Business

Greenlight Re Announces Financial Results for First Quarter March 31, 2026

Improves Q1 Combined Ratio to 96.0%,Earns $1.05 per diluted share; Repurchases $5 million of ordinary shares GRAND CAYMAN, Cayman Islands, May 05, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the first quarter March 31, 2026. First quarter 2026 Highlights (all comparisons are to first quarter 2025 unless noted otherwise): Gross premiums written decreased 8% to $227.9 million;Net premiums earned dec

articleGreenlight Reinsurance, Ltd.May 5, 202613/company/greenlight-capital-re-ltd/news/greenlight-re-announces-financial-results-for-first-quarter-march-31-2026
Greenlight Re Announces Financial Results for First Quarter March 31, 2026

About this update from Greenlight Reinsurance, Ltd.

[{"type":"image","alt":"Greenlight Capital Re","displaySize":"","headline":null,"caption":"Greenlight Capital Re","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":89,"url":"https://media.zenfs.com/en/globenewswire.com/b7efd7a855e94451567fdea76d1a74b8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gzqnvFPs.UueA0Na7lkEVQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEyNQ--/https://media.zenfs.com/en/globenewswire.com/b7efd7a855e94451567fdea76d1a74b8","width":300,"height":89}},"lazy":false},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:100%;width:100%;min-width:100%;text-align:center;vertical-align:middle;padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":"Improves Q1 Combined Ratio to 96.0%,Earns $1.05 per diluted share; Repurchases $5 million of ordinary shares","length":115,"tagName":"p","attribs":{}}]}]},{"val":[{"style":"padding-left:0;padding-right:0;vertical-align:bottom;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]}]}],"length":115},{"type":"text","content":"GRAND CAYMAN, Cayman Islands, May 05, 2026 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the first quarter March 31, 2026.","length":215,"tagName":"p"},{"type":"text","content":"First quarter 2026 Highlights (all comparisons are to first quarter 2025 unless noted otherwise):","length":97,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Gross premiums written decreased 8% to $227.9 million;","length":54,"tagName":"p"}]},{"val":[{"type":"text","content":"Net premiums earned decreased 8% to $154.1 million;","length":51,"tagName":"p"}]},{"val":[{"type":"text","content":"Net underwriting income of $6.2 million, compared to an underwriting loss of $7.8 million;","length":90,"tagName":"p"}]},{"val":[{"type":"text","content":"Combined ratio of 96.0%, compared to 104.6%;","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Total investment income of $40.4 million, compared to $40.5 million;","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $35.8 million, or $1.05 per diluted ordinary share, compared to net income of $29.6 million, or $0.86 per diluted ordinary share;","length":143,"tagName":"p"}]},{"val":[{"type":"text",...

More updates from Greenlight Reinsurance, Ltd.

the Companyordinary sharesGreenlight ReGross premiums writtencombined ratiobook valueGreenlight CapitalGREENLIGHT CAPITAL RE, LTD.