Global Indemnity Group, LLC (NYSE:GBLI) Q3 2023 Results Conference Call November 8, 2023 11:00 AM ET

Company Participants

Steve Ries - IR

Jay Brown - CEO

Tom McGeehan - CFO

Conference Call Participants

David Schiff - Shift Insurance

Tom Kerr - Zacks Investment Research

Anthony Mottolese - Dowling & Partners

Tony Polak - Aegis

Operator

Thank you for standing by. My name is Danica, and I'll be your conference operator today. At this time, I would like to welcome everyone to the GBLI Third Quarter 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks there will be a question-and-answer session. [Operator Instructions] Thank you.

I would now like to turn the call over to Steve Ries, Head of Investor Relations. Please go ahead.

Steve Ries

Thank you, Danica. Today's conference call is being recorded. GBLI's remarks may contain forward-looking statements. Some of the forward-looking statements can be identified by the use of forward-looking words, without limitation, beliefs, expectations or estimates. We caution you that such forward-looking statements should not be regarded as a representation by us that the future plans, estimates or expectations contemplated by us will, in fact, be achieved.

Please refer to our annual report on Form 10-K and our other filings with the SEC for a description of the business environment in which we operate and the important factors that may materially affect our results. Global Indemnity Group, LLC is not under any obligation and expressly disclaims any such obligation to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

It is now my pleasure to turn the call over to Mr. Jay Brown, Chief Executive Officer of Global Indemnity.

Jay Brown

Thank you, Steve. Good morning, and thanks to everyone for joining us this morning for our third quarter results call. Before I provide some commentary on our 2023 results, let me address an obvious topic.

As we have previously disclosed, the Company has been engaged in conversations that could potentially lead to a transaction to sell a portion of our insurance operations for the entire company. GBLI has now retained an investment banker, Tony Ursano of Insurance Advisory Partners to assist the Company in evaluating the efficacy of any potential transaction. We expect this process will likely conclude in the next few months. Given where we are in the process, we will not say anything more today or respond to any questions on this during this call.