Global Indemnity Group, LLC Financial Ratios — GBLI Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	-11.67	10.7	16.54	14.44	10.56	14.52	-2.97	-23.1	28.82	-8.37	11.94	-0.53	10.45	16.67	9.18
Return on Assets (%)	-1.76	1.75	3.23	3.27	2.13	2.54	-0.48	-2.86	3.47	-1.06	1.5	-0.04	1.44	2.5	1.47
Return on Capital (%)	- -	- -	14.56	11.1	- -	- -	- -	- -	16.27	- -	9.84	-0.66	9.88	15.88	8.91
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	-9.25	9.86	19.65	21.33	6.08	8.91	-2.07	-15.22	13.53	-4.99	4.84	0.31	6.24	12.46	7.4
Profit Margin (%)	-9.96	11.86	19.33	18.83	7.7	9.33	-1.97	-11.36	11.58	-3.6	4.33	-0.14	4.81	9.8	5.63
Net Income to Common Margin (%)	-9.96	11.86	19.33	18.83	7.7	9.33	-1.97	-11.36	11.58	-3.63	4.26	-0.21	4.73	9.7	5.53
Effective Tax Rate (%)	- -	- -	1.62	11.71	- -	- -	- -	- -	14.36	- -	10.51	143.13	22.89	21.32	23.92
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	-24.74	20.31	-67.27	49.91	-1,113.64	57.02	45.3	80.36
Sustainable Growth Rate (%)	-11.67	10.7	16.54	14.44	10.56	14.52	-2.97	-28.81	22.96	-14	5.98	-6.49	4.49	9.12	1.8

Credit (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	103	85	100	175	172	163	295	289	297	149	146	16	13	10	8
ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
LT Debt	103	85	100	175	172	163	295	289	297	149	146	16	13	10	8
Total Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	6	5	6	1	5	9	17	20	20	16	10	3	- -	- -	- -
Common Equity/Total Assets	14.83	17.97	21.13	24.18	16.27	18.67	13.78	10.97	13.04	12.33	12.39	12.96	14.16	15.52	15.9
Long-Term Debt/Equity (%)	12.27	10.53	11.45	19.23	22.94	20.45	41.02	45.87	40.81	20.78	20.59	2.51	1.96	1.5	1.18
Long-Term Debt/Capital (%)	25.08	19.88	19.85	27.23	35.08	30.7	51.65	57.29	52.28	38.44	36.49	6.2	4.87	3.66	2.91
Long-Term Debt/Total Assets (%)	4.97	4.46	5.23	9.05	8.79	8.27	14.72	14.72	14.29	7.83	7.23	0.87	0.74	0.6	0.48
Total Debt/Equity (%)	12.27	10.53	11.45	19.23	22.94	20.45	41.02	45.87	40.81	20.78	20.59	2.51	1.96	1.5	1.18
Total Debt/Capital (%)	25.08	19.88	19.85	27.23	35.08	30.7	51.65	57.29	52.28	38.44	36.49	6.2	4.87	3.66	2.91
Total Debt/Total Assets (%)	4.97	4.46	5.23	9.05	8.79	8.27	14.72	14.72	14.29	7.83	7.23	0.87	0.74	0.6	0.48
Net Debt to Equity	-8.69	-2.42	-0.63	12.75	14	11.03	30.67	30.06	34.72	8.2	6.81	-6.2	-5.86	-2.47	-9.28
Net Debt/Capital (%)	-31.1	-6.05	-1.38	19.89	24.8	19.29	44.4	46.78	48.24	18.37	15.02	-18.12	-17	-6.39	-29.74
EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	14.83	17.97	21.13	24.18	16.27	18.67	13.78	10.97	13.04	12.33	12.39	12.96	14.16	15.52	15.9
Long-Term Debt/Equity (%)	12.27	10.53	11.45	19.23	22.94	20.45	41.02	45.87	40.81	20.78	20.59	2.51	1.96	1.5	1.18
Long-Term Debt/Capital (%)	25.08	19.88	19.85	27.23	35.08	30.7	51.65	57.29	52.28	38.44	36.49	6.2	4.87	3.66	2.91
Long-Term Debt/Total Assets (%)	4.97	4.46	5.23	9.05	8.79	8.27	14.72	14.72	14.29	7.83	7.23	0.87	0.74	0.6	0.48
Total Debt/Equity (%)	12.27	10.53	11.45	19.23	22.94	20.45	41.02	45.87	40.81	20.78	20.59	2.51	1.96	1.5	1.18
Total Debt/Capital (%)	25.08	19.88	19.85	27.23	35.08	30.7	51.65	57.29	52.28	38.44	36.49	6.2	4.87	3.66	2.91
Total Debt/Total Assets (%)	4.97	4.46	5.23	9.05	8.79	8.27	14.72	14.72	14.29	7.83	7.23	0.87	0.74	0.6	0.48
CFO/Total Liabilities	-0.63	-3.19	-0.47	-1.17	0.31	-1.63	-1.47	3.16	2.4	2.75	6.95	3.77	3.97	3.73	0.89
CFO/CapEx	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Altman's Z-Score	0.69	0.73	0.83	0.94	0.86	0.88	0.78	0.64	0.67	0.69	0.68	0.71	0.75	0.76	0.73

