Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 3

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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ChangeUnderwriting results:Gross premiums written$184,377 $168,346 $16,031 $611,950 $554,579 $57,371 Net premiums written$162,682 $141,748 $20,934 $546,606 $489,968 $56,638 Net premiums earned$165,419 $151,884 $13,535 $495,523 $471,818 $23,705 Net loss and LAE incurred:Current year(87,776)(98,820)11,044 (303,474)(305,467)1,993 Prior year (1)(817)5,655 (6,472)(8,082)943 (9,025)Net loss and LAE incurred(88,593)(93,165)4,572 (311,556)(304,524)(7,032)Acquisition costs(46,962)(46,162)(800)(140,676)(138,226)(2,450)Underwriting expenses(7,472)(6,073)(1,399)(20,311)(18,223)(2,088)Deposit interest expense(94)(377)283 (367)(1,020)653 Net underwriting income22,298 6,107 16,191 22,613 9,825 12,788 Investment results:Income (loss) from investment in Solasglas(14,404)19,844 (34,248)(483)42,422 (42,905)Net investment income (loss)(2,950)10,454 (13,404)15,807 34,580 (18,773)Total investment income (loss)(17,354)30,298 (47,652)15,324 77,002 (61,678)Corporate and other expenses(5,399)(4,253)(1,146)(14,826)(13,334)(1,492)Foreign exchange gains (losses)(1,994)5,826 (7,820)8,632 3,245 5,387 Interest expense(1,430)(2,018)588 (4,038)(4,827)789 Income tax expense(526)(723)197 (2,154)(1,677)(477)Net income (