Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 53

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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)Acquisition costs(40,900)(6,012)64 (46,848)Other underwriting expenses(4,861)(1,620)— (6,481)Deposit interest expense, net(124)— — (124)Underwriting income (loss)11,194 (1,490)(1,595)8,109 Reconciliation to income before income taxes:Net investment income5,629 431 4,410 10,470 Corporate and other expenses— (602)(4,153)(4,755)Income (loss) from investment in Solasglas(18,276)(18,276)Foreign exchange gains (losses)6,271 6,271 Interest expense(1,144)(1,144)Income (loss) before income taxes$16,823 $(1,661)$(14,487)$675 Additional information:Net loss and LAE incurred:  Attritional losses$(78,017)$(12,713)$97 $(90,633)  Large event losses(6,399)— — (6,399)  CAT event losses— — — —   Prior year favorable (adverse) loss development941 (2,531)(1,457)(3,047)Total net loss and LAE incurred$(83,475)$(15,244)$(1,360)$(100,079)Total allocated assets (1)$485,330 $146,198 $1,556,496 $2,188,024 (1) The Company does not allocate assets to reporting segments, with the exception of restricted cash used to collateralized certain reinsurance transactions, including FAL, and  Innovations-related private investments. 

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Three months ended June 30, 2024:Open MarketInnovationsCorporateTotal ConsolidatedGross premiums written$143,311 $25,319 $345 $168,975 Net premiums written$131,585 $22,212 $346 $154,143 Net premiums earned$125,865 $25,348 $7,185 $158,398 Net loss and LAE incurred(73,403)(13,634)(14,996)(102,033)Acquisition costs(40,511)(8,406)(1,537)(50,454)Other underwriting expenses(4,816)(