Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 55

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 Reconciliation to income before income taxes:Net investment income11,400 879 6,478 18,757 Corporate and other expenses— (1,174)(8,253)(9,427)Income from investment in Solasglas13,921 13,921 Foreign exchange gains (losses)10,626 10,626 Interest expense(2,608)(2,608)Income (loss) before income taxes$13,645 $(720)$18,659 $31,584 Additional information:Net loss and LAE incurred:  Attritional losses$(158,177)$(23,626)$211 $(181,592)  Large event losses(7,090)— — (7,090)  CAT event losses(27,016)— — (27,016)  Prior year favorable (adverse) loss development(3,955)(1,964)(1,346)(7,265)Total net loss and LAE incurred$(196,238)$(25,590)$(1,135)$(222,963)Total allocated assets (1)$485,330 $146,198 $1,556,496 $2,188,024 (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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Six months ended June 30, 2024:Open MarketInnovationsCorporateTotal ConsolidatedGross premiums written$330,372 $55,387 $474 $386,233 Net premiums written$299,301 $48,456 $463 $348,220 Net premiums earned$257,475 $45,545 $16,914 $319,934 Net loss and LAE incurred(160,103)(26,761)(24,495)(211,359)Acquisition costs(74,090)(14,459)(3,515)(92,064)Other underwriting expenses(10,294)(1,856)— (12,150)Deposit interest expense, net(643)— — (643)Underwriting income (loss)12,345 2,469 (11,096)3,718 Reconciliation to income before income taxes:Net investment income22,398 183 1,545 24