Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 4

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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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 ratio1.9 %(0.4)%2.3 2.2 %1.5 %0.7 Loss ratio61.9 %64.5 %(2.6)67.5 %66.1 %1.4 Acquisition cost ratio29.0 %31.9 %(2.9)28.4 %28.8 %(0.4)Composite ratio90.9 %96.4 %(5.5)95.9 %94.9 %1.0 Underwriting expense ratio4.1 %3.5 %0.6 4.0 %4.0 %— Combined ratio95.0 %99.9 %(4.9)99.9 %98.9 %1.0 

1 The net financial impact associated with changes in the estimate of losses incurred in prior years, which incorporates earned reinstatement premiums assumed and ceded, adjustments to assumed and ceded acquisition costs, and deposit interest income and expense, was a loss of $2.6 million and $0.4 million for the three months ended June 30, 2025 and 2024, respectively, and a loss of $6.1 million  and $5.8