Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 54

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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995)— (5,811)Deposit interest expense, net233 — — 233 Underwriting income (loss)7,368 2,313 (9,348)333 Reconciliation to income before income taxes:Net investment income9,782 366 800 10,948 Corporate and other expenses— (810)(3,896)(4,706)Income from investment in Solasglas4,330 4,330 Foreign exchange gains (losses)(932)(932)Interest expense(1,560)(1,560)Income (loss) before income taxes$17,150 $1,869 $(10,606)$8,413 Additional information:Net loss and LAE incurred:  Attritional losses$(67,763)$(15,275)$(6,382)$(89,420)  Large event losses(5,580)— — (5,580)  CAT event losses— — (7,722)(7,722)  Prior year favorable (adverse) loss development(60)1,641 (892)689 Total net loss and LAE incurred$(73,403)$(13,634)$(14,996)$(102,033)Total allocated assets (1)$402,186 $140,253 $1,357,509 $1,899,948 (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. 

22

Six months ended June 30, 2025:Open MarketInnovationsCorporateTotal ConsolidatedGross premiums written$373,042 $55,062 $(531)$427,573 Net premiums written$337,720 $46,687 $(483)$383,924 Net premiums earned$290,195 $40,391 $(482)$330,104 Net loss and LAE incurred(196,238)(25,590)(1,135)(222,963)Acquisition costs(81,781)(12,045)112 (93,714)Other underwriting expenses(9,658)(3,181)— (12,839)Deposit interest expense, net(273)— — (273)Underwriting income (loss)2,245 (425)(1,505)315