Greenlight Capital Re (GLRE)
NASDAQ:GLRE
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally positive operating quarter driven by strong investment performance (notably Solasglas), a solid underwriting profit and meaningful improvement in combined ratios versus the prior year. Growth in the Innovations segment and active capital returns (share repurchases and a new $40M authorization) were constructive. Offsetting items include a Q1 underwriting shortfall in Innovations (combined ratio >100%), a sizable decline in Open Market written premiums amid a soft reinsurance market, geopolitical uncertainty (a $5M provision for the Middle East), and several individual investment detractors. Overall, the positives (net income, book value growth, strong investment returns, and underwriting improvement) outweigh the negatives, though risks remain from market softness and geopolitical exposure.Company Guidance
Net Income and Book Value Growth
Reported net income of $35.8 million in Q1 2026 ($1.05 per diluted share). Fully diluted book value per share increased 4.7% to $21.40 for the quarter.
Strong Investment Performance (Solasglas)
Solasglas returned 6.8% in Q1 2026 (contributing $33.7 million of investment income for the quarter) and returned 0.4% in April bringing YTD return to 7.2% through April. Long portfolio, short portfolio and macro all contributed to performance (long +1.0%, short +5.7%, macro +1.2% in Q1).
Underwriting Profit and Combined Ratio Improvement
Underwriting profit of $6.2 million in Q1 2026, delivering a combined ratio of 96.0%, an improvement of 8.6 percentage points versus Q1 2025. Favorable reserve development contributed ~4.1 points of improvement and lower catastrophe/event losses contributed materially to the improvement.
Open Market Segment Profitability
Open Market reported pretax income of $11.9 million (underwriting income $6.8 million and investment income $5.1 million) and an improved combined ratio of 94.8% (an 11.2 point improvement YoY), reflecting favorable loss development and lower cat losses.
Innovations Segment Growth in Premiums
Innovations gross written premiums increased 73% (up $20.1 million) to $47.6 million and net earned premiums increased 32% (up $6.2 million) to $25.2 million, driven by new business and expansion in existing treaties and Syndicate 3456.
Capital Return and Share Repurchase Activity
Returned $14.5 million of capital to shareholders year-to-date via share repurchases (298,701 shares for $5.0 million in Q1 and an additional $9.5 million in April). Board approved a new $40 million repurchase authorization effective May 15, 2026.
Material Improvement in Cat Losses vs Prior Year
First-quarter catastrophe losses were $5 million (including Middle East provision) versus $27 million related to the California wildfires in Q1 2025, contributing meaningfully to combined ratio improvement.
GLRE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GLRE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $17.90 | $17.84 | -0.34% |
Mar 09, 2026 | $14.20 | $14.96 | +5.35% |
Nov 03, 2025 | $12.19 | $11.95 | -1.97% |
Aug 04, 2025 | $12.83 | $13.02 | +1.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Greenlight Capital Re (GLRE) report earnings?
Greenlight Capital Re (GLRE) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Greenlight Capital Re (GLRE) earnings time?
Greenlight Capital Re (GLRE) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLRE EPS forecast?
Currently, no data Available