Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 57

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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,055 (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. 

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Three months ended September 30, 2024:Open MarketInnovationsCorporateTotal ConsolidatedGross premiums written$150,331 $18,675 $(660)$168,346 Net premiums written$128,238 $14,170 $(660)$141,748 Net premiums earned$126,577 $21,793 $3,514 $151,884 Net loss and LAE incurred(76,177)(12,223)(4,765)(93,165)Acquisition costs(38,223)(6,963)(976)(46,162)Other underwriting expenses(4,871)(1,202)— (6,073)Deposit interest expense, net(377)— — (377)Underwriting income (loss)6,929 1,405 (2,227)6,107 Reconciliation to income before income taxes:Net investment income9,360 253 841 10,454 Corporate and other expenses— (608)(3,645)(4,253)Income from investment in Solasglas19,844 19,844 Foreign exchange gains (losses)5,826 5,826 Interest expense(2,018)(2,018)Income (loss) before income taxes$16,289 $1,050 $18,621 $35,960 Additional information:Net loss and LAE incurred:  Attritional losses$(71,909)$(12,129)$(552)$(84,590)  Large event losses(2,083)— — (2,083)  CAT event losses(7,500)— (4,647)(12,147)  Prior year favorable (adverse) loss development5,315 (94)434 5,655 Total net loss and LAE incurred$(76,177)$(12,223)$(4,765)$(93,165)Total allocated assets (1)$406,318 $138,526 $1,456,842 $2,001,686 (1) The Company does not allocate assets to reporting segments, with the exception of restricted cash used to collateralized certain reinsurance