Overview

* Greenlight Capital Re ( GLRE ) Q2 combined ratio improves to 95.0% from 99.9%

* Company reports Q2 net income of $0.3 mln, down from $8.0 mln

* Greenlight Re repurchased $5 mln in shares, supporting shareholder returns

Outlook

* Greenlight Re anticipates strong second half 2025 underwriting results

* Company maintains defensive investment stance amid market volatility

Result Drivers

* UNDERWRITING IMPROVEMENT - Combined ratio improved to 95.0% from 99.9%, indicating better underwriting efficiency

* INVESTMENT LOSS - Solasglas investment portfolio lost 4.0%, contributing to a total investment loss of $7.8 mln

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Gross $179.63

Premiums mln

Written

Q2 Net -$100.08

Income mln

Q2 95.0%

Combined

Ratio

Analyst Coverage

* The one available analyst rating on the shares is "hold"

* The average consensus recommendation for the reinsurance peer group is "buy."

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)