secwatch.observer — SEC 8-K summary
======================================

Issuer:     GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK:        0001385613
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001385613-24-000088
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Greenlight Re Q2 net income drops 84% to $8.0M on weaker investment income
--------------------------------------------------------------------------

- Gross premiums written grew 9.1% to $169.0M; net premiums earned up 13.2% to $158.4M.
- Underwriting income fell to $0.3M from $5.4M; combined ratio worsened to 99.8% from 96.2%.
- Total investment income was $12.6M, down from $42.2M; Solasglas fund returned 1.2%.
- Net income of $8.0M ($0.23 diluted EPS) vs $49.9M ($1.32) a year ago; BV per share rose 1.5% to $17.65.
- U.S. severe convective storm losses from a run-off contract hurt underwriting; 2024 Investor Day set for Nov 19.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385613/000138561324000088/0001385613-24-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385613/000138561324000088/glre-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001385613-24-000088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer