GLRE

Strong Q1 results: Greenlight Capital Re reported Q1 net income of $35.8 million and a 4.7% increase in fully diluted book value per share to $21.40, driven by a 6.8% quarterly return in its Solasglas portfolio and underwriting income that produced a combined ratio of 96.0% (including a $5 million provision tied to the Middle East conflict). Business mix and premiums: Management stayed disciplined amid softening reinsurance rates, causing open-market re-net written premiums to fall 22.7% to $151.3 million and prompting non-renewal of certain Japanese catastrophe business, while the Innovation segment grew gross written premiums 73% to $47.6 million but posted an underwriting loss with a 102.3% combined ratio. Investments and capital return: The Solasglas fund returned 6.8% in Q1 (shorts contributed most of the gain), net exposure was about 41% at quarter-end, and the company repurchased ~$14.5 million of shares YTD and authorized a new $40 million buyback program. Interested in Greenlight Capital Re, Ltd.? Here are five stocks we like better. Greenlight Capital Re (NASDAQ:GLRE) reported first-quarter 2026 net income of $35.8 million, as strong investment performance and an underwriting profit drove a 4.7% increase in fully diluted book value per share to $21.40, management said on the company’s earnings call. Chief Executive Officer Greg Richardson said results were supported by a 6.8% quarterly return in the company’s Solasglas investment portfolio and underwriting income of $6.2 million, which produced a combined ratio of 96.0%. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries Richardson said the first-quarter underwriting result included a $5 million provision “linked to the Middle East conflict,” which he said added 3.2 points to the combined ratio. He described the situation as “fluid,” noting that while a ceasefire was in place, “significant uncertainty remains.” Richardson said the company received “an immaterial amount of formal loss notifications” in the quarter and elected to set a general provision given the uncertainty. Chief Financial Officer Faramarz Romer said total underwriting income was $6.2 million, and the combined ratio was 96%, which he said was 8.6 points better than the first quarter of 2025. Romer attributed the year-over-year improvement primarily to lower catastrophe and event losses and favorable loss dev...

Net income was primarily driven by a 6.8% return in the Solasglas investment portfolio, which outperformed during a period where the S&P 500 declined 4.4%. Underwriting profitability was maintained with a 96.0% combined ratio, despite a $5 million general provision established for potential Middle East conflict losses due to high situational uncertainty. Management is intentionally non-renewing direct Japanese catastrophe business and other Open Market lines where significant rate decreases have eroded margin potential. The Innovations segment is being positioned as a primary growth engine, benefiting from organic client expansion and the ability to influence terms in more favorable rate environments. A strategic shift in the Open Market segment led to a 22.7% decrease in net written premiums as the company exited underperforming casualty books and adjusted specialty property contracts. The company is prioritizing capital preservation and maintaining 'dry powder' in the investment portfolio, ending April with a reduced net exposure of approximately 30%. Open Market reinsurance written premiums are expected to trend lower throughout the year as management maintains discipline in a softening global market. Innovations segment premium is projected to continue increasing, supported by a strong pipeline of new business and exposure growth in existing casualty and financial lines. Investment strategy remains cautious with a focus on dedollarization hedges like gold and specific equity turnarounds where management sees potential for earnings to double. Capital allocation will remain deliberate, utilizing a new $40 million share repurchase authorization to address the stock's discount to book value. Management expects elevated dividend income from maritime holdings like DHT Holdings, driven by day rates reaching five times long-term averages. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. A $5 million general provision was recorded for the Middle East conflict; while formal loss notifications are currently immaterial, the fluid nature of the conflict remains a headwind. The company increased its Innovations whole account retrocession ceded share from 28.5% to 33% to manage risk amid rapid segment growth. While Kyndryl Holdings was a top detractor for the quarter...

