Earnings summaries and quarterly performance for GREENLIGHT CAPITAL RE.
Executive leadership at GREENLIGHT CAPITAL RE.
Greg Richardson
Detailed
Chief Executive Officer
CEO
BO
Brian O’Reilly
Detailed
Head of Innovations
DS
David Sigmon
Detailed
General Counsel, Chief Compliance Officer and Corporate Secretary
FR
Faramarz Romer
Detailed
Chief Financial Officer
PO
Patrick O’Brien
Detailed
Chief Operating Officer & Chief Executive Officer, GRIL
RS
Richard Strommer
Detailed
Chief Actuary
TC
Thomas Curnock
Detailed
Group Chief Underwriting Officer
Board of directors at GREENLIGHT CAPITAL RE.
BM
Bryan Murphy
Detailed
Director
DR
Daniel Roitman
Detailed
Director
DE
David Einhorn
Detailed
Chair of the Board
II
Ian Isaacs
Detailed
Director
JF
Johnny Ferrari
Detailed
Director
JP
Joseph Platt
Detailed
Lead Independent Director
LG
Leonard Goldberg
Detailed
Director
UF
Ursuline Foley
Detailed
Director
VG
Victoria Guest
Detailed
Director
Research analysts who have asked questions during GREENLIGHT CAPITAL RE earnings calls.
Recent press releases and 8-K filings for GLRE.
Greenlight Capital Re Reports Strong Q4 and Full-Year 2025 Results with Underwriting Profit and Book Value Growth
GLRE
Earnings
Share Buyback
Debt Issuance
- Greenlight Capital Re reported a net income of $49.3 million for Q4 2025 and $74.8 million for the full year 2025, driving a 13.8% increase in fully diluted book value per share to $20.43.
- The company achieved a net underwriting profit of $13 million with a 92.1% combined ratio in Q4 2025, contributing to a record full-year underwriting income of $35.7 million and a 94.6% combined ratio. The Solasglas Fund delivered a 7.9% gain in Q4 2025 and a 7.5% return for the full year.
- Greenlight Re repurchased $9.8 million of shares in 2025 and reduced its debt leverage ratio from 9.5% to 0.7% by repaying $30 million of debt in Q4 2025. The company also received an AM Best rating upgrade to A in November.
2 days ago
Greenlight Capital Re Reports Strong Q4 and Full Year 2025 Results
GLRE
Earnings
Share Buyback
New Projects/Investments
- Greenlight Re reported strong financial results for Q4 2025 and full year 2025, with net income of $49.3 million in Q4 and $74.8 million for the full year.
- The company achieved a net underwriting profit of $13 million in Q4 2025, resulting in a combined ratio of 92.1%, and a record underwriting income of $35.7 million for the full year 2025 with a combined ratio of 94.6%.
- The Solasglas Fund delivered a 7.9% gain in Q4 2025 and a 7.5% return for the full year 2025, driving significant investment income.
- Fully diluted book value per share increased by 13.8% to $20.43 for the year ended December 31, 2025, and the company received an AM Best rating upgrade to A in November.
- Greenlight Re repurchased $9.8 million in shares during 2025 and reduced its debt leverage ratio from 9.5% to 0.7% by repaying $30 million of debt.
2 days ago
Greenlight Capital Re Reports Strong Q4 and Full Year 2025 Results
GLRE
Earnings
Share Buyback
New Projects/Investments
- Greenlight Capital Re reported strong Q4 2025 results, with net income of $49.3 million and an underwriting profit of $13 million, resulting in a 92.1% combined ratio. For the full year 2025, the company achieved record underwriting income of $35.7 million and net income of $74.8 million, driving a 13.8% increase in fully diluted book value per share to $20.43.
- The company demonstrated operational strength, achieving an underwriting profit in 10 out of the last 12 quarters and receiving an AM Best rating upgrade from A- to A in November. The 1/1 renewal season saw the Funds at Lloyd's book grow by 21%, the specialty book by 6%, and innovations business premium increase by 83%.
- GLRE significantly reduced its debt, repaying $30 million in Q4 2025, bringing outstanding debt to $5 million and reducing the debt leverage ratio from 9.5% to 0.7%. The Solasglas Fund generated a 7.9% return in Q4 2025 and a 7.5% return for the full year 2025, with a year-to-date 2026 return of 9.8% as of February. The company also repurchased $9.8 million in shares during 2025 and has $20.2 million remaining under its authorization.
2 days ago
Greenlight Re Announces Strong Q4 and Full-Year 2025 Financial Results
GLRE
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Greenlight Re reported net income of $49.3 million, or $1.44 per diluted ordinary share, for Q4 2025, and $74.8 million, or $2.17 per diluted ordinary share, for the full year ended December 31, 2025.
- The company achieved a record full-year underwriting income of $35.7 million and significantly improved its combined ratio to 94.6% for the year ended December 31, 2025, compared to 101.4% in 2024.
- Fully diluted book value per share increased 13.8% to $20.43 at December 31, 2025, from $17.95 at December 31, 2024.
- During the year ended December 31, 2025, Greenlight Re repurchased $9.8 million of shares at an average cost of $13.76 per share.
3 days ago
Greenlight Re Announces Q4 and Full-Year 2025 Financial Results
GLRE
Earnings
Share Buyback
Revenue Acceleration/Inflection
- Greenlight Re reported net income of $49.3 million, or $1.44 per diluted ordinary share, for Q4 2025, a significant improvement from a net loss in the prior year period. For the full year 2025, net income was $74.8 million, or $2.17 per diluted ordinary share.
