Global Indemnity Group, LLC (NYSE:GBLI) Q4 2022 Earnings Conference Call March 9, 2023 11:00 AM ET

Company Participants

Stephen Ries - Head of Investor Relations

Joseph Brown - Chief Executive Officer

Thomas McGeehan - Chief Financial Officer

Conference Call Participants

Thomas Kerr - Zacks Investment Research, Inc.

Operator

Good morning, and welcome to Global Indemnity Group 2022 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer. [Operator Instructions] Thank you.

Stephen Ries, Head of Investor Relations, you may begin your conference.

Stephen Ries

Thank you, operator. 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, including, 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 made 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 Jay Brown, Chief Executive Officer of GBLI.

Joseph Brown

Thank you, Steve. Good morning and thanks to everyone for taking the time to join us on the call this morning. I will first provide an update on what has transpired at Global since our last call. This will then be followed by Tom McGeehan, our CFO, providing a detailed explanation of how our results for fourth quarter and full year were compiled, how they compared to prior year and some of the implications for future results based on the actions we have recently taken. We will then take questions.

Looking back to last November, just a week after I joined the company, I will admit that the amount of change that I have now brought to the organization has been far greater than I expected at that time. As documented at our Investor Day last fall, 2022 was planned as a major expansion of GBLI's product offerings with both new lines of business and new products added to our existing product lines.