Working Capital (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	1.96	0.95	1.21	1.55	2.78	2.43	2.28	2.55	2.99	2.92	3.18	2.6	2.42	2.72	3.32
Days Sales Outstanding	186.04	383.3	301.57	235.17	131.14	150.47	159.87	143.22	122	125.13	114.74	140.18	151.03	134.25	110.09
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	600	591	634	713	704	659	727	510	421	409	363	338	437	491	403
- Cash & Cash Equivalents	176	104	105	59	67	75	74	99	44	67	78	39	38	17	66
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	4	4	4	4	4	4
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	103	85	100	175	172	163	295	289	297	149	146	16	13	10	8
Enterprise Value	-945	-858	-833	-577	-608	-614	-294	-536	-580	-697	-768	-930	-585	-696	-739
Total Capital	410	427	504	641	490	531	571	504	567	388	399	253	262	283	286
Total Debt/Capital (%)	25.08	19.88	19.85	27.23	35.08	30.7	51.65	57.29	52.28	38.44	36.49	6.2	4.87	3.66	2.91
Total Debt / EV	-0.11	-0.1	-0.12	-0.3	-0.28	-0.27	-1	-0.54	-0.51	-0.21	-0.19	-0.02	-0.02	-0.01	-0.01
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	600	592	637	719	711	670	727	510	425	409	369	338	441	493	405
Diluted Enterprise Value	527	572	631	834	816	759	948	700	677	494	440	318	419	491	351
EV per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Sales	385	293	319	334	539	535	486	499	604	584	678	629	528	441	450
TTM EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	-1	-29	1	-11	10	-10	-3	57	50	44	100	43	43	39	9
TTM Free Cash Flow to Firm	-1	-29	1	-11	10	-10	-3	57	50	44	100	43	43	39	9

Multiples (USD)

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	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	-77.49	-16.91	-129.43	-59.88	189.64	-34.91	-38.46	12.13	13.12	12.51	4.06	7.63	10.27	12.71	44.64
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-945	-858	-833	-577	-608	-614	-294	-536	-580	-697	-768	-930	-585	-696	-739
Low Price	15.5	17.22	20.06	23.16	22.96	20.96	34	31.78	24.01	17.01	23.97	20.52	23.01	27.47	25.88
EV/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	17.01	10.28	11.34	16.97	13.22	- -	- -	6.01	- -	12.54	- -	17.49	11.47	16.18
Price/Earnings Average	-16.09	15.64	9.69	10.53	16.16	10.63	-72.23	-9.5	6.01	-17.39	13.76	-282.72	17.02	10.19	17.7
Price/Earnings High	-21.52	17.38	11.21	11.8	17.51	13.48	-90.45	-10.81	8.47	-23.4	15.96	-310.52	20.07	11.79	21.09
Price/Earnings Low	-12.23	13.24	8.15	9.26	13.43	7.25	-61.62	-7.9	4.87	-11.49	11.96	-230.36	12.48	8.75	14.75
Price/Book Value	1.95	1.73	1.57	1.53	2.21	1.79	2.64	2.37	1.55	1.74	1.45	1.45	1.78	1.83	1.47
Price/Book Value Average	2.01	1.59	1.48	1.42	2.1	1.44	2.5	2.5	1.55	1.57	1.6	1.56	1.74	1.62	1.61
Price/Book Value High	2.68	1.77	1.71	1.59	2.28	1.82	3.13	2.85	2.19	2.11	1.85	1.72	2.05	1.88	1.92
Price/Book Value Low	1.52	1.34	1.25	1.25	1.75	0.98	2.13	2.08	1.26	1.03	1.39	1.27	1.27	1.39	1.34
Price/Tangible Book Value	0.74	0.75	0.75	0.8	0.98	0.86	1.06	0.85	0.6	0.59	0.54	0.56	0.7	0.74	0.59
Price/Tangible Book Value Average	0.76	0.69	0.7	0.75	0.93	0.69	1	0.9	0.6	0.54	0.59	0.61	0.68	0.65	0.65
Price/Tangible Book Value High	1.01	0.77	0.81	0.84	1.01	0.87	1.25	1.02	0.85	0.72	0.68	0.66	0.8	0.76	0.77
Price/Tangible Book Value Low	0.57	0.59	0.59	0.66	0.77	0.47	0.85	0.75	0.49	0.35	0.51	0.49	0.5	0.56	0.54
Price/Sales	1.56	2.02	1.99	2.14	1.31	1.23	1.5	1.02	0.7	0.7	0.53	0.54	0.83	1.11	0.89
Price/Sales Average	1.6	1.85	1.87	1.98	1.24	0.99	1.42	1.08	0.7	0.63	0.59	0.58	0.81	0.99	0.98
Price/Sales High	2.14	2.06	2.17	2.22	1.35	1.26	1.78	1.23	0.98	0.85	0.68	0.64	0.95	1.14	1.17
Price/Sales Low	1.22	1.57	1.58	1.74	1.03	0.68	1.21	0.9	0.56	0.42	0.51	0.47	0.59	0.85	0.82
Price/Cash Flow	-77.49	-16.89	-128.91	-59.41	187.69	-34.31	-38.46	12.13	12.99	12.51	3.99	7.63	10.19	12.64	44.43
Price/Cash Flow Average	-79.71	-15.52	-121.44	-55.16	178.67	-27.61	-36.48	12.81	12.99	11.26	4.38	8.24	9.91	11.23	48.6
Price/Cash Flow High	-106.64	-17.26	-140.47	-61.77	193.58	-35	-45.69	14.56	18.31	15.16	5.08	9.06	11.69	12.99	57.93
Price/Cash Flow Low	-60.57	-13.14	-102.21	-48.5	148.5	-18.82	-31.12	10.64	10.52	7.44	3.81	6.72	7.27	9.65	40.52
Price/Free Cash Flow Average	-79.71	-15.54	-121.93	-55.6	180.53	-28.09	-36.48	12.81	13.12	11.26	4.45	8.24	10	11.29	48.83
Price/Free Cash Flow High	-106.64	-17.27	-141.04	-62.26	195.59	-35.6	-45.69	14.56	18.49	15.16	5.16	9.06	11.79	13.06	58.2
Price/Free Cash Flow Low	-60.57	-13.16	-102.62	-48.88	150.04	-19.15	-31.12	10.64	10.63	7.44	3.87	6.72	7.33	9.69	40.71
EV/Sales Average	1.41	1.79	1.86	2.33	1.44	1.16	1.87	1.46	1.11	0.78	0.69	0.55	0.76	0.98	0.86
EV/Sales High	1.95	2	2.15	2.57	1.54	1.42	2.23	1.61	1.4	1	0.79	0.61	0.91	1.14	1.05
EV/Sales Low	1.03	1.5	1.56	2.09	1.23	0.84	1.67	1.28	0.98	0.56	0.61	0.44	0.55	0.84	0.7
EV/EBITDA Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBITDA Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	19.83	22.13	25.3	28.37	29.02	38.21	42.02	36.23	29.63	28.59	25.13	23.31	32.24	36	28.38
High Price	27.29	22.61	27.57	29.5	29.93	38.97	49.91	43.49	41.77	34.65	31.98	27.66	37	37	37
Enterprise Value Average	544	524	592	778	775	618	910	728	673	454	469	346	404	434	387
Enterprise Value High	752	585	686	857	831	760	1,084	802	845	581	533	381	480	502	472
Enterprise Value Low	396	441	497	698	662	450	809	637	593	329	417	278	291	372	314

