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Greenlight Capital Re (GLRE)
NASDAQ:GLRE
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.3Last Year’s EPS
0.23Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 0.74%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with strong investment performance and net income growth, but challenges in underwriting due to natural disasters and economic concerns. While investments showed notable gains, there were also some losses and concerns about future economic conditions.Company Guidance
During the Greenlight Capital Re Limited First Quarter 2025 Earnings Conference Call, the company reported net income of $29.6 million, marking an increase in fully diluted book value per share of 5.1%. The Solasglas portfolio delivered a strong investment return of 7.2%, despite the S&P 500 Index declining 4.3% during the same period. However, the company faced an underwriting loss of $7.8 million, equating to a combined ratio of 104.6%, primarily due to a $23.6 million net loss from California wildfires, which added 14 points to the combined ratio. The Innovation segment saw a positive combined ratio of 94.3% and contributed $1.1 million to underwriting income. Meanwhile, the open market segment experienced a pretax loss due to the wildfires but achieved a growth in net written premiums by 16.6%. The company's net exposure in the investment portfolio decreased to about 20%, while the fully diluted book value per share rose to $18.87, an 8.5% increase from the first quarter of 2024.Strong Investment Performance
The Solasglas portfolio returned 7.2% in Q1 2025, contributing significantly to the company's net income and outperformed during a volatile market downturn.
Net Income Growth
Greenlight Re reported net income of $29.6 million in Q1 2025, an increase from $27 million in Q1 2024, with fully diluted book value per share increasing by 5.1% in the quarter.
Innovation Segment Profitability
The Innovation segment reported a pretax income of $0.9 million, with a combined ratio improvement to 94.3% from 99.3% in the previous year.
Positive Contributors in Investment Portfolio
Long investments in Gold, Brighthouse Financial, and Lanxess were the largest positive contributors. Gold appreciated 19% over the quarter.
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 07, 2025 | $13.44 | $13.46 | +0.15% |
Mar 10, 2025 | $13.70 | $13.28 | -3.07% |
Nov 04, 2024 | $13.56 | $14.59 | +7.60% |
Aug 06, 2024 | $12.43 | $12.13 | -2.41% |
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 05, 2025, TBA Not Confirmed.
What is Greenlight Capital Re (GLRE) earnings time?
Greenlight Capital Re (GLRE) earnings time is at Aug 05, 2025, TBA Not 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?
GLRE EPS forecast for the fiscal quarter 2025 (Q2) is 0.3.