Global Indemnity (GBLI) 10-Q 10 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 03, 2019
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Trading Symbol	GBLI
Entity Registrant Name	Global Indemnity Ltd
Entity Central Index Key	0001494904
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Ordinary Shares A
Document Information [Line Items]
Entity Ordinary Shares, Shares Outstanding		10,113,527
Ordinary Shares B
Document Information [Line Items]
Entity Ordinary Shares, Shares Outstanding		4,133,366

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fixed maturities:
Available for sale, at fair value (amortized cost: $1,291,128 and $1,257,830)	$ 1,294,555	$ 1,235,155
Equity securities, at fair value	142,534	124,747
Other invested assets	48,705	50,753
Total investments	1,485,794	1,410,655
Cash and cash equivalents	37,874	99,497
Premiums receivable, net	92,477	87,679
Reinsurance receivables, net	102,346	114,418
Funds held by ceding insurers	44,902	49,206
Federal income taxes receivable	11,069	10,866
Deferred federal income taxes	40,943	48,589
Deferred acquisition costs	62,854	61,676
Intangible assets	21,888	22,020
Goodwill	6,521	6,521
Prepaid reinsurance premiums	19,041	20,594
Receivable for securities sold	0	15
Other assets	59,199	28,530
Total assets	1,984,908	1,960,266
Liabilities:
Unpaid losses and loss adjustment expenses	645,959	680,031
Unearned premiums	281,684	281,912
Ceded balances payable	14,573	14,994
Payable for securities purchased	5,252	0
Contingent commissions	7,170	10,636
Debt	294,581	288,565
Other liabilities	68,034	55,069
Total liabilities	1,317,253	1,331,207
Commitments and contingencies (Note 10)
Shareholders’ equity:
Ordinary shares, $0.0001 par value, 900,000,000 ordinary shares authorized; A ordinary shares issued: 10,223,976 and 10,171,954 respectively; A ordinary shares outstanding: 10,113,527 and 10,095,312, respectively; B ordinary shares issued and outstanding: 4,133,366 and 4,133,366, respectively	2	2
Additional paid-in capital	438,783	438,182
Accumulated other comprehensive income (loss), net of taxes	1,669	(21,231)
Retained earnings	231,176	215,132
Total shareholders’ equity	667,655	629,059
Total liabilities and shareholders’ equity	1,984,908	1,960,266
Ordinary Shares A
Shareholders’ equity:
A ordinary shares in treasury, at cost: 110,449 and 76,642 shares, respectively	(3,975)	(3,026)
Total shareholders’ equity	$ 0	$ 1

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Available for sale, amortized cost	$ 1,291,128	$ 1,257,830
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	10,223,976	10,171,954
Ordinary shares, shares outstanding	10,113,527	10,095,312
Treasury shares, shares	110,449	76,642
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
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Gross premiums written	$ 142,201	$ 124,247
Net premiums written	123,416	107,870
Net premiums earned	122,089	108,002
Net investment income	7,219	11,404
Net realized investment gains (losses):
Other than temporary impairment losses on investments	(1,897)	0
Other net realized investment gains (losses)	12,287	(316)
Total net realized investment gains (losses)	10,390	(316)
Other income	488	554
Total revenues	140,186	119,644
Losses and Expenses:
Net losses and loss adjustment expenses	58,321	56,072
Acquisition costs and other underwriting expenses	49,743	45,003
Corporate and other operating expenses	3,205	9,260
Interest expense	5,023	4,861
Income before income taxes	23,894	4,448
Income tax expense (benefit)	4,294	(1,253)
Net income	$ 19,600	$ 5,701
Net income
Basic	$ 1.38	$ 0.41
Diluted	$ 1.37	$ 0.40
Weighted-average number of shares outstanding
Basic	14,153,918	14,055,022
Diluted	14,315,091	14,285,837
Cash dividends declared per share	$ 0.25	$ 0.25

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 19,600	$ 5,701
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)	20,785	(15,188)
Portion of other-than-temporary impairment losses recognized in other comprehensive income (losses)	(1)	(1)
Reclassification adjustment for losses included in net income	1,922	75
Unrealized foreign currency translation gains (losses)	194	(372)
Other comprehensive income (loss), net of tax	22,900	(15,486)
Comprehensive income (loss), net of tax	$ 42,500	$ (9,785)

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Accumulated other comprehensive income (loss), net of deferred income tax	Retained Earnings	Treasury Shares	Ordinary Shares A	Ordinary Shares ATreasury Shares	Ordinary Shares B
Number at Dec. 31, 2017					29,551	10,102,927		4,133,366
A ordinary shares purchased							45,233
Retirement of shares					0
Ordinary shares issued under share incentive plans						38,061
Ordinary shares issued to directors						9,142
Number at Mar. 31, 2018					74,784	10,150,130		0
Balance at Dec. 31, 2017		$ 434,730	$ 8,983	$ 275,838	$ (1,159)	$ 1		$ 1
A ordinary shares purchased, at cost							$ (1,813)
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses)			(15,113)
Change in other than temporary impairment losses recognized in other comprehensive income (loss)			(1)
Unrealized foreign currency translation gains (losses)	$ (372)		(372)
Other comprehensive income (loss), net of tax	(15,486)		(15,486)
Net income	5,701			5,701
Dividends to shareholders				(3,550)
Share compensation plans		336
Balance at Mar. 31, 2018	703,752	435,066	(16,531)	288,187	$ (2,972)	$ 0		$ 0
Other comprehensive income (loss), net of tax:
Cumulative effect adjustment resulting from adoption of new accounting guidance			(10,028)	10,198
Number at Dec. 31, 2018					76,642	10,171,954		4,133,366
A ordinary shares purchased							27,028
Retirement of shares					6,779
Ordinary shares issued under share incentive plans						36,180
Ordinary shares issued to directors						15,842
Number at Mar. 31, 2019					110,449	10,223,976		0
Balance at Dec. 31, 2018	629,059	438,182	(21,231)	215,132	$ (3,026)	$ 1		$ 1
A ordinary shares purchased, at cost							$ (949)
Other comprehensive income (loss), net of tax:
Change in unrealized holding gains (losses)			22,707
Change in other than temporary impairment losses recognized in other comprehensive income (loss)			(1)
Unrealized foreign currency translation gains (losses)	194		194
Other comprehensive income (loss), net of tax	22,900		22,900
Net income	19,600			19,600
Dividends to shareholders				(3,551)
Share compensation plans		601
Balance at Mar. 31, 2019	$ 667,655	$ 438,783	1,669	231,176	$ (3,975)	$ 0		$ 0
Other comprehensive income (loss), net of tax:
Cumulative effect adjustment resulting from adoption of new accounting guidance			$ 0	$ (5)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - $ / shares	Mar. 31, 2019	Mar. 31, 2018
Retained Earnings
Dividend payable, per share	$ 0.25	$ 0.25

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net income	$ 19,600	$ 5,701
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Amortization and depreciation	1,783	1,791
Amortization of debt issuance costs	66	66
Restricted stock and stock option expense	601	336
Deferred federal income taxes	4,248	(1,998)
Amortization of bond premium and discount, net	1,189	1,543
Net realized investment (gains) losses	(10,390)	316
Equity in the earnings of equity method limited liability investments	4,103	0
Changes in:
Premiums receivable, net	(4,798)	7,112
Reinsurance receivables, net	12,072	7,413
Funds held by ceding insurers	4,498	(4,168)
Unpaid losses and loss adjustment expenses	(34,072)	(19,539)
Unearned premiums	(228)	(4,335)
Ceded balances payable	(421)	1,077
Other assets and liabilities, net	(18,147)	45,398
Contingent commissions	(3,466)	(4,092)
Federal income tax receivable/payable	(203)	175
Deferred acquisition costs, net	(1,178)	222
Prepaid reinsurance premiums	1,553	4,209
Net cash provided by (used for) operating activities	(23,190)	41,227
Cash flows from investing activities:
Proceeds from sale of fixed maturities	61,258	47,148
Proceeds from sale of equity securities	15,354	9,283
Proceeds from maturity of fixed maturities	19,352	18,281
Proceeds from other invested assets	1,445	2,711
Amounts received (paid) in connection with derivatives	(3,735)	5,490
Purchases of fixed maturities	(112,024)	(93,603)
Purchases of equity securities	(17,989)	(7,340)
Purchases of other invested assets	(3,500)	(7,050)
Acquisition of business	0	(3,515)
Net cash used for investing activities	(39,839)	(28,595)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility	5,950	(8,212)
Dividends paid to shareholders	(3,595)	(3,499)
Purchases of A ordinary shares	(949)	(1,813)
Net cash provided by (used for) financing activities	1,406	(13,524)
Net change in cash and cash equivalents	(61,623)	(892)
Cash and cash equivalents at beginning of period	99,497	74,414
Cash and cash equivalents at end of period	$ 37,874	$ 73,522

Principles of Consolidation and

Principles of Consolidation and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Principles of Consolidation and Basis of Presentation	1. 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 2018 Annual Report on Form 10-K for more information on the Company’s redomestication. The Company manages its business through four business segments: Commercial Specialty, Specialty Property, Farm, Ranch, & Stable, and Reinsurance Operations. The Company’s Commercial Specialty segment offers specialty property and casualty insurance products in the excess and surplus lines marketplace. The Company manages Commercial Specialty 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 primarily 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 Specialty business segment and are not considered individual business segments because each product has similar economic characteristics, distribution, and coverage. The Company’s Specialty Property segment offers specialty personal lines property and casualty insurance products through general and specialty agents with specific binding authority on an admitted basis. The Company’s Farm, Ranch, & Stable segment provides specialized property and casualty coverage including Commercial Farm Auto and Excess/Umbrella Coverage for the agriculture industry as well as specialized insurance products for the equine mortality and major medical industry on an admitted basis. These insurance products are distributed through wholesalers and retail agents, with a selected number having specific binding authority. 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 Specialty, Specialty Property, and Farm, Ranch, & Stable 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. During the 1 st 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 ended March 31, 2019 and 2018 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 2018 Annual Report on Form 10-K. 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	3 Months Ended
	Mar. 31, 2019
Investments Schedule [Abstract]
Investments	2. Investments The amortized cost and estimated fair value of investments were as follows as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other than temporary impairments recognized in AOCI (1) As of March 31, 2019 Fixed maturities: U.S. treasury and agency obligations $ 82,416 $ 385 $ (686 ) $ 82,115 $ — Obligations of states and political subdivisions 74,379 803 (79 ) 75,103 — Mortgage-backed securities 127,305 1,070 (925 ) 127,450 — Asset-backed securities 180,410 652 (905 ) 180,157 Commercial mortgage-backed securities 230,620 1,236 (1,371 ) 230,485 — Corporate bonds 484,188 4,314 (1,224 ) 487,278 — Foreign corporate bonds 111,810 417 (260 ) 111,967 — Total fixed maturities 1,291,128 8,877 (5,450 ) 1,294,555 — Common stock 142,534 — — 142,534 — Other invested assets 48,705 — — 48,705 — Total $ 1,482,367 $ 8,877 $ (5,450 ) $ 1,485,794 $ — (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 Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other than temporary impairments recognized in AOCI (1) As of December 31, 2018 Fixed maturities: U.S. treasury and agency obligations $ 79,766 $ 252 $ (1,163 ) $ 78,855 $ — Obligations of states and political subdivisions 95,629 322 (338 ) 95,613 — Mortgage-backed securities 119,327 313 (1,786 ) 117,854 — Asset-backed securities 185,430 336 (2,012 ) 183,754 — Commercial mortgage-backed securities 206,236 338 (3,852 ) 202,722 — Corporate bonds 452,692 243 (12,080 ) 440,855 — Foreign corporate bonds 118,750 44 (3,292 ) 115,502 — Total fixed maturities 1,257,830 1,848 (24,523 ) 1,235,155 — Common stock 124,747 — — 124,747 — Other invested assets 50,753 — — 50,753 — Total $ 1,433,330 $ 1,848 $ (24,523 ) $ 1,410,655 $ — (1) Represents the total amount of other than temporary impairment losses relating to factors other than credit losses recognized in accumulated other comprehensive income (“AOCI”). Excluding U.S. treasuries and agency bonds, the Company did not hold any debt or equity investments in a single issuer that was in excess of 5% of shareholders' equity at March 31, 2019 and 6% of shareholders’ equity at December 31, 2018. The amortized cost and estimated fair value of the Company’s fixed maturities portfolio classified as available for sale at March 31, 2019, 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 Fair Value Due in one year or less $ 90,024 $ 89,817 Due in one year through five years 433,261 435,243 Due in five years through ten years 221,139 222,883 Due in ten years through fifteen years 4,898 5,033 Due after fifteen years 3,471 3,487 Mortgage-backed securities 127,305 127,450 Asset-backed securities 180,410 180,157 Commercial mortgage-backed securities 230,620 230,485 Total $ 1,291,128 $ 1,294,555 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 March 31, 2019. Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fixed maturities: U.S. treasury and agency obligations $ — $ — $ 67,046 $ (686 ) $ 67,046 $ (686 ) Obligations of states and political subdivisions 3,955 (11 ) 10,263 (68 ) 14,218 (79 ) Mortgage-backed securities 738 (5 ) 55,605 (920 ) 56,343 (925 ) Asset-backed securities 48,178 (433 ) 65,567 (472 ) 113,745 (905 ) Commercial mortgage-backed securities 28,519 (109 ) 112,013 (1,262 ) 140,532 (1,371 ) Corporate bonds 2,759 (4 ) 100,922 (1,220 ) 103,681 (1,224 ) Foreign corporate bonds 7,713 (34 ) 26,967 (226 ) 34,680 (260 ) Total fixed maturities $ 91,862 $ (596 ) $ 438,383 $ (4,854 ) $ 530,245 $ (5,450 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired. The following table contains an analysis of the Company’s fixed income securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of December 31, 2018: Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fixed maturities: U.S. treasury and agency obligations $ — $ — $ 67,185 $ (1,163 ) $ 67,185 $ (1,163 ) Obligations of states and political subdivisions 22,802 (57 ) 28,179 (281 ) 50,981 (338 ) Mortgage-backed securities 36,858 (408 ) 60,838 (1,378 ) 97,696 (1,786 ) Asset-backed securities 96,085 (1,342 ) 50,506 (670 ) 146,591 (2,012 ) Commercial mortgage-backed securities 44,596 (878 ) 127,557 (2,974 ) 172,153 (3,852 ) Corporate bonds 285,997 (8,791 ) 115,052 (3,289 ) 401,049 (12,080 ) Foreign corporate bonds 56,543 (1,795 ) 47,494 (1,497 ) 104,037 (3,292 ) Total fixed maturities $ 542,881 $ (13,271 ) $ 496,811 $ (11,252 ) $ 1,039,692 $ (24,523 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired. The 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 – As of March 31, 2019, gross unrealized losses related to U.S. treasury and agency obligations were $0.686 million. All unrealized losses have been in an unrealized loss position for twelve months or greater and are rated AA+. Macroeconomic and market analysis is conducted in evaluating these securities. Consideration is given to the interest rate environment, duration and yield curve management of the portfolio, sector allocation and security selection. Obligations of states and political subdivisions – As of March 31, 2019, gross unrealized losses related to obligations of states and political subdivisions were $0.079 million. Of this amount, $0.068 million have been in an unrealized loss position for twelve months or greater and are rated investment grade or better. All factors that influence performance of the municipal bond market are considered in evaluating these securities. The aforementioned factors include investor expectations, supply and demand patterns, and current versus historical yield and spread relationships. The analysis relies on the output of fixed income credit analysts, as well as dedicated municipal bond analysts who perform extensive in-house fundamental analysis on each issuer, regardless of their rating by the major agencies. Mortgage-backed securities (“MBS”) – As of March 31, 2019, gross unrealized losses related to mortgage-backed securities were $0.925 million. Of this amount, $0.920 million have been in an unrealized loss position for twelve months or greater. 98.7% of the unrealized losses for twelve months or greater are related to securities rated AA+ or better. Mortgage-backed securities are modeled to project principal losses under downside, base, and upside scenarios for the economy and home prices. The primary assumption that drives the security and loan level modeling is the Home Price Index (“HPI”) projection. These forecasts incorporate not just national macro-economic trends, but also regional impacts to arrive at the most granular and accurate projections. These assumptions are incorporated into the model as a basis to generate delinquency probabilities, default curves, loss severity curves, and voluntary prepayment curves at the loan level within each deal. The model utilizes HPI-adjusted current LTV, payment history, loan terms, loan modification history, and borrower characteristics as inputs to generate expected cash flows and principal loss for each bond under various scenarios. Asset backed securities (“ABS”) - As of March 31, 2019, gross unrealized losses related to asset backed securities were $0.905 million. Of this amount, $0.472 million have been in an unrealized loss position for twelve months or greater. 91.5% of the unrealized losses for twelve months or greater are related to securities rated A or better. The weighted average credit enhancement for the Company’s asset backed portfolio is 20.8. This represents the percentage of pool losses that can occur before an asset backed security will incur its first dollar of principal losses. Every ABS transaction is analyzed on a stand-alone basis. This analysis involves a thorough review of the collateral, prepayment, and structural risk in each transaction. Additionally, the analysis includes an in-depth credit analysis of the originator and servicer of the collateral. The analysis projects an expected loss for a deal given a set of assumptions specific to the asset type. These assumptions are used to calculate at what level of losses the deal will incur its first dollar of principal loss. The major assumptions used to calculate this ratio are loss severities, recovery lags, and no advances on principal and interest. Commercial mortgage-backed securities (“CMBS”) - As of March 31, 2019, gross unrealized losses related to the CMBS portfolio were $1.371 million. Of this amount, $1.262 million have been in an unrealized loss position for twelve months or greater and are rated A- or better. The weighted average credit enhancement for the Company’s CMBS portfolio is 47.3. This represents the percentage of pool losses that can occur before a mortgage-backed security will incur its first dollar of principal loss. For the Company’s CMBS portfolio, a loan level analysis is utilized where every underlying CMBS loan is re-underwritten based on a set of assumptions reflecting expectations for the future path of the economy. Each loan is analyzed over time using a series of tests to determine if a credit event will occur during the life of the loan. Inherent in this process are several economic scenarios and their corresponding rent/vacancy and capital market states. The five primary credit events that frame the analysis include loan modifications, term default, balloon default, extension, and ability to pay off at balloon. The resulting output is the expected loss adjusted cash flows for each bond under the base case and distressed scenarios. Corporate bonds - As of March 31, 2019, gross unrealized losses related to corporate bonds were $1.224 million. Of this amount, $1.220 million have been in an unrealized loss position for twelve months or greater and are rated investment grade or better. The analysis for this asset class includes maintaining detailed financial models that include a projection of each issuer’s future financial performance, including prospective debt servicing capabilities, capital structure composition, and the value of the collateral. The analysis incorporates the macroeconomic environment, industry conditions in which the issuer operates, the issuer’s current competitive position, its vulnerability to changes in the competitive and regulatory environment, issuer liquidity, issuer commitment to bondholders, issuer creditworthiness, and asset protection. Part of the process also includes running downside scenarios to evaluate the expected likelihood of default as well as potential losses in the event of default. Foreign bonds – As of March 31, 2019, gross unrealized losses related to foreign bonds were $0.260 million. Of this amount, $0.226 million have been in an unrealized loss position for twelve months or greater. 99.9% of the unrealized losses for twelve months or greater are related to securities rated investment grade or better. For this asset class, detailed financial models are maintained that include a projection of each issuer’s future financial performance, including prospective debt servicing capabilities, capital structure composition, and the value of the collateral. The analysis incorporates the macroeconomic environment, industry conditions in which the issuer operates, the issuer’s current competitive position, its vulnerability to changes in the competitive and regulatory environment, issuer liquidity, issuer commitment to bondholders, issuer creditworthiness, and asset protection. Part of the process also includes running downside scenarios to evaluate the expected likelihood of default as well as potential losses in the event of default. The Company recorded the following other than temporary impairments (“OTTI”) on its investment portfolio for the quarters ended March 31, 2019 and 2018: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities: OTTI losses, gross $ (1,897 ) $ — Portion of loss recognized in other comprehensive income (pre-tax) — — Net impairment losses on fixed maturities recognized in earnings $ (1,897 ) $ — The following table is an analysis of the credit losses recognized in earnings on fixed maturities held by the Company as of March 31, 2019 and 2018 for which a portion of the OTTI loss was recognized in other comprehensive income. Quarters Ended March 31, (Dollars in thousands) 2019 2018 Balance at beginning of period $ 13 $ 13 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 — — Balance at end of period $ 13 $ 13 Accumulated Other Comprehensive Income, Net of Tax Accumulated other comprehensive income, net of tax, as of March 31, 2019 and December 31, 2018 was as follows: (Dollars in thousands) March 31, 2019 December 31, 2018 Net unrealized gains (losses)from: Fixed maturities $ 3,427 $ (22,675 ) Foreign currency fluctuations (1,140 ) (1,334 ) Deferred taxes (618 ) 2,778 Accumulated other comprehensive income, net of tax $ 1,669 $ (21,231 ) The following tables present the changes in accumulated other comprehensive income, net of tax, by component for the quarters ended March 31, 2019 and 2018: Quarter Ended March 31, 2019 (Dollars In Thousands) Unrealized Gains and Losses on Available for Sale Securities Foreign Currency Items Accumulated Other Comprehensive Income Beginning balance, net of tax $ (19,897 ) $ (1,334 ) $ (21,231 ) Other comprehensive loss before reclassification, before tax 23,907 194 24,101 Amounts reclassified from accumulated other comprehensive income (loss), before tax 2,195 — 2,195 Other comprehensive loss, before tax 26,102 194 26,296 Income tax benefit related to items of OCI (3,396 ) — (3,396 ) Ending balance, net of tax $ 2,809 $ (1,140 ) $ 1,669 Quarter Ended March 31, 2018 (Dollars In Thousands) Unrealized Gains and Losses on Available for Sale Securities Foreign Currency Items Accumulated Other Comprehensive Income Beginning balance, net of tax $ 8,272 $ 711 $ 8,983 Other comprehensive income before reclassification, before tax (17,344 ) (372 ) (17,716 ) Amounts reclassified from accumulated other comprehensive income (loss), before tax 93 — 93 Other comprehensive income, before tax (17,251 ) (372 ) (17,623 ) Income tax (expense) benefit related to items of OCI 2,137 — 2,137 Cumulative effect adjustment, net of tax (9,868 ) (160 ) (10,028 ) Ending balance, net of tax $ (16,710 ) $ 179 $ (16,531 ) The reclassifications out of accumulated other comprehensive income for the quarters ended March 31, 2019 and 2018 were as follows: (Dollars in thousands) Amounts Reclassified from Accumulated Other Comprehensive Income Quarters Ended March 31, Details about Accumulated Other Comprehensive Income Components Affected Line Item in the Consolidated Statements of Operations 2019 2018 Unrealized gains and losses on available for sale securities Other net realized investment (gains) losses $ 298 $ 93 Other than temporary impairment losses on investments 1,897 — Total before tax 2,195 93 Income tax expense (benefit) (273 ) (18 ) Unrealized gains and losses on available for sale securities, net of tax 1,922 75 Foreign currency items Other net realized investment (gains) losses — $ — Income tax expense — — Foreign currency items, net of tax — — Total reclassifications Total reclassifications, net of tax $ 1,922 $ 75 Net Realized Investment Gains (Losses) The components of net realized investment gains (losses) for the quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities: Gross realized gains $ 26 $ 24 Gross realized losses (2,221 ) (117 ) Net realized gains (losses) (2,195 ) (93 ) Common stock: Gross realized gains 16,685 3,453 Gross realized losses (1,533 ) (7,827 ) Net realized gains (losses) 15,152 (4,374 ) Derivatives: Gross realized gains - 4,801 Gross realized losses (2,567 ) (650 ) Net realized gains (losses) (1) (2,567 ) 4,151 Total net realized investment gains (losses) $ 10,390 $ (316 ) (1) Includes periodic net interest settlements related to the derivatives of $0.2 million and $0.7 million for the quarters ended March 31, 2019 and 2018, respectively. New accounting guidance regarding equity securities was implemented on January 1, 2018 which 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. The following table shows the calculation of the portion of realized gains and losses related to common stock held as of March 31, 2019 and 2018: Quarter Ended March 31, (Dollars in thousands) 2019 2018 Net gains and (losses) recognized during the period on equity securities $ 15,152 $ (4,374 ) Less: Net gains recognized during the period on equity securities sold during the period 2,034 554 Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date $ 13,118 $ (4,928 ) The proceeds from sales and redemptions of available for sale and equity securities resulting in net realized investment gains (losses) for the quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities $ 61,258 $ 47,148 Equity securities 15,354 9,283 Net Investment Income The sources of net investment income for the quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities $ 9,968 $ 8,528 Equity securities 1,137 999 Cash and cash equivalents 401 264 Other invested assets (3,704 ) 2,323 Total investment income 7,802 12,114 Investment expense (583 ) (710 ) Net investment income $ 7,219 $ 11,404 The Company’s total investment return on a pre-tax basis for the quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Net investment income $ 7,219 $ 11,404 Net realized investment gains (losses) 10,390 (316 ) Change in unrealized holding gains and losses 26,296 (17,623 ) Net realized and unrealized investment returns 36,686 (17,939 ) Total investment return $ 43,905 $ (6,535 ) Total investment return % (1) 2.9 % (0.4 %) Average investment portfolio $ 1,514,292 $ 1,538,651 (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. As of March 31, 2019 and December 31, 2018, the Company owned fixed maturity securities with a market value of $0.4 million that were non-income producing for the preceding twelve months. Insurance Enhanced Asset-Backed and Credit Securities As of March 31, 2019, the Company held insurance enhanced collateralized mortgage obligations, commercial mortgage-backed and credit securities with a market value of approximately $26.8 million rating of “AA.” A summary of the Company’s insurance enhanced municipal bonds that are backed by financial guarantors, including the pre-refunded bonds that are escrowed in U.S. government obligations, as of March 31, 2019, is as follows: (Dollars in thousands) Financial Guarantor Total Pre- refunded Securities Government Guaranteed Securities Exposure Net of Pre- refunded & Government Guaranteed Securities Municipal Bond Insurance Association $ 699 $ — $ — $ 699 Total backed by financial guarantors $ 699 $ — $ — $ 699 In addition to the tax-free municipal bonds, the Company held $26.1 million of insurance enhanced bonds, which represented approximately 1.7% of the Company’s total invested assets, net of receivable/payable for securities purchased and sold. The insurance enhanced bonds are comprised of $12.6 million of taxable municipal bonds, $13.4 million of commercial mortgage-backed securities, and $0.1 million of collateralized mortgage obligations. The financial guarantors of the Company’s $26.1 million of insurance enhanced commercial-mortgage-backed, taxable municipal securities, and collateralized mortgage obligations include Municipal Bond Insurance Association ($5.1 million), Assured Guaranty Corporation ($7.5 million), Federal Home Loan Mortgage Corporation ($13.4 million), and Federal Deposit Insurance Corporation ($0.1 million). The Company had no direct investments in the entities that have provided financial guarantees or other credit support to any security held by the Company at March 31, 2019. 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 March 31, 2019 and December 31, 2018: Estimated Fair Value (Dollars in thousands) March 31, 2019 December 31, 2018 On deposit with governmental authorities $ 26,613 $ 25,855 Intercompany trusts held for the benefit of U.S. policyholders 189,464 209,028 Held in trust pursuant to third party requirements 113,883 98,417 Letter of credit held for third party requirements 1,458 2,317 Securities held as collateral for borrowing arrangements (1) 90,228 83,214 Total $ 421,646 $ 418,831 (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 two 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 $16.4 million and $17.9 million as of March 31, 2019 and December 31, 2018, respectively. The Company’s maximum exposure to loss from this VIE, which factors in future funding commitments, was $30.7 million and $32.1 million at March 31, 2019 and December 31, 2018, respectively. The fair value of a second VIE that also invests in distressed securities and assets was $32.3 million and $32.9 million at March 31, 2019 and December 31, 2018, respectively. The Company’s maximum exposure to loss from this VIE, which factors in future funding commitments, was $49.3 million and $53.4 million at March 31, 2019 and December 31, 2018, respectively.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
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 instruments and recognizes the fair value of the interest rate swaps in other assets or other liabilities on the consolidated balance sheets with the changes in fair value recognized as net realized investment gains or losses in the consolidated statements of operations. The Company is ultimately responsible for the valuation of the interest rate swaps. To aid in determining the estimated fair value of the interest rate swaps, the Company relies on the forward interest rate curve and information obtained from a third party financial institution. The following table summarizes information on the location and the gross amount of the derivatives’ fair value on the consolidated balance sheets as of March 31, 2019 and December 31, 2018: (Dollars in thousands) March 31, 2019 December 31, 2018 Derivatives Not Designated as Hedging Instruments under ASC 815 Balance Sheet Location Notional Amount Fair Value Notional Amount Fair Value Interest rate swap agreements Other assets/liabilities $ 200,000 $ (6,423 ) $ 200,000 $ (4,062 ) 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 ended March 31, 2019 and 2018: Quarters Ended March 31, (Dollars in thousands) Consolidated Statements of Operations Line 2019 2018 Interest rate swap agreements Net realized investment gains (losses) $ (2,567 ) $ 4,151 As of March 31, 2019 and December 31, 2018, the Company is due $2.7 million and $2.6 million, respectively, for funds it needed to post to execute the swap transaction and $7.2 million and $3.7 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	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
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 March 31, 2019 and December 31, 2018 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Fair Value Measurements As of March 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 82,115 $ — $ — $ 82,115 Obligations of states and political subdivisions — 75,103 — 75,103 Mortgage-backed securities — 127,450 — 127,450 Commercial mortgage-backed securities — 230,485 — 230,485 Asset-backed securities — 180,157 — 180,157 Corporate bonds — 487,278 — 487,278 Foreign corporate bonds — 111,967 — 111,967 Total fixed maturities 82,115 1,212,440 — 1,294,555 Common stock 142,534 — — 142,534 Total assets measured at fair value (1) $ 224,649 $ 1,212,440 $ — $ 1,437,089 Liabilities: Derivative instruments $ — $ 6,423 $ — $ 6,423 Total liabilities measured at fair value $ — $ 6,423 $ — $ 6,423 (1) Excluded from the table above are limited partnerships of $48.7 million at March 31, 2019 whose fair value is based on net asset value as a practical expedient. Fair Value Measurements As of December 31, 2018 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 78,855 $ — $ — $ 78,855 Obligations of states and political subdivisions — 95,613 — 95,613 Mortgage-backed securities — 117,854 — 117,854 Commercial mortgage-backed securities — 202,722 — 202,722 Asset-backed securities — 183,754 — 183,754 Corporate bonds — 440,855 — 440,855 Foreign corporate bonds — 115,502 — 115,502 Total fixed maturities 78,855 1,156,300 — 1,235,155 Common stock 124,747 — — 124,747 Total assets measured at fair value (1) $ 203,602 $ 1,156,300 $ — $ 1,359,902 Liabilities: Derivative instruments $ — $ 4,062 $ — $ 4,062 Total liabilities measured at fair value $ — $ 4,062 $ — $ 4,062 (1) Excluded from the table above are limited partnerships of $50.8 million at December 31, 2018 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 March 31, 2019 and December 31, 2018 was as follows: March 31, 2019 December 31, 2018 (Dollars in thousands) Carrying Value Fair Value Carrying Value Fair Value Margin Borrowing Facility $ 71,768 $ 71,768 $ 65,818 $ 65,818 7.75% Subordinated Notes due 2045 (1) 96,772 99,052 96,742 92,261 7.875% Subordinated Notes due 2047 (2) 126,041 130,045 126,005 120,597 Total $ 294,581 $ 300,865 $ 288,565 $ 278,676 (1) As of March 31, 2019 and December 31, 2018, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.2 million and $3.3 million, respectively. (2) As of March 31, 2019 and December 31, 2018, the carrying value and fair value of the 7.875% Subordinated Notes due 2047 are net of unamortized debt issuance cost of $4.0 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 March 31, 2019 and 2018. 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 March 31, 2019 and December 31, 2018. March 31, 2019 December 31, 2018 (Dollars in thousands) Fair Value Future Funding Commitment Fair Value Future Funding Commitment Real Estate Fund, LP (1) $ — $ — $ — $ — European Non-Performing Loan Fund, LP (2) 16,448 14,214 17,893 14,214 Distressed Debt Fund, LP (3) 32,257 17,000 32,860 20,500 Total $ 48,705 $ 31,214 $ 50,753 $ 34,714 (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 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 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 or loss associated with these limited liability companies or limited partnerships, which is reflected in the consolidated statements of operations, was ($3.7) million and $2.3 million for the quarters ended March 31, 2019 and 2018, 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 a spread to a benchmark curve. Bonds with similar characteristics are grouped into specific sectors. Inputs for both asset classes consist of trade prices, broker quotes, the new issue market, and prices on comparable securities. • Data from commercial vendors is aggregated with market information, then converted into an OAS matrix and prepayment model used for commercial mortgage obligations (“CMO”). CMOs are categorized with mortgage-backed securities in the tables listed above. For asset-backed securities, spread data is derived from trade prices, dealer quotations, and research reports. For both asset classes, evaluations utilize standard inputs plus new issue data, and collateral performance. The evaluated pricing models incorporate cash flows, broker quotes, market trades, historical prepayment speeds, and dealer projected speeds. • For obligations of state and political subdivisions, an attribute-based modeling system is used. The pricing model incorporates trades, market clearing yields, market color, and fundamental credit research. • U.S. treasuries are evaluated by obtaining feeds from a number of live data sources including primary and secondary dealers as well as 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 ended March 31, 2019 and 2018, the Company has not adjusted quotes or prices obtained from the pricing vendors.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	5. Income Taxes As of March 31, 2019, 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, 1.0% to 2.5% in Barbados, and 25% on non-trading income, 33% on capital gains and 12.5% on trading income in the Republic of Ireland. The statutory income tax rate of each country is applied against the 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 income to determine the expected annual income tax rate used to compute the income tax provision. The expected annual income tax rate is then applied against interim pre-tax income, excluding net realized gains and losses and limited partnership distributions, and that amount is then added to the actual income taxes on net realized gains and losses, discrete items and limited partnership distributions. However, when there is significant volatility in the expected effective tax rate, the Company records its actual income tax provision in lieu of the estimated effective income tax rate. The Company’s income before income taxes from its non-U.S. subsidiaries and U.S. subsidiaries for the quarters ended March 31, 2019 and 2018 were as follows: Quarter Ended March 31, 2019 (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 17,549 $ 124,652 $ — $ 142,201 Net premiums written $ 17,542 $ 105,874 $ — $ 123,416 Net premiums earned $ 14,707 $ 107,382 $ — $ 122,089 Net investment income 4,370 3,136 (287 ) 7,219 Net realized investment gains (losses) (892 ) 11,282 — 10,390 Other income 15 473 — 488 Total revenues 18,200 122,273 (287 ) 140,186 Losses and Expenses: Net losses and loss adjustment expenses 4,980 53,341 — 58,321 Acquisition costs and other underwriting expenses 4,995 44,748 — 49,743 Corporate and other operating expenses 1,527 1,678 — 3,205 Interest expense 353 4,957 (287 ) 5,023 Income before income taxes $ 6,345 $ 17,549 $ — $ 23,894 Quarter Ended March 31, 2018 (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 10,315 $ 113,932 $ — $ 124,247 Net premiums written $ 10,314 $ 97,556 $ — $ 107,870 Net premiums earned $ 48,022 $ 59,980 $ — $ 108,002 Net investment income 15,221 7,188 (11,005 ) 11,404 Net realized investment losses (5 ) (311 ) — (316 ) Other income 51 503 — 554 Total revenues 63,289 67,360 (11,005 ) 119,644 Losses and Expenses: Net losses and loss adjustment expenses 20,565 35,507 — 56,072 Acquisition costs and other underwriting expenses 21,140 23,863 — 45,003 Corporate and other operating expenses 4,399 4,861 — 9,260 Interest expense 4,841 11,025 (11,005 ) 4,861 Income (loss) before income taxes $ 12,344 $ (7,896 ) $ — $ 4,448 The following table summarizes the components of income tax benefit: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Current income tax expense: Foreign $ 46 $ 179 U.S. Federal — 566 Total current income tax expense 46 745 Deferred income tax expense (benefit): U.S. Federal 4,248 (1,998 ) Total deferred income tax expense (benefit) 4,248 (1,998 ) Total income tax expense (benefit) $ 4,294 $ (1,253 ) 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 March 31, 2019 2018 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average tax rate $ 3,732 15.6 % $ (1,536 ) (34.5 %) Adjustments: Tax exempt interest (1 ) — (1 ) — Dividend exclusion (77 ) (0.3 ) (65 ) (1.5 ) Base Erosion Anti-Abuse Tax — — 566 12.7 Non-deductible interest 680 2.8 Other (40 ) (0.1 ) (217 ) (4.9 ) Effective income tax expense (benefit) $ 4,294 18.0 % $ (1,253 ) (28.2 %) The effective income tax expense rate for the quarter ended March 31, 2019 was 18.0%, compared with an effective income tax benefit rate of 28.2% for the quarter ended March 31, 2018. The increase in the effective income tax expense rate in the quarter ended March 31, 2019 compared to the quarter ended March 31, 2018 is due to higher pretax income in the U.S. in 2019. The Company has a net operating loss (“NOL”) carryforward of $27.3 million as of March 31, 2019, which begins to expire in 2036 based on when the original NOL was generated. The Company’s NOL carryforward as of December 31, 2018 was $29.5 million. The Company has a Section 163(j) (“163(j)”) carryforward of $11.1 million as of March 31, 2019 and December 31, 2018, which can be carried forward indefinitely. The 163(j) carryforward is for disqualified interest paid or accrued to a related entity that is not subject to U.S. tax. The Company had an alternative minimum tax (“AMT”) credit carryforward of $11.0 million as of December 31, 2017. The Tax Cuts and Jobs Act 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.

Liability for Unpaid Losses and

Liability for Unpaid Losses and Loss Adjustment Expenses	3 Months Ended
	Mar. 31, 2019
Insurance [Abstract]
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 March 31, (Dollars in thousands) 2019 2018 Balance at beginning of period $ 680,031 $ 634,664 Less: Ceded reinsurance receivables 109,342 97,243 Net balance at beginning of period 570,689 537,421 Incurred losses and loss adjustment expenses related to: Current year 66,251 61,999 Prior years (7,930 ) (5,927 ) Total incurred losses and loss adjustment expenses 58,321 56,072 Paid losses and loss adjustment expenses related to: Current year 18,340 17,454 Prior years 61,776 53,228 Total paid losses and loss adjustment expenses 80,116 70,682 Net balance at end of period 548,894 522,811 Plus: Ceded reinsurance receivables 97,065 92,314 Balance at end of period $ 645,959 $ 615,125 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 first quarter of 2019, the Company reduced its prior accident year loss reserves by $7.9 million, which consisted of a $6.7 million decrease related to Commercial Specialty, $0.9 million increase related to Specialty Property, $2.1 million decrease related to Farm, Ranch, & Stable and a $0.1 million decrease related to Reinsurance Operations. The $6.7 million reduction of prior accident year loss reserves related to Commercial Specialty primarily consisted of the following: • General Liability: A $5.0 million • Commercial Auto Liability: A $0.8 million decrease in total primarily in the 2000 through 2002, 2010, 2012 and 2013 accident years. The decreases recognize lower than anticipated claims severity. • Property: A $1.0 million decrease in aggregate recognizes lower than anticipated claims severity primarily in the 2012 through 2016 and 2018 accident years partially offset by increases in the 2010 and 2017 accident years. The $0.9 million increase of prior accident year loss reserves related to Specialty Property primarily consisted of the following: • Property: A $0.8 million increase recognizes higher than expected claims severity in the 2018 accident year partially offset by decreases in the 2015 through 2017 accident years. The $2.1 million reduction of prior accident year loss reserves related to Farm, Ranch, & Stable primarily consisted of the following: • Liability: A $1.7 million decrease in total, recognizes lower than anticipated claims severity in the 2016 and 2017 accident years partially offset by increases in the 2013 through 2015 accident years. • Property: $0.4 million decrease in total reflects lower than expected case incurred emergence in the 2018 accident year partially offset by an increase in the 2017 accident year. The $0.1 million reduction of prior accident year loss reserves related to Reinsurance Operations was from the property lines. Decreases were primarily in the 2013 and 2015 through 2017 accident years, mostly offset by an increase in the 2018 accident year. The accident year change was based on a review of the experience reported from cedants. During the first quarter of 2018, the Company reduced its prior accident year loss reserves by $5.9 million, which consisted of a $2.7 million decrease related to Commercial Specialty, a $0.7 million increase related to Specialty Property, a $1.8 million decrease related to Farm, Ranch, & Stable, and a $2.1 million decrease related to Reinsurance Operations. The $2.7 million reduction of prior accident year loss reserves related to Commercial Specialty primarily consisted of the following: • General Liability: A $1.4 million reduction primarily due to lower than expected claims severity in the 2004 through 2014 accident years partially offset by increases in the 2015 through 2017 accident years • Commercial Auto Liability: A $1.0 million reduction in the 2010 and 2012 accident years reflects lower than anticipated claims severity. • Property: A $0.4 million decrease in the non-catastrophe property reserve category. The decrease reflects slightly lower than expected claims frequency and severity, primarily in the 2015 and 2017 accident years partially offset by an increase in the 2016 accident year for the property catastrophe reserve category The $0.7 million increase of prior accident year loss reserves related to Specialty Property primarily consisted of the following: • Property: A $0.9 million • General Liability: A $0.2 million reduction recognizes lower than anticipated claims severity, primarily in the 2012, 2013, 2016 and 2017 accident years partially offset by an increase in the 2015 accident year. The $1.8 million reduction of prior accident year loss reserves related to Farm, Ranch, & Stable primarily consisted of the following: • Property: A $1.9 million reduction recognizes lower than anticipated claims severity in the 2015 through 2017 accident years. • Liability: A $0.1 million increase primarily in the 2013 and 2015 accident years are mostly offset by decreases in the 2014 and 2017 accident years. The $2.1 million reduction of prior accident year loss reserves related to Reinsurance Operations was from the property lines for accident years 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. 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.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	7 . Effective January 1, 2019, the Company adopted new accounting guidance which increased transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The Company adopted this new accounting guidance using the optional transition method. Under this method, the Company applied the new leases standard at the adoption date and recognized a cumulative effect adjustment of less than $0.1 million to the opening balance sheet of retained earnings. The Company elected the package of practical expedients permitted under the transition guidance within the new standard. In addition, the Company elected the hindsight practical expedient to determine the lease term for existing leases. The Company determines if an arrangement is a lease at inception. Leases with a term of 12 months or less are not recorded on the consolidated balance sheets. Lease right-of-use assets (“ROU”) are included in other assets on the consolidated balance sheets and lease liabilities are included in other liabilities on the consolidated balance sheets. Lease ROU assets and lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at the commencement date. The Company’s leases do not provide an implicit rate; therefore, the Company uses its incremental borrowing rate at the commencement date in determining the present value of future payments. The ROU assets are calculated using the initial lease liability amount, plus any lease payments made at or before the commencement date, minus any lease incentives received, plus any initial direct costs incurred. The Company’s lease agreements may contain both lease and non-lease components which are accounted separately. The Company elected the practical expedient on not separating lease components from non-lease components for its equipment leases. The Company leases office space and equipment under various operating lease arrangements. The Company’s leases have remaining lease terms ranging from 8 months to 11 years. Some building leases have options to extend, terminate, or retract the leased area. The Company did not factor in term extension, terminations, or space retractions into the lease terms used to calculate the right-of-use assets and lease liabilities since it was uncertain as to whether these options would be executed. The Company is also party to certain service contracts. These agreements will continue to be accounted for as service contracts and expensed in the period the services have been provided. As contracts are signed, renewed, or renegotiated, they will be evaluated using the criteria set forth in the new lease guidance to determine if these contracts contain a lease and will be accounted for properly depending upon the terms and language in the contract. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. The components of lease expense were as follows: (Dollars in thousands) Quarter Ended March 31, 2019 Operating lease expense $ 819 Short-term lease expense 3 Total lease expense $ 822 Supplemental cash flow information related to leases was as follows: (Dollars in thousands) Quarter Ended March 31, 2019 Cash paid for amounts included in the measurement of liabilities: Operating cash flows from operating leases $ 574 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 14,897 Supplemental balance sheet information related to leases was as follows: The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheets. (Dollars in thousands) Classification on the consolidated balance sheets March 31, 2019 Assets: Operating lease assets Other assets $ 24,803 Liabilities: Operating lease liabilities Other liabilities $ 25,016 Weighted-average remaining lease term Operating leases 10.3 years Weighted-average discount rate Operating leases (1) 2.7 % (1) Represents the Company’s incremental borrowing rate At March 31, 2019, future minimum lease payments under non-cancelable operating leases were as follows: (Dollars in thousands) 2019 (1) $ 1,957 2020 1,942 2021 2,779 2022 2,659 2023 2,702 Thereafter 16,887 Total future minimum lease payments $ 28,926 Less: amount representing interest 3,910 Present value of minimum lease payments $ 25,016 (1) Excludes the quarter ended March 31, 2019

