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Greenlight Re(GLRE) - 2025 Q3 - Earnings Call Presentation
2025-11-04 14:00
Financial Performance - Greenlight Capital Re's gross premiums written reached $756 million[10] - The company's shareholders' equity stands at $659 million[10] - Cumulative book value growth from 2020 to 2024 was 33.8%[10] - Shares repurchased over the past five quarters amounted to $14.5 million[10], representing 3% of outstanding shares[38] - In Q3 2025, 155,249 ordinary shares were repurchased at a cost of $2 million[12], with $23 million remaining for share purchases[12] - Debt leverage decreased from 16% at the end of 2022 to 5% as of Q3 2025[12] Underwriting Performance - Gross premiums written for Q3 2025 were $184.4 million[21], compared to $168.3 million in Q3 2024[21] - The combined ratio for Q3 2025 was 86.6%[21], the lowest in the company's history[21] - Net underwriting income for Q3 2025 was $22.3 million[21], compared to $6.1 million in Q3 2024[21] Solasglas Investments - Solasglas Investments, LP's annual average returns since 2020 are 9.3%[32] - Solasglas Investments, LP's annual average returns since inception are 5.3%[32] - Solasglas Investments, LP's 2025 YTD returns (through October) are 1.2%[32] - Solasglas Investments, LP return in Q3 2025 was (3.2)%[33]
Greenlight Re(GLRE) - 2025 Q2 - Earnings Call Presentation
2025-08-05 13:00
Financial Performance - Greenlight Re's total assets reached $2.2 billion in Q2 2025[11] - Shareholders' equity stood at $663 million in Q2 2025[11] - The company repurchased shares worth $12.5 million over the past 12 months[11,42], including 357,278 ordinary shares at an average price of $13.99 per share in Q2 2025[12] - Fully diluted book value per share increased to $18.97 in Q2 2025[25], compared to $17.65 in Q2 2024[25] Underwriting Performance - Gross premiums written for the trailing twelve months ended June 30, 2025, were $740 million[11] - Gross premiums written increased from $169 million in Q2 2024 to $179.6 million in Q2 2025[25] - The combined ratio improved to 95% in Q2 2025[25], compared to 99.8% in Q2 2024[25] - Net underwriting income increased to $8.1 million in Q2 2025[25], compared to $0.3 million in Q2 2024[25] Investment Performance - Solasglas Investments, LP's annual average returns since 2020 is 9.8%[36] - Solasglas Investments, LP's annual average returns since inception is 5.5%[36]