---
schema_version: "secwatch.filing_event.v1"
accession: "0001385613-24-000051"
form_type: "8-K"
ticker: "GLRE"
cik: "0001385613"
company_name: "GREENLIGHT CAPITAL RE, LTD."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:15:16.663195+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greenlight Re reports Q1 net income of $27.0M; gross premiums up 16.5% to $217.3M

## Summary
- Net income $27.0M ($0.78 diluted EPS) vs $5.9M ($0.17) in Q1 2023; underwriting income $3.4M.
- Gross premiums written $217.3M (+16.5% YoY); net premiums earned $161.5M (+13.2%).
- Combined ratio improved to 98.0% from 99.8%; catastrophe losses from Baltimore bridge added 7.7%.
- Investment income $26.4M including $18.2M from Solasglas fund (5.2% return).
- Book value per share $17.39, up 3.9% from $16.74 at Dec 31, 2023.

## SEC filing metadata
- accession: 0001385613-24-000051
- form_type: 8-K
- ticker: GLRE
- cik: 0001385613
- company_name: GREENLIGHT CAPITAL RE, LTD.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385613/000138561324000051/0001385613-24-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385613/000138561324000051/glre-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001385613-24-000051
- JSON: https://secwatch.observer/filing/0001385613-24-000051.json
- Plain text: https://secwatch.observer/filing/0001385613-24-000051.txt

## Key facts
- Earnings Releases
  GREENLIGHT CAPITAL RE, LTD. reported financial results for the first quarter ended March 31, 2024.
  - Period: the first quarter ended March 31, 2024
  - Result: reported results
  source text: On May 8, 2024, Greenlight Capital Re, Ltd. (the "Registrant") issued a press release announcing its financial results for the first quarter ended March 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561324000051/0001385613-24-000051-index.htm
- Earnings Releases
  GREENLIGHT CAPITAL RE, LTD. reported first quarter ended March 31, 2024 results: revenue Gross premiums written increased 16.5% to $217.3 million, net income Net income of $27.0 million, or $0.78 per diluted ordinary share, compared to $5.9 million, or $0.17 per diluted ordinar, EPS $0.78 per diluted ordinary share.
  - Period: first quarter ended March 31, 2024
  - Revenue: Gross premiums written increased 16.5% to $217.3 million
  - Net income: Net income of $27.0 million, or $0.78 per diluted ordinary share, compared to $5.9 million, or $0.17 per diluted ordinar
  - EPS: $0.78 per diluted ordinary share
  - Result: reported results
  source text: be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- GREENLIGHT RE ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million GRAND CAYMAN, Cayman Islands – May 8, 2024 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561324000051/0001385613-24-000051-index.htm

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