Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 14

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 14
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(8.8)%$67,338 Net loss and LAE incurred(11,412)(12,223)(37,002)(38,984)Acquisition costs(6,894)(6,963)(18,939)(21,422)Other underwriting expenses(2,026)(1,202)(5,207)(3,058)Underwriting income (loss)668 1,405 243 3,874 Net investment income(11,270)253 (10,391)436 Corporate and other expenses(724)19.1 %(608)(1,898)(5.5)%(2,008)Income (loss) before income taxes$(11,326)$1,050 $(12,046)$2,302 Underwriting ratios:2025% Point Change20242025% Point Change2024Loss ratio54.3 %(1.8)56.1 %60.3 %2.4 57.9 %Acquisition cost ratio32.8 %0.8 32.0 %30.8 %(1.0)31.8 %Composite ratio87.1 %(1.0)88.1 %91.1 %1.4 89.7 %Underwriting expenses ratio9.6 %4.1 5.5 %8.5 %4.0 4.5 %Combined ratio96.7 %3.1 93.6 %99.6 %5.4 94.2 %

Gross Premiums Written

Gross premiums written by line of business were as follows:

Three months ended September 30Nine months ended September 3020252024Change20252024ChangeCasualty$4,531 15 %$5,634 30 %$(1,103)$17,470 21 %$20,095 27 %$(2,625)Financial1,513 5 %(1,190)(6)%2,703 6,336 8 %1,798 2 %4,538 Health1,072 4 %599 3 %473 7,002 8 %2,945 4 %4,057 Multiline16,543 56 %9,447 51 %7,096 43,346 51 %40,