GRAND CAYMAN, Cayman Islands, May 05, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the first quarter March 31, 2026. First quarter 2026 Highlights (all comparisons are to first quarter 2025 unless noted otherwise): Gross premiums written decreased 8% to $227.9 million; Net premiums earned decreased 8% to $154.1 million; Net underwriting income of $6.2 million, compared to an underwriting loss of $7.8 million; Combined ratio of 96.0%, compared to 104.6%; Total investment income of $40.4 million, compared to $40.5 million; Net income of $35.8 million, or $1.05 per diluted ordinary share, compared to net income of $29.6 million, or $0.86 per diluted ordinary share; Repurchased $5 million of ordinary shares at an average cost of $16.70 per share; and Fully diluted book value per share increased 4.7% to $21.40, from $20.43 at December 31, 2025. During April 2026, the Company repurchased an additional $9.5 million of ordinary shares at an average price of $18.38 per share. Greg Richardson, Chief Executive Officer of Greenlight Re, stated, “We have had a good start to the year with both sides of our balance sheet contributing to growth in book value per share. Our underwriting book continues to demonstrate disciplined profitability with a combined ratio of 96.0%.” David Einhorn, Chairman of the Board of Directors, said, “The Solasglas investment portfolio gained a solid 6.8% in the first quarter during a choppy period for the market. The Company continues its capital allocation discipline and repurchased, through April, approximately 2.4% of its shares to capture the discount being offered in the market.” Greenlight Capital Re, Ltd. First Quarter 2026 Earnings Call Greenlight Re will host a live conference call to discuss its financial results on Wednesday, May 6, 2026, at 9:00 a.m. Eastern Time. Dial-in details: U.S. toll free 1-877-407-9753 International 1-201-493-6739 The conference call can also be accessed via webcast at: https://event.webcasts.com/starthere.jsp?ei=1731021&tp_key=f4c1d589f0 A telephone replay will be available following the call through May 12, 2026. The replay of the call may be accessed by dialing 1-877-660-6853 (U.S. toll free) or 1-201-612-7415 (international), access code 13755435. An audio file of the call will also be available on the Comp...

GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Greenlight Capital Re Ltd. (GLRE) on Tuesday reported profit of $35.8 million in its first quarter. The Grand Cayman, Cayman Islands-based company said it had profit of $1.05 per share. The property and casualty reinsurance service provider posted revenue of $189.7 million in the period. Its adjusted revenue was $160.9 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLRE at https://www.zacks.com/ap/GLRE

GRAND CAYMAN, Cayman Islands, April 27, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the first quarter ended March 31, 2026, after the market closes on Tuesday, May 5, 2026. A live conference call to discuss the financial results will be held on Wednesday, May 6, 2026, at 9:00 a.m. Eastern Time. Conference Call Details To participate in the Greenlight Re First Quarter 2026 Earnings Call, please dial in to the conference call at: U.S. toll free 1-877-407-9753 International 1-201-493-6739 The conference call can also be accessed via webcast at: https://event.webcasts.com/starthere.jsp?ei=1731021&tp_key=f4c1d589f0 A telephone replay will be available following the call through May 12, 2026. The replay of the call may be accessed by dialing 1-877-660-6853 (U.S. toll free) or 1-201-612-7415 (international), access code 13755435. An audio file of the call will also be available on the Company’s website, www.greenlightre.com. About Greenlight Capital Re, Ltd. Greenlight Re (www.greenlightre.com) provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland, and its Lloyd’s platform, Greenlight Innovation Syndicate 3456. The Company complements its underwriting activities with a non-traditional investment approach designed to achieve higher rates of return over the long term than reinsurance companies that exclusively employ more traditional investment strategies. The Company’s innovations unit, Greenlight Re Innovations, supports technology innovators in the (re)insurance space by providing investment capital, risk capacity, and access to a broad insurance network. Investor Relations Contact Jeremy Hellman Vice President, The Equity Group Inc. (212) 836-9626 [email protected]

This article first appeared on GuruFocus. Net Underwriting Profit (Q4 2025): $13 million, combined ratio of 92.1%. Investment Return (Q4 2025): $36 million, 7.9% gain from Solasglas. Net Income (Q4 2025): $49.3 million. Net Income (Full-Year 2025): $74.8 million. Underwriting Profit (Full-Year 2025): $35.7 million, combined ratio of 94.6%. Fully Diluted Book Value Per Share (End of 2025): $20.43, a 13.8% increase. Net Investment Income (Q4 2025): $44.8 million. Open Market Segment Pre-Tax Income (Q4 2025): $28.2 million. Open Market Segment Net Written Premiums Growth (Q4 2025): 9% to $123.6 million. Innovations Segment Gross Written Premiums Growth (Q4 2025): 80% to $37.1 million. Share Repurchases (Full-Year 2025): $9.8 million at an average price of $13.76 per share. Debt Reduction (2025): Reduced debt leverage ratio from 9.5% to 0.7%. Warning! GuruFocus has detected 6 Warning Sign with GLRE. Is GLRE fairly valued? Test your thesis with our free DCF calculator. Release Date: March 10, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Greenlight Capital Re Ltd (NASDAQ:GLRE) reported a strong net underwriting profit of $13 million for Q4 2025, with a combined ratio of 92.1%. The company achieved a strong investment return from Solasglas of $36 million, or a 7.9% gain, contributing to a net income of $49.3 million for the quarter. GLRE's open market book delivered a 90.7 combined ratio, driven by strong core profitability and relatively benign catastrophe and large loss activity. The company successfully renewed its Outwards Innovations Whole Account Quota Share Treaty with improved terms and increased cession from 28% to 33%. GLRE's fully diluted book value per share increased by 13.8% for the year, reaching $20.43, indicating strong shareholder value growth. GLRE recorded a modest underwriting loss of $0.4 million in its innovations book for Q4 2025, with a combined ratio of 101.7%. The company faced a large loss of $2.1 million on a surety account, impacting its innovations segment. GLRE's property book saw significant weakening, with rates down 12%, indicating challenges in maintaining profitability in this segment. The company's expense ratio increased by 1.8 points due to higher variable performance-based compensation. GLRE's innovations segment reported a combined ratio of 100.2% for the year, re...

GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Greenlight Capital Re Ltd. (GLRE) on Monday reported net income of $49.3 million in its fourth quarter. On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had net income of $1.44. The property and casualty reinsurance service provider posted revenue of $210.3 million in the period. Its adjusted revenue was $174.1 million. For the year, the company reported profit of $74.8 million, or $2.17 per share. Revenue was reported as $694.1 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GLRE at https://www.zacks.com/ap/GLRE

Improves Q4 Combined Ratio to 92.1%, Achieves Record Full-Year Underwriting Income. GRAND CAYMAN, Cayman Islands, March 09, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the fourth quarter and year ended December 31, 2025. Fourth Quarter 2025 Highlights (all comparisons are to fourth quarter 2024 unless noted otherwise): Gross premiums written increased 12% to $161.3 million; Net premiums earned increased 12% to $165.6 million; Net underwriting income of $13.0 million, compared to an underwriting loss of $18.0 million; Combined ratio of 92.1%, compared to 112.1%; Total investment income of $44.8 million, compared to $2.6 million; Net income of $49.3 million, or $1.44 per diluted ordinary share, compared to a net loss of $27.4 million, or $(0.81) per diluted ordinary share; Repurchased $2.8 million of shares at an average cost of $14.02 per share; and Fully diluted book value per share increased 8.1% to $20.43, from $18.90 at September 30, 2025. Year ended December 31, 2025 Highlights (all comparisons are to the same period in 2024): Gross premiums written increased 11% to $773.3 million; Net premiums earned increased 7% to $661.1 million; Net underwriting income of $35.7 million compared to an underwriting loss of $8.2 million; Combined ratio of 94.6%, compared to 101.4%; Total investment income of $60.2 million, compared to $79.6 million; Net income of $74.8 million, or $2.17 per diluted ordinary share, compared to $42.8 million, or $1.24 per diluted ordinary share; Repurchased $9.8 million of shares at an average cost of $13.76 per share; and Fully diluted book value per share increased 13.8% to $20.43, from $17.95 at December 31, 2024. Greg Richardson, Chief Executive Officer of Greenlight Re, stated, “We are proud of our fourth quarter 2025 underwriting results, which resulted in a combined ratio of 92.1%, allowing us to close the year with a record underwriting income and a combined ratio of 94.6%. Growth in gross premiums written and net premiums earned, coupled with our expanded investment income and our strong combined ratio, resulted in book value growth of 8.1% in the fourth quarter.” David Einhorn, Chairman of the Board of Directors, said, “Greenlight Re had a solid year, with good results on both sides of the balance sheet; it grew fully-diluted book...

Delivered record annual underwriting income of $35.7 million, marking a significant shift toward consistent profitability with 10 of the last 12 quarters being profitable. Achieved an AM Best rating upgrade to 'A', which management credits to disciplined risk-taking and a strengthened balance sheet, enhancing competitive standing in specialty markets. Navigated a softening 1/1 renewal season by leveraging long-term relationships to grow the Funds at Lloyd's book by 21% despite increased market capital. Managed property exposure flat year-over-year in a declining rate environment, resulting in a 7% increase in North Atlantic hurricane occurrence exposure to $139 million. Expanded the Innovations portfolio with 83% premium growth at 1/1, benefiting from a whole account quota share treaty with improved terms and an increased 33% cession. Attributed strong investment returns of 7.9% in Q4 primarily to gold appreciation and a successful exit strategy for Brighthouse Financial via private equity acquisition. Management expressed caution regarding U.S. equity valuations, proactively reducing net investment exposure from 40% at year-end to approximately 29% by February. Expects the Innovation segment's expense ratio to normalize over the next 18 to 24 months as Syndicate 3456 and other initiatives gain operational scale. Anticipates higher yields on collateral assets following the allocation of $100 million to a new fixed-maturity portfolio managed by a third-party specialist. Maintains a cautious stance on Middle East tensions, noting that while war exclusions exist, the company has specific exposure through marine, aviation, and war-on-land covers. Signals intent to be more aggressive with share repurchases to capture the perceived discount between the current share price and the $20.43 book value per share. Strengthened prior-year reserves by $5.5 million on the open market book, primarily driven by casualty programs currently in runoff. Recorded a $2.1 million large loss within the Innovations segment related to a specific surety account, impacting the segment's quarterly combined ratio. Significantly deleveraged the balance sheet, reducing the debt leverage ratio from 9.5% to 0.7% following the repayment of $30 million in debt. Successfully introduced third-party capital into Syndicate 3456 for the first time, serving as external validation of the syndicate's p...