- The company achieved a Q4 2025 combined ratio of 92.1%, improving from 112.1% in Q4 2024, and a full-year 2025 combined ratio of 94.6%, leading to record full-year underwriting income.
- Fully diluted book value per share increased 8.1% in Q4 2025 to $20.43 and grew 13.8% for the full year 2025.
- Gross premiums written increased 12% to $161.3 million in Q4 2025 and 11% to $773.3 million for the full year 2025. The company also repurchased $9.8 million of shares in 2025.
3 days ago
Greenlight Re Subsidiaries Receive AM Best Rating Upgrade to "A" (Excellent)
GLRE
- AM Best has upgraded the Financial Strength Rating (FSR) of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC to "A" (Excellent) from "A-" (Excellent).
- The Long-Term Issuer Credit Rating (ICR) for these subsidiaries was also upgraded to "a" (Excellent) from "a-" (Excellent).
- Concurrently, the Long-Term ICR of Greenlight Capital Re, Ltd. was upgraded to "bbb" (Good) from "bbb-" (Good), with all credit rating outlooks revised to stable from positive.
- AM Best noted that the ratings upgrade reflects the Company's very strong balance sheet, adequate operating performance, neutral business profile, and appropriate enterprise risk management.
Nov 13, 2025, 1:45 PM
Greenlight Re Reports Q3 2025 Net Loss Amid Strong Underwriting and Investment Challenges
GLRE
Earnings
Share Buyback
Debt Issuance
- Greenlight Re (GLRE) reported a net loss of $4.4 million, or negative $0.13 per diluted share, for Q3 2025, bringing year-to-date net income to $25.6 million.
- The company achieved a record quarterly combined ratio of 86.6%, resulting in $22.3 million of underwriting income, with the open market segment's combined ratio improving 10 points to 84.5%.
- Investment performance for the quarter resulted in a $17.4 million loss, including a 3.2% decline in the Solasglas portfolio and an $11.3 million net unrealized loss on the innovations investment portfolio due to a $16.4 million write-down of a single investment.
- GLRE's net written premiums grew 9.5% in the open market segment and 57.5% in the innovation segment. The company also repurchased 512,000 shares for $7 million year-to-date and reduced its debt leverage ratio to 5.3% after refinancing its term loan.
Nov 4, 2025, 2:00 PM
GLRE Reports Q3 2025 Net Loss Amid Strong Underwriting and Investment Losses
GLRE
Earnings
Debt Issuance
Share Buyback
- Greenlight Capital Re Limited (GLRE) reported a net loss of $4,400,000 in Q3 2025, bringing its year-to-date net income to $25,600,000. Fully diluted book value per share decreased 0.4% in the quarter to $18.9.
- The company achieved its best quarterly combined ratio of 86.6%, which translated to a record $22,300,000 of underwriting income. The Open Market segment delivered an 84.5% combined ratio, while the Innovations book delivered a 96.7% combined ratio.
- Investment performance resulted in a loss of $17,400,000 for the quarter. This included a 3.2% decline in the SolasGlass portfolio and a net unrealized loss of $11,300,000 on the Innovations investment portfolio, primarily due to a $16,400,000 write-down of its highest valued investment.
- Net written premiums saw significant growth, with the Open Market segment growing 9.5% to $140,400,000 and the Innovation segment growing 57.5% to $22,300,000.
- GLRE refinanced its term loan with a five-year $50,000,000 revolving line of credit and reduced its debt leverage ratio to 5.3% from 9.5% at the beginning of the year. The company also repurchased 512,000 shares for $7,000,000 during the first nine months of 2025.
Nov 4, 2025, 2:00 PM
Greenlight Re Announces Q3 2025 Results
GLRE
Earnings
New Projects/Investments
Share Buyback
- Greenlight Re (GLRE) reported a net loss of ($4.4) million and a Return on Equity of (0.7)% for Q3 2025.
- The company achieved a record-low combined ratio of 86.6% in Q3 2025, resulting in net underwriting income of $22.3 million.
- Gross Premiums Written increased to $184.4 million in Q3 2025 , with the Innovations segment's gross premiums written increasing 57.4% compared to Q3 2024.
- Fully Diluted Book Value Per Share stood at $18.90 as of Q3 2025.
Nov 4, 2025, 2:00 PM
Greenlight Capital Re Reports Q3 2025 Financial Results
GLRE
Earnings
Share Buyback
- Greenlight Capital Re reported a net loss of $4.4 million, or -$0.13 per diluted ordinary share, for the third quarter ended September 30, 2025, primarily due to a total investment loss of $17.4 million.
- The company achieved a record quarterly underwriting income of $22.3 million, resulting in a combined ratio of 86.6%, which is the lowest in its history.
- Gross premiums written increased 9.5% to $184.4 million in the third quarter of 2025.
- Fully diluted book value per share decreased 0.4% to $18.90 at September 30, 2025, from $18.97 at June 30, 2025.
- Greenlight Capital Re repurchased $2.0 million of shares at an average cost of $12.88 per share during the third quarter of 2025.
Nov 3, 2025, 9:20 PM
Quarterly earnings call transcripts for GREENLIGHT CAPITAL RE.
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