Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 16

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 16
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897 27 %9,873 22 %$1,024 Financial2,687 13 %2,246 9 %441 3,729 9 %1,663 4 %2,066 Health939 4 %511 2 %428 2,312 6 %1,108 2 %1,204 Multiline11,129 52 %14,990 59 %(3,861)23,153 57 %28,323 62 %(5,170)Specialty1,403 7 %2,648 10 %(1,245)300 1 %4,578 10 %(4,278)Total$21,386 100 %$25,348 100 %$(3,962)40,391 100 %45,545 100 %$(5,154)

Net premiums earned in Q2 2025 decreased by $4.0 million or 15.6%, compared to Q2 2024. Net premiums earned in YTD 2025 decreased by $5.2 million or 11.3%, compared to YTD 2024. The change relates to the amount and timing of net premiums written during the current year and prior years.  

For the multiline business, the non-renewal of certain treaties also contributed to the decline in net premiums earned in Q2 2025 and YTD 2025.

For the specialty line, revisions to our ultimate premiums written for certain treaties, which were previously earned, also contributed to the decrease in net premiums earned in Q2 2025 and YTD 2025.

35

Loss ratio

The components of the loss ratio were as follows:

Three months ended June 30Six months ended June 302025% Point Change20242025% Point Change2024Current year:  Attritional loss ratio59.4 %(0.8)60.3 %58.5 %(3.9)62.4 %  Large event loss ratio— %— — %— %— — %  CAT event loss ratio— %— — %— %— — %Current year loss ratio59.4 %(0.8)60.3 %58.5 %(3.9)62.4 %Prior year reserve development