Core Insights - Greenlight Capital Re, Ltd. has received an upgrade in its Financial Strength Rating to "A" from "A-" and the Long-Term Issuer Credit Rating to "a" from "a-" for its subsidiaries, reflecting strong financial health and operational performance [1][2] - The ratings upgrade is attributed to the company's strong balance sheet, adequate operating performance, neutral business profile, and effective enterprise risk management [2] - The company's CEO highlighted the achievement as a recognition of the progress made in transforming the underwriting portfolio and the strength of the long-term strategy, alongside record quarterly underwriting performance [2] Financial Ratings - AM Best upgraded the Financial Strength Rating of Greenlight Reinsurance, Ltd. and Greenlight Reinsurance Ireland, DAC to "A" (Excellent) from "A-" (Excellent) [1] - The Long-Term Issuer Credit Rating for the company was upgraded to "a" (Excellent) from "a-" (Excellent) [1] - The Long-Term Issuer Credit Rating for the company was also upgraded to "bbb" (Good) from "bbb-" (Good) [1] Company Overview - Greenlight Re provides multiline property and casualty insurance and reinsurance through its licensed entities in the Cayman Islands and Ireland, as well as its Lloyd's platform [4] - The company employs a non-traditional investment approach aimed at achieving higher long-term returns compared to traditional reinsurance investment strategies [4] - The Greenlight Re Innovations unit supports technology innovators in the (re)insurance sector by providing investment capital, risk capacity, and access to a broad insurance network [4]

Core Insights - Greenlight Capital Re achieved record quarterly underwriting income with a combined ratio of 86.6%, the lowest in the company's history, indicating strong margins and effective risk selection [3][5][11] - The investment environment remains challenging, with the Solasglas investment portfolio experiencing a loss of 3.2% during the third quarter, which negatively impacted overall results despite strong underwriting performance [3][5] Financial Performance - Gross premiums written increased by 9.5% to $184.4 million in Q3 2025, while net premiums earned rose by 8.9% to $165.4 million [5][11] - Net underwriting income for Q3 2025 was $22.3 million, a significant increase from $6.1 million in Q3 2024 [5][11] - The total investment loss for Q3 2025 was $17.4 million, compared to total investment income of $30.3 million in the same period last year [5][11] - The net loss for Q3 2025 was $4.4 million, or -$0.13 per diluted ordinary share, compared to a net income of $35.2 million, or $1.01 per diluted ordinary share in Q3 2024 [5][11] Underwriting Metrics - The combined ratio for the nine months ended September 30, 2025, was 95.4%, an improvement from 97.9% in the same period of 2024 [5][11] - The current year loss ratio for Q3 2025 was 53.1%, down from 65.0% in Q3 2024, indicating improved underwriting efficiency [12][11] - The acquisition cost ratio for Q3 2025 was 28.4%, compared to 30.4% in Q3 2024, reflecting better cost management [12][11] Shareholder Actions - The company repurchased $2.0 million of shares at an average cost of $12.88 per share during the quarter [5][11] - Fully diluted book value per share decreased by 0.4% to $18.90 from $18.97 at June 30, 2025 [5][11]

Core Insights - Greenlight Capital Re, Ltd. is set to release its financial results for Q3 and the nine months ending September 30, 2025, after market close on November 3, 2025 [1] - A live conference call to discuss these results will take place on November 4, 2025, at 9:00 a.m. Eastern Time [1] Company Overview - Greenlight Re operates as a multiline property and casualty insurer and reinsurer, with licensed entities in the Cayman Islands and Ireland, as well as a Lloyd's platform [3] - The company employs a non-traditional investment strategy aimed at achieving higher long-term returns compared to traditional reinsurance investment approaches [3] - Greenlight Re Innovations, the company's innovation unit, provides investment capital and risk capacity to technology innovators in the (re)insurance sector [3] Conference Call Details - Participants can join the earnings call by dialing U.S. toll-free 1-877-407-9753 or international 1-201-493-6739 [2] - The call will also be available via webcast [2] - A telephone replay will be accessible until November 9, 2025, with specific dial-in numbers provided for U.S. and international callers [2]

