Greenlight Capital Re reports developments tied to its multiline property and casualty insurance and reinsurance business. The company operates through licensed and regