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Condensed Financial Information of Registrant (Parent Only) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information of Registrant (Parent Only) | GLOBAL INDEMNITY GROUP, LLC SCHEDULE II – Condensed Financ ial Information of Registrant (Parent Only) Balance Sheets (Dollars in thousands, except share data)
ASSETS |  | December 31, 2022 |  |  | December 31, 2021 |
Fixed maturities |  | $ | 86,310 |  |  | $ | 59,113 |
Equity securities, at fair value |  |  | 1,694 |  |  |  | 77,264 |
Other invested assets |  |  | 23,573 |  |  |  | 86,234 |
Total investments |  |  | 111,577 |  |  |  | 222,611 |
Cash and cash equivalents |  |  | 4,775 |  |  |  | 3,389 |
Intercompany note receivable (1) |  |  | 69,400 |  |  |  | — |
Interest receivable – affiliates |  |  | 627 |  |  |  | — |
Equity in unconsolidated subsidiaries (1) |  |  | 444,517 |  |  |  | 480,866 |
Receivable for securities |  |  | — |  |  |  | 332 |
Other assets |  |  | 1,130 |  |  |  | 4,978 |
Total assets |  | $ | 632,026 |  |  | $ | 712,176 |
LIABILITIES AND SHAREHOLDERS' EQUITY |  |  |  |  |  |
Liabilities: |  |  |  |  |  |
Note payable - affiliates (1) |  | $ | — |  |  | $ | 2,800 |
Payable for securities |  |  | 49 |  |  |  | — |
Due to affiliates (1) |  |  | 4,623 |  |  |  | 1,622 |
Other liabilities |  |  | 1,125 |  |  |  | 1,133 |
Total liabilities |  |  | 5,797 |  |  |  | 5,555 |
Commitments and contingencies |  |  | — |  |  |  | — |
Shareholders’ equity: |  |  |  |  |  |
Series A cumulative fixed rate preferred shares, $1,000 par value; 100,000,000 shares authorized, shares issued and outstanding: 4,000 and 4,000 shares, respectively, liquidation preference: $1,000 per share and $1,000 per share, respectively |  |  | 4,000 |  |  |  | 4,000 |
Common shares: no par value; 900,000,000 common shares authorized; class A common shares issued: 10,876,041 and 10,574,589, respectively; class A common shares outstanding: 10,073,660 and 10,557,093, respectively; class B common shares issued and outstanding: 3,793,612 and 3,947,206, respectively |  |  | — |  |  |  | — |
Additional paid-in capital |  |  | 451,305 |  |  |  | 447,406 |
Accumulated other comprehensive income, net of tax |  |  | (43,058 | ) |  |  | 6,404 |
Retained earnings |  |  | 233,468 |  |  |  | 249,301 |
Class A common shares in treasury, at cost: 802,381 and 17,496 shares, respectively |  |  | (19,486 | ) |  |  | (490 | )
Total shareholders' equity |  |  | 626,229 |  |  |  | 706,621 |
Total liabilities and shareholders’ equity |  | $ | 632,026 |  |  | $ | 712,176 |
(1) This item has been eliminated in the Company’s Consolidated Financial Statements. See Notes to Consolidated Financial Statements included in Item 8. GLOBAL INDEMNITY GROUP, LLC SCHEDULE II – Condensed Financial Information of Registrant (continued) (Parent Only) Statement of Operations and Comprehensive Income (Dollars in thousands)
|  | Years Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 (1) |
Revenues: |  |  |  |  |  |  |  |  |
Net investment income |  | $ | (1,980 | ) |  | $ | 6,763 |  |  | $ | 2,876 |
Intercompany interest income (2) |  |  | 627 |  |  |  | — |  |  |  | 57 |
Net realized investment gains (losses) |  |  | (4,620 | ) |  |  | 13,563 |  |  |  | (1,444 | )
Other income |  |  | — |  |  |  | — |  |  |  | 1 |
Total revenues |  |  | (5,973 | ) |  |  | 20,326 |  |  |  | 1,490 |
Expenses: |  |  |  |  |  |  |  |  |
Intercompany interest expense (2) |  |  | 2 |  |  |  | 1 |  |  |  | 550 |
Interest expense |  |  | 41 |  |  |  | 142 |  |  |  | 218 |
Corporate and other operating expenses |  |  | 723 |  |  |  | 864 |  |  |  | 23,641 |
Loss on extinguishment of debt |  |  | 3,529 |  |  |  | — |  |  |  | 3,060 |
Income (loss) before equity in earnings of unconsolidated subsidiaries |  |  | (10,268 | ) |  |  | 19,319 |  |  |  | (25,979 | )
Equity in earnings of unconsolidated subsidiaries (2) |  |  | 9,418 |  |  |  | 10,035 |  |  |  | 4,973 |
