Global Indemnity Group LLC-A 2025年度报告

☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Fiscal Year Ended December 31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the Transition Period from ___________ to ___________001-34809Commission File Number GLOBAL INDEMNITY GROUP, LLC (Exact name of registrant as specified in its charter) Delaware(State or other jurisdictionof incorporation or organization) 85-2619578 (I.R.S. Employer Identification No.) 112 S. French Street, Suite 105Wilmington, DE19801 (Address of principal executive office including zip code)Registrant's telephone number, including area code: (302) 691-6276SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Title of each classTrading SymbolName of each exchange on which registeredClass A Common SharesGBLINasdaq Global Select Market Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YES☐NO☒ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.YES☐NO☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days. YES☒NO☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YES☒NO☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, oremerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b-2 of the Exchange Act.: Large accelerated filer☐; Accelerated filer☒; Non-accelerated filer☐; Smaller reporting company☐; Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any newor revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that preparedor issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in thefiling reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation receivedby any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).YES☐NO☒ The aggregate market value of the common equity held by non-affiliates of the registrant, computed by reference to the price of the registrant’s class Acommon shares as of the last business day of the registrant’s most recently completed second fiscal quarter (based on the last reported sale price on theNasdaq Global Select Market as of such date), was $225,807,147. There are no class B common shares held by non-affiliates of the registrant. As of March 10, 2026, the registrant had outstanding 10,557,227 class A common shares (including 550,000 class A common shares designated as class A-2 common shares) and 3,793,612 class B common shares. Portions of the Registrant’s Proxy Statement relating to the 2026 Annual Meeting of Shareholders to be filed with the SEC within 120 days of the fiscalyear ended December 31, 2025 are incorporated by reference into Part III of this report. TABLE OF CONTENTS PART I Item 1.BUSINESS4Item 1A.RISK FACTORS19Item 1B.UNRESOLVED STAFF COMMENTS33Item 1C.CYBERSECURITY34Item 2.PROPERTIES35Item 3.LEGAL PROCEEDINGS35Item 4.MINE SAFETY DISCLOSURES36 PART II Item 5.MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUERPURCHASES OF EQUITY SECURITIES37Item 6.[RESERVED]38Item 7.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OFOPERATIONS39Item 7A.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK62Item 8.FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA64Item 9.CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND F