v3.26.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Shareholders' Equity

10. Shareholders' Equity

 

Repurchases of the Company's class A common shares

 

No class A common shares were surrendered, repurchased, or redeemed during the quarters ended March 31, 2026 and 2025. As of March 31, 2026, the Company’s remaining authorization to repurchase shares is $101.0 million.

 

Please see Note 13 of the notes to the consolidated financial statements in Item 8 of Part II of the Company’s 2025 Annual Report on Form 10-K for more information on the Company’s repurchase program.

Distributions

 

Quarterly distribution payments of $0.35 per common share were declared during the quarter ended March 31, 2026 as follows:

 

Approval Date

 

Record Date

 

Payment Date

 

Total Distributions Declared
(Dollars in thousands)

 

March 5, 2026

 

March 20, 2026

 

March 30, 2026

 

$

5,023

 

Total

 

 

 

 

 

$

5,023

 

 

Quarterly distribution payments of $0.35 per common share were declared during the quarter ended March 31, 2025 as follows:

 

Approval Date

 

Record Date

 

Payment Date

 

Total Distributions Declared
(Dollars in thousands)

 

March 6, 2025

 

March 21, 2025

 

March 28, 2025

 

$

4,990

 

Total

 

 

 

 

 

$

4,990

 

In addition, distributions paid to Global Indemnity Group, LLC's preferred shareholder were $0.1 million in each of the quarters ended March 31, 2026 and 2025.

There were no accrued distributions related to common shares as of March 31, 2026 and December 31, 2025. Accrued preferred distributions were less than $0.1 million as of both March 31, 2026 and December 31, 2025 and were included in other liabilities on the consolidated balance sheets.

Please see Note 13 of the notes to the consolidated financial statements in Item 8 of Part II of the Company’s 2025 Annual Report on Form 10-K for more information on the Company’s distribution program.