Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 64

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 7,368 2,245 12,345 Net investment income5,629 (42.5)%9,782 11,400 (49.1)%22,398 Income before income taxes$16,823 $17,150 $13,645 $34,743 Underwriting ratios:2025% Point Change20242025% Point Change2024Loss ratio59.4 %1.1 58.3 %67.6 %5.4 62.2 %Acquisition cost ratio29.1 %(3.1)32.2 %28.2 %(0.6)28.8 %Composite ratio88.5 %(2.0)90.5 %95.8 %4.8 91.0 %Underwriting expenses ratio3.5 %(0.1)3.6 %3.4 %(0.8)4.2 %Combined ratio92.0 %(2.1)94.1 %99.2 %4.0 95.2 %

Gross Premiums Written

Gross premiums written by line of business were as follows:

Three months ended June 30Six months ended June 3020252024Change20252024ChangeCasualty$20,008 13 %$27,547 19 %$(7,539)$49,732 13 %$46,491 14 %$3,241 Financial16,416 11 %14,362 10 %2,054 40,480 11 %35,369 11 %5,111 Health12 — %— — %12 209 — %215 — %(6)Multiline52,742 35 %35,967 25 %16,775 119,076 32 %91,883 28 %27,193 Property18,055 12 %24,261 17 %(6,206)48,094 13 %51,308 16 %(3,214)Specialty45,100 30 %41,174 29 %3,926 115,451 31 %105,106 32 %10,345 Total$152,333 100 %$143,311 100 %$