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

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 10
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 earned by line of business were as follows:

Three months ended June 30Six months ended June 3020252024Change20252024ChangeCasualty$24,680 18 %$21,628 17 %$3,052 $52,023 18 %$44,937 14 %$7,086 Financial15,306 11 %15,152 12 %154 29,621 10 %31,308 9 %(1,687)Health44 — %54 — %(10)89 — %108 — %(19)Multiline45,640 32 %44,258 35 %1,382 99,362 34 %99,518 30 %(156)Property13,803 10 %12,977 10 %826 32,309 11 %24,626 7 %7,683 Specialty41,082 29 %31,796 25 %9,286 76,792 26 %56,978 17 %19,814 Total$140,555 100 %$125,865 100 %$14,690 $290,196 100 %$257,475 100 %$32,721 

31

Net premiums earned within our Open Market segment in Q2 2025 increased by $14.7 million or 11.7%, compared to Q2 2024 and by $32.7 million or 12.7% for YTD 2025, compared to YTD 2024. The change is influenced by the amount and timing of net premiums written during the current year and prior years, coupled with the business mix written in the form of excess of loss versus proportional contracts. Additionally, within the financial line and certain specialty line classes, the gross premiums written are earned over multiple years, corresponding with the anticipated risk coverage period.

Loss ratio

The components of the loss ratio for our Open Market segment were as follows:

Three months ended June 30Six months ended June 302025% Point Change20242025% Point Change2024Current year:  Attritional loss ratio55.5 %1.7 53.8 %54.5 %(0.1)54.6 %  Large event loss ratio4.6 %0.1