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Shareholders' Equity	8. Shareholders’ Equity The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the quarter ended March 31, 2019: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs January 1-31, 2019 7,945 (2) $ 36.23 — — February 1-28, 2019 19,083 (2) $ 34.59 — — Total 27,028 $ 35.07 — (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 quarter ended March 31, 2018: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs January 1-31, 2018 26,639 (2) $ 42.02 — — March 1-31, 2018 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. There were no B ordinary shares that were surrendered or repurchased during the quarters ended March 31, 2019 or 2018. Please see Note 12 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2018 Annual Report on Form 10-K for more information on the Company’s repurchase program. Dividends On February 10, 2019, 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 22, 2019. On March 29, 2019, dividends totaling $3.5 million were paid to shareholders. 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. As of March 31, 2019 and December 31, 2018, accrued dividends on unvested shares, which were included in other liabilities on the consolidated balance sheets, were $0.1 million and $0.2 million, respectively. Please see Note 12 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2018 Annual Report on Form 10-K for more information on the Company’s dividend program.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	9. Related Party Transactions Fox Paine Pursuant to the Company’s Memorandum and Articles of Association, amended and restated as of November 4, 2016, the “Fox Paine Funds” (collectively, U.N. Co-Investment Fund III (Cayman), L.P. and Fox Paine Capital Fund II International, L.P.) have the right to appoint a number of directors equal in aggregate to the Fox Paine Entities’ percentage beneficial ownership of voting shares of Global Indemnity for so long as the Fox Paine Entities beneficially own shares representing an aggregate of 25% or more of the voting power in Global Indemnity. The Fox Paine Funds and “FM Entities” (Fox Mercury Investments, L.P. and certain of its affiliates) (the Fox Paine Funds, FM Entities and Fox Paine & Company, LLC, collectively referred to as the “Fox Paine Entities”) beneficially own shares representing approximately 80% and 2%, respectively, of the voting power of Global Indemnity as of March 31, 2019, and the Fox Paine Funds have the right to appoint seven of our eight current directors. The Company relies on Fox Paine & Company, LLC to provide management services and other services related to the operations of the Company. The Company incurred management fees of $0.5 million during each of the quarters ended March 31, 2019 and 2018 as part of the annual management fee paid to Fox Paine & Company, LLC. As of March 31, 2019 and December 31, 2018, prepaid management fees, which were included in other assets on the consolidated balance sheets, were $0.9 million and $1.4 million, respectively. In addition, Fox Paine & Company, LLC may also 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. Each of the Company’s transactions with Fox Paine & Company, LLC described below was reviewed and approved by the Company’s Audit Committee, which is composed of independent directors, and the Board of Directors (other than Saul A. Fox, Chairman of the Board of Directors of the Company and Chief Executive of Fox Paine & Company, LLC, who is not a member of the Audit Committee and recused himself from the Board of Directors’ deliberations). Recapitalization and Reorganization Transactions Fee On April 25, 2018, the Company and its indirect wholly owned subsidiaries (including Global Indemnity Group, Inc. (“GIGI”) and Global Indemnity Reinsurance) entered into a series of recapitalization and reorganization transactions (collectively, the “Reorganization”) designed to improve the Company’s annual results and long-term financial performance. Pursuant to the Reorganization, the Company’s affiliated group implemented the following, among other things: (i) GIGI became a subordinated co-obligor with the Company under the Company’s 7.75% Subordinated Notes due in 2045 and its 7.875% Subordinated Notes due in 2047, (ii) GIGI agreed to provide capital to Global Indemnity Reinsurance from time to time to satisfy Global Indemnity Reinsurance’s obligations incurred in connection with its insurance and reinsurance business and (iii) GIGI received a promissory note from the Company, which was subsequently assigned within the Company’s affiliated group in connection with the settlement of certain intra-group indebtedness. Fox Paine & Company, LLC acted as financial advisor to the Company's affiliated group in connection with the design, structuring and implementation of the Reorganization. Fox Paine & Company, LLC’s services for the Company’s affiliated group in connection with the Reorganization were performed during the first and second quarter of 2018. The total fee for these services was $12.5 million, which was paid in June 2018. Of this amount, $6.25 million was incurred in the quarter ended March 31, 2018. No advisory fees in connection with the Reorganization were incurred during the quarter ended March 31, 2019. As with each of the Company's transactions with Fox Paine & Company, LLC, this transaction was reviewed and approved by the Company's Audit Committee and the Board of Directors (other than Saul A. Fox, Chairman of the Board of Directors of the Company and Chief Executive of Fox Paine & Company, LLC, who is not a member of the Audit Committee and recused himself from the Board of Directors’ deliberations), and, in connection with its review and approval of this transaction, the Audit Committee also engaged its own investment banking firm for advice. Illiquid Investment Fund Divestiture Fee On December 21, 2018, GIGI exited an investment in a private credit fund pursuant to a sale of GIGI’s investment to third parties at par plus accrued interest. Fox Paine & Company, LLC provided services to GIGI in connection with the sale, including conducting due diligence to evaluate the private fund, recommending that GIGI withdraw from the private fund, and conducting extended negotiations with the private fund to secure GIGI’s withdrawal from the private fund on favorable terms. Fox Paine & Company, LLC’s services for GIGI in connection with the sale were performed during the second, third, and fourth quarters of 2018. The total fee for these services was $2 million. This amount was included in other liabilities on the consolidated balance sheets as of March 31, 2019 and December 31, 2018.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments And Contingencies Disclosure [Abstract]
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 loans. As of March 31, 2019, the Company has funded $35.8 million of this commitment leaving $14.2 million as unfunded. 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 March 31, 2019, the Company has funded $33.0 million of this commitment leaving $17.0 million as unfunded.

Share-Based Compensation Plans

Share-Based Compensation Plans	3 Months Ended
	Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
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 directors, and to provide the Company with a share plan providing incentives linked to the financial results of the Company’s business and increases in shareholder value. Under the 2018 Plan, the Company may issue up to 2.5 million A ordinary shares pursuant to awards granted under the Plan. The 2018 Plan replaced 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 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 for the 300,000 stock options issued in 2014 (“Tranche 2 Options”) was modified. 100,000 of t he Tranche 2 Options were related to the attainment of Return on Equity criteria for 2018 and were scheduled to vest on December 31, 2018. These options were forfeited on December 31, 2018 because the Return on Equity criteria was not met. Of the remaining 200,000 options, 100,000 are scheduled to vest on December 31, 2019 if the 2019 Return on Equity criteria is met and 100,000 are scheduled to vest on December 31, 2020 if the 2020 Return on Equity criteria is met. 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. 100,000 of the Tranche 3 Options vested on December 31, 2018. 100,000 of the Tranche 3 Options will each vest on December 31 of 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 or 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 quarter ended March 31, 2018. No stock options were awarded during the quarter ended March 31, 2019. No unvested stock options were forfeited during the quarters ended March 31, 2019 or 2018. Restricted Shares During the quarter ended March 31, 2019, the Company granted 36,180 A ordinary shares, with a weighted average grant date value of $35.82 per share, to key employees under the Plan. 9,063 of these shares vested immediately. The remainder will vest as follows: • 16.5%, 16.5%, and 17.0% of the granted stock will vest on January 1, 2020, January 1, 2021, and January 1, 2022, respectively. • Subject to Board approval, 50% of granted stock will vest 100%, no later than March 15, 2022, following a re-measurement of 2018 results as of December 31, 2021. During the quarter ended March 31, 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% vested on January 1, 2019. 16.5% and 17.0% of the granted stock will vest on January 1, 2020 and January 1, 2021, respectively. • Subject to Board approval, 50% of granted stock will vest 100%, no later than March 15, 2021, following a re-measurement of 2017 results as of December 31, 2020. During the quarters ended March 31, 2019 and 2018, the Company granted 15,842 and 9,142 A ordinary shares, respectively, at a weighted average grant date value of $30.38 and $34.52 per share, respectively, to non-employee directors of the Company under the Plan. All of the shares granted to non-employee directors of the Company in 2019 and 2018 were fully vested but are subject to certain restrictions.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
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 March 31, (Dollars in thousands, except share and per share data) 2019 2018 Net income $ 19,600 $ 5,701 Basic earnings per share: Weighted average shares outstanding – basic 14,153,918 14,055,022 Net income per share $ 1.38 $ 0.41 Diluted earnings per share: Weighted average shares outstanding – diluted 14,315,091 14,285,837 Net income per share $ 1.37 $ 0.40 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 March 31, 2019 2018 Weighted average shares for basic earnings per share 14,153,918 14,055,022 Non-vested restricted stock 14,723 68,782 Options 146,450 162,033 Weighted average shares for diluted earnings per share 14,315,091 14,285,837 The weighted average shares outstanding used to determine dilutive earnings per share for the quarters ended March 31, 2019 and 2018 does not include 500,000 shares and 600,000 shares, respectively, which were deemed to be anti-dilutive.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Segment Information	13. Segment Information The Company manages its business through four business segments. Commercial Specialty offers specialty property and casualty products designed for product lines such as Small Business Binding Authority, Property Brokerage, and Programs. Specialty Property offers specialty personal lines property and casualty insurance products. Farm, Ranch, & Stable offers specialized property and casualty coverage including Commercial Farm Auto and Excess/Umbrella Coverage for the agriculture industry as well as specialized insurance products for the equine mortality and major medical industry. Reinsurance Operations provides reinsurance solutions through brokers and primary writers including insurance and reinsurance companies. During the 1st quarter of 2019, the Company re-evaluated its Personal Lines segment and determined that Personal Lines should be bifurcated into two reportable segments: Specialty Property and Farm, Ranch, & Stable. This is the result of changing how Specialty Property and Farm, Ranch, & Stable are managed and reported on. Specialty Property is managed out of the Company’s Scottsdale, Arizona office; whereas, Farm, Ranch, & Stable is managed out of the Company’s Omaha, Nebraska office. In the past, Farm, Ranch, & Stable reported to the Scottsdale, Arizona office and now it reports directly to the Company’s main headquarters in Bala Cynwyd, Pennsylvania. Results for Specialty Property and Farm, Ranch, & Stable are separately measured, resources are separately allocated to each of these lines, and employees in each line are now being rewarded based on each line’s separate results. Accordingly, the Company will report Specialty Property and Farm, Ranch, & Stable as two separate reportable segments. In addition, the Company has changed the name of its Commercial Lines segment to Commercial Specialty to better align with its key product offerings. The segment results for the quarter ended March 31, 2018 have been revised to reflect these changes. The following are tabulations of business segment information for the quarters ended March 31, 2019 and 2018: Quarter Ended March 31, 2019 (Dollars in thousands) Commercial Specialty (1) Specialty Property (1) Farm, Ranch, & Stable (1) Reinsurance Operations (2) Total Revenues: Gross premiums written $ 64,213 $ 39,674 (4) $ 20,765 $ 17,549 $ 142,201 Net premiums written $ 55,170 $ 33,212 $ 17,492 $ 17,542 $ 123,416 Net premiums earned $ 55,641 $ 34,619 $ 17,122 $ 14,707 $ 122,089 Other income — 443 30 15 488 Total revenues 55,641 35,062 17,152 14,722 122,577 Losses and Expenses: Net losses and loss adjustment expenses 21,651 20,503 8,138 8,029 58,321 Acquisition costs and other underwriting expenses 22,812 14,653 7,282 4,996 49,743 Income (loss) from segments $ 11,178 $ (94 ) $ 1,732 $ 1,697 $ 14,513 Unallocated Items: Net investment income 7,219 Net realized investment gain 10,390 Corporate and other operating expenses (3,205 ) Interest expense (5,023 ) Income before income taxes 23,894 Income tax expense (4,294 ) Net income 19,600 Total assets $ 806,951 $ 359,482 $ 193,567 $ 624,908 (3) $ 1,984,908 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (4) Includes ($138) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Quarter Ended March 31, 2018 (Dollars in thousands) Commercial Specialty (1) Specialty Property (1) Farm, Ranch, & Stable (1) Reinsurance Operations (2) Total Revenues: Gross premiums written $ 53,773 $ 41,344 (7) $ 18,821 $ 10,309 $ 124,247 Net premiums written $ 48,306 $ 33,010 $ 16,245 $ 10,309 $ 107,870 Net premiums earned $ 47,362 $ 33,987 $ 16,625 $ 10,028 $ 108,002 Other income — 446 57 51 554 Total revenues 47,362 34,433 16,682 10,079 108,556 Losses and Expenses: Net losses and loss adjustment expenses 25,029 21,186 6,435 3,422 56,072 Acquisition costs and other underwriting expenses 19,205 (3) 14,954 (4) 7,225 (5) 3,619 45,003 Income (loss) from segments $ 3,128 $ (1,707 ) $ 3,022 $ 3,038 $ 7,481 Unallocated Items: Net investment income 11,404 Net realized investment losses (316 ) Corporate and other operating expenses (9,260 ) Interest expense (4,861 ) Income before income taxes 4,448 Income tax benefit 1,253 Net income 5,701 Total assets $ 893,115 $ 321,690 $ 173,218 $ 575,691 (6) $ 1,963,714 (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 $174 relating to cessions from Commercial Specialty to Reinsurance Operations. (4) Includes federal excise tax of $141 relating to cessions from Specialty Property to Reinsurance Operations. (5) Includes federal excise tax of $65 relating to cessions from Farm, Ranch, & Stable to Reinsurance Operations. (6) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (7) Includes ($867) 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	3 Months Ended
	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
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 March 31, 2019 and December 31, 2018, condensed consolidating statements of operations and condensed consolidating statements of comprehensive income for the quarters ended March 31, 2019 and 2018, and condensed consolidating statements of cash flows for the quarters ended March 31, 2019 and 2018. Global Indemnity Group, Inc. (“GIGI”) is a 100% owned subsidiary of the Company. See Note 11 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2018 Annual Report on Form 10-K for information on the Company’s debt obligations. Condensed Consolidating Balance Sheets at March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co- obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated ASSETS Total investments $ 55,358 $ 263,820 $ 1,166,616 $ — $ 1,485,794 Cash and cash equivalents 366 656 36,852 — 37,874 Investments in subsidiaries 1,147,828 311,137 (527 ) (1,458,438 ) — Due from subsidiaries and affiliates (1,716 ) (4,097 ) 5,813 — — Notes receivable – affiliate — 80,049 847,808 (927,857 ) — Interest receivable – affiliate — 4,157 17,258 (21,415 ) — Premiums receivable, net — — 92,477 — 92,477 Reinsurance receivables, net — — 102,346 — 102,346 Funds held by ceding insurers — — 44,902 — 44,902 Federal income taxes receivable — 13,242 (2,173 ) — 11,069 Deferred federal income taxes — 40,034 909 — 40,943 Deferred acquisition costs — — 62,854 — 62,854 Intangible assets — — 21,888 — 21,888 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 19,041 — 19,041 Receivable for securities sold — 306 (306 ) — — Other assets 8,411 8,656 49,319 (7,187 ) 59,199 Total assets $ 1,210,247 $ 717,960 $ 2,471,598 $ (2,414,897 ) $ 1,984,908 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 645,959 $ — $ 645,959 Unearned premiums — — 281,684 — 281,684 Ceded balances payable — — 14,573 — 14,573 Payable for securities purchased — — 5,252 — 5,252 Contingent commissions — — 7,170 — 7,170 Debt — 301,768 — (7,187 ) 294,581 Notes payable – affiliates 520,498 402,310 5,049 (927,857 ) — Accrued interest payable – affiliates 19,707 — 1,708 (21,415 ) — Other liabilities 2,387 14,409 51,238 — 68,034 Total liabilities 542,592 718,487 1,012,633 (956,459 ) 1,317,253 Shareholders’ equity Total shareholders’ equity 667,655 (527 ) 1,458,965 (1,458,438 ) 667,655 Total liabilities and shareholders’ equity $ 1,210,247 $ 717,960 $ 2,471,598 $ (2,414,897 ) $ 1,984,908 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Balance Sheets at December 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated ASSETS Total investments $ 55,377 $ 233,479 $ 1,121,799 $ — $ 1,410,655 Cash and cash equivalents 2,221 26,039 71,237 — 99,497 Investments in subsidiaries 1,105,032 296,357 (19,922 ) (1,381,467 ) — Due from subsidiaries and affiliates 584 (2,133 ) 1,549 — — Notes receivable – affiliate — 80,049 847,808 (927,857 ) — Interest receivable – affiliate — 3,869 17,425 (21,294 ) — Premiums receivable, net — — 87,679 — 87,679 Reinsurance receivables, net — — 114,418 — 114,418 Funds held by ceding insurers — — 49,206 — 49,206 Federal income taxes receivable — 4,631 6,235 — 10,866 Deferred federal income taxes — 44,481 4,108 — 48,589 Deferred acquisition costs — — 61,676 — 61,676 Intangible assets — — 22,020 — 22,020 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 20,594 — 20,594 Receivable for securities sold — — 15 — 15 Other assets 8,461 5,085 22,237 (7,253 ) 28,530 Total assets $ 1,171,675 $ 691,857 $ 2,434,605 $ (2,337,871 ) $ 1,960,266 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 680,031 $ — $ 680,031 Unearned premiums — — 281,912 — 281,912 Ceded balances payable — — 14,994 — 14,994 Contingent commissions — — 10,636 — 10,636 Debt — 295,818 — (7,253 ) 288,565 Notes payable – affiliates 520,498 402,310 5,049 (927,857 ) — Accrued interest payable – affiliates 19,499 — 1,795 (21,294 ) — Other liabilities 2,619 13,651 38,799 — 55,069 Total liabilities 542,616 711,779 1,033,216 (956,404 ) 1,331,207 Shareholders’ equity Total shareholders’ equity 629,059 (19,922 ) 1,401,389 (1,381,467 ) 629,059 Total liabilities and shareholders’ equity $ 1,171,675 $ 691,857 $ 2,434,605 $ (2,337,871 ) $ 1,960,266 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Operations for the Quarter Ended March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Revenues: Net premiums earned $ — $ — $ 122,089 $ — $ 122,089 Net investment income 642 (2,075 ) 8,939 (287 ) 7,219 Net realized investment gains (losses) (7 ) 12,076 (1,679 ) — 10,390 Other income — 28 460 — 488 Total revenues 635 10,029 129,809 (287 ) 140,186 Losses and Expenses: Net losses and loss adjustment expenses — — 58,321 — 58,321 Acquisition costs and other underwriting expenses — — 49,743 — 49,743 Corporate and other operating expenses 1,329 1,566 310 — 3,205 Interest expense 274 4,957 79 (287 ) 5,023 Income (loss) before equity in net income of subsidiaries and income taxes (968 ) 3,506 21,356 — 23,894 Equity in net income of subsidiaries 20,568 7,893 10,059 (38,520 ) — Income before income taxes 19,600 11,399 31,415 (38,520 ) 23,894 Income tax expense — 1,340 2,954 — 4,294 Net income $ 19,600 $ 10,059 $ 28,461 $ (38,520 ) $ 19,600 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Operations for the Quarter Ended March 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Revenues: Net premiums earned $ — $ — $ 108,002 $ — $ 108,002 Net investment income 132 3,201 19,624 (11,553 ) 11,404 Net realized investment losses — (220 ) (96 ) — (316 ) Other income (loss) — (2 ) 556 — 554 Total revenues 132 2,979 128,086 (11,553 ) 119,644 Losses and Expenses: Net losses and loss adjustment expenses — — 56,072 — 56,072 Acquisition costs and other underwriting expenses — — 45,003 — 45,003 Corporate and other operating expenses 4,258 4,718 284 — 9,260 Interest expense 5,319 11,020 75 (11,553 ) 4,861 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (9,445 ) (12,759 ) 26,652 — 4,448 Equity in net income (loss) of subsidiaries 15,146 7,657 (6,467 ) (16,336 ) — Income (loss) before income taxes 5,701 (5,102 ) 20,185 (16,336 ) 4,448 Income tax benefit (expense) — 1,365 (2,618 ) — (1,253 ) Net Income (loss) $ 5,701 $ (6,467 ) $ 22,803 $ (16,336 ) $ 5,701 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Net income $ 19,600 $ 10,059 $ 28,461 $ (38,520 ) $ 19,600 Other comprehensive income, net of tax: Unrealized holding gains 659 2,047 18,079 — 20,785 Equity in other comprehensive income of unconsolidated subsidiaries 22,234 10,325 12,774 (45,333 ) — Portion of other-than-temporary impairment losses recognized in other comprehensive income — — (1 ) — (1 ) Reclassification adjustment for losses included in net income 7 402 1,513 — 1,922 Unrealized foreign currency translation gains — — 194 — 194 Other comprehensive income, net of tax 22,900 12,774 32,559 (45,333 ) 22,900 Comprehensive income, net of tax $ 42,500 $ 22,833 $ 61,020 $ (83,853 ) $ 42,500 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended March 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Net income (loss) $ 5,701 $ (6,467 ) $ 22,803 $ (16,336 ) $ 5,701 Other comprehensive loss, net of tax: Unrealized holding losses (124 ) (1,611 ) (13,453 ) — (15,188 ) Equity in other comprehensive loss of unconsolidated subsidiaries (15,362 ) (6,513 ) (8,126 ) 30,001 — Portion of other-than-temporary impairment losses recognized in other comprehensive loss — — (1 ) — (1 ) Reclassification adjustment for (gains) losses included in net income (loss) — (2 ) 77 — 75 Unrealized foreign currency translation losses — — (372 ) — (372 ) Other comprehensive loss, net of tax (15,486 ) (8,126 ) (21,875 ) 30,001 (15,486 ) Comprehensive income (loss), net of tax $ (9,785 ) $ (14,593 ) $ 928 $ 13,665 $ (9,785 ) (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Cash Flows at March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Global Indemnity Limited Consolidated Cash flows from operating activities: Net cash provided by (used for) operating activities $ 2,225 $ (10,514 ) $ (14,901 ) $ (23,190 ) Cash flows from investing activities: Proceeds from sale of fixed maturities 9,567 12,200 39,491 61,258 Proceeds from sale of equity securities — 15,354 — 15,354 Proceeds from maturity of fixed maturities — — 19,352 19,352 Proceeds from other invested assets 1,445 — — 1,445 Amounts paid in connection with derivatives — (3,735 ) — (3,735 ) Purchases of fixed maturities (10,548 ) (23,149 ) (78,327 ) (112,024 ) Purchases of equity securities — (17,989 ) — (17,989 ) Purchases of other invested assets — (3,500 ) — (3,500 ) Net cash provided by (used for) investing activities 464 (20,819 ) (19,484 ) (39,839 ) Cash flows from financing activities: Net borrowings under margin borrowing facility — 5,950 — 5,950 Dividends paid to shareholders (3,595 ) — — (3,595 ) Purchase of A ordinary shares (949 ) — — (949 ) Net cash provided by (used for) financing activities (4,544 ) 5,950 — 1,406 Net change in cash and cash equivalents (1,855 ) (25,383 ) (34,385 ) (61,623 ) Cash and cash equivalents at beginning of period 2,221 26,039 71,237 99,497 Cash and cash equivalents at end of period $ 366 $ 656 $ 36,852 $ 37,874 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Cash Flows at March 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Global Indemnity Limited Consolidated Cash flows from operating activities: Net cash provided by (used for) operating activities $ (3,472 ) $ 27,752 $ 16,947 $ 41,227 Cash flows from investing activities: Proceeds from sale of fixed maturities 2,500 4,190 40,458 47,148 Proceeds from sale of equity securities — 9,283 — 9,283 Proceeds from maturity of fixed maturities 3,642 7,600 7,039 18,281 Proceeds from other invested assets — (612 ) 3,323 2,711 Amounts received in connection with derivatives — 5,490 — 5,490 Purchases of fixed maturities (23,615 ) (27,169 ) (42,819 ) (93,603 ) Purchases of equity securities — (7,340 ) — (7,340 ) Purchases of other invested assets — (7,050 ) — (7,050 ) Acquisition of business (3,515 ) — (3,515 ) Net cash provided by (used for) investing activities (17,473 ) (19,123 ) 8,001 (28,595 ) Cash flows from financing activities: Net repayments under margin borrowing facility — (8,212 ) — (8,212 ) Dividends paid to shareholders (3,499 ) — — (3,499 ) Dividends from subsidiaries 20,000 — (20,000 ) — Purchase of A ordinary shares (1,813 ) — — (1,813 ) Net cash provided by (used for) financing activities 14,688 (8,212 ) (20,000 ) (13,524 ) Net change in cash and cash equivalents (6,257 ) 417 4,948 (892 ) Cash and cash equivalents at beginning of period 11,089 7,749 55,576 74,414 Cash and cash equivalents at end of period $ 4,832 $ 8,166 $ 60,524 $ 73,522 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments

New Accounting Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Changes And Error Corrections [Abstract]
New Accounting Pronouncements	15. New Accounting Pronouncements Accounting Standards Adopted in 2019 In February, 2016, the FASB issued new accounting guidance regarding leases. The new guidance increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In July, 2018, additional accounting guidance was issued which provided entities with an additional and optional transition method when adopting this new standard. Under this new transition method, an entity initially applies the new leases standard at the adoption date and recognizes a cumulative effect adjustment to the opening balance sheet of retained earnings. The lease guidance is effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company adopted this new accounting guidance on January 1, 2019 using the optional transition method. The Company elected the package of practical expedients permitted under the transition guidance within the new standard. In addition, the Company elected the hindsight practical expedient to determine the lease term for existing leases. Upon adoption, the In March, 2017, the FASB issued new accounting guidance which amended the amortization period for certain purchased callable debt securities held at a premium. Prior to adoption, entities generally amortized the premium as an adjustment of yield over the contractual life of the instruments. Under the new guidance, the amortization period was shortened to the earliest call date. This guidance is effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company adopted this guidance on January 1, 2019. The adoption of this new accounting guidance did not have a material impact on its financial condition, results of operations, and cash flows. Please see Note 22 of the notes to the consolidated financial statements in Item 8 Part II of the Company’s 2018 Annual Report on Form 10-K for more information on accounting pronouncements issued but not yet adopted.

Principles of Consolidation a_2

Principles of Consolidation and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Business Segments	The Company manages its business through four business segments: Commercial Specialty, Specialty Property, Farm, Ranch, & Stable, and Reinsurance Operations. The Company’s Commercial Specialty segment offers specialty property and casualty insurance products in the excess and surplus lines marketplace. The Company manages Commercial Specialty 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 primarily 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 Specialty business segment and are not considered individual business segments because each product has similar economic characteristics, distribution, and coverage. The Company’s Specialty Property segment offers specialty personal lines property and casualty insurance products through general and specialty agents with specific binding authority on an admitted basis. The Company’s Farm, Ranch, & Stable segment provides specialized property and casualty coverage including Commercial Farm Auto and Excess/Umbrella Coverage for the agriculture industry as well as specialized insurance products for the equine mortality and major medical industry on an admitted basis. These insurance products are distributed through wholesalers and retail agents, with a selected number having specific binding authority. 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 Specialty, Specialty Property, and Farm, Ranch, & Stable 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. During the 1 st 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 ended March 31, 2019 and 2018 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 2018 Annual Report on Form 10-K. 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	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	The Company accounts for the interest rate swaps as non-hedge instruments and recognizes the fair value of the interest rate swaps in other assets or other liabilities on the consolidated balance sheets with the changes in fair value recognized as net realized investment gains or losses in the consolidated statements of operations. The Company is ultimately responsible for the valuation of the interest rate swaps. To aid in determining the estimated fair value of the interest rate swaps, the Company relies on the forward interest rate curve and information obtained from a third party financial institution.
Fair Value Measurement	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 a spread to a benchmark curve. Bonds with similar characteristics are grouped into specific sectors. Inputs for both asset classes consist of trade prices, broker quotes, the new issue market, and prices on comparable securities. • Data from commercial vendors is aggregated with market information, then converted into an OAS matrix and prepayment model used for commercial mortgage obligations (“CMO”). CMOs are categorized with mortgage-backed securities in the tables listed above. For asset-backed securities, spread data is derived from trade prices, dealer quotations, and research reports. For both asset classes, evaluations utilize standard inputs plus new issue data, and collateral performance. The evaluated pricing models incorporate cash flows, broker quotes, market trades, historical prepayment speeds, and dealer projected speeds. • For obligations of state and political subdivisions, an attribute-based modeling system is used. The pricing model incorporates trades, market clearing yields, market color, and fundamental credit research. • U.S. treasuries are evaluated by obtaining feeds from a number of live data sources including primary and secondary dealers as well as 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 income to determine the expected annual income tax rate used to compute the income tax provision. The expected annual income tax rate is then applied against interim pre-tax income, excluding net realized gains and losses and limited partnership distributions, and that amount is then added to the actual income taxes on net realized gains and losses, discrete items and limited partnership distributions. However, when there is significant volatility in the expected effective tax rate, the Company records its actual income tax provision in lieu of the estimated effective income tax rate.
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	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)	3 Months Ended
	Mar. 31, 2019
Investments Schedule [Abstract]
Schedule of Amortized Cost and Estimated Fair Value of Investments	The amortized cost and estimated fair value of investments were as follows as of March 31, 2019 and December 31, 2018: (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other than temporary impairments recognized in AOCI (1) As of March 31, 2019 Fixed maturities: U.S. treasury and agency obligations $ 82,416 $ 385 $ (686 ) $ 82,115 $ — Obligations of states and political subdivisions 74,379 803 (79 ) 75,103 — Mortgage-backed securities 127,305 1,070 (925 ) 127,450 — Asset-backed securities 180,410 652 (905 ) 180,157 Commercial mortgage-backed securities 230,620 1,236 (1,371 ) 230,485 — Corporate bonds 484,188 4,314 (1,224 ) 487,278 — Foreign corporate bonds 111,810 417 (260 ) 111,967 — Total fixed maturities 1,291,128 8,877 (5,450 ) 1,294,555 — Common stock 142,534 — — 142,534 — Other invested assets 48,705 — — 48,705 — Total $ 1,482,367 $ 8,877 $ (5,450 ) $ 1,485,794 $ — (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 Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other than temporary impairments recognized in AOCI (1) As of December 31, 2018 Fixed maturities: U.S. treasury and agency obligations $ 79,766 $ 252 $ (1,163 ) $ 78,855 $ — Obligations of states and political subdivisions 95,629 322 (338 ) 95,613 — Mortgage-backed securities 119,327 313 (1,786 ) 117,854 — Asset-backed securities 185,430 336 (2,012 ) 183,754 — Commercial mortgage-backed securities 206,236 338 (3,852 ) 202,722 — Corporate bonds 452,692 243 (12,080 ) 440,855 — Foreign corporate bonds 118,750 44 (3,292 ) 115,502 — Total fixed maturities 1,257,830 1,848 (24,523 ) 1,235,155 — Common stock 124,747 — — 124,747 — Other invested assets 50,753 — — 50,753 — Total $ 1,433,330 $ 1,848 $ (24,523 ) $ 1,410,655 $ — (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 March 31, 2019, 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 Fair Value Due in one year or less $ 90,024 $ 89,817 Due in one year through five years 433,261 435,243 Due in five years through ten years 221,139 222,883 Due in ten years through fifteen years 4,898 5,033 Due after fifteen years 3,471 3,487 Mortgage-backed securities 127,305 127,450 Asset-backed securities 180,410 180,157 Commercial mortgage-backed securities 230,620 230,485 Total $ 1,291,128 $ 1,294,555
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 March 31, 2019. Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fixed maturities: U.S. treasury and agency obligations $ — $ — $ 67,046 $ (686 ) $ 67,046 $ (686 ) Obligations of states and political subdivisions 3,955 (11 ) 10,263 (68 ) 14,218 (79 ) Mortgage-backed securities 738 (5 ) 55,605 (920 ) 56,343 (925 ) Asset-backed securities 48,178 (433 ) 65,567 (472 ) 113,745 (905 ) Commercial mortgage-backed securities 28,519 (109 ) 112,013 (1,262 ) 140,532 (1,371 ) Corporate bonds 2,759 (4 ) 100,922 (1,220 ) 103,681 (1,224 ) Foreign corporate bonds 7,713 (34 ) 26,967 (226 ) 34,680 (260 ) Total fixed maturities $ 91,862 $ (596 ) $ 438,383 $ (4,854 ) $ 530,245 $ (5,450 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired. The following table contains an analysis of the Company’s fixed income securities with gross unrealized losses, categorized by the period that the securities were in a continuous loss position as of December 31, 2018: Less than 12 months 12 months or longer (1) Total (Dollars in thousands) Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fixed maturities: U.S. treasury and agency obligations $ — $ — $ 67,185 $ (1,163 ) $ 67,185 $ (1,163 ) Obligations of states and political subdivisions 22,802 (57 ) 28,179 (281 ) 50,981 (338 ) Mortgage-backed securities 36,858 (408 ) 60,838 (1,378 ) 97,696 (1,786 ) Asset-backed securities 96,085 (1,342 ) 50,506 (670 ) 146,591 (2,012 ) Commercial mortgage-backed securities 44,596 (878 ) 127,557 (2,974 ) 172,153 (3,852 ) Corporate bonds 285,997 (8,791 ) 115,052 (3,289 ) 401,049 (12,080 ) Foreign corporate bonds 56,543 (1,795 ) 47,494 (1,497 ) 104,037 (3,292 ) Total fixed maturities $ 542,881 $ (13,271 ) $ 496,811 $ (11,252 ) $ 1,039,692 $ (24,523 ) (1) Fixed maturities in a gross unrealized loss position for twelve months or longer are primarily comprised of non-credit losses on investment grade securities where management does not intend to sell, and it is more likely than not that the Company will not be forced to sell the security before recovery. The Company has analyzed these securities and has determined that they are not other than temporarily impaired.
Schedule of Other Than Temporary Impairments on Investments	The Company recorded the following other than temporary impairments (“OTTI”) on its investment portfolio for the quarters ended March 31, 2019 and 2018: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities: OTTI losses, gross $ (1,897 ) $ — Portion of loss recognized in other comprehensive income (pre-tax) — — Net impairment losses on fixed maturities recognized in earnings $ (1,897 ) $ —
Schedule of Credit Losses Recognized in Earnings	The following table is an analysis of the credit losses recognized in earnings on fixed maturities held by the Company as of March 31, 2019 and 2018 for which a portion of the OTTI loss was recognized in other comprehensive income. Quarters Ended March 31, (Dollars in thousands) 2019 2018 Balance at beginning of period $ 13 $ 13 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 — — Balance at end of period $ 13 $ 13
Schedule of Accumulated Other Comprehensive Income, Net of Tax	Accumulated other comprehensive income, net of tax, as of March 31, 2019 and December 31, 2018 was as follows: (Dollars in thousands) March 31, 2019 December 31, 2018 Net unrealized gains (losses)from: Fixed maturities $ 3,427 $ (22,675 ) Foreign currency fluctuations (1,140 ) (1,334 ) Deferred taxes (618 ) 2,778 Accumulated other comprehensive income, net of tax $ 1,669 $ (21,231 )
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 ended March 31, 2019 and 2018: Quarter Ended March 31, 2019 (Dollars In Thousands) Unrealized Gains and Losses on Available for Sale Securities Foreign Currency Items Accumulated Other Comprehensive Income Beginning balance, net of tax $ (19,897 ) $ (1,334 ) $ (21,231 ) Other comprehensive loss before reclassification, before tax 23,907 194 24,101 Amounts reclassified from accumulated other comprehensive income (loss), before tax 2,195 — 2,195 Other comprehensive loss, before tax 26,102 194 26,296 Income tax benefit related to items of OCI (3,396 ) — (3,396 ) Ending balance, net of tax $ 2,809 $ (1,140 ) $ 1,669 Quarter Ended March 31, 2018 (Dollars In Thousands) Unrealized Gains and Losses on Available for Sale Securities Foreign Currency Items Accumulated Other Comprehensive Income Beginning balance, net of tax $ 8,272 $ 711 $ 8,983 Other comprehensive income before reclassification, before tax (17,344 ) (372 ) (17,716 ) Amounts reclassified from accumulated other comprehensive income (loss), before tax 93 — 93 Other comprehensive income, before tax (17,251 ) (372 ) (17,623 ) Income tax (expense) benefit related to items of OCI 2,137 — 2,137 Cumulative effect adjustment, net of tax (9,868 ) (160 ) (10,028 ) Ending balance, net of tax $ (16,710 ) $ 179 $ (16,531 )
Reclassifications Out of Accumulated Other Comprehensive Income	The reclassifications out of accumulated other comprehensive income for the quarters ended March 31, 2019 and 2018 were as follows: (Dollars in thousands) Amounts Reclassified from Accumulated Other Comprehensive Income Quarters Ended March 31, Details about Accumulated Other Comprehensive Income Components Affected Line Item in the Consolidated Statements of Operations 2019 2018 Unrealized gains and losses on available for sale securities Other net realized investment (gains) losses $ 298 $ 93 Other than temporary impairment losses on investments 1,897 — Total before tax 2,195 93 Income tax expense (benefit) (273 ) (18 ) Unrealized gains and losses on available for sale securities, net of tax 1,922 75 Foreign currency items Other net realized investment (gains) losses — $ — Income tax expense — — Foreign currency items, net of tax — — Total reclassifications Total reclassifications, net of tax $ 1,922 $ 75
Components of Net Realized Investment Gains (Losses)	The components of net realized investment gains (losses) for the quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities: Gross realized gains $ 26 $ 24 Gross realized losses (2,221 ) (117 ) Net realized gains (losses) (2,195 ) (93 ) Common stock: Gross realized gains 16,685 3,453 Gross realized losses (1,533 ) (7,827 ) Net realized gains (losses) 15,152 (4,374 ) Derivatives: Gross realized gains - 4,801 Gross realized losses (2,567 ) (650 ) Net realized gains (losses) (1) (2,567 ) 4,151 Total net realized investment gains (losses) $ 10,390 $ (316 ) (1) Includes periodic net interest settlements related to the derivatives of $0.2 million and $0.7 million for the quarters ended March 31, 2019 and 2018, respectively.
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 March 31, 2019 and 2018: Quarter Ended March 31, (Dollars in thousands) 2019 2018 Net gains and (losses) recognized during the period on equity securities $ 15,152 $ (4,374 ) Less: Net gains recognized during the period on equity securities sold during the period 2,034 554 Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date $ 13,118 $ (4,928 )
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 quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities $ 61,258 $ 47,148 Equity securities 15,354 9,283
Schedule of Investment Income	The sources of net investment income for the quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Fixed maturities $ 9,968 $ 8,528 Equity securities 1,137 999 Cash and cash equivalents 401 264 Other invested assets (3,704 ) 2,323 Total investment income 7,802 12,114 Investment expense (583 ) (710 ) Net investment income $ 7,219 $ 11,404
Schedule of Total Investment Return	The Company’s total investment return on a pre-tax basis for the quarters ended March 31, 2019 and 2018 were as follows: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Net investment income $ 7,219 $ 11,404 Net realized investment gains (losses) 10,390 (316 ) Change in unrealized holding gains and losses 26,296 (17,623 ) Net realized and unrealized investment returns 36,686 (17,939 ) Total investment return $ 43,905 $ (6,535 ) Total investment return % (1) 2.9 % (0.4 %) Average investment portfolio $ 1,514,292 $ 1,538,651 (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 bonds that are escrowed in U.S. government obligations, as of March 31, 2019, is as follows: (Dollars in thousands) Financial Guarantor Total Pre- refunded Securities Government Guaranteed Securities Exposure Net of Pre- refunded & Government Guaranteed Securities Municipal Bond Insurance Association $ 699 $ — $ — $ 699 Total backed by financial guarantors $ 699 $ — $ — $ 699
Summary of Estimated Fair Values of Bonds Held on Deposit	The fair values were as follows as of March 31, 2019 and December 31, 2018: Estimated Fair Value (Dollars in thousands) March 31, 2019 December 31, 2018 On deposit with governmental authorities $ 26,613 $ 25,855 Intercompany trusts held for the benefit of U.S. policyholders 189,464 209,028 Held in trust pursuant to third party requirements 113,883 98,417 Letter of credit held for third party requirements 1,458 2,317 Securities held as collateral for borrowing arrangements (1) 90,228 83,214 Total $ 421,646 $ 418,831 (1) Amount required to collateralize margin borrowing facility.

