Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 70

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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25% Change2024Gross premiums written$27,596 9.0 %$25,319 $55,062 (0.6)%$55,387 Net premiums written$22,716 2.3 %$22,212 $46,687 (3.7)%$48,456 Net premiums earned$21,386 (15.6)%$25,348 $40,391 (11.3)%$45,545 Net loss and LAE incurred(15,244)(13,634)(25,590)(26,761)Acquisition costs(6,012)(8,406)(12,045)(14,459)Other underwriting expenses(1,620)(995)(3,181)(1,856)Underwriting income (loss)(1,490)2,313 (425)2,469 Net investment income431 17.8 %366 879 380.3 %183 Corporate and other expenses(602)(25.7)%(810)(1,174)(16.1)%(1,400)Income (loss) before income taxes$(1,661)$1,869 $(720)$1,252 Underwriting ratios:2025% Point Change20242025% Point Change2024Loss ratio71.3 %17.5 53.8 %63.4 %4.6 58.8 %Acquisition cost ratio28.1 %(5.1)33.2 %29.8 %(1.9)31.7 %Composite ratio99.4 %12.4 87.0 %93.2 %2.7 90.5 %Underwriting expenses ratio7.6 %3.7 3.9 %7.9 %3.8 4.1 %Combined ratio107.0 %16.1 90.9 %101.1 %6.5 94.6 %

Gross Premiums Written

Gross premiums written by line of business were as follows:

Three months ended June 30Six months ended June 3020252024Change20252024ChangeCasualty$6,254 23 %$10,006 40 %$(3,752)$12,939 23 %$14,461 26 %$(1,522)