Global Indemnity Group LLC (Global Indemnity Group LLC) Intangible Assets

: $19.3 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Global Indemnity Group LLC's intangible assets for the quarter that ended in Dec. 2023 was $19.3 Mil.

Global Indemnity Group LLC Intangible Assets Historical Data

The historical data trend for Global Indemnity Group LLC's Intangible Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Global Indemnity Group LLC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

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28.01

27.48

25.66

19.63

19.28

Global Indemnity Group LLC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets	Get a 7-Day Free Trial															19.63	19.54	19.45	19.37	19.28

Global Indemnity Group LLC Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Global Indemnity Group LLC (NYSE:GBLI) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Global Indemnity Group LLC Intangible Assets Related Terms

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Global Indemnity Group LLC (Global Indemnity Group LLC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Global Indemnity Group LLC (NYSE:GBLI) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

112 S. French Street, Suite 105, Wilmington, NC, USA, 19801

Website

https://www.gbli.com

Global Indemnity Group LLC provides both admitted and non-admitted specialty property and casualty insurance coverages and individual policyholder coverages in the United States, as well as reinsurance worldwide. The company's three primary segments are Commercial Specialty, Reinsurance operations, and Exited Lines. The majority of its revenue is from the Commercial Specialty segment. Geographically, the majority is from California.

Executives

Bevan Olson Greibesland	officer: SVP - Programs	112 S. FRENCH STREET, SUITE 105, WILMINGTON DE 19801
Fred Robert Donner	director	GLOBAL INDEMNITY GROUP, LLC, 112 S. FRENCH STREET, SUITE 105, WILMINGTON DE 19801
Gary Charles Tolman	director	C/O GLOBAL INDEMNITY GROUP, LLC, 112 S. FRENCH STREET, SUITE 105, WILMINGTON DE 19801
Seth Gersch	director	C/O UNITED AMERICA INDEMNITY GROUP, INC., SUITE 605, BALA CYNWYD PA 19004
Joseph W Brown	director	C/O SAFECO, 4333 BROOKLYN AVENUE NE, SEATTLE WA 98185
Reiner Ralf Mauer	officer: Chief Operating Officer	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
David S Charlton	director	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Holt James Richard Jr	director	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Bruce R Lederman	director	2601 OCEAN PARK BLVD. SUITE 320, SANTA MONCICA CA 90405-5216
David C Elliott	officer: Sr. Vice President, Claims	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Stanley K Lam	officer: Senior Vice President	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Saul A Fox	director, 10 percent owner	950 TOWER LANE, SUITE 1150, FOSTER CITY CA 94404
James D Wehr	director	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Stephen Green	officer: President, Wind River Reinsur.	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004
Thomas P. Gibbons	officer: Executive Vice Presdient	3 BALA PLAZA EAST, SUITE 300, BALA CYNWYD PA 19004