Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 132

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 132
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511,922 9.7 %$466,751 13.6 %$410,877 Net loss and LAE incurred(341,586)(262,290)(268,659)Acquisition costs(144,852)(136,356)(125,296)Other underwriting expenses(19,175)(16,827)(11,867)Deposit interest expense, net(1,228)(2,687)(6,717)Underwriting income (loss)5,081 48,591 (1,662)Net investment income42,629 14.1 %37,351 662.6 %4,898 Income before income taxes$47,710 $85,942 $3,236 Underwriting ratios:2024% Point Change2023% Point Change2022Loss ratio66.7 %10.5 %56.2 %(9.2)%65.4 %Acquisition cost ratio28.3 %(0.9)%29.2 %(1.3)%30.5 %Composite ratio95.0 %9.6 %85.4 %(10.5)%95.9 %Underwriting expenses ratio4.0 %(0.2)%4.2 %(0.3)%4.5 %Combined ratio99.0 %9.4 %89.6 %(10.8)%100.4 %

Gross Premiums Written

Gross premiums written by line of business were as follows:

% Change2024202320222024 to 20232023 to 2022Casualty$92,471 15.3 %$86,081 17.1 %$82,524 18.2 %7.4 %4.3 %Financial63,679 10.5 %46,296 9.2 %63,452 14.0 %37.5 %(27.0)%Health217 — %224 — %227 0.1 %(3.1)%(1.3)%Multiline181,140 30.0 %198,037 39.3 %205,743 45.5 %(8.5)%(3.7)%Property87,922 14.6 %75,820 15.0 %31,347 6.9