Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 8

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 8
---
Change20252024ChangeCasualty$12,404 8 %$24,372 16 %$(11,968)$62,136 12 %$70,863 15 %$(8,727)Financial19,741 13 %12,342 8 %7,399 60,221 11 %47,711 10 %12,510 Health18 — %(2)— %20 227 — %213 — %14 Multiline58,032 37 %51,666 34 %6,366 177,108 34 %143,549 30 %33,559 Property23,365 15 %18,440 12 %4,925 71,459 14 %69,748 15 %1,711 Specialty41,434 27 %43,513 29 %(2,079)156,885 30 %148,619 31 %8,266 Total$154,994 100 %$150,331 100 %$4,663 $528,036 100 %$480,703 100 %$47,333 

Gross premiums written within our Open Market segment in Q3 2025 increased by $4.7 million or 3.1%, compared to Q3 2024. The increase was predominantly attributable to the following lines of business:

•Financial: The $7.4 million, or 59.9%, increase was mainly due to the reporting of additional premiums from previous treaty years in our mortgage business, along with new quota share financial business.

31

•Multiline: The $6.4 million, or 12.3%, increase was driven mostly by growth in our current FAL business bound during Q1 2025, partially offset by downward revision to our estimated ultimate gross premiums for certain 2023 and 2024 FAL treaties. This was partially offset by non-renewed business in our commercial auto class and multiline commercial class.

•Property: The $4.9 million, or 26.7%, increase was mainly due to new non-proportional business and growth from existing quota share treaties.

Offset partially by:

•Casualty: The $12.0 million, or 49.1%, decrease was mainly due to the non-renewal of certain reinsurance