Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 4

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 4
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loss)$(4,405)$35,237 $(39,642)$25,551 $70,234 $(44,683)Diluted earnings (loss) per share$(0.13)$1.01 $(1.14)$0.74 $2.02 $(1.28)Underwriting ratios:% Point Change% Point ChangeAttritional loss ratio49.6 %55.6 %(6.0)53.1 %56.3 %(3.2)Large event loss ratio3.5 %1.4 %2.1 2.6 %2.1 %0.5 CAT event loss ratio— %8.0 %(8.0)5.5 %6.3 %(0.8)Current year loss ratio53.1 %65.0 %(11.9)61.2 %64.7 %(3.5)Prior year reserve development ratio0.5 %(3.7)%4.2 1.6 %(0.2)%1.8 Loss ratio53.6 %61.3 %(7.7)62.8 %64.5 %(1.7)Acquisition cost ratio28.4 %30.4 %(2.0)28.4 %29.3 %(0.9)Composite ratio82.0 %91.7 %(9.7)91.2 %93.8 %(2.6)Underwriting expense ratio4.6 %4.2 %0.4 4.2 %4.1 %0.1 Combined ratio86.6 %95.9 %(9.3)95.4 %97.9 %(2.5)

1 The net financial impact associated with changes in the estimate of losses incurred in prior years, which incorporates earned reinstatement premiums assumed and ceded, adjustments to assumed and ceded acquisition costs, and deposit interest income and expense, was a loss of $0.6 million and gain of $4.6 million for the three months ended September 30, 2025 and 2024, respectively, and a loss of $6.7 million and $1.1 million for the nine months ended September 30, 2025 and 2024, respectively.

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During 2025, we updated the