---
schema_version: "secwatch.filing_event.v1"
accession: "0001385613-23-000062"
form_type: "8-K"
ticker: "GLRE"
cik: "0001385613"
company_name: "GREENLIGHT CAPITAL RE, LTD."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T08:41:03.093813+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Greenlight Re reports Q1 net income $5.9M; gross premiums written up 27.8%

## Summary
- Net income $5.9M (diluted EPS $0.17) vs net loss $5.7M in Q1 2022.
- Gross premiums written $186.5M (+27.8% YoY); net premiums earned $142.6M (+13.3%).
- Underwriting income $0.4M vs underwriting loss $7.7M; combined ratio improved to 99.8% from 106.2%.
- Adverse prior-year development $12.0M (8.4 points); catastrophe losses $6.2M (4.3 points) from Turkey earthquake, NZ cyclone, and U.S. storms.
- Fully diluted book value per share rose 1.1% to $14.75; Solasglas fund returned -1.1%.

## SEC filing metadata
- accession: 0001385613-23-000062
- form_type: 8-K
- ticker: GLRE
- cik: 0001385613
- company_name: GREENLIGHT CAPITAL RE, LTD.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385613/000138561323000062/0001385613-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385613/000138561323000062/glre-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001385613-23-000062
- JSON: https://secwatch.observer/filing/0001385613-23-000062.json
- Plain text: https://secwatch.observer/filing/0001385613-23-000062.txt

## Key facts
- Earnings Releases
  GREENLIGHT CAPITAL RE, LTD. reported first quarter ended March 31, 2023 results: revenue $142.6 million, net income $5.9 million, EPS $0.17 per diluted ordinary share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $142.6 million
  - Net income: $5.9 million
  - EPS: $0.17 per diluted ordinary share
  - Result: reported results
  source text: First Quarter 2023 Highlights (all comparisons are to first quarter 2022 unless noted otherwise) : • Gross premiums written increased 27.8% to $186.5 million; • Net premiums earned increased 13.3% to $142.6 million; • Underwriting income of $0.4 million compared to an underwriting loss of $7.7 million; • Net income of $5.9 million, or $0.17 per diluted ordinary share compared to a net loss of $5.7 million, or $(0.17) per diluted ordinary share; • Combined ratio of 99.8%, compared to a combined ratio of 106.2%; • Total investment income of $5.2 million, compared to total investment income of $7.7 million; and • Fully diluted book value per share increased $0.16, or 1.1%, to $14.75, compared to $14.59 on December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561323000062/0001385613-23-000062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.