earnings
confidence high
sentiment negative
materiality 0.75
Greenlight Re posts Q2 net loss of $29.6M; enters share repurchase agreement with Einhorn trust
GREENLIGHT CAPITAL RE, LTD.
- Q2 net loss $29.6M ($0.89 diluted EPS) vs net income $0.3M in Q2 2025; combined ratio 100.1% vs 95.0%.
- Total investment loss $23.8M vs loss $7.8M; fully diluted book value per share $20.61, down 3.7% from Q1.
- Entered agreement to repurchase shares from David Einhorn's trust to keep his ownership constant; 33% of open-market repurchases.
- Repurchased $14.2M in Q2 and additional $3.9M through Aug 3 at avg $16.42.
- CEO cites Middle East exposure and reserves; Solasglas returns 1.1% YTD.