earnings
confidence high
sentiment neutral
materiality 0.70
Greenlight Re posts record Q3 combined ratio 86.6%; net loss $4.4M on investment losses
GREENLIGHT CAPITAL RE, LTD.
2025-Q3 EPS reported
$0.74
revenue$519,479,000
- Net underwriting income $22.3M, combined ratio 86.6% (record low) vs 95.9% Q3 2024.
- Total investment loss $17.4M; Solasglas portfolio lost 3.2% in Q3.
- Net loss $4.4M (-$0.13/share) compared to net income $35.2M ($1.01) in Q3 2024.
- Gross premiums written +9.5% to $184.4M; net premiums earned +8.9% to $165.4M.
- Repurchased $2.0M shares at avg $12.88; book value per share $18.90 (-0.4% QoQ).