Overview

* Greenlight Re Q3 gross premiums written rose 9.5% to $184.4 mln

* Company achieved record low combined ratio of 86.6% in Q3

* Net loss of $4.4 mln in Q3, compared to net income last year

Outlook

* Company did not provide specific forward-looking financial guidance

Result Drivers

* UNDERWRITING PERFORMANCE - Record low combined ratio of 86.6% attributed to strong underwriting margins and favorable catastrophe loss activity

* INVESTMENT CHALLENGES - Solasglas investment portfolio lost 3.2% due to difficult investment environment, impacting overall results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Gross $184.38

Premiums mln

Written

Q3 Net -$4.41

Income mln

Q3 86.60%

Combined

Ratio

Analyst Coverage

* The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)