---
schema_version: "secwatch.filing_event.v1"
accession: "0001385613-26-000064"
form_type: "8-K"
ticker: "GLRE"
cik: "0001385613"
company_name: "GREENLIGHT CAPITAL RE, LTD."
filed_at: "2026-05-05T23:59:59+00:00"
generated_at: "2026-05-14T23:18:15.124763+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greenlight Re Q1 net income $35.8M ($1.05 EPS); combined ratio improves to 96.0%

## Summary
- Net income $35.8M ($1.05 diluted EPS) vs $29.6M ($0.86) year ago.
- Combined ratio improved to 96.0% from 104.6%; net underwriting income $6.2M vs loss.
- Gross premiums written fell 8% to $227.9M; net premiums earned also -8% to $154.1M.
- Fully diluted book value per share rose 4.7% to $21.40 from $20.43 at Dec 31, 2025.
- Repurchased $5M in Q1 at avg $16.70; additional $9.5M in April at avg $18.38.

## SEC filing metadata
- accession: 0001385613-26-000064
- form_type: 8-K
- ticker: GLRE
- cik: 0001385613
- company_name: GREENLIGHT CAPITAL RE, LTD.
- filed_at: 2026-05-05T23:59:59+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/1385613/000138561326000064/0001385613-26-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000064/glre-20260505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001385613-26-000064
- JSON: https://secwatch.observer/filing/0001385613-26-000064.json
- Plain text: https://secwatch.observer/filing/0001385613-26-000064.txt

## Source-grounded claims
- claim_id: 242982a323c05105d9b36a31c235b56f0f464661
  claim: GREENLIGHT CAPITAL RE, LTD. reported first quarter March 31, 2026 results: revenue $154.1 million, net income $35.8 million, EPS $1.05.
  evidence_excerpt: Gross premiums written decreased 8% to $227.9 million; • Net premiums earned decreased 8% to $154.1 million; • Net underwriting income of $6.2 million, compared to an underwriting loss of $7.8 million; • Combined ratio of 96.0%, compared to 104.6%; • Total investment income of $40.4 million, compared to $40.5 million; • Net income of $35.8 million, or $1.05 per diluted ordinary share, compared to net income of $29.6 million, or $0.86 per diluted ordinary share; • Repurchased $5 million of ordinary shares at an average cost of $16.70 per share; and • Fully diluted book value per share increased 4.7% to $21.40, from $20.43 at December 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1385613/000138561326000064/0001385613-26-000064-index.htm

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