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Subsequent Events
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent Events
27.
Subsequent Events

Distribution

On March 2, 2023, Global Indemnity Group, LLC’s Board of Directors approved a distribution payment of $0.25 per common share to be paid on March 31, 2023 to all shareholders of record as of the close of business on March 24, 2023.

 

Share Repurchase

 

On January 3, 2023, Global Indemnity Group, LLC announced that it has authorized an increase in the aggregate stock purchase program from $32 million, which was authorized on October 21, 2022, to $60 million. The authorization to repurchase will expire on December 31, 2027.

 

Subsequent to year end, an additional 250,000 shares were repurchased as part of the share repurchase program. Including the 2022 repurchases, a total of 1,157,082 shares were repurchased at an average purchase price of $24.54 per share as part of the $60 million share repurchase program.