Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 14

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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4Loss ratio71.3 %17.5 53.8 %63.4 %4.6 58.8 %Acquisition cost ratio28.1 %(5.1)33.2 %29.8 %(1.9)31.7 %Composite ratio99.4 %12.4 87.0 %93.2 %2.7 90.5 %Underwriting expenses ratio7.6 %3.7 3.9 %7.9 %3.8 4.1 %Combined ratio107.0 %16.1 90.9 %101.1 %6.5 94.6 %

Gross Premiums Written

Gross premiums written by line of business were as follows:

Three months ended June 30Six months ended June 3020252024Change20252024ChangeCasualty$6,254 23 %$10,006 40 %$(3,752)$12,939 23 %$14,461 26 %$(1,522)Financial3,039 11 %3,192 13 %(153)4,823 9 %2,988 5 %1,835 Health2,296 8 %815 3 %1,481 5,931 11 %2,347 4 %3,584 Multiline12,099 44 %8,842 35 %3,257 26,803 49 %31,054 56 %(4,251)Specialty3,909 14 %2,465 10 %1,444 4,567 8 %4,538 8 %29 Total$27,597 100 %$25,320 100 %$2,277 $55,063 100 %$55,388 100 %$(325)

Gross premiums written within our Innovations segment in Q2 2025 increased by $2.3 million or 9.0%, compared to Q2 2024. The increase was predominantly attributable to the following lines of business:

•Multiline: The 36.8% increase was driven mostly by premium growth from our Syndicate 3456.

•Health: The 181.7% increase was mainly due to revised ultimate estimated