Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 60

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 (222,963)(211,359)(11,604)Acquisition costs(46,848)(50,454)3,606 (93,714)(92,064)(1,650)Underwriting expenses(6,481)(5,811)(670)(12,839)(12,150)(689)Deposit interest income (expense), net(124)233 (357)(273)(643)370 Net underwriting income8,109 333 7,776 315 3,718 (3,403)Investment results:Income from investment in Solasglas(18,276)4,330 (22,606)13,921 22,578 (8,657)Net investment income10,470 10,948 (478)18,757 24,126 (5,369)Total investment income (loss)(7,806)15,278 (23,084)32,678 46,704 (14,026)Corporate and other expenses(4,755)(4,706)(49)(9,427)(9,081)(346)Foreign exchange gains (losses)6,271 (932)7,203 10,626 (2,581)13,207 Interest expense(1,144)(1,560)416 (2,608)(2,809)201 Income tax expense(346)(435)89 (1,628)(954)(674)Net income$329 $7,978 $(7,649)$29,956 $34,997 $(5,041)Diluted earnings per share$0.01 $0.23 $(0.22)$0.87 $1.01 $(0.14)Underwriting ratios:% Point Change% Point ChangeAttritional loss ratio56.0 %56.5 %(0.5)55.0 %56.6 %(1.6)Large event loss ratio4.0 %3.5 %0.5 2.1 %2.5 %(0.4)CAT event loss ratio— %4.9 %(4.9)8.2 %5.5 %2.7 Current year loss ratio60.0 %64.9 %(4.9)65.3 %64.6 %0.7 Prior year reserve development