
Payable for securities purchased	[1]	3,594
Contingent commissions	[1]	6,496		7,984
Notes payable - affiliates	[1]	5,049		5,049
Accrued interest payable - affiliates	[1]	1,470		1,324
Other liabilities	[1]	22,926		44,578
Total liabilities	[1]	979,241		989,847
Shareholders' equity
Total shareholders' equity	[1]	1,541,728		1,528,670
Total liabilities and shareholders' equity	[1]	2,520,969		2,518,517
Consolidation Adjustments
ASSETS
Investments in subsidiaries	[2]	(1,581,296)		(1,591,734)
Notes receivable - affiliate	[2]	(925,547)		(925,547)
Interest receivable - affiliate	[2]	(32,399)		(33,363)
Federal income taxes receivable	[2]			283
Deferred federal income taxes	[2]			(170)
Other assets	[2]	(7,385)		(20,000)
Total assets	[2]	(2,546,627)		(2,570,531)
Liabilities:
Debt	[2]	(7,385)
Notes payable - affiliates	[2]	(925,547)		(925,547)
Accrued interest payable - affiliates	[2]	(32,399)		(33,363)
Other liabilities	[2]	12		(20,000)
Total liabilities	[2]	(965,319)		(978,910)
Shareholders' equity
Total shareholders' equity	[2]	(1,581,308)		(1,591,621)
Total liabilities and shareholders' equity	[2]	$ (2,546,627)		$ (2,570,531)
[1]	Includes all other subsidiaries of Global Indemnity Limited and eliminations
[2]	Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments

Schedule of Condensed Consoli84

Schedule of Condensed Consolidating Statements of Operations (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Net premiums earned		$ 113,917	$ 107,073	$ 221,919	$ 220,199
Net investment income		10,954	8,840	22,358	17,484
Net realized investment gains (losses)		2,830	(662)	2,514	113
Other income		324	1,782	878	3,150
Total revenues		128,025	117,033	247,669	240,946
Losses and Expenses:
Net losses and loss adjustment expenses		58,861	57,700	114,933	120,261
Acquisition costs and other underwriting expenses		47,513	43,457	92,516	90,008
Corporate and other operating expenses		10,918	3,361	20,178	6,415
Interest expense		4,940	4,762	9,801	7,229
Income before income taxes		5,793	7,753	10,241	17,033
Income (loss) before income taxes		5,793	7,753	10,241	17,033
Income tax benefit		(1,399)	(2,336)	(2,652)	(5,338)
Net income		7,192	10,089	12,893	22,371
Global Indemnity Limited (Parent co-obligor)
Revenues:
Net investment income		205	142	337	152
Net realized investment gains (losses)		(20)	(242)	(20)	(249)
Total revenues		185	(100)	317	(97)
Losses and Expenses:
Corporate and other operating expenses		4,719	920	8,977	1,500
Interest expense		5,379	5,051	10,698	7,593
Income before income taxes		(9,913)	(6,071)	(19,358)	(9,190)
Equity in net income (loss) of subsidiaries		17,105	16,160	32,251	31,561
Income (loss) before income taxes		7,192	10,089	12,893	22,371
Net income		7,192	10,089	12,893	22,371
Global Indemnity Group, Inc.(Subsidiary co-obligor)
Revenues:
Net premiums earned				0	0
Net investment income		2,711	1,183	5,912	2,784
Net realized investment gains (losses)		3,066	(1,026)	2,846	(601)
Other income		14	1,149	12	1,776
Total revenues		5,791	1,306	8,770	3,959
Losses and Expenses:
Corporate and other operating expenses		5,927	(4,331)	10,645	(5,663)
Interest expense		11,718	11,075	22,738	19,850
Income before income taxes		(11,854)	(5,438)	(24,613)	(10,228)
Equity in net income (loss) of subsidiaries		3,108	(646)	10,765	(1,688)
Income (loss) before income taxes		(8,746)	(6,084)	(13,848)	(11,916)
Income tax benefit		(2,312)	(1,994)	(947)	(3,846)
Net income		(6,434)	(4,090)	(12,901)	(8,070)
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
Revenues:
Net premiums earned	[1]	113,917	107,073	221,919	220,199
Net investment income	[1]	20,316	18,959	39,940	34,965
Net realized investment gains (losses)	[1]	(216)	606	(312)	963
Other income	[1]	310	633	866	1,374
Total revenues	[1]	134,327	127,271	262,413	257,501
Losses and Expenses:
Net losses and loss adjustment expenses	[1]	58,861	57,700	114,933	120,261
Acquisition costs and other underwriting expenses	[1]	47,513	43,457	92,516	90,008
Corporate and other operating expenses	[1]	272	6,772	556	10,578
Interest expense	[1]	121	80	196	203
Income before income taxes	[1]	27,560	19,262	54,212	36,451
Equity in net income (loss) of subsidiaries	[1]	(6,428)	(3,982)	(12,901)	(7,959)
Income (loss) before income taxes	[1]	21,132	15,280	41,311	28,492
Income tax benefit	[1]	913	(342)	(1,818)	(1,492)
Net income	[1]	20,219	15,622	43,129	29,984
Consolidation Adjustments
Revenues:
Net investment income	[2]	(12,278)	(11,444)	(23,831)	(20,417)
Total revenues	[2]	(12,278)	(11,444)	(23,831)	(20,417)
Losses and Expenses:
Interest expense	[2]	(12,278)	(11,444)	(23,831)	(20,417)
Equity in net income (loss) of subsidiaries	[2]	(13,785)	(11,532)	(30,115)	(21,914)
Income (loss) before income taxes	[2]	(13,785)	(11,532)	(30,115)	(21,914)
Income tax benefit	[2]			113
Net income	[2]	$ (13,785)	$ (11,532)	$ (30,228)	$ (21,914)
[1]	Includes all other subsidiaries of Global Indemnity Limited and eliminations
[2]	Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments

