Greenlight Capital Re ( (GLRE) ) has released its Q2 earnings. Here is a breakdown of the information Greenlight Capital Re presented to its investors.
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Greenlight Capital Re, Ltd. is a reinsurance company that provides multiline property and casualty insurance through its entities in the Cayman Islands, Ireland, and its Lloyd’s platform, with a focus on innovative investment strategies to enhance returns. In its latest earnings report for the second quarter of 2025, Greenlight Re highlighted a 6.3% increase in gross premiums written, reaching $179.6 million, alongside a net underwriting income of $8.1 million. However, the company faced a total investment loss of $7.8 million, resulting in a net income of $0.3 million for the quarter. The company’s combined ratio improved to 95.0%, demonstrating effective underwriting performance despite investment challenges. Over the first half of 2025, Greenlight Re reported a 10.7% increase in gross premiums written, totaling $427.6 million, and a net income of $30.0 million. The company also managed to increase its fully diluted book value per share by 5.7% to $18.97. Looking ahead, Greenlight Re’s management remains optimistic about the company’s underwriting strength and capital management strategy, aiming for continued shareholder value creation in the second half of the year.