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
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 March 31, 2019 and December 31, 2018: (Dollars in thousands) March 31, 2019 December 31, 2018 Derivatives Not Designated as Hedging Instruments under ASC 815 Balance Sheet Location Notional Amount Fair Value Notional Amount Fair Value Interest rate swap agreements Other assets/liabilities $ 200,000 $ (6,423 ) $ 200,000 $ (4,062 )
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 ended March 31, 2019 and 2018: Quarters Ended March 31, (Dollars in thousands) Consolidated Statements of Operations Line 2019 2018 Interest rate swap agreements Net realized investment gains (losses) $ (2,567 ) $ 4,151

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
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 March 31, 2019 and December 31, 2018 and indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value. Fair Value Measurements As of March 31, 2019 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 82,115 $ — $ — $ 82,115 Obligations of states and political subdivisions — 75,103 — 75,103 Mortgage-backed securities — 127,450 — 127,450 Commercial mortgage-backed securities — 230,485 — 230,485 Asset-backed securities — 180,157 — 180,157 Corporate bonds — 487,278 — 487,278 Foreign corporate bonds — 111,967 — 111,967 Total fixed maturities 82,115 1,212,440 — 1,294,555 Common stock 142,534 — — 142,534 Total assets measured at fair value (1) $ 224,649 $ 1,212,440 $ — $ 1,437,089 Liabilities: Derivative instruments $ — $ 6,423 $ — $ 6,423 Total liabilities measured at fair value $ — $ 6,423 $ — $ 6,423 (1) Excluded from the table above are limited partnerships of $48.7 million at March 31, 2019 whose fair value is based on net asset value as a practical expedient. Fair Value Measurements As of December 31, 2018 (Dollars in thousands) Level 1 Level 2 Level 3 Total Assets: Fixed maturities: U.S. treasury and agency obligations $ 78,855 $ — $ — $ 78,855 Obligations of states and political subdivisions — 95,613 — 95,613 Mortgage-backed securities — 117,854 — 117,854 Commercial mortgage-backed securities — 202,722 — 202,722 Asset-backed securities — 183,754 — 183,754 Corporate bonds — 440,855 — 440,855 Foreign corporate bonds — 115,502 — 115,502 Total fixed maturities 78,855 1,156,300 — 1,235,155 Common stock 124,747 — — 124,747 Total assets measured at fair value (1) $ 203,602 $ 1,156,300 $ — $ 1,359,902 Liabilities: Derivative instruments $ — $ 4,062 $ — $ 4,062 Total liabilities measured at fair value $ — $ 4,062 $ — $ 4,062 (1) Excluded from the table above are limited partnerships of $50.8 million at December 31, 2018 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 March 31, 2019 and December 31, 2018 was as follows: March 31, 2019 December 31, 2018 (Dollars in thousands) Carrying Value Fair Value Carrying Value Fair Value Margin Borrowing Facility $ 71,768 $ 71,768 $ 65,818 $ 65,818 7.75% Subordinated Notes due 2045 (1) 96,772 99,052 96,742 92,261 7.875% Subordinated Notes due 2047 (2) 126,041 130,045 126,005 120,597 Total $ 294,581 $ 300,865 $ 288,565 $ 278,676 (1) As of March 31, 2019 and December 31, 2018, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.2 million and $3.3 million, respectively. (2) As of March 31, 2019 and December 31, 2018, the carrying value and fair value of the 7.875% Subordinated Notes due 2047 are net of unamortized debt issuance cost of $4.0 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 March 31, 2019 and December 31, 2018. March 31, 2019 December 31, 2018 (Dollars in thousands) Fair Value Future Funding Commitment Fair Value Future Funding Commitment Real Estate Fund, LP (1) $ — $ — $ — $ — European Non-Performing Loan Fund, LP (2) 16,448 14,214 17,893 14,214 Distressed Debt Fund, LP (3) 32,257 17,000 32,860 20,500 Total $ 48,705 $ 31,214 $ 50,753 $ 34,714 (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 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 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)	3 Months Ended
	Mar. 31, 2019
Income Tax Disclosure [Abstract]
Income before Income Taxes from its Non-U.S. Subsidiaries and U.S. Subsidiaries	The Company’s income before income taxes from its non-U.S. subsidiaries and U.S. subsidiaries for the quarters ended March 31, 2019 and 2018 were as follows: Quarter Ended March 31, 2019 (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 17,549 $ 124,652 $ — $ 142,201 Net premiums written $ 17,542 $ 105,874 $ — $ 123,416 Net premiums earned $ 14,707 $ 107,382 $ — $ 122,089 Net investment income 4,370 3,136 (287 ) 7,219 Net realized investment gains (losses) (892 ) 11,282 — 10,390 Other income 15 473 — 488 Total revenues 18,200 122,273 (287 ) 140,186 Losses and Expenses: Net losses and loss adjustment expenses 4,980 53,341 — 58,321 Acquisition costs and other underwriting expenses 4,995 44,748 — 49,743 Corporate and other operating expenses 1,527 1,678 — 3,205 Interest expense 353 4,957 (287 ) 5,023 Income before income taxes $ 6,345 $ 17,549 $ — $ 23,894 Quarter Ended March 31, 2018 (Dollars in thousands) Non-U.S. Subsidiaries U.S. Subsidiaries Eliminations Total Revenues: Gross premiums written $ 10,315 $ 113,932 $ — $ 124,247 Net premiums written $ 10,314 $ 97,556 $ — $ 107,870 Net premiums earned $ 48,022 $ 59,980 $ — $ 108,002 Net investment income 15,221 7,188 (11,005 ) 11,404 Net realized investment losses (5 ) (311 ) — (316 ) Other income 51 503 — 554 Total revenues 63,289 67,360 (11,005 ) 119,644 Losses and Expenses: Net losses and loss adjustment expenses 20,565 35,507 — 56,072 Acquisition costs and other underwriting expenses 21,140 23,863 — 45,003 Corporate and other operating expenses 4,399 4,861 — 9,260 Interest expense 4,841 11,025 (11,005 ) 4,861 Income (loss) before income taxes $ 12,344 $ (7,896 ) $ — $ 4,448
Components of Income Tax Benefit	The following table summarizes the components of income tax benefit: Quarters Ended March 31, (Dollars in thousands) 2019 2018 Current income tax expense: Foreign $ 46 $ 179 U.S. Federal — 566 Total current income tax expense 46 745 Deferred income tax expense (benefit): U.S. Federal 4,248 (1,998 ) Total deferred income tax expense (benefit) 4,248 (1,998 ) Total income tax expense (benefit) $ 4,294 $ (1,253 )
Differences in Tax Provision for Financial Statement Purposes and Expected Tax Provision 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 March 31, 2019 2018 (Dollars in thousands) Amount % of Pre- Tax Income Amount % of Pre- Tax Income Expected tax provision at weighted average tax rate $ 3,732 15.6 % $ (1,536 ) (34.5 %) Adjustments: Tax exempt interest (1 ) — (1 ) — Dividend exclusion (77 ) (0.3 ) (65 ) (1.5 ) Base Erosion Anti-Abuse Tax — — 566 12.7 Non-deductible interest 680 2.8 Other (40 ) (0.1 ) (217 ) (4.9 ) Effective income tax expense (benefit) $ 4,294 18.0 % $ (1,253 ) (28.2 %)

Liability for Unpaid Losses a_2

Liability for Unpaid Losses and Loss Adjustment Expenses (Tables)	3 Months Ended
	Mar. 31, 2019
Insurance [Abstract]
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 March 31, (Dollars in thousands) 2019 2018 Balance at beginning of period $ 680,031 $ 634,664 Less: Ceded reinsurance receivables 109,342 97,243 Net balance at beginning of period 570,689 537,421 Incurred losses and loss adjustment expenses related to: Current year 66,251 61,999 Prior years (7,930 ) (5,927 ) Total incurred losses and loss adjustment expenses 58,321 56,072 Paid losses and loss adjustment expenses related to: Current year 18,340 17,454 Prior years 61,776 53,228 Total paid losses and loss adjustment expenses 80,116 70,682 Net balance at end of period 548,894 522,811 Plus: Ceded reinsurance receivables 97,065 92,314 Balance at end of period $ 645,959 $ 615,125

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: (Dollars in thousands) Quarter Ended March 31, 2019 Operating lease expense $ 819 Short-term lease expense 3 Total lease expense $ 822
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: (Dollars in thousands) Quarter Ended March 31, 2019 Cash paid for amounts included in the measurement of liabilities: Operating cash flows from operating leases $ 574 Right-of-use assets obtained in exchange for new lease obligations: Operating leases $ 14,897
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheets. (Dollars in thousands) Classification on the consolidated balance sheets March 31, 2019 Assets: Operating lease assets Other assets $ 24,803 Liabilities: Operating lease liabilities Other liabilities $ 25,016 Weighted-average remaining lease term Operating leases 10.3 years Weighted-average discount rate Operating leases (1) 2.7 % (1) Represents the Company’s incremental borrowing rate
Future Minimum Cash Payments Under Non-cancelable Operating Leases	At March 31, 2019, future minimum lease payments under non-cancelable operating leases were as follows: (Dollars in thousands) 2019 (1) $ 1,957 2020 1,942 2021 2,779 2022 2,659 2023 2,702 Thereafter 16,887 Total future minimum lease payments $ 28,926 Less: amount representing interest 3,910 Present value of minimum lease payments $ 25,016 (1) Excludes the quarter ended March 31, 2019

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Information with Respect to A Ordinary Shares that were Surrendered or Repurchased	The following table provides information with respect to the A ordinary shares that were surrendered or repurchased during the quarter ended March 31, 2019: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs January 1-31, 2019 7,945 (2) $ 36.23 — — February 1-28, 2019 19,083 (2) $ 34.59 — — Total 27,028 $ 35.07 — (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 quarter ended March 31, 2018: Period (1) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plan or Program Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs January 1-31, 2018 26,639 (2) $ 42.02 — — March 1-31, 2018 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.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table sets forth the computation of basic and diluted earnings per share: Quarters Ended March 31, (Dollars in thousands, except share and per share data) 2019 2018 Net income $ 19,600 $ 5,701 Basic earnings per share: Weighted average shares outstanding – basic 14,153,918 14,055,022 Net income per share $ 1.38 $ 0.41 Diluted earnings per share: Weighted average shares outstanding – diluted 14,315,091 14,285,837 Net income per share $ 1.37 $ 0.40
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 March 31, 2019 2018 Weighted average shares for basic earnings per share 14,153,918 14,055,022 Non-vested restricted stock 14,723 68,782 Options 146,450 162,033 Weighted average shares for diluted earnings per share 14,315,091 14,285,837

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Reporting [Abstract]
Summary of Business Segment Information	The following are tabulations of business segment information for the quarters ended March 31, 2019 and 2018: Quarter Ended March 31, 2019 (Dollars in thousands) Commercial Specialty (1) Specialty Property (1) Farm, Ranch, & Stable (1) Reinsurance Operations (2) Total Revenues: Gross premiums written $ 64,213 $ 39,674 (4) $ 20,765 $ 17,549 $ 142,201 Net premiums written $ 55,170 $ 33,212 $ 17,492 $ 17,542 $ 123,416 Net premiums earned $ 55,641 $ 34,619 $ 17,122 $ 14,707 $ 122,089 Other income — 443 30 15 488 Total revenues 55,641 35,062 17,152 14,722 122,577 Losses and Expenses: Net losses and loss adjustment expenses 21,651 20,503 8,138 8,029 58,321 Acquisition costs and other underwriting expenses 22,812 14,653 7,282 4,996 49,743 Income (loss) from segments $ 11,178 $ (94 ) $ 1,732 $ 1,697 $ 14,513 Unallocated Items: Net investment income 7,219 Net realized investment gain 10,390 Corporate and other operating expenses (3,205 ) Interest expense (5,023 ) Income before income taxes 23,894 Income tax expense (4,294 ) Net income 19,600 Total assets $ 806,951 $ 359,482 $ 193,567 $ 624,908 (3) $ 1,984,908 (1) Includes business ceded to the Company’s Reinsurance Operations. (2) External business only, excluding business assumed from affiliates. (3) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (4) Includes ($138) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement. Quarter Ended March 31, 2018 (Dollars in thousands) Commercial Specialty (1) Specialty Property (1) Farm, Ranch, & Stable (1) Reinsurance Operations (2) Total Revenues: Gross premiums written $ 53,773 $ 41,344 (7) $ 18,821 $ 10,309 $ 124,247 Net premiums written $ 48,306 $ 33,010 $ 16,245 $ 10,309 $ 107,870 Net premiums earned $ 47,362 $ 33,987 $ 16,625 $ 10,028 $ 108,002 Other income — 446 57 51 554 Total revenues 47,362 34,433 16,682 10,079 108,556 Losses and Expenses: Net losses and loss adjustment expenses 25,029 21,186 6,435 3,422 56,072 Acquisition costs and other underwriting expenses 19,205 (3) 14,954 (4) 7,225 (5) 3,619 45,003 Income (loss) from segments $ 3,128 $ (1,707 ) $ 3,022 $ 3,038 $ 7,481 Unallocated Items: Net investment income 11,404 Net realized investment losses (316 ) Corporate and other operating expenses (9,260 ) Interest expense (4,861 ) Income before income taxes 4,448 Income tax benefit 1,253 Net income 5,701 Total assets $ 893,115 $ 321,690 $ 173,218 $ 575,691 (6) $ 1,963,714 (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 $174 relating to cessions from Commercial Specialty to Reinsurance Operations. (4) Includes federal excise tax of $141 relating to cessions from Specialty Property to Reinsurance Operations. (5) Includes federal excise tax of $65 relating to cessions from Farm, Ranch, & Stable to Reinsurance Operations. (6) Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries. (7) Includes ($867) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries (Tables)	3 Months Ended
	Mar. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets at March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co- obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated ASSETS Total investments $ 55,358 $ 263,820 $ 1,166,616 $ — $ 1,485,794 Cash and cash equivalents 366 656 36,852 — 37,874 Investments in subsidiaries 1,147,828 311,137 (527 ) (1,458,438 ) — Due from subsidiaries and affiliates (1,716 ) (4,097 ) 5,813 — — Notes receivable – affiliate — 80,049 847,808 (927,857 ) — Interest receivable – affiliate — 4,157 17,258 (21,415 ) — Premiums receivable, net — — 92,477 — 92,477 Reinsurance receivables, net — — 102,346 — 102,346 Funds held by ceding insurers — — 44,902 — 44,902 Federal income taxes receivable — 13,242 (2,173 ) — 11,069 Deferred federal income taxes — 40,034 909 — 40,943 Deferred acquisition costs — — 62,854 — 62,854 Intangible assets — — 21,888 — 21,888 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 19,041 — 19,041 Receivable for securities sold — 306 (306 ) — — Other assets 8,411 8,656 49,319 (7,187 ) 59,199 Total assets $ 1,210,247 $ 717,960 $ 2,471,598 $ (2,414,897 ) $ 1,984,908 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 645,959 $ — $ 645,959 Unearned premiums — — 281,684 — 281,684 Ceded balances payable — — 14,573 — 14,573 Payable for securities purchased — — 5,252 — 5,252 Contingent commissions — — 7,170 — 7,170 Debt — 301,768 — (7,187 ) 294,581 Notes payable – affiliates 520,498 402,310 5,049 (927,857 ) — Accrued interest payable – affiliates 19,707 — 1,708 (21,415 ) — Other liabilities 2,387 14,409 51,238 — 68,034 Total liabilities 542,592 718,487 1,012,633 (956,459 ) 1,317,253 Shareholders’ equity Total shareholders’ equity 667,655 (527 ) 1,458,965 (1,458,438 ) 667,655 Total liabilities and shareholders’ equity $ 1,210,247 $ 717,960 $ 2,471,598 $ (2,414,897 ) $ 1,984,908 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Balance Sheets at December 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated ASSETS Total investments $ 55,377 $ 233,479 $ 1,121,799 $ — $ 1,410,655 Cash and cash equivalents 2,221 26,039 71,237 — 99,497 Investments in subsidiaries 1,105,032 296,357 (19,922 ) (1,381,467 ) — Due from subsidiaries and affiliates 584 (2,133 ) 1,549 — — Notes receivable – affiliate — 80,049 847,808 (927,857 ) — Interest receivable – affiliate — 3,869 17,425 (21,294 ) — Premiums receivable, net — — 87,679 — 87,679 Reinsurance receivables, net — — 114,418 — 114,418 Funds held by ceding insurers — — 49,206 — 49,206 Federal income taxes receivable — 4,631 6,235 — 10,866 Deferred federal income taxes — 44,481 4,108 — 48,589 Deferred acquisition costs — — 61,676 — 61,676 Intangible assets — — 22,020 — 22,020 Goodwill — — 6,521 — 6,521 Prepaid reinsurance premiums — — 20,594 — 20,594 Receivable for securities sold — — 15 — 15 Other assets 8,461 5,085 22,237 (7,253 ) 28,530 Total assets $ 1,171,675 $ 691,857 $ 2,434,605 $ (2,337,871 ) $ 1,960,266 LIABILITIES AND SHAREHOLDERS’ EQUITY Liabilities: Unpaid losses and loss adjustment expenses $ — $ — $ 680,031 $ — $ 680,031 Unearned premiums — — 281,912 — 281,912 Ceded balances payable — — 14,994 — 14,994 Contingent commissions — — 10,636 — 10,636 Debt — 295,818 — (7,253 ) 288,565 Notes payable – affiliates 520,498 402,310 5,049 (927,857 ) — Accrued interest payable – affiliates 19,499 — 1,795 (21,294 ) — Other liabilities 2,619 13,651 38,799 — 55,069 Total liabilities 542,616 711,779 1,033,216 (956,404 ) 1,331,207 Shareholders’ equity Total shareholders’ equity 629,059 (19,922 ) 1,401,389 (1,381,467 ) 629,059 Total liabilities and shareholders’ equity $ 1,171,675 $ 691,857 $ 2,434,605 $ (2,337,871 ) $ 1,960,266 (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 Consolidating Statements of Operations	Condensed Consolidating Statements of Operations for the Quarter Ended March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Revenues: Net premiums earned $ — $ — $ 122,089 $ — $ 122,089 Net investment income 642 (2,075 ) 8,939 (287 ) 7,219 Net realized investment gains (losses) (7 ) 12,076 (1,679 ) — 10,390 Other income — 28 460 — 488 Total revenues 635 10,029 129,809 (287 ) 140,186 Losses and Expenses: Net losses and loss adjustment expenses — — 58,321 — 58,321 Acquisition costs and other underwriting expenses — — 49,743 — 49,743 Corporate and other operating expenses 1,329 1,566 310 — 3,205 Interest expense 274 4,957 79 (287 ) 5,023 Income (loss) before equity in net income of subsidiaries and income taxes (968 ) 3,506 21,356 — 23,894 Equity in net income of subsidiaries 20,568 7,893 10,059 (38,520 ) — Income before income taxes 19,600 11,399 31,415 (38,520 ) 23,894 Income tax expense — 1,340 2,954 — 4,294 Net income $ 19,600 $ 10,059 $ 28,461 $ (38,520 ) $ 19,600 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Operations for the Quarter Ended March 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Revenues: Net premiums earned $ — $ — $ 108,002 $ — $ 108,002 Net investment income 132 3,201 19,624 (11,553 ) 11,404 Net realized investment losses — (220 ) (96 ) — (316 ) Other income (loss) — (2 ) 556 — 554 Total revenues 132 2,979 128,086 (11,553 ) 119,644 Losses and Expenses: Net losses and loss adjustment expenses — — 56,072 — 56,072 Acquisition costs and other underwriting expenses — — 45,003 — 45,003 Corporate and other operating expenses 4,258 4,718 284 — 9,260 Interest expense 5,319 11,020 75 (11,553 ) 4,861 Income (loss) before equity in net income (loss) of subsidiaries and income taxes (9,445 ) (12,759 ) 26,652 — 4,448 Equity in net income (loss) of subsidiaries 15,146 7,657 (6,467 ) (16,336 ) — Income (loss) before income taxes 5,701 (5,102 ) 20,185 (16,336 ) 4,448 Income tax benefit (expense) — 1,365 (2,618 ) — (1,253 ) Net Income (loss) $ 5,701 $ (6,467 ) $ 22,803 $ (16,336 ) $ 5,701 (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 Consolidating Statements of Comprehensive Income	Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Net income $ 19,600 $ 10,059 $ 28,461 $ (38,520 ) $ 19,600 Other comprehensive income, net of tax: Unrealized holding gains 659 2,047 18,079 — 20,785 Equity in other comprehensive income of unconsolidated subsidiaries 22,234 10,325 12,774 (45,333 ) — Portion of other-than-temporary impairment losses recognized in other comprehensive income — — (1 ) — (1 ) Reclassification adjustment for losses included in net income 7 402 1,513 — 1,922 Unrealized foreign currency translation gains — — 194 — 194 Other comprehensive income, net of tax 22,900 12,774 32,559 (45,333 ) 22,900 Comprehensive income, net of tax $ 42,500 $ 22,833 $ 61,020 $ (83,853 ) $ 42,500 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Comprehensive Income for the Quarter Ended March 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Consolidating Adjustments (2) Global Indemnity Limited Consolidated Net income (loss) $ 5,701 $ (6,467 ) $ 22,803 $ (16,336 ) $ 5,701 Other comprehensive loss, net of tax: Unrealized holding losses (124 ) (1,611 ) (13,453 ) — (15,188 ) Equity in other comprehensive loss of unconsolidated subsidiaries (15,362 ) (6,513 ) (8,126 ) 30,001 — Portion of other-than-temporary impairment losses recognized in other comprehensive loss — — (1 ) — (1 ) Reclassification adjustment for (gains) losses included in net income (loss) — (2 ) 77 — 75 Unrealized foreign currency translation losses — — (372 ) — (372 ) Other comprehensive loss, net of tax (15,486 ) (8,126 ) (21,875 ) 30,001 (15,486 ) Comprehensive income (loss), net of tax $ (9,785 ) $ (14,593 ) $ 928 $ 13,665 $ (9,785 ) (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 Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows at March 31, 2019 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Global Indemnity Limited Consolidated Cash flows from operating activities: Net cash provided by (used for) operating activities $ 2,225 $ (10,514 ) $ (14,901 ) $ (23,190 ) Cash flows from investing activities: Proceeds from sale of fixed maturities 9,567 12,200 39,491 61,258 Proceeds from sale of equity securities — 15,354 — 15,354 Proceeds from maturity of fixed maturities — — 19,352 19,352 Proceeds from other invested assets 1,445 — — 1,445 Amounts paid in connection with derivatives — (3,735 ) — (3,735 ) Purchases of fixed maturities (10,548 ) (23,149 ) (78,327 ) (112,024 ) Purchases of equity securities — (17,989 ) — (17,989 ) Purchases of other invested assets — (3,500 ) — (3,500 ) Net cash provided by (used for) investing activities 464 (20,819 ) (19,484 ) (39,839 ) Cash flows from financing activities: Net borrowings under margin borrowing facility — 5,950 — 5,950 Dividends paid to shareholders (3,595 ) — — (3,595 ) Purchase of A ordinary shares (949 ) — — (949 ) Net cash provided by (used for) financing activities (4,544 ) 5,950 — 1,406 Net change in cash and cash equivalents (1,855 ) (25,383 ) (34,385 ) (61,623 ) Cash and cash equivalents at beginning of period 2,221 26,039 71,237 99,497 Cash and cash equivalents at end of period $ 366 $ 656 $ 36,852 $ 37,874 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments Condensed Consolidating Statements of Cash Flows at March 31, 2018 (Dollars in thousands) Global Indemnity Limited (Parent co-obligor) Global Indemnity Group, Inc. (Subsidiary co-obligor) Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries) (1) Global Indemnity Limited Consolidated Cash flows from operating activities: Net cash provided by (used for) operating activities $ (3,472 ) $ 27,752 $ 16,947 $ 41,227 Cash flows from investing activities: Proceeds from sale of fixed maturities 2,500 4,190 40,458 47,148 Proceeds from sale of equity securities — 9,283 — 9,283 Proceeds from maturity of fixed maturities 3,642 7,600 7,039 18,281 Proceeds from other invested assets — (612 ) 3,323 2,711 Amounts received in connection with derivatives — 5,490 — 5,490 Purchases of fixed maturities (23,615 ) (27,169 ) (42,819 ) (93,603 ) Purchases of equity securities — (7,340 ) — (7,340 ) Purchases of other invested assets — (7,050 ) — (7,050 ) Acquisition of business (3,515 ) — (3,515 ) Net cash provided by (used for) investing activities (17,473 ) (19,123 ) 8,001 (28,595 ) Cash flows from financing activities: Net repayments under margin borrowing facility — (8,212 ) — (8,212 ) Dividends paid to shareholders (3,499 ) — — (3,499 ) Dividends from subsidiaries 20,000 — (20,000 ) — Purchase of A ordinary shares (1,813 ) — — (1,813 ) Net cash provided by (used for) financing activities 14,688 (8,212 ) (20,000 ) (13,524 ) Net change in cash and cash equivalents (6,257 ) 417 4,948 (892 ) Cash and cash equivalents at beginning of period 11,089 7,749 55,576 74,414 Cash and cash equivalents at end of period $ 4,832 $ 8,166 $ 60,524 $ 73,522 (1) Includes all other subsidiaries of Global Indemnity Limited and eliminations (2) Includes Parent co-obligor and subsidiary co-obligor consolidating adjustments

Principles of Consolidation a_3

Principles of Consolidation and Basis of Presentation - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019SegmentProduct
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	4
Commercial Specialty
Organization And Basis Of Presentation [Line Items]
Number of product classifications | Product	4
Specialty Property and Farm, Ranch, & Stable
Organization And Basis Of Presentation [Line Items]
Number of business segments	2

Schedule of Amortized Cost and

Schedule of Amortized Cost and Estimated Fair Value of Investments (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		$ 1,291,128	$ 1,257,830
Fixed maturities, Gross Unrealized Gains		8,877	1,848
Fixed maturities, Gross Unrealized losses		(5,450)	(24,523)
Fixed maturities, Estimated Fair Value		1,294,555	1,235,155
Other than temporary impairments recognized in AOCI	[1]	0	0
Common stock, Amortized Cost		142,534	124,747
Common stock, Gross Unrealized Gains		0	0
Common stock, Gross Unrealized losses		0	0
Common stock, Estimated Fair Value		142,534	124,747
Other invested assets, Amortized Cost		48,705	50,753
Other invested assets, Gross Unrealized Gains		0	0
Other invested assets, Gross Unrealized losses		0	0
Other invested assets, Estimated Fair Value		48,705	50,753
Total, Amortized Cost		1,482,367	1,433,330
Total, Gross Unrealized Gains		8,877	1,848
Total, Gross Unrealized Losses		(5,450)	(24,523)
Total, Estimated Fair Value		1,485,794	1,410,655
U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		82,416	79,766
Fixed maturities, Gross Unrealized Gains		385	252
Fixed maturities, Gross Unrealized losses		(686)	(1,163)
Fixed maturities, Estimated Fair Value		82,115	78,855
Other than temporary impairments recognized in AOCI	[1]	0	0
Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		74,379	95,629
Fixed maturities, Gross Unrealized Gains		803	322
Fixed maturities, Gross Unrealized losses		(79)	(338)
Fixed maturities, Estimated Fair Value		75,103	95,613
Other than temporary impairments recognized in AOCI	[1]	0	0
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		127,305	119,327
Fixed maturities, Gross Unrealized Gains		1,070	313
Fixed maturities, Gross Unrealized losses		(925)	(1,786)
Fixed maturities, Estimated Fair Value		127,450	117,854
Other than temporary impairments recognized in AOCI	[1]	0	0
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		180,410	185,430
Fixed maturities, Gross Unrealized Gains		652	336
Fixed maturities, Gross Unrealized losses		(905)	(2,012)
Fixed maturities, Estimated Fair Value		180,157	183,754
Other than temporary impairments recognized in AOCI	[1]	0	0
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		230,620	206,236
Fixed maturities, Gross Unrealized Gains		1,236	338
Fixed maturities, Gross Unrealized losses		(1,371)	(3,852)
Fixed maturities, Estimated Fair Value		230,485	202,722
Other than temporary impairments recognized in AOCI	[1]	0	0
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		484,188	452,692
Fixed maturities, Gross Unrealized Gains		4,314	243
Fixed maturities, Gross Unrealized losses		(1,224)	(12,080)
Fixed maturities, Estimated Fair Value		487,278	440,855
Other than temporary impairments recognized in AOCI	[1]	0	0
Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Fixed maturities, Amortized Cost		111,810	118,750
Fixed maturities, Gross Unrealized Gains		417	44
Fixed maturities, Gross Unrealized losses		(260)	(3,292)
Fixed maturities, Estimated Fair Value		111,967	115,502
Other than temporary impairments recognized in AOCI	[1]	$ 0	$ 0
[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)	3 Months Ended
	Mar. 31, 2019USD ($)Entity	Dec. 31, 2018USD ($)
Debt Securities, Available-for-sale [Line Items]
Investments in a single issuer as a percentage of shareholders' equity	5.00%	6.00%
Fixed maturity securities with market value	$ 400,000	$ 400,000
Insurance enhanced collateralized mortgage obligations, commercial mortgage-backed, and credit securities	26,800,000
Ratings without insurance	0
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	$ 26,100,000
Asset backed and taxable municipal bonds as a percentage of total cash and invested assets	1.70%
Variable Interest Entity, Not Primary Beneficiary
Debt Securities, Available-for-sale [Line Items]
Number of VIE's | Entity	2
Ownership interest exceeds respective investments	3.00%
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	$ 16,400,000	17,900,000
Variable interest entities, maximum exposure to loss	30,700,000	32,100,000
Second VIE that invests in distressed securities and assets
Debt Securities, Available-for-sale [Line Items]
Significant variable interest in fair value of the non-consolidated VIE	32,300,000	32,900,000
Variable interest entities, maximum exposure to loss	49,300,000	$ 53,400,000
Municipal Bond Insurance Association
Debt Securities, Available-for-sale [Line Items]
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	5,100,000
Assured Guaranty Corporation
Debt Securities, Available-for-sale [Line Items]
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	7,500,000
Taxable Municipal Bonds
Debt Securities, Available-for-sale [Line Items]
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	12,600,000
Federal Home Loan Mortgage Corporation
Debt Securities, Available-for-sale [Line Items]
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	13,400,000
Federal Deposit Insurance Corporation
Debt Securities, Available-for-sale [Line Items]
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	100,000
Pre-Refunded Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	0
AA Rating
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	$ 700,000
AA Rating | Maximum
Debt Securities, Available-for-sale [Line Items]
Insurance enhanced municipal bonds as a percentage of total cash and invested assets	0.10%
U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses	$ 686,000
Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses	79,000
Obligations of States and Political Subdivisions | Investment Grade Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater	68,000
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses	925,000
Mortgage Backed Securities | AA+ Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater	$ 920,000
Percentage of unrealized losses for 12 months or greater	98.70%
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses	$ 905,000
Weighted average credit enhancement	20.80%
Asset-backed Securities | A Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater	$ 472,000
Percentage of unrealized losses for 12 months or greater	91.50%
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses	$ 1,371,000
Weighted average credit enhancement	47.30%
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	$ 13,400,000
Commercial Mortgage-Backed Securities | A- Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater	1,262,000
Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses	260,000
Foreign Corporate Bonds | Investment Grade Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater	$ 226,000
Percentage of unrealized losses for 12 months or greater	99.90%
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses	$ 1,224,000
Corporate Bonds | Investment Grade Rating
Debt Securities, Available-for-sale [Line Items]
Gross unrealized losses for 12 months or greater	1,220,000
Collateralized Mortgage Obligations
Debt Securities, Available-for-sale [Line Items]
Investments in collateralized mortgage obligations, commercial mortgage-backed securities and taxable municipal bonds	$ 100,000

Summary of Amortized Cost and E

Summary of Amortized Cost and Estimated Fair Value Through Fixed Maturities (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Due in one year or less, Amortized Cost	$ 90,024
Due in one year through five years, Amortized Cost	433,261
Due in five years through ten years, Amortized Cost	221,139
Due in ten years through fifteen years, Amortized Cost	4,898
Due after fifteen years, Amortized Cost	3,471
Fixed maturities, Amortized Cost	1,291,128	$ 1,257,830
Due in one year or less, Estimated Fair value	89,817
Due in one year through five years, Estimated Fair value	435,243
Due in five years through ten years, Estimated Fair value	222,883
Due in ten years through fifteen years, Estimated Fair value	5,033
Due after fifteen years, Estimated Fair value	3,487
Fixed Maturities, estimated fair value	1,294,555	1,235,155
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	127,305
Fixed maturities, Amortized Cost	127,305	119,327
Estimated Fair value	127,450
Fixed Maturities, estimated fair value	127,450	117,854
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	180,410
Fixed maturities, Amortized Cost	180,410	185,430
Estimated Fair value	180,157
Fixed Maturities, estimated fair value	180,157	183,754
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	230,620
Fixed maturities, Amortized Cost	230,620	206,236
Estimated Fair value	230,485
Fixed Maturities, estimated fair value	$ 230,485	$ 202,722

Summary of Securities with Gros

Summary of Securities with Gross Unrealized Losses (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		$ (686)
Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(79)
Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(925)
Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(905)
Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(1,371)
Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(1,224)
Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Total, Gross Unrealized Losses		(260)
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		91,862	$ 542,881
Less than 12 months, Gross Unrealized Losses		(596)	(13,271)
12 months or longer, Fair Value	[1]	438,383	496,811
12 months or longer, Gross Unrealized Losses	[1]	(4,854)	(11,252)
Total, Fair Value		530,245	1,039,692
Total, Gross Unrealized Losses		(5,450)	(24,523)
Fixed Maturities | U.S. Treasury and Agency Obligations
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		0	0
Less than 12 months, Gross Unrealized Losses		0	0
12 months or longer, Fair Value	[1]	67,046	67,185
12 months or longer, Gross Unrealized Losses	[1]	(686)	(1,163)
Total, Fair Value		67,046	67,185
Total, Gross Unrealized Losses		(686)	(1,163)
Fixed Maturities | Obligations of States and Political Subdivisions
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		3,955	22,802
Less than 12 months, Gross Unrealized Losses		(11)	(57)
12 months or longer, Fair Value	[1]	10,263	28,179
12 months or longer, Gross Unrealized Losses	[1]	(68)	(281)
Total, Fair Value		14,218	50,981
Total, Gross Unrealized Losses		(79)	(338)
Fixed Maturities | Mortgage Backed Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		738	36,858
Less than 12 months, Gross Unrealized Losses		(5)	(408)
12 months or longer, Fair Value	[1]	55,605	60,838
12 months or longer, Gross Unrealized Losses	[1]	(920)	(1,378)
Total, Fair Value		56,343	97,696
Total, Gross Unrealized Losses		(925)	(1,786)
Fixed Maturities | Asset-backed Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		48,178	96,085
Less than 12 months, Gross Unrealized Losses		(433)	(1,342)
12 months or longer, Fair Value	[1]	65,567	50,506
12 months or longer, Gross Unrealized Losses	[1]	(472)	(670)
Total, Fair Value		113,745	146,591
Total, Gross Unrealized Losses		(905)	(2,012)
Fixed Maturities | Commercial Mortgage-Backed Securities
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		28,519	44,596
Less than 12 months, Gross Unrealized Losses		(109)	(878)
12 months or longer, Fair Value	[1]	112,013	127,557
12 months or longer, Gross Unrealized Losses	[1]	(1,262)	(2,974)
Total, Fair Value		140,532	172,153
Total, Gross Unrealized Losses		(1,371)	(3,852)
Fixed Maturities | Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		2,759	285,997
Less than 12 months, Gross Unrealized Losses		(4)	(8,791)
12 months or longer, Fair Value	[1]	100,922	115,052
12 months or longer, Gross Unrealized Losses	[1]	(1,220)	(3,289)
Total, Fair Value		103,681	401,049
Total, Gross Unrealized Losses		(1,224)	(12,080)
Fixed Maturities | Foreign Corporate Bonds
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, Fair Value		7,713	56,543
Less than 12 months, Gross Unrealized Losses		(34)	(1,795)
12 months or longer, Fair Value	[1]	26,967	47,494
12 months or longer, Gross Unrealized Losses	[1]	(226)	(1,497)
Total, Fair Value		34,680	104,037
Total, Gross Unrealized Losses		$ (260)	$ (3,292)
[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
	Mar. 31, 2019	Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]
OTTI losses, gross	$ (1,897)	$ 0
Portion of loss recognized in other comprehensive income (pre-tax)	0	0
Net impairment losses on fixed maturities recognized in earnings	$ (1,897)	$ 0

Schedule of Credit Losses Recog

Schedule of Credit Losses Recognized in Earnings (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]
Balance at beginning of period	$ 13	$ 13
Additions where no OTTI was previously recorded	0	0
Additions where an OTTI was previously recorded	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
Reductions reflecting increases in expected cash flows to be collected	0	0
Reductions for securities sold during the period	0	0
Balance at end of period	$ 13	$ 13

Schedule of Accumulated Other C

Schedule of Accumulated Other Comprehensive Income, Net of Tax (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Investments Debt And Equity Securities [Abstract]
Fixed maturities	$ 3,427	$ (22,675)
Foreign currency fluctuations	(1,140)	(1,334)
Deferred taxes	(618)	2,778
Accumulated other comprehensive income, net of tax	$ 1,669	$ (21,231)	$ (16,531)	$ 8,983

Changes in Accumulated Other Co

Changes in Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, net of tax	$ (21,231)	$ 8,983
Other comprehensive income (loss) before reclassification, before tax	24,101	(17,716)
Amounts reclassified from accumulated other comprehensive income (loss), before tax	2,195	93
Other comprehensive income (loss), before tax	26,296	(17,623)
Income Tax (expense) benefit related to items of OCI	(3,396)	2,137
Cumulative effect adjustment, net of tax		(10,028)
Ending balance, net of tax	1,669	(16,531)
Unrealized Gains and Losses on Available for Sale Securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, net of tax	(19,897)	8,272
Other comprehensive income (loss) before reclassification, before tax	23,907	(17,344)
Amounts reclassified from accumulated other comprehensive income (loss), before tax	2,195	93
Other comprehensive income (loss), before tax	26,102	(17,251)
Income Tax (expense) benefit related to items of OCI	(3,396)	2,137
Cumulative effect adjustment, net of tax		(9,868)
Ending balance, net of tax	2,809	(16,710)
Foreign Currency Items
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance, net of tax	(1,334)	711
Other comprehensive income (loss) before reclassification, before tax	194	(372)
Amounts reclassified from accumulated other comprehensive income (loss), before tax	0	0
Other comprehensive income (loss), before tax	194	(372)
Income Tax (expense) benefit related to items of OCI	0	0
Cumulative effect adjustment, net of tax		(160)
Ending balance, net of tax	$ (1,140)	$ 179

Reclassifications Out of Accumu

Reclassifications Out of Accumulated Other Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Other net realized investment (gains) losses	$ (12,287)	$ 316
Total before tax	(23,894)	(4,448)
Income tax expense (benefit)	4,294	(1,253)
Net loss	(19,600)	(5,701)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Total reclassifications, net of tax	1,922	75
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) losses	298	93
Other than temporary impairment losses on investments	1,897	0
Total before tax	2,195	93
Income tax expense (benefit)	(273)	(18)
Net loss	1,922	75
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) losses	0	0
Income tax expense (benefit)	0	0
Net loss	$ 0	$ 0

Components of Net Realized Inve

Components of Net Realized Investment Gains (Losses) (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Total net realized investment gains (losses)		$ 10,390	$ (316)
Not Designated as Hedging Instrument | Interest Rate Swap
Debt Securities, Available-for-sale [Line Items]
Gross realized gains		0	4,801
Gross realized losses		(2,567)	(650)
Total net realized investment gains (losses)	[1]	(2,567)	4,151
Common Shares
Debt Securities, Available-for-sale [Line Items]
Gross realized gains		16,685	3,453
Gross realized losses		(1,533)	(7,827)
Total net realized investment gains (losses)		15,152	(4,374)
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Gross realized gains		26	24
Gross realized losses		(2,221)	(117)
Total net realized investment gains (losses)		$ (2,195)	$ (93)
[1]	Includes periodic net interest settlements related to the derivatives of $0.2 million and $0.7 million for the quarters ended March 31, 2019 and 2018, respectively.

Components of Net Realized In_2

Components of Net Realized Investment Gains (Losses) (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Interest Rate Swap
Debt Securities, Available-for-sale [Line Items]
Net interest settlements	$ 0.2	$ 0.7

Summary of Calculation of Reali

Summary of Calculation of Realized Gains and Losses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]
Net gains and (losses) recognized during the period on equity securities	$ 15,152	$ (4,374)
Less: Net gains recognized during the period on equity securities sold during the period	2,034	554
Unrealized gains and (losses) recognized during the reporting period on equity securities still held at the reporting date	$ 13,118	$ (4,928)

Schedule of Proceeds From Sales

Schedule of Proceeds From Sales and Redemptions of Available for Sale Securities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]
Fixed maturities	$ 61,258	$ 47,148
Equity securities	$ 15,354	$ 9,283

Schedule of Investment Income (

Schedule of Investment Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Investment income	$ 7,802	$ 12,114
Investment expense	(583)	(710)
Net investment income	7,219	11,404
Fixed Maturities
Debt Securities, Available-for-sale [Line Items]
Investment income	9,968	8,528
Equity Securities
Debt Securities, Available-for-sale [Line Items]
Investment income	1,137	999
Cash and Cash Equivalents
Debt Securities, Available-for-sale [Line Items]
Investment income	401	264
Other Invested Assets
Debt Securities, Available-for-sale [Line Items]
Investment income	$ (3,704)	$ 2,323

Schedule of Total Investment Re

Schedule of Total Investment Return (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Investments Debt And Equity Securities [Abstract]
Net investment income		$ 7,219	$ 11,404
Net realized investment gains (losses)		10,390	(316)
Change in unrealized holding gains and losses		26,296	(17,623)
Net realized and unrealized investment returns		36,686	(17,939)
Total investment return		$ 43,905	$ (6,535)
Total investment return %	[1]	2.90%	(0.40%)
Average investment portfolio		$ 1,514,292	$ 1,538,651
[1]	Not annualized.

Summary of Insurance Enhanced M

Summary of Insurance Enhanced Municipal Bonds Backed by Financial Guarantors (Detail) $ in Thousands	Mar. 31, 2019USD ($)
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 insurance enhanced municipal bonds	699
Municipal Bond Insurance Association | Pre-Refunded Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	0
Municipal Bond Insurance Association | Government Guaranteed Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	0
Municipal Bond Insurance Association | Exposure Net Of Pre-refunded & Government Guaranteed Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	699
Financial Guarantors
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	699
Financial Guarantors | Pre-Refunded Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	0
Financial Guarantors | Government Guaranteed Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	0
Financial Guarantors | Exposure Net Of Pre-refunded & Government Guaranteed Securities
Debt Securities, Available-for-sale [Line Items]
Investments in insurance enhanced municipal bonds	$ 699

Summary of Estimated Fair Value

Summary of Estimated Fair Values of Bonds Held on Deposit (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		$ 421,646	$ 418,831
On Deposit With Governmental Authorities
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		26,613	25,855
Intercompany Trusts Held For Benefit Of U.S. Policyholders
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		189,464	209,028
Held In Trust Pursuant To Third Party Requirements
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		113,883	98,417
Letter Of Credit Held For Third Party Requirements
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value		1,458	2,317
Securities held as collateral for borrowing arrangements
Debt Securities, Available-for-sale [Line Items]
Estimated Fair Value	[1]	$ 90,228	$ 83,214
[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 Assets Liabilities - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Notional Amount	$ 200,000	$ 200,000
Fair Value	$ (6,423)	$ (4,062)

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
	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) for changes in fair value and net settlements of derivatives	$ 200	$ 700
Net Realized Investment Gains (Losses)
Derivative Instruments, Gain (Loss) [Line Items]
Net gain (loss) for changes in fair value and net settlements of derivatives	$ (2,567)	$ 4,151

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Detail) - Other Assets - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Funds needed to post execute swap transaction	$ 2.7	$ 2.6
Interest Rate Swap
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Margin calls made in connection with interest rate swaps	$ 7.2	$ 3.7

Company's Invested Assets and D

Company's Invested Assets and Derivative Instruments Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands		Mar. 31, 2019		Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		$ 1,294,555		$ 1,235,155
Common stock, Estimated Fair Value		142,534		124,747
U.S. Treasury and Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		82,115		78,855
Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		75,103		95,613
Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		127,450		117,854
Commercial Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		230,485		202,722
Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		180,157		183,754
Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		487,278		440,855
Foreign Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		111,967		115,502
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		1,294,555		1,235,155
Total invested assets		1,437,089	[1]	1,359,902	[2]
Total invested liabilities		6,423		4,062
Fair Value, Measurements, Recurring | Derivative instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested liabilities		6,423		4,062
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		82,115		78,855
Total invested assets		224,649	[1]	203,602	[2]
Total invested liabilities		0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Derivative instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested liabilities		0
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		1,212,440		1,156,300
Total invested assets		1,212,440	[1]	1,156,300	[2]
Total invested liabilities		6,423		4,062
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		6,423		4,062
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Total invested assets	[1]	0
Total invested liabilities		0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Derivative instruments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested liabilities		0
Fair Value, Measurements, Recurring | U.S. Treasury and Agency Obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		82,115		78,855
Fair Value, Measurements, Recurring | U.S. Treasury and Agency Obligations | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		82,115		78,855
Fair Value, Measurements, Recurring | U.S. Treasury and Agency Obligations | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | U.S. Treasury and Agency Obligations | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Obligations of States and Political Subdivisions
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		75,103		95,613
Fair Value, Measurements, Recurring | Obligations of States and Political Subdivisions | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Obligations of States and Political Subdivisions | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		75,103		95,613
Fair Value, Measurements, Recurring | Obligations of States and Political Subdivisions | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Mortgage Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		127,450		117,854
Fair Value, Measurements, Recurring | Mortgage Backed Securities | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Mortgage Backed Securities | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		127,450		117,854
Fair Value, Measurements, Recurring | Mortgage Backed Securities | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Commercial Mortgage-Backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		230,485		202,722
Fair Value, Measurements, Recurring | Commercial Mortgage-Backed Securities | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Commercial Mortgage-Backed Securities | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		230,485		202,722
Fair Value, Measurements, Recurring | Commercial Mortgage-Backed Securities | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Asset-backed Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		180,157		183,754
Fair Value, Measurements, Recurring | Asset-backed Securities | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Asset-backed Securities | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		180,157		183,754
Fair Value, Measurements, Recurring | Asset-backed Securities | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		487,278		440,855
Fair Value, Measurements, Recurring | Corporate Bonds | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Corporate Bonds | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		487,278		440,855
Fair Value, Measurements, Recurring | Corporate Bonds | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Foreign Corporate Bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		111,967		115,502
Fair Value, Measurements, Recurring | Foreign Corporate Bonds | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Foreign Corporate Bonds | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		111,967		115,502
Fair Value, Measurements, Recurring | Foreign Corporate Bonds | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total invested assets		0
Fair Value, Measurements, Recurring | Common Shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock, Estimated Fair Value		142,534		124,747
Fair Value, Measurements, Recurring | Common Shares | Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock, Estimated Fair Value		142,534		$ 124,747
Fair Value, Measurements, Recurring | Common Shares | Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock, Estimated Fair Value		0
Fair Value, Measurements, Recurring | Common Shares | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Common stock, Estimated Fair Value		$ 0
[1]	Excluded from the table above are limited partnerships of $48.7 million at March 31, 2019 whose fair value is based on net asset value as a practical expedient.
[2]	Excluded from the table above are limited partnerships of $50.8 million at December 31, 2018 whose fair value is based on net asset value as a practical expedient.

