---
schema_version: "secwatch.filing_event.v1"
accession: "0001385613-25-000011"
form_type: "8-K"
ticker: "GLRE"
cik: "0001385613"
company_name: "GREENLIGHT CAPITAL RE, LTD."
filed_at: "2025-03-10T23:59:59+00:00"
generated_at: "2026-05-25T01:00:48.319006+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Greenlight Re Q4 net loss $27.4M; underwriting loss $18M, combined ratio 112% vs 91% prior year

## Summary
- Q4 gross written premiums +28% to $143.8M, but net underwriting loss $18M vs $11.8M income in Q4 2023.
- Q4 net loss $0.81 per share vs $0.50 profit; full-year net income $42.8M ($1.24) down from $86.8M ($2.50).
- Full-year combined ratio 101.4% vs 94.5%; underwriting loss driven by Russia-Ukraine aviation reserve strengthening and catastrophe losses (Hurricane Milton, Jeju Air, etc.).
- Book value per share up 7.2% to $17.95; company restructured segments into Open Market and Innovations.
- Chairman reports Solasglas full-year return of 9.8% with year-end net exposure 33%.

## SEC filing metadata
- accession: 0001385613-25-000011
- form_type: 8-K
- ticker: GLRE
- cik: 0001385613
- company_name: GREENLIGHT CAPITAL RE, LTD.
- filed_at: 2025-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1385613/000138561325000011/0001385613-25-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385613/000138561325000011/glre-20250310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001385613-25-000011
- JSON: https://secwatch.observer/filing/0001385613-25-000011.json
- Plain text: https://secwatch.observer/filing/0001385613-25-000011.txt

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