Schedule of Condensed Consoli85

Schedule of Condensed Consolidating Statements of Comprehensive Income (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		$ 7,192	$ 10,089	$ 12,893	$ 22,371
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)		(5,820)	2,155	(21,008)	7,333
Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses)		(7)	(1)	(8)	(1)
Reclassification adjustment for gains included in net income (loss)		611	(823)	686	(1,229)
Unrealized foreign currency translation gains (losses)		(728)	323	(1,100)	501
Other comprehensive income (loss)		(5,944)	1,654	(21,430)	6,604
Comprehensive income (loss), net of tax		1,248	11,743	(8,537)	28,975
Global Indemnity Limited (Parent co-obligor)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		7,192	10,089	12,893	22,371
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)		(23)	(235)	(147)	(244)
Equity in other comprehensive income (loss) of unconsolidated subsidiaries		(5,941)	1,647	(21,303)	6,599
Reclassification adjustment for gains included in net income (loss)		20	242	20	249
Other comprehensive income (loss)		(5,944)	1,654	(21,430)	6,604
Comprehensive income (loss), net of tax		1,248	11,743	(8,537)	28,975
Global Indemnity Group, Inc.(Subsidiary co-obligor)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		(6,434)	(4,090)	(12,901)	(8,070)
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)		(475)	466	(2,085)	3,823
Equity in other comprehensive income (loss) of unconsolidated subsidiaries		(2,517)	625	(9,030)	1,189
Reclassification adjustment for gains included in net income (loss)		392	(518)	389	(682)
Unrealized foreign currency translation gains (losses)			204		285
Other comprehensive income (loss)		(2,600)	777	(10,726)	4,615
Comprehensive income (loss), net of tax		(9,034)	(3,313)	(23,627)	(3,455)
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	[1]	20,219	15,622	43,129	29,984
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)	[1]	(5,322)	1,920	(18,776)	3,739
Equity in other comprehensive income (loss) of unconsolidated subsidiaries	[1]	(2,600)	777	(10,726)	4,615
Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses)	[1]	(7)	(1)	(8)	(1)
Reclassification adjustment for gains included in net income (loss)	[1]	199	(547)	277	(796)
Unrealized foreign currency translation gains (losses)	[1]	(728)	119	(1,100)	216
Other comprehensive income (loss)	[1]	(8,458)	2,268	(30,333)	7,773
Comprehensive income (loss), net of tax	[1]	11,761	17,890	12,796	37,757
Consolidation Adjustments
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	[2]	(13,785)	(11,532)	(30,228)	(21,914)
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)	[2]		4		15
Equity in other comprehensive income (loss) of unconsolidated subsidiaries	[2]	11,058	(3,049)	41,059	(12,403)
Other comprehensive income (loss)	[2]	11,058	(3,045)	41,059	(12,388)
Comprehensive income (loss), net of tax	[2]	$ (2,727)	$ (14,577)	$ 10,831	$ (34,302)
[1]	Includes all other subsidiaries of Global Indemnity Limited and eliminations
[2]	Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments

Schedule of Condensed Consoli86

Schedule of Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Thousands		Jun. 29, 2018	Mar. 29, 2018	Jun. 30, 2018	Jun. 30, 2017
Cash flows from operating activities:
Net cash provided by (used for) operating activities				$ 58,960	$ (3,406)
Cash flows from investing activities:
Proceeds from sale of fixed maturities				114,456	631,653
Proceeds from sale of equity securities				17,461	13,740
Proceeds from maturity of fixed maturities				33,041	53,478
Proceeds from limited partnerships				4,871	10,322
Amounts received in connection with derivatives				6,602
Amounts paid in connection with derivatives				6,602	(983)
Purchases of fixed maturities				(214,937)	(781,270)
Purchases of equity securities				(17,330)	(17,517)
Purchases of other invested assets				(10,550)	(16,500)
Acquisition of business				(3,515)
Net cash provided by (used for) investing activities				(69,901)	(107,077)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility				(7,521)	7,242
Proceeds from issuance of subordinated notes					130,000
Debt issuance cost					(4,246)
Dividends paid to shareholders		$ (3,500)	$ (3,500)	(7,001)
Capital contribution to a subsidiary				0
Purchase of A ordinary shares				(1,813)	(1,159)
Net cash provided by (used for) financing activities				(16,335)	131,837
Net change in cash and cash equivalents				(27,276)	21,354
Cash and cash equivalents at beginning of period				74,414	75,110
Cash and cash equivalents at end of period				47,138	96,464
Global Indemnity Limited (Parent co-obligor)
Cash flows from operating activities:
Net cash provided by (used for) operating activities				(16,120)	(4,696)
Cash flows from investing activities:
Proceeds from sale of fixed maturities				15,284	10,392
Proceeds from maturity of fixed maturities				5,431	3,000
Purchases of fixed maturities				(25,485)	(29,215)
Net cash provided by (used for) investing activities				(4,770)	(15,823)
Cash flows from financing activities:
Proceeds from issuance of subordinated notes					130,000
Debt issuance cost					(4,246)
Proceeds / (issuance) of notes to affiliates				230,000
Debt restructuring				(230,000)
Dividends paid to shareholders				(7,001)
Dividends from subsidiaries				20,000
Capital contribution to a subsidiary				0
Capital contribution					(96,000)
Purchase of A ordinary shares				(1,813)	(1,159)
Net cash provided by (used for) financing activities				11,186	28,595
Net change in cash and cash equivalents				(9,704)	8,076
Cash and cash equivalents at beginning of period				11,089	91
Cash and cash equivalents at end of period				1,385	8,167
Global Indemnity Group, Inc.(Subsidiary co-obligor)
Cash flows from operating activities:
Net cash provided by (used for) operating activities				9,869	(8,127)
Cash flows from investing activities:
Proceeds from sale of fixed maturities				24,077	29,043
Proceeds from sale of equity securities				17,461	13,740
Proceeds from maturity of fixed maturities				7,600	25,000
Proceeds from limited partnerships				(1,322)	6,629
Amounts received in connection with derivatives				6,602
Amounts paid in connection with derivatives					(983)
Purchases of fixed maturities				(31,659)	(158,412)
Purchases of equity securities				(17,330)	(17,517)
Purchases of other invested assets				(10,550)	(16,500)
Acquisition of business				(3,515)
Net cash provided by (used for) investing activities				(8,636)	(119,000)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility				(7,521)	7,242
Proceeds / (issuance) of notes to affiliates				(230,000)	120,000
Debt restructuring				230,000
Capital contribution to a subsidiary				0
Net cash provided by (used for) financing activities				(7,521)	127,242
Net change in cash and cash equivalents				(6,288)	115
Cash and cash equivalents at beginning of period				7,749	5,536
Cash and cash equivalents at end of period				1,461	5,651
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
Cash flows from operating activities:
Net cash provided by (used for) operating activities	[1]			65,211	9,417
Cash flows from investing activities:
Proceeds from sale of fixed maturities	[1]			75,095	592,218
Proceeds from maturity of fixed maturities	[1]			20,010	25,478
Proceeds from limited partnerships	[1]			6,193	3,693
Purchases of fixed maturities	[1]			(157,793)	(593,643)
Net cash provided by (used for) investing activities	[1]			(56,495)	27,746
Cash flows from financing activities:
Proceeds / (issuance) of notes to affiliates	[1]				(120,000)
Dividends from subsidiaries	[1]			(20,000)
Capital contribution to a subsidiary	[1]			0
Capital contribution	[1]				96,000
Net cash provided by (used for) financing activities	[1]			(20,000)	(24,000)
Net change in cash and cash equivalents	[1]			(11,284)	13,163
Cash and cash equivalents at beginning of period	[1]			55,576	69,483
Cash and cash equivalents at end of period	[1]			$ 44,292	$ 82,646
[1]	Includes all other subsidiaries of Global Indemnity Limited and eliminations

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2014	Jan. 01, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment	$ (10,028,000)		$ (10,028,000)
Stock options awarded	0	0		0
Unrealized gains and losses recognized during the reporting period on equity securities	$ 757,000		$ (4,171,000)
Stock Options | Chief Executive Officer | Employment Agreement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock options awarded			0
Stock Options | Chief Executive Officer | Share-based Compensation Award, Tranche 2 | Employment Agreement
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Stock options awarded					300,000
Accounting Standards Update 2016-01
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment						$ (10,000,000)
Unrealized gains and losses recognized during the reporting period on equity securities	800,000		$ (4,200,000)
Accounting Standard Update 2018-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment						100,000
Accounting Standard Update 2017-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment	0		0
Stock based compensation expense	$ 400,000		$ 10,000
Accounting Standards Update 2016-16
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment						$ 200,000