Core Insights - Greenlight Capital Re reported a combined ratio of 95.0% for Q2 2025, a significant improvement from 99.9% in Q2 2024, indicating enhanced underwriting performance [4][10][11] - The company returned $5 million to shareholders through share buybacks, reflecting its commitment to capital management and shareholder value [2][4] - Despite a 4.0% loss in the Solasglas investment portfolio, the company achieved a net income of $0.3 million for Q2 2025, down from $8.0 million in the same quarter last year [2][4][11] Financial Performance - Gross premiums written increased by 6.3% to $179.6 million in Q2 2025, while net premiums earned rose by 2.0% to $161.6 million [4][10] - The net underwriting income for Q2 2025 was $8.1 million, compared to $0.3 million in Q2 2024, showcasing improved operational efficiency [4][10] - Total investment loss for Q2 2025 was $7.8 million, a decline from total investment income of $15.3 million in the previous year [4][10] Shareholder Value - The fully diluted book value per share increased by 0.5% to $18.97 as of June 30, 2025, up from $18.87 at the end of Q1 2025 [4][10] - The company repurchased $5.0 million of shares at an average cost of $13.99 per share, demonstrating a proactive approach to enhancing shareholder returns [4][10] Segment Performance - For the first half of 2025, gross premiums written rose by 10.7% to $427.6 million, and net premiums earned increased by 3.2% to $330.1 million [4][10] - The combined ratio for the first half of 2025 was 99.9%, slightly worse than 98.9% in the same period of 2024, indicating some challenges in underwriting profitability [4][10] - The net income for the first half of 2025 was $30.0 million, or $0.87 per diluted ordinary share, compared to $35.0 million, or $1.01 per diluted ordinary share, in the prior year [4][10]

Core Viewpoint - Greenlight Capital Re, Ltd. is set to release its financial results for Q2 and the first half of 2025 on August 4, 2025, with a conference call scheduled for August 5, 2025, to discuss these results [1]. Group 1: Financial Results Announcement - The company will announce its financial results for the second quarter and six months ended June 30, 2025, after market close on August 4, 2025 [1]. - A live conference call to discuss the financial results will take place on August 5, 2025, at 9:00 a.m. Eastern Time [1]. Group 2: Conference Call Details - Participants can join the conference call by dialing U.S. toll-free 1-877-407-9753 or international 1-201-493-6739 [2]. - The conference call will also be accessible via webcast [2]. - A telephone replay will be available until August 11, 2025, with specific dialing instructions provided for access [2]. Group 3: Company Overview - Greenlight Re provides multiline property and casualty insurance and reinsurance through its licensed entities in the Cayman Islands and Ireland, as well as its Lloyd's platform [3]. - The company employs a non-traditional investment approach aimed at achieving higher long-term returns compared to traditional reinsurance investment strategies [3]. - Greenlight Re Innovations supports technology innovators in the (re)insurance sector by offering investment capital, risk capacity, and access to a broad insurance network [3].

Core Viewpoint - Greenlight Capital Re, Ltd. reported a net income of $29.6 million for Q1 2025, reflecting a 9.6% increase from $27.0 million in Q1 2024, despite losses from California wildfires impacting the combined ratio by 14 points [1][4]. Financial Performance - Gross premiums written increased by 14.1% to $247.9 million compared to $217.3 million in Q1 2024 [4][9]. - Net premiums earned rose by 4.3% to $168.5 million from $161.5 million in the same period last year [4][9]. - The company experienced a net underwriting loss of $7.8 million, contrasting with net underwriting income of $3.4 million in Q1 2024 [4][9]. - Total investment income grew to $40.5 million, up from $31.4 million in Q1 2024 [4][9]. - Fully diluted book value per share increased by 5.1% to $18.87, compared to $17.95 at the end of 2024 [1][4]. Underwriting Metrics - The combined ratio for Q1 2025 was 104.6%, up from 97.9% in Q1 2024, indicating a deterioration in underwriting performance [4][11]. - The current year loss ratio was reported at 70.4%, compared to 64.3% in the prior year [11]. - The acquisition cost ratio increased to 27.8% from 25.8% year-over-year [11]. Investment Strategy - The CEO highlighted a strong return of 7.2% from the Solasglas investment portfolio, which helped mitigate the impact of market challenges [1][4]. - The company is positioning Solasglas to maintain low gross and net exposure in anticipation of high market volatility [1][4]. Company Overview - Greenlight Re provides multiline property and casualty insurance and reinsurance, utilizing a non-traditional investment approach aimed at achieving higher long-term returns [6]. - The company supports technology innovators in the (re)insurance space through its Greenlight Re Innovations unit [6].

Core Viewpoint - Greenlight Capital Re, Ltd. is set to release its financial results for the first quarter of 2025 on May 7, 2025, with a conference call scheduled for May 8, 2025, to discuss these results [1]. Group 1: Financial Results Announcement - The company will announce its first quarter financial results after market close on May 7, 2025 [1]. - A live conference call to discuss the financial results will take place on May 8, 2025, at 9:00 a.m. Eastern Time [1]. Group 2: Conference Call Details - Participants can join the conference call by dialing U.S. toll-free 1-877-407-9753 or international 1-201-493-6739 [2]. - The conference call will also be available via webcast [2]. - A telephone replay of the call will be accessible until May 13, 2025 [2]. Group 3: Company Overview - Greenlight Re provides multiline property and casualty insurance and reinsurance through its licensed entities in the Cayman Islands and Ireland [3]. - The company employs a non-traditional investment approach aimed at achieving higher long-term returns compared to traditional reinsurance investment strategies [3]. - Greenlight Re Innovations supports technology innovators in the (re)insurance sector by offering investment capital and risk capacity [3].