secwatch.observer — SEC 8-K summary
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Issuer:     GREENLIGHT CAPITAL RE, LTD. (GLRE)
CIK:        0001385613
Form:       8-K
Filed at:   2025-03-10T23:59:59+00:00
Accession:  0001385613-25-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1385613/000138561325000011/0001385613-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1385613/000138561325000011/glre-20250310.htm
  HTML page:      https://secwatch.observer/filing/0001385613-25-000011

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