Net income (loss) |  |  | (850 | ) |  |  | 29,354 |  |  |  | (21,006 | )
Other comprehensive income (loss), net of tax: |  |  |  |  |  |  |  |  |
Unrealized holdings losses arising during the period |  |  | (8,274 | ) |  |  | (3,568 | ) |  |  | (4,581 | )
Equity in other comprehensive income (loss) of unconsolidated subsidiaries (2) |  |  | (45,764 | ) |  |  | (24,300 | ) |  |  | 21,657 |
Recognition of previously unrealized holding (gains) losses |  |  | 4,576 |  |  |  | (36 | ) |  |  | (377 | )
Other comprehensive income (loss), net of tax |  |  | (49,462 | ) |  |  | (27,904 | ) |  |  | 16,699 |
Comprehensive income (loss), net of tax |  | $ | (50,312 | ) |  | $ | 1,450 |  |  | $ | (4,307 | )
(1) Includes activity for Global Indemnity Limited from January 1, 2020 to August 27, 2020 and activity for Global Indemnity Group, LLC from August 28, 2020 to December 31, 2020 (2) This item has been eliminated in the Company’s Consolidated Financial Statements. See Notes to Consolidated Financial Statements included in Item 8. GLOBAL INDEMNITY GROUP, LLC Condensed Financial Information of Registrant – (continued) (Parent Only) Statements of Cash Flows (Dollars in thousands)
|  | Years Ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 (1) |
Net cash provided by (used in) operating activities |  | $ | 7,720 |  |  | $ | 7,264 |  |  | $ | (23,602 | )
Cash flows from investing activities: |  |  |  |  |  |  |  |  |
Proceeds from sale of fixed maturities |  |  | 70,151 |  |  |  | 84,070 |  |  |  | 126,834 |
Proceeds from sale of equity securities |  |  | 76,466 |  |  |  | 27,600 |  |  |  | 137,533 |
Proceeds from maturity of fixed maturities |  |  | 438 |  |  |  | 1,087 |  |  |  | 423 |
Proceeds from other invested assets |  |  | 58,577 |  |  |  | — |  |  |  | 1,700 |
Purchases of fixed maturities |  |  | (105,025 | ) |  |  | (60,800 | ) |  |  | (202,664 | )
Purchases of equity securities |  |  | (939 | ) |  |  | (30,956 | ) |  |  | (168,795 | )
Purchases of other invested assets |  |  | — |  |  |  | (25,000 | ) |  |  | (60,000 | )
Net cash provided by (used in) investing activities |  |  | 99,668 |  |  |  | (3,999 | ) |  |  | (164,969 | )
Cash flows from financing activities: |  |  |  |  |  |  |  |  |
Distributions paid to common shareholders |  |  | (14,366 | ) |  |  | (14,431 | ) |  |  | (14,252 | )
Distributions paid to preferred shareholders |  |  | (440 | ) |  |  | (440 | ) |  |  | (133 | )
Issuance of note receivable to affiliates |  |  | (69,400 | ) |  |  | — |  |  |  | — |
Proceeds from the repayment of a note receivable from affiliate |  |  | — |  |  |  | 11,283 |  |  |  | — |
Proceeds from issuance of note payable to affiliates |  |  | — |  |  |  | 2,800 |  |  |  | — |
Repayment of note payable to affiliates |  |  | (2,800 | ) |  |  | — |  |  |  | — |
Issuance of series A cumulative fixed rate preferred shares |  |  | — |  |  |  | — |  |  |  | 4,000 |
Dividends from subsidiaries |  |  | — |  |  |  | — |  |  |  | 226,000 |
Capital contribution |  |  | — |  |  |  | — |  |  |  | (26,466 | )
Purchase of class A common shares |  |  | (22,335 | ) |  |  | (490 | ) |  |  | (153 | )
Issuance of class A common shares |  |  | 3,339 |  |  |  | — |  |  |  | — |
Net cash provided by (used in) financing activities |  |  | (106,002 | ) |  |  | (1,278 | ) |  |  | 188,996 |
Net change in cash and equivalents |  |  | 1,386 |  |  |  | 1,987 |  |  |  | 425 |
Cash and cash equivalents at beginning of period |  |  | 3,389 |  |  |  | 1,402 |  |  |  | 977 |
Cash and cash equivalents at end of period |  | $ | 4,775 |  |  | $ | 3,389 |  |  | $ | 1,402 |
(1) Includes activity for Global Indemnity Limited from January 1, 2020 to August 27, 2020 and activity for Global Indemnity Group, LLC from August 28, 2020 to December 31, 2020 See Notes to Consolidated Financial Statements included in Item 8.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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