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	29	25	25	25	17	18	14	14	14	14	15	14	14	14	14
Diluted Weighted Avg Shares	30	27	25	25	25	18	17	14	14	14	15	14	14	14	14
Basic Weighted Avg Shares	30	27	25	25	24	17	17	14	14	14	14	14	14	14	14
Revenue per Share	12.73	10.96	12.73	13.28	22.21	30.99	28.05	35.41	42.59	40.83	47.01	43.4	38.97	32.35	31.71
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	-1.27	1.3	2.46	2.5	1.71	2.89	-0.55	-4.02	4.93	-1.48	2	-0.09	1.84	3.14	1.75
Basic EPS from Cont Ops	-1.27	1.3	2.46	2.5	1.71	2.89	-0.55	-4.02	4.93	-1.47	2.03	-0.06	1.88	3.17	1.79
Diluted EPS, GAAP	-1.27	1.3	2.45	2.48	1.69	2.84	-0.55	-4.02	4.88	-1.48	1.97	-0.09	1.83	3.12	1.75
Diluted EPS from Cont Ops	-1.27	1.3	2.45	2.48	1.69	2.84	-0.55	-4.02	4.88	-1.47	2	-0.06	1.86	3.15	1.78
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	1	1	1.01	1.03	1.02	1.08	1.45	1.44
Cash Flow per Share	-0.26	-1.31	-0.2	-0.48	0.15	-1.11	-1.09	2.99	2.28	2.29	6.29	3.05	3.16	2.85	0.64
Free Cash Flow per Basic Share	-0.26	-1.31	-0.2	-0.48	0.15	-1.11	-1.09	2.99	2.28	2.29	6.29	3.05	3.16	2.85	0.64
Cash & Equivalents per Share	54.49	57.4	62.51	58.27	61.17	83.24	76.02	94.73	91.42	88.07	88.73	88.87	76.67	88.06	81.3
Book Value per Share	10.17	12.8	16.11	18.57	13.13	21.35	15.94	15.27	19.08	16.44	17.28	16.12	18.08	19.7	19.28
Tangible Book Value per Share	26.97	29.32	33.92	35.25	29.68	44.55	39.82	42.62	49.24	48.06	46.92	41.61	46.15	48.86	47.98

Global Indemnity Group, LLC

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)