Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 56

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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 of the reportable segment to assess the achievement of strategic initiatives, the efficiency of the deployed capital, and how to allocate resources to the reportable segments based on the segment’s financial performance.  The table below provides information about the Company’s reportable segments, including the reconciliation to net income as reported under U.S. GAAP. Comparatives have been recast to conform with the current reportable segments.

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Three months ended September 30, 2025:Open MarketInnovationsCorporateTotal ConsolidatedGross premiums written$154,994 $29,393 $(10)$184,377 Net premiums written$140,372 $22,318 $(8)$162,682 Net premiums earned$144,427 $21,000 $(8)$165,419 Net loss and LAE incurred(76,590)(11,412)(591)(88,593)Acquisition costs(40,069)(6,894)1 (46,962)Other underwriting expenses(5,446)(2,026)— (7,472)Deposit interest expense, net(94)— — (94)Underwriting income (loss)22,228 668 (598)22,298 Reconciliation to income before income taxes:Net investment income (loss)5,623 (11,270)2,697 (2,950)Corporate and other expenses— (724)(4,675)(5,399)Income (loss) from investment in Solasglas(14,404)(14,404)Foreign exchange gains (losses)(1,994)(1,994)Interest expense(1,430)(1,430)Income (loss) before income taxes$27,851 $(11,326)$(20,404)$(3,879)Additional information:Net loss and LAE incurred:  Attritional losses$(70,010)$(12,060)$19 $(82,051)  Large event losses(5,725)— — (5,725)  CAT event losses— — — —   Prior year favorable (adverse) loss development(855)648 (610)(817)Total net loss and LAE incurred$(76,590)$(11,412)$(591)$(88,593)Total allocated assets (1)$489,755 $130,382 $1,513,918 $2,134