Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 137

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 137
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27,151)(22,381)(11,111)Other underwriting expenses(3,682)(2,760)(1,946)Underwriting income (loss)3,580 1,773 (3,024)Net investment income702 (74.3)%2,732 (72.3)%9,869 Corporate and other expenses(2,445)(20.6)%(3,080)(10.8)%(3,452)Income before income taxes$1,837 $1,425 $3,393 Underwriting ratios:2024% Point Change2023% Point Change2022Loss ratio60.1 %(2.4)%62.5 %(7.3)%69.8 %Acquisition cost ratio31.4 %0.2 %31.2 %(2.3)%33.5 %Composite ratio91.5 %(2.2)%93.7 %(9.6)%103.3 %Underwriting expenses ratio4.3 %0.5 %3.8 %(2.1)%5.9 %Combined ratio95.8 %(1.7)%97.5 %(11.7)%109.2 %

Gross Premiums Written

Gross premiums written by line of business were as follows:

% Change2024202320222024 to 20232023 to 2022Casualty$24,843 26.2 %$19,447 21.9 %$5,653 11.1 %27.7 %244.0 %Financial7,800 8.2 %6,955 7.8 %2,617 5.2 %12.1 %165.8 %Health4,631 4.9 %3,998 4.5 %7,201 14.2 %15.8 %(44.5)%Multiline47,311 49.9 %50,490 57.0 %30,816 60.7 %(6.3)%63.8 %Specialty10,140 10.8 %7,712 8.8 %4,452 8.8 %31.5 %73.2 %Total$94,725 100.0 %$88,602 100.