Company's Invested Assets and_2

Company's Invested Assets and Derivative Instruments Measured at Fair Value on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Other investment in limited partnership	$ 48,705	$ 50,753

Current Fair Value of Debt (Det

Current Fair Value of Debt (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		$ 294,581	$ 288,565
Debt, fair value		300,865	278,676
7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	[1]	96,772	96,742
Debt, fair value	[1]	99,052	92,261
7.875% Subordinated Notes due 2047
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt	[2]	126,041	126,005
Debt, fair value	[2]	130,045	120,597
Margin borrowing facilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt		71,768	65,818
Debt, fair value		$ 71,768	$ 65,818
[1]	As of March 31, 2019 and December 31, 2018, the carrying value and fair value of the 7.75% Subordinated Notes due 2045 are net of unamortized debt issuance cost of $3.2 million and $3.3 million, respectively
[2]	As of March 31, 2019 and December 31, 2018, the carrying value and fair value of the 7.875% Subordinated Notes due 2047 are net of unamortized debt issuance cost of $4.0 million.

Current Fair Value of Debt (Par

Current Fair Value of Debt (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
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%
Subordinated Notes due date	2045	2045
Unamortized Debt Issuance Costs	$ 3.2	$ 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%
Subordinated Notes due date	2047	2047
Unamortized Debt Issuance Costs	$ 4	$ 4

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value assets, Transfers between level 1 and level 2	$ 0	$ 0
Fair value liability, Transfers between level 1 and level 2	0	0
Equity in the earnings of liability companies or partnerships	0	0
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	$ (3,700,000)	$ 2,300,000
Variable Interest Entity, Not Primary Beneficiary
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Ownership interest exceeds respective investments	3.00%
7.75% Subordinated Notes due 2045
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes due date	2045		2045
7.875% Subordinated Notes due 2047
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Subordinated Notes due date	2047		2047
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	2045
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	2047

Fair Value and Future Funding C

Fair Value and Future Funding Commitments Related to These Investments (Detail) - USD ($) $ in Thousands		Mar. 31, 2019	Dec. 31, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 48,705	$ 50,753
Future Funding Commitments		31,214	34,714
Real Estate Fund, LP | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[1]	0
Future Funding Commitments	[1]	0
European Non-Performing Loan Fund, LP | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[2]	16,448	17,893
Future Funding Commitments	[2]	14,214	14,214
Distressed Debt Fund, LP | Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[3]	32,257	32,860
Future Funding Commitments	[3]	$ 17,000	$ 20,500
[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 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 Funding_2

Fair Value and Future Funding Commitments Related to These Investments (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2019USD ($)
Fair Value Disclosures [Abstract]
Fair value written down	$ 0

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Income Tax [Line Items]
Effective income tax expense (benefit) rate	18.00%	(28.20%)
Alternative minimum tax credit carry forward				$ 11,000
AMT credit carryforward reclassed to federal income tax receivable	$ 11,069		$ 10,866
Net operating loss carryforwards	27,300		29,500
Section 163(j) carryforward	$ 11,100		$ 11,100
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 [Member]
Income Tax [Line Items]
Statutory income tax rates	1.00%
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
	Mar. 31, 2019	Mar. 31, 2018
Revenues:
Gross premiums written	$ 142,201	$ 124,247
Net premiums written	123,416	107,870
Net premiums earned	122,089	108,002
Net investment income	7,219	11,404
Net realized investment gains (losses)	10,390	(316)
Other income	488	554
Total revenues	140,186	119,644
Losses and Expenses:
Net losses and loss adjustment expenses	58,321	56,072
Acquisition costs and other underwriting expenses	49,743	45,003
Corporate and other operating expenses	3,205	9,260
Interest expense	5,023	4,861
Income (loss) before income taxes	23,894	4,448
Non-U.S. Subsidiaries
Revenues:
Gross premiums written	17,549	10,315
Net premiums written	17,542	10,314
Net premiums earned	14,707	48,022
Net investment income	4,370	15,221
Net realized investment gains (losses)	(892)	(5)
Other income	15	51
Total revenues	18,200	63,289
Losses and Expenses:
Net losses and loss adjustment expenses	4,980	20,565
Acquisition costs and other underwriting expenses	4,995	21,140
Corporate and other operating expenses	1,527	4,399
Interest expense	353	4,841
Income (loss) before income taxes	6,345	12,344
U.S. Subsidiaries
Revenues:
Gross premiums written	124,652	113,932
Net premiums written	105,874	97,556
Net premiums earned	107,382	59,980
Net investment income	3,136	7,188
Net realized investment gains (losses)	11,282	(311)
Other income	473	503
Total revenues	122,273	67,360
Losses and Expenses:
Net losses and loss adjustment expenses	53,341	35,507
Acquisition costs and other underwriting expenses	44,748	23,863
Corporate and other operating expenses	1,678	4,861
Interest expense	4,957	11,025
Income (loss) before income taxes	17,549	(7,896)
Eliminations
Revenues:
Gross premiums written	0	0
Net premiums written	0	0
Net premiums earned	0	0
Net investment income	(287)	(11,005)
Net realized investment gains (losses)	0	0
Other income	0	0
Total revenues	(287)	(11,005)
Losses and Expenses:
Net losses and loss adjustment expenses	0	0
Acquisition costs and other underwriting expenses	0	0
Corporate and other operating expenses	0	0
Interest expense	(287)	(11,005)
Income (loss) before income taxes	$ 0	$ 0

Components of Income Tax Benefi

Components of Income Tax Benefit (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Current income tax expense:
Foreign	$ 46	$ 179
U.S. Federal	0	566
Total current income tax expense	46	745
Deferred income tax expense (benefit):
U.S. Federal	4,248	(1,998)
Total deferred income tax expense (benefit)	4,248	(1,998)
Total income tax expense (benefit)	$ 4,294	$ (1,253)

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
	Mar. 31, 2019	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Expected tax provision at weighted average tax rate	$ 3,732	$ (1,536)
Adjustments:
Tax exempt interest	(1)	(1)
Dividend exclusion	(77)	(65)
Base Erosion Anti-Abuse Tax	0	566
Non-deductible interest	680	0
Other	(40)	(217)
Total income tax expense (benefit)	$ 4,294	$ (1,253)
Expected tax provision at weighted average tax rate, % of Pre-Tax Income	15.60%	(34.50%)
Adjustments:
Tax exempt interest, % of Pre-Tax Income	(0.00%)	(0.00%)
Dividend exclusion, % of Pre-Tax Income	(0.30%)	(1.50%)
Base Erosion Anti-Abuse Tax, % of Pre-Tax Income	0.00%	12.70%
Non-deductible interest, % of Pre-Tax Income	2.80%	0.00%
Other, % of Pre-Tax Income	(0.10%)	(4.90%)
Effective income tax expense (benefit), % of Pre-Tax Income	18.00%	(28.20%)

Summarized Activity in Liabilit

Summarized Activity in Liability for Unpaid Losses and Loss Adjustment Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Insurance [Abstract]
Balance at beginning of period	$ 680,031	$ 634,664
Less: Ceded reinsurance receivables	109,342	97,243
Net balance at beginning of period	570,689	537,421
Incurred losses and loss adjustment expenses related to:
Current year	66,251	61,999
Prior years	(7,930)	(5,927)
Total incurred losses and loss adjustment expenses	58,321	56,072
Paid losses and loss adjustment expenses related to:
Current year	18,340	17,454
Prior years	61,776	53,228
Total paid losses and loss adjustment expenses	80,116	70,682
Net balance at end of period	548,894	522,811
Plus: Ceded reinsurance receivables	97,065	92,314
Balance at end of period	$ 645,959	$ 615,125

Liability for Unpaid Losses a_3

Liability for Unpaid Losses and Loss Adjustment Expenses - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 08, 2018	Mar. 31, 2019	Mar. 31, 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		$ (7,930)	$ (5,927)
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
Commercial Specialty
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(6,700)	(2,700)
Commercial Specialty | General Liability
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(5,000)
Commercial Specialty | General Liability | Accident Years 2004 through 2018 | Construction Defect
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(500)
Commercial Specialty | General Liability | Accident Years 2005 through 2017 | Other General Liability
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(4,500)
Commercial Specialty | General Liability | Accident Years 2004 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(1,400)
Commercial Specialty | Commercial Auto Liability | Accident Years 2000 through 2002, 2010, 2012 and 2013
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(800)
Commercial Specialty | Commercial Auto Liability | Accident Years 2010 and 2012
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(1,000)
Commercial Specialty | Property Lines | Accident Years 2010 and 2012 through 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(1,000)
Commercial Specialty | Property Lines | Accident Years 2015 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(400)
Specialty Property
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		900	700
Specialty Property | General Liability | Accident Years 2012, 2013, 2015, 2016 and 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(200)
Specialty Property | Property Lines | Accident Years 2015 through 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		800
Specialty Property | Property Lines | Accident Years 2013, 2016 and 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			900
Reinsurance Operations
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(100)	(2,100)
Reinsurance Operations | Property Lines | Accident Years 2013 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(2,100)
Reinsurance Operations | Property Lines | Accident Years 2013 and 2015 through 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(100)
Farm, Ranch & Stable
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(2,100)	(1,800)
Farm, Ranch & Stable | Property Lines | Accidental Years 2017 and 2018
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		(400)
Farm, Ranch & Stable | Property Lines | Accident Years 2015 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			(1,900)
Farm, Ranch & Stable | Liability | Accident Years 2013 through 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve		$ (1,700)
Farm, Ranch & Stable | Liability | Accident Years 2013, 2014, 2015 and 2017
Causes of Increase (Decrease) in Liability for Unpaid Claims and Claims Adjustment Expense [Line Items]
Changes in prior year reserve			$ 100

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Millions	Jan. 01, 2019	Mar. 31, 2019
Lessee Lease Description [Line Item]
Operating lease, existence of option to terminate [true false]		true
Operating lease, existence of option to extend [true false]		true
Operating lease, existence of option to retract [true false]		true
Minimum [Member]
Lessee Lease Description [Line Item]
Operating lease, remaining lease term		8 months
Maximum
Lessee Lease Description [Line Item]
Operating lease, remaining lease term		11 years
Maximum | ASU 2016-02
Lessee Lease Description [Line Item]
Cumulative effect adjustment on retained earnings	$ 0.1

Components of Lease Expense (De

Components of Lease Expense (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating lease expense	$ 819
Short-term lease expense	3
Total lease expense	$ 822

Schedule of Supplemental Cash F

Schedule of Supplemental Cash Flow Information Related To Leases (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Cash paid for amounts included in the measurement of liabilities:
Operating cash flows from operating leases	$ 574
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$ 14,897

Schedule of Supplemental Balanc

Schedule of Supplemental Balance Sheet Information Related to Leases (Detail) $ in Thousands	Mar. 31, 2019USD ($)
Assets:
Operating lease assets	$ 24,803
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssets
Liabilities:
Operating lease liabilities	$ 25,016
Operating Lease, Liability, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilities
Weighted-average remaining lease term
Operating leases	10 years 3 months 18 days
Weighted-average discount rate
Operating leases	2.70%	[1]
[1]	Represents the Company’s incremental borrowing rate

Future Minimum Cash Payments Un

Future Minimum Cash Payments Under Non-cancelable Operating Leases (Detail) $ in Thousands	Mar. 31, 2019USD ($)
Leases [Abstract]
2019	$ 1,957	[1]
2020	1,942
2021	2,779
2022	2,659
2023	2,702
Thereafter	16,887
Total future minimum lease payments	28,926
Less: amount representing interest	3,910
Present value of minimum lease payments	$ 25,016
[1]	Excludes the quarter ended March 31, 2019

Information with Respect to A O

Information with Respect to A Ordinary Shares that were Surrendered or Repurchased (Detail) - Ordinary Shares A - USD ($)		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased		27,028	45,233
Average Price Paid Per Share		$ 35.07	$ 40.07
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, 2019
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1],[2]	7,945
Average Price Paid Per Share	[1]	$ 36.23
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program	[1]	0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs	[1]	$ 0
February 1-28, 2019
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1],[2]	19,083
Average Price Paid Per Share	[1]	$ 34.59
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program	[1]	0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs	[1]	$ 0
January 1-31, 2018
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1],[2]		26,639
Average Price Paid Per Share	[1]		$ 42.02
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program	[1]		0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs	[1]		$ 0
March 1-31, 2018
Equity, Class of Treasury Stock [Line Items]
Total Number of Shares Purchased	[1],[2]		18,594
Average Price Paid Per Share	[1]		$ 37.27
Total Number of Shares Purchased as Part of Publicly Announced Plan or Program	[1]		0
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs	[1]		$ 0
[1]	Based on settlement date.
[2]	Surrendered by employees as payment of taxes withheld on the vesting of restricted stock.

Shareholders' Equity - Addition

Shareholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 29, 2019	Feb. 10, 2019	Mar. 29, 2018	Mar. 04, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Equity [Line Items]
Dividend declared date		Feb. 10, 2019		Mar. 4, 2018
Dividend payable, per share		$ 0.25		$ 0.25
Dividend payable, date of record		Mar. 22, 2019		Mar. 21, 2018
Dividend payable date		Mar. 29, 2019		Mar. 29, 2018
Dividends paid to shareholders	$ 3,500		$ 3,500		$ 3,595	$ 3,499
Accrued dividends					$ 100		$ 200
Ordinary Shares B
Equity [Line Items]
Shares repurchased					0	0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018	Dec. 31, 2018
7.75% Subordinated Notes due 2045
Related Party Transaction [Line Items]
Subordinated Notes percentage	7.75%			7.75%
Subordinated Notes due date	2045			2045
7.875% Subordinated Notes due 2047
Related Party Transaction [Line Items]
Subordinated Notes percentage	7.875%			7.875%
Subordinated Notes due date	2047			2047
Fox Paine Funds
Related Party Transaction [Line Items]
Company's total voting power	80.00%
FM Entities
Related Party Transaction [Line Items]
Company's total voting power	2.00%
Fox Paine Entities
Related Party Transaction [Line Items]
Minimum voting power required to nominate Directors	25.00%
Fox Paine and Company
Related Party Transaction [Line Items]
Management fees	$ 500	$ 500
Prepaid management fees	900			$ 1,400
Advisory services fees estimated				2,000
Fox Paine and Company | Other Liabilities
Related Party Transaction [Line Items]
Unpaid professional fees	2,000			$ 2,000
Fox Paine and Company | Co-Obligor Transaction
Related Party Transaction [Line Items]
Advisory services fees estimated	$ 0	$ 6,250	$ 12,500

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2014
Commitments and Contingencies [Line Items]
Commitment to purchase alternative investment			$ 50,000	$ 50,000
Future Funding Commitments	$ 31,214	$ 34,714
European Non-Performing Loan Fund, LP
Commitments and Contingencies [Line Items]
Funded commitment amount	35,800
Distressed Debt Fund, LP
Commitments and Contingencies [Line Items]
Funded commitment amount	33,000
Unfunded Commitments | European Non-Performing Loan Fund, LP
Commitments and Contingencies [Line Items]
Future Funding Commitments	14,200
Unfunded Commitments | Distressed Debt Fund, LP
Commitments and Contingencies [Line Items]
Future Funding Commitments	$ 17,000

Share-Based Compensation Plans

Share-Based Compensation Plans - Additional Information (Detail) - $ / shares	Mar. 06, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2014
Stock Options | Chief Executive Officer | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options awarded		0	0
Unvested stock options forfeited		0	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 One | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vested and expected to vest	100,000
Stock options forfeited	100,000
Vesting date		Dec. 31, 2018
Stock Options | Chief Executive Officer | Vesting Schedule Two and Three | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vested and expected to vest	200,000
Stock Options | Chief Executive Officer | Vesting Schedule Two | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vested and expected to vest	100,000
Vesting date		Dec. 31, 2019
Stock Options | Chief Executive Officer | Vesting Schedule Three | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vested and expected to vest	100,000
Vesting date		Dec. 31, 2020
Time Based Option Award | Chief Executive Officer | Vesting Schedule One | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vested and expected to vest		100,000
Vesting date		Dec. 31, 2018
Time Based Option Award | Chief Executive Officer | Vesting Schedule Two | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vested and expected to vest		100,000
Vesting date		Dec. 31, 2019
Time Based Option Award | Chief Executive Officer | Vesting Schedule Three | Employment Agreement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options, vested and expected to vest		100,000
Vesting date		Dec. 31, 2020
Expiration date		Dec. 31, 2027
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
Restricted Stock | Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		36,180	38,778
Weighted average fair value per share		$ 35.82	$ 40.57
Shares vested		9,063	11,843
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, 2021	Jan. 1, 2020
Percentage of shares vested on each anniversary of the grant date		16.50%	16.50%
Restricted Stock | Key Employees | Vesting Schedule Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date		Mar. 15, 2022	Mar. 15, 2021
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 | Key Employees | Share-based Compensation Award, Tranche 3
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting date		Jan. 1, 2022	Jan. 1, 2021
Percentage of shares vested on each anniversary of the grant date		17.00%	17.00%
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, 2020	Jan. 1, 2019
Percentage of shares vested on each anniversary of the grant date		16.50%	16.50%
Restricted Stock | Non Employee Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		15,842	9,142
Weighted average fair value per share		$ 30.38	$ 34.52
2018 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares authorized		2,500,000

Computation of Basic and Dilute

Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Net income	$ 19,600	$ 5,701
Weighted average shares outstanding – basic	14,153,918	14,055,022
Net income per share	$ 1.38	$ 0.41
Weighted average shares outstanding – diluted	14,315,091	14,285,837
Net income per share	$ 1.37	$ 0.40

Reconciliation of Weighted Aver

Reconciliation of Weighted Average Shares for Basic and Diluted Earnings Per Share (Detail) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Weighted average shares for basic earnings per share	14,153,918	14,055,022
Weighted average shares for diluted earnings per share	14,315,091	14,285,837
Restricted Stock
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Non-vested restricted stock and options	14,723	68,782
Stock Options
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Non-vested restricted stock and options	146,450	162,033

Earning Per Share - Additional

Earning Per Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Shares excluded from calculation of diluted earnings per share	500,000	600,000

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019Segment
Segment Reporting Information [Line Items]
Number of reportable business segments managed	4
Personal Lines
Segment Reporting Information [Line Items]
Number of reportable business segments managed	2

Summary of Business Segment Inf

Summary of Business Segment Information (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019		Mar. 31, 2018		Dec. 31, 2018
Revenues:
Gross premiums written		$ 142,201		$ 124,247
Net premiums written		123,416		107,870
Net premiums earned		122,089		108,002
Other income		488		554
Total revenues		122,577		108,556
Losses and Expenses:
Net losses and loss adjustment expenses		58,321		56,072
Acquisition costs and other underwriting expenses		49,743		45,003
Income (loss) from segments		14,513		7,481
Unallocated Items:
Net investment income		7,219		11,404
Net realized investment gains (losses)		10,390		(316)
Corporate and other operating expenses		(3,205)		(9,260)
Interest expense		(5,023)		(4,861)
Income before income taxes		23,894		4,448
Income tax (expense) benefit		(4,294)		1,253
Net income		19,600		5,701
Total assets		1,984,908		1,963,714		$ 1,960,266
Commercial Specialty
Revenues:
Gross premiums written	[1]	64,213		53,773
Net premiums written	[1]	55,170		48,306
Net premiums earned	[1]	55,641		47,362
Other income	[1]	0		0
Total revenues	[1]	55,641		47,362
Losses and Expenses:
Net losses and loss adjustment expenses	[1]	21,651		25,029
Acquisition costs and other underwriting expenses	[1]	22,812		19,205	[2]
Income (loss) from segments	[1]	11,178		3,128
Unallocated Items:
Net investment income	[1]	0		0
Net realized investment gains (losses)	[1]	0		0
Corporate and other operating expenses	[1]	0		0
Interest expense	[1]	0		0
Income before income taxes	[1]	0		0
Income tax (expense) benefit	[1]	0		0
Net income	[1]	0		0
Total assets	[1]	806,951		893,115
Specialty Property
Revenues:
Gross premiums written	[1]	39,674	[3]	41,344	[4]
Net premiums written	[1]	33,212		33,010
Net premiums earned	[1]	34,619		33,987
Other income	[1]	443		446
Total revenues	[1]	35,062		34,433
Losses and Expenses:
Net losses and loss adjustment expenses	[1]	20,503		21,186
Acquisition costs and other underwriting expenses	[1]	14,653		14,954	[5]
Income (loss) from segments	[1]	(94)		(1,707)
Unallocated Items:
Net investment income	[1]	0		0
Net realized investment gains (losses)	[1]	0		0
Corporate and other operating expenses	[1]	0		0
Interest expense	[1]	0		0
Income before income taxes	[1]	0		0
Income tax (expense) benefit	[1]	0		0
Net income	[1]	0		0
Total assets	[1]	359,482		321,690
Farm, Ranch & Stable
Revenues:
Gross premiums written	[1]	20,765		18,821
Net premiums written	[1]	17,492		16,245
Net premiums earned	[1]	17,122		16,625
Other income	[1]	30		57
Total revenues	[1]	17,152		16,682
Losses and Expenses:
Net losses and loss adjustment expenses	[1]	8,138		6,435
Acquisition costs and other underwriting expenses	[1]	7,282		7,225	[6]
Income (loss) from segments	[1]	1,732		3,022
Unallocated Items:
Net investment income	[1]	0		0
Net realized investment gains (losses)	[1]	0		0
Corporate and other operating expenses	[1]	0		0
Interest expense	[1]	0		0
Income before income taxes	[1]	0		0
Income tax (expense) benefit	[1]	0		0
Net income	[1]	0		0
Total assets	[1]	193,567		173,218
Reinsurance Operations
Revenues:
Gross premiums written	[7]	17,549		10,309
Net premiums written	[7]	17,542		10,309
Net premiums earned	[7]	14,707		10,028
Other income	[7]	15		51
Total revenues	[7]	14,722		10,079
Losses and Expenses:
Net losses and loss adjustment expenses	[7]	8,029		3,422
Acquisition costs and other underwriting expenses	[7]	4,996		3,619
Income (loss) from segments	[7]	1,697		3,038
Unallocated Items:
Net investment income	[7]	0		0
Net realized investment gains (losses)	[7]	0		0
Corporate and other operating expenses	[7]	0		0
Interest expense	[7]	0		0
Income before income taxes	[7]	0		0
Income tax (expense) benefit	[7]	0		0
Net income	[7]	0		0
Total assets	[7],[8]	$ 624,908		$ 575,691
[1]	Includes business ceded to the Company’s Reinsurance Operations.
[2]	Includes federal excise tax of $174 relating to cessions from Commercial Specialty to Reinsurance Operations.
[3]	Includes ($138) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.
[4]	Includes ($867) of business written by American Reliable that was ceded to insurance companies owned by Assurant under a 100% quota share reinsurance agreement.
[5]	Includes federal excise tax of $141 relating to cessions from Specialty Property to Reinsurance Operations.
[6]	Includes federal excise tax of $65 relating to cessions from Farm, Ranch, & Stable to Reinsurance Operations.
[7]	External business only, excluding business assumed from affiliates.
[8]	Comprised of Global Indemnity Reinsurance’s total assets less its investment in subsidiaries.

