Exhibit 99.1
PRESS RELEASE
For release: June 2, 2022
Contact: Media
Stephen W. Ries
Head of Investor Relations
(610) 668-3270
sries@gbli.com
Global Indemnity Group, LLC Announces Quarterly Distribution
Bala Cynwyd, Pennsylvania, (June 2, 2022) – Global Indemnity Group, LLC (NYSE:GBLI) (“GBLI”), ) announced today its Board of Directors has approved a distribution payment of $0.25 per common share to be paid on June 30, 2022 to all shareholders of record as of the close of business on June 20, 2022.
About Global Indemnity Group, LLC and its subsidiaries
Global Indemnity Group, LLC (NYSE:GBLI), through its several direct and indirect wholly owned subsidiary insurance companies, provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. Global Indemnity Group, LLC’s four primary segments are:
| • | Commercial Specialty |
| • | Reinsurance |
| • | Farm, Ranch, & Equine |
| • | Exited Lines |
For more information, visit the Company’s website at www.gbli.com.
Forward-Looking Information
The forward-looking statements contained in this press release1 do not address a number of risks and uncertainties including, COVID-19. Investors are cautioned that Global Indemnity’s actual results may be materially different from the estimates expressed in, or implied, or projected by, the forward looking statements. These statements are based on estimates and information available to us at the time of this press release. All forward-looking statements in this press release are based on information available to Global Indemnity as of the date hereof. Please see Global Indemnity’s filings with the Securities and Exchange Commission for a discussion of risks and uncertainties which could impact the company and for a more detailed explication regarding forward-looking statements. Global Indemnity does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
| [1] | Disseminated pursuant to the “safe harbor” provisions of Section 21E of the Security Exchange Act of 1934. |