Global Indemnity Group announced that it will commence a stock repurchase program beginning in the fourth quarter of 2022. Repurchases of up to $32 million of GBLI‘s currently outstanding A Common Shares have been authorized by GBLI’s board of directors. The authorization to repurchase will expire on December 31, 2027. The timing and actual number of shares repurchased, if any, will depend on a variety of factors, including price, general business and market conditions, and alternative investment opportunities.
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