Summary of Business Segment I_2

Summary of Business Segment Information (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Specialty Property
Segment Reporting Information [Line Items]
Federal excise tax relating to cessions from Insurance Operations to Reinsurance Operations		$ 141
Commercial Specialty
Segment Reporting Information [Line Items]
Federal excise tax relating to cessions from Insurance Operations to Reinsurance Operations		174
Farm, Ranch & Stable
Segment Reporting Information [Line Items]
Federal excise tax relating to cessions from Insurance Operations to Reinsurance Operations		$ 65
American Reliable Insurance Company | Specialty Property
Segment Reporting Information [Line Items]
Quota share agreement percentage	100.00%	100.00%
Ceded premiums written	$ (138)	$ (867)

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information Provided in Connection with Outstanding Debt of Subsidiaries - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2019
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		Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Total investments		$ 1,485,794	$ 1,410,655
Cash and cash equivalents		37,874	99,497	$ 73,522	$ 74,414
Investments in subsidiaries		0	0
Due from subsidiaries and affiliates		0	0
Notes receivable – affiliate		0	0
Interest receivable – affiliate		0	0
Premiums receivable, net		92,477	87,679
Reinsurance receivables, net		102,346	114,418
Funds held by ceding insurers		44,902	49,206
Federal income taxes receivable		11,069	10,866
Deferred federal income taxes		40,943	48,589
Deferred acquisition costs		62,854	61,676
Intangible assets		21,888	22,020
Goodwill		6,521	6,521
Prepaid reinsurance premiums		19,041	20,594
Receivable for securities sold		0	15
Other assets		59,199	28,530
Total assets		1,984,908	1,960,266	1,963,714
Liabilities:
Unpaid losses and loss adjustment expenses		645,959	680,031	615,125	634,664
Unearned premiums		281,684	281,912
Ceded balances payable		14,573	14,994
Payable for securities purchased		5,252	0
Contingent commissions		7,170	10,636
Debt		294,581	288,565
Notes payable – affiliates		0	0
Accrued interest payable – affiliates		0	0
Other liabilities		68,034	55,069
Total liabilities		1,317,253	1,331,207
Shareholders’ equity
Total shareholders’ equity		667,655	629,059	703,752
Total liabilities and shareholders’ equity		1,984,908	1,960,266
Global Indemnity Limited (Parent co-obligor)
ASSETS
Total investments		55,358	55,377
Cash and cash equivalents		366	2,221	4,832	11,089
Investments in subsidiaries		1,147,828	1,105,032
Due from subsidiaries and affiliates		(1,716)	584
Notes receivable – affiliate		0	0
Interest receivable – affiliate		0	0
Premiums receivable, net		0	0
Reinsurance receivables, net		0	0
Funds held by ceding insurers		0	0
Federal income taxes receivable		0	0
Deferred federal income taxes		0	0
Deferred acquisition costs		0	0
Intangible assets		0	0
Goodwill		0	0
Prepaid reinsurance premiums		0	0
Receivable for securities sold		0	0
Other assets		8,411	8,461
Total assets		1,210,247	1,171,675
Liabilities:
Unpaid losses and loss adjustment expenses		0	0
Unearned premiums		0	0
Ceded balances payable		0	0
Payable for securities purchased		0
Contingent commissions		0	0
Debt		0	0
Notes payable – affiliates		520,498	520,498
Accrued interest payable – affiliates		19,707	19,499
Other liabilities		2,387	2,619
Total liabilities		542,592	542,616
Shareholders’ equity
Total shareholders’ equity		667,655	629,059
Total liabilities and shareholders’ equity		1,210,247	1,171,675
Global Indemnity Group, Inc.(Subsidiary co-obligor)
ASSETS
Total investments		263,820	233,479
Cash and cash equivalents		656	26,039	8,166	7,749
Investments in subsidiaries		311,137	296,357
Due from subsidiaries and affiliates		(4,097)	(2,133)
Notes receivable – affiliate		80,049	80,049
Interest receivable – affiliate		4,157	3,869
Premiums receivable, net		0	0
Reinsurance receivables, net		0	0
Funds held by ceding insurers		0	0
Federal income taxes receivable		13,242	4,631
Deferred federal income taxes		40,034	44,481
Deferred acquisition costs		0	0
Intangible assets		0	0
Goodwill		0	0
Prepaid reinsurance premiums		0	0
Receivable for securities sold		306	0
Other assets		8,656	5,085
Total assets		717,960	691,857
Liabilities:
Unpaid losses and loss adjustment expenses		0	0
Unearned premiums		0	0
Ceded balances payable		0	0
Payable for securities purchased		0
Contingent commissions		0	0
Debt		301,768	295,818
Notes payable – affiliates		402,310	402,310
Accrued interest payable – affiliates		0	0
Other liabilities		14,409	13,651
Total liabilities		718,487	711,779
Shareholders’ equity
Total shareholders’ equity		(527)	(19,922)
Total liabilities and shareholders’ equity		717,960	691,857
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
ASSETS
Total investments	[1]	1,166,616	1,121,799
Cash and cash equivalents	[1]	36,852	71,237	$ 60,524	$ 55,576
Investments in subsidiaries	[1]	(527)	(19,922)
Due from subsidiaries and affiliates	[1]	5,813	1,549
Notes receivable – affiliate	[1]	847,808	847,808
Interest receivable – affiliate	[1]	17,258	17,425
Premiums receivable, net	[1]	92,477	87,679
Reinsurance receivables, net	[1]	102,346	114,418
Funds held by ceding insurers	[1]	44,902	49,206
Federal income taxes receivable	[1]	(2,173)	6,235
Deferred federal income taxes	[1]	909	4,108
Deferred acquisition costs	[1]	62,854	61,676
Intangible assets	[1]	21,888	22,020
Goodwill	[1]	6,521	6,521
Prepaid reinsurance premiums	[1]	19,041	20,594
Receivable for securities sold	[1]	(306)	15
Other assets	[1]	49,319	22,237
Total assets	[1]	2,471,598	2,434,605
Liabilities:
Unpaid losses and loss adjustment expenses	[1]	645,959	680,031
Unearned premiums	[1]	281,684	281,912
Ceded balances payable	[1]	14,573	14,994
Payable for securities purchased	[1]	5,252
Contingent commissions	[1]	7,170	10,636
Debt	[1]	0	0
Notes payable – affiliates	[1]	5,049	5,049
Accrued interest payable – affiliates	[1]	1,708	1,795
Other liabilities	[1]	51,238	38,799
Total liabilities	[1]	1,012,633	1,033,216
Shareholders’ equity
Total shareholders’ equity	[1]	1,458,965	1,401,389
Total liabilities and shareholders’ equity	[1]	2,471,598	2,434,605
Consolidation Adjustments
ASSETS
Total investments	[2]	0	0
Cash and cash equivalents	[2]	0	0
Investments in subsidiaries	[2]	(1,458,438)	(1,381,467)
Due from subsidiaries and affiliates	[2]	0	0
Notes receivable – affiliate	[2]	(927,857)	(927,857)
Interest receivable – affiliate	[2]	(21,415)	(21,294)
Premiums receivable, net	[2]	0	0
Reinsurance receivables, net	[2]	0	0
Funds held by ceding insurers	[2]	0	0
Federal income taxes receivable	[2]	0	0
Deferred federal income taxes	[2]	0	0
Deferred acquisition costs	[2]	0	0
Intangible assets	[2]	0	0
Goodwill	[2]	0	0
Prepaid reinsurance premiums	[2]	0	0
Receivable for securities sold	[2]	0	0
Other assets	[2]	(7,187)	(7,253)
Total assets	[2]	(2,414,897)	(2,337,871)
Liabilities:
Unpaid losses and loss adjustment expenses	[2]	0	0
Unearned premiums	[2]	0	0
Ceded balances payable	[2]	0	0
Payable for securities purchased	[2]	0
Contingent commissions	[2]	0	0
Debt	[2]	(7,187)	(7,253)
Notes payable – affiliates	[2]	(927,857)	(927,857)
Accrued interest payable – affiliates	[2]	(21,415)	(21,294)
Other liabilities	[2]	0	0
Total liabilities	[2]	(956,459)	(956,404)
Shareholders’ equity
Total shareholders’ equity	[2]	(1,458,438)	(1,381,467)
Total liabilities and shareholders’ equity	[2]	$ (2,414,897)	$ (2,337,871)
[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 Consoli_2

Schedule of Condensed Consolidating Statements of Operations (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Revenues:
Net premiums earned		$ 122,089	$ 108,002
Net investment income		7,219	11,404
Net realized investment gains (losses)		10,390	(316)
Other income (loss)		488	554
Total revenues		140,186	119,644
Losses and Expenses:
Net losses and loss adjustment expenses		58,321	56,072
Acquisition costs and other underwriting expenses		49,743	45,003
Corporate and other operating expenses		3,205	9,260
Interest expense		5,023	4,861
Income before income taxes		23,894	4,448
Equity in net income (loss) of subsidiaries		0	0
Income (loss) before income taxes		23,894	4,448
Income tax expense (benefit)		4,294	(1,253)
Net income		19,600	5,701
Global Indemnity Limited (Parent co-obligor)
Revenues:
Net premiums earned		0	0
Net investment income		642	132
Net realized investment gains (losses)		(7)	0
Other income (loss)		0	0
Total revenues		635	132
Losses and Expenses:
Net losses and loss adjustment expenses		0	0
Acquisition costs and other underwriting expenses		0	0
Corporate and other operating expenses		1,329	4,258
Interest expense		274	5,319
Income before income taxes		(968)	(9,445)
Equity in net income (loss) of subsidiaries		20,568	15,146
Income (loss) before income taxes		19,600	5,701
Income tax expense (benefit)		0	0
Net income		19,600	5,701
Global Indemnity Group, Inc.(Subsidiary co-obligor)
Revenues:
Net premiums earned		0	0
Net investment income		(2,075)	3,201
Net realized investment gains (losses)		12,076	(220)
Other income (loss)		28	(2)
Total revenues		10,029	2,979
Losses and Expenses:
Net losses and loss adjustment expenses		0	0
Acquisition costs and other underwriting expenses		0	0
Corporate and other operating expenses		1,566	4,718
Interest expense		4,957	11,020
Income before income taxes		3,506	(12,759)
Equity in net income (loss) of subsidiaries		7,893	7,657
Income (loss) before income taxes		11,399	(5,102)
Income tax expense (benefit)		1,340	1,365
Net income		10,059	(6,467)
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
Revenues:
Net premiums earned	[1]	122,089	108,002
Net investment income	[1]	8,939	19,624
Net realized investment gains (losses)	[1]	(1,679)	(96)
Other income (loss)	[1]	460	556
Total revenues	[1]	129,809	128,086
Losses and Expenses:
Net losses and loss adjustment expenses	[1]	58,321	56,072
Acquisition costs and other underwriting expenses	[1]	49,743	45,003
Corporate and other operating expenses	[1]	310	284
Interest expense	[1]	79	75
Income before income taxes	[1]	21,356	26,652
Equity in net income (loss) of subsidiaries	[1]	10,059	(6,467)
Income (loss) before income taxes	[1]	31,415	20,185
Income tax expense (benefit)	[1]	2,954	(2,618)
Net income	[1]	28,461	22,803
Consolidation Adjustments
Revenues:
Net premiums earned	[2]	0	0
Net investment income	[2]	(287)	(11,553)
Net realized investment gains (losses)	[2]	0	0
Other income (loss)	[2]	0	0
Total revenues	[2]	(287)	(11,553)
Losses and Expenses:
Net losses and loss adjustment expenses	[2]	0	0
Acquisition costs and other underwriting expenses	[2]	0	0
Corporate and other operating expenses	[2]	0	0
Interest expense	[2]	(287)	(11,553)
Income before income taxes	[2]	0	0
Equity in net income (loss) of subsidiaries	[2]	(38,520)	(16,336)
Income (loss) before income taxes	[2]	(38,520)	(16,336)
Income tax expense (benefit)	[2]	0	0
Net income	[2]	$ (38,520)	$ (16,336)
[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 Consoli_3

Schedule of Condensed Consolidating Statements of Comprehensive Income (Detail) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2019	Mar. 31, 2018
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		$ 19,600	$ 5,701
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)		20,785	(15,188)
Equity in other comprehensive income (loss) of unconsolidated subsidiaries		0	0
Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)		(1)	(1)
Reclassification adjustment for (gains) losses included in net income (loss)		1,922	75
Unrealized foreign currency translation gains (losses)		194	(372)
Other comprehensive income (loss), net of tax		22,900	(15,486)
Comprehensive income (loss), net of tax		42,500	(9,785)
Global Indemnity Limited (Parent co-obligor)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		19,600	5,701
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)		659	(124)
Equity in other comprehensive income (loss) of unconsolidated subsidiaries		22,234	(15,362)
Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)		0	0
Reclassification adjustment for (gains) losses included in net income (loss)		7	0
Unrealized foreign currency translation gains (losses)		0	0
Other comprehensive income (loss), net of tax		22,900	(15,486)
Comprehensive income (loss), net of tax		42,500	(9,785)
Global Indemnity Group, Inc.(Subsidiary co-obligor)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)		10,059	(6,467)
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)		2,047	(1,611)
Equity in other comprehensive income (loss) of unconsolidated subsidiaries		10,325	(6,513)
Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)		0	0
Reclassification adjustment for (gains) losses included in net income (loss)		402	(2)
Unrealized foreign currency translation gains (losses)		0	0
Other comprehensive income (loss), net of tax		12,774	(8,126)
Comprehensive income (loss), net of tax		22,833	(14,593)
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	[1]	28,461	22,803
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)	[1]	18,079	(13,453)
Equity in other comprehensive income (loss) of unconsolidated subsidiaries	[1]	12,774	(8,126)
Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)	[1]	(1)	(1)
Reclassification adjustment for (gains) losses included in net income (loss)	[1]	1,513	77
Unrealized foreign currency translation gains (losses)	[1]	194	(372)
Other comprehensive income (loss), net of tax	[1]	32,559	(21,875)
Comprehensive income (loss), net of tax	[1]	61,020	928
Consolidation Adjustments
Condensed Financial Statements, Captions [Line Items]
Net income (loss)	[2]	(38,520)	(16,336)
Other comprehensive income (loss), net of tax:
Unrealized holding gains (losses)	[2]	0	0
Equity in other comprehensive income (loss) of unconsolidated subsidiaries	[2]	(45,333)	30,001
Portion of other-than-temporary impairment losses recognized in other comprehensive income (loss)	[2]	0	0
Reclassification adjustment for (gains) losses included in net income (loss)	[2]	0	0
Unrealized foreign currency translation gains (losses)	[2]	0	0
Other comprehensive income (loss), net of tax	[2]	(45,333)	30,001
Comprehensive income (loss), net of tax	[2]	$ (83,853)	$ 13,665
[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 Consoli_4

Schedule of Condensed Consolidating Statements of Cash Flows (Detail) - USD ($) $ in Thousands		Mar. 29, 2019	Mar. 29, 2018	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net cash provided by (used for) operating activities				$ (23,190)	$ 41,227
Cash flows from investing activities:
Proceeds from sale of fixed maturities				61,258	47,148
Proceeds from sale of equity securities				15,354	9,283
Proceeds from maturity of fixed maturities				19,352	18,281
Proceeds from other invested assets				1,445	2,711
Amount received (paid) in connection with derivatives				(3,735)	5,490
Purchases of fixed maturities				(112,024)	(93,603)
Purchases of equity securities				(17,989)	(7,340)
Purchases of other invested assets				(3,500)	(7,050)
Acquisition of business				0	(3,515)
Net cash used for investing activities				(39,839)	(28,595)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility				5,950	(8,212)
Dividends paid to shareholders		$ (3,500)	$ (3,500)	(3,595)	(3,499)
Dividends from subsidiaries					0
Purchase of A ordinary shares				(949)	(1,813)
Net cash provided by (used for) financing activities				1,406	(13,524)
Net change in cash and cash equivalents				(61,623)	(892)
Cash and cash equivalents at beginning of period				99,497	74,414
Cash and cash equivalents at end of period				37,874	73,522
Global Indemnity Limited (Parent co-obligor)
Cash flows from operating activities:
Net cash provided by (used for) operating activities				2,225	(3,472)
Cash flows from investing activities:
Proceeds from sale of fixed maturities				9,567	2,500
Proceeds from sale of equity securities				0	0
Proceeds from maturity of fixed maturities				0	3,642
Proceeds from other invested assets				1,445	0
Amount received (paid) in connection with derivatives				0	0
Purchases of fixed maturities				(10,548)	(23,615)
Purchases of equity securities				0	0
Purchases of other invested assets				0	0
Acquisition of business					0
Net cash used for investing activities				464	(17,473)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility				0	0
Dividends paid to shareholders				(3,595)	(3,499)
Dividends from subsidiaries					20,000
Purchase of A ordinary shares				(949)	(1,813)
Net cash provided by (used for) financing activities				(4,544)	14,688
Net change in cash and cash equivalents				(1,855)	(6,257)
Cash and cash equivalents at beginning of period				2,221	11,089
Cash and cash equivalents at end of period				366	4,832
Global Indemnity Group, Inc.(Subsidiary co-obligor)
Cash flows from operating activities:
Net cash provided by (used for) operating activities				(10,514)	27,752
Cash flows from investing activities:
Proceeds from sale of fixed maturities				12,200	4,190
Proceeds from sale of equity securities				15,354	9,283
Proceeds from maturity of fixed maturities				0	7,600
Proceeds from other invested assets				0	(612)
Amount received (paid) in connection with derivatives				(3,735)	5,490
Purchases of fixed maturities				(23,149)	(27,169)
Purchases of equity securities				(17,989)	(7,340)
Purchases of other invested assets				(3,500)	(7,050)
Acquisition of business					(3,515)
Net cash used for investing activities				(20,819)	(19,123)
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility				5,950	(8,212)
Dividends paid to shareholders				0	0
Dividends from subsidiaries					0
Purchase of A ordinary shares				0	0
Net cash provided by (used for) financing activities				5,950	(8,212)
Net change in cash and cash equivalents				(25,383)	417
Cash and cash equivalents at beginning of period				26,039	7,749
Cash and cash equivalents at end of period				656	8,166
Other Global Indemnity Limited Subsidiaries and Eliminations (non-co-obligor subsidiaries)
Cash flows from operating activities:
Net cash provided by (used for) operating activities				(14,901)	16,947	[1]
Cash flows from investing activities:
Proceeds from sale of fixed maturities				39,491	40,458	[1]
Proceeds from sale of equity securities				0	0	[1]
Proceeds from maturity of fixed maturities				19,352	7,039	[1]
Proceeds from other invested assets				0	3,323	[1]
Amount received (paid) in connection with derivatives				0	0	[1]
Purchases of fixed maturities				(78,327)	(42,819)	[1]
Purchases of equity securities				0	0	[1]
Purchases of other invested assets				0	0	[1]
Acquisition of business	[1]				0
Net cash used for investing activities				(19,484)	8,001	[1]
Cash flows from financing activities:
Net borrowings (repayments) under margin borrowing facility				0	0	[1]
Dividends paid to shareholders				0	0	[1]
Dividends from subsidiaries	[1]				(20,000)
Purchase of A ordinary shares				0	0	[1]
Net cash provided by (used for) financing activities				0	(20,000)	[1]
Net change in cash and cash equivalents				(34,385)	4,948	[1]
Cash and cash equivalents at beginning of period	[1]			71,237	55,576
Cash and cash equivalents at end of period	[1]			$ 36,852	$ 60,524
[1]	Includes all other subsidiaries of Global Indemnity Limited and eliminations

New Accounting Pronouncements -

New Accounting Pronouncements - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2019	Jan. 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Right of use lease assets	$ 24,803
Lease liabilities	$ 25,016
Accounting Standards Update 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Right of use lease assets		$ 25,300
Lease liabilities		25,400
Accounting Standards Update 2016-02 | Maximum
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Cumulative effect adjustment resulting from adoption of new accounting guidance		$ 100