Image source: The Motley Fool. March 10, 2026, 9 a.m. ET Chief Executive Officer — Greg Richardson Chairman — David Einhorn Chief Financial Officer — Faramarz Romer Need a quote from a Motley Fool analyst? Email [email protected] Greg Richardson: Thank you, David. Good morning, everyone, and thank you for joining us. I am pleased to report strong results for both Q4 2025 and full year 2025. We have been indicating for some time the confidence we have in our strategy and our positioning. It is gratifying to see this reflected in our results. In particular, we are making significant progress in generating underwriting profits. Q4 2025 is the tenth quarter out of the last 12 quarters in which we have delivered an underwriting profit. I am excited about Greenlight Capital Re, Ltd.’s potential as we enter 2026. The 2025 was an excellent quarter for Greenlight Capital Re, Ltd. with strong performance in both the underwriting and investment components of our strategy. We reported a net underwriting profit of $13,000,000, or a combined ratio of 92.1%, and a strong investment return from Solasglas of $36,000,000, or a 7.9% gain, driving net income for the quarter of $49,300,000. Our underwriting profit was driven by strong performance on our open market book, which delivered a 90.7 combined ratio. This was driven by strong core profitability, assisted by relatively benign CAT and large-loss activity, partially offset by some prior-year reserve development. On a large-loss side, we booked $2,000,000 of losses in the fourth quarter related to Hurricane Melissa, which made landfall in Jamaica in late October, and $2,700,000 related to an oil refinery fire loss. With regard to prior-year development, we strengthened reserves on our open market book by $5,500,000, driven primarily by casualty programs that are in runoff. Our Innovations book recorded a modest underwriting loss for the quarter of $400,000, or a combined ratio of 101.7%. This was primarily driven by a large loss of $2,100,000 on a surety account. For the full year 2025, we saw solid underwriting performance, with profitable underwriting each quarter except the first quarter, which was hit by the California wildfires. Overall, we delivered record underwriting income for 2025, an underwriting profit of $35,700,000, or a combined ratio of 94.6. Net income for the year was $74,800,000, which drove a 13.8% increase in...

Greenlight Re posted strong Q4 and full-year 2025 results — Q4 net income was $49.3M (EPS $1.44) driven by a $13.0M underwriting profit (combined ratio 92.1%) and $36.2M of gains from the Solasglas Fund; full-year net income was $74.8M with record underwriting income of $35.7M and diluted book value per share up 13.8% to $20.43. The Solasglas Fund returned 7.9% in Q4 (outpacing the S&P 500 in the quarter) but 7.5% for 2025 versus the S&P’s 17.9%; management cut net equity exposure to about 29% from ~40% amid valuation concerns and noted year-to-date 2026 performance of 9.8%. Management strengthened the balance sheet and capital return program — repurchasing $9.8M of shares in 2025 with $20.2M of authorization remaining and repaying $30M of debt to finish the year with $5M outstanding (leverage 0.7%) — while growing Funds at Lloyd’s ~21% and noting mixed renewal trends (specialty rates down ~11% with book +6%; property rates down ~12% with higher exposure). Interested in Greenlight Capital Re, Ltd.? Here are five stocks we like better. Greenlight Capital Re (NASDAQ:GLRE) reported strong fourth-quarter and full-year 2025 results, driven by underwriting profitability and a solid quarter for its investment portfolio managed through the Solasglas Fund, according to management’s prepared remarks on the company’s earnings call. For the fourth quarter of 2025, the company posted net income of $49.3 million, or $1.44 per diluted share. Management reported net underwriting profit of $13.0 million, producing a combined ratio of 92.1%. The company also recorded $36.2 million of investment income from Solasglas, which delivered a 7.9% return for the quarter, contributing to total net investment income of $44.8 million. → Microsoft Positioned to Win AI Race With Dual-Model Strategy CEO Greg Richardson said the quarter marked the “10th quarter out of the last 12 quarters” in which the company delivered an underwriting profit, and highlighted progress in generating underwriting profits as a key element of the company’s strategy. Richardson said the underwriting profit was primarily driven by the open market book, which posted a 90.7 combined ratio. He attributed results to strong core profitability and relatively benign catastrophe and large-loss activity, partially offset by prior-year reserve development. The company reported large losses in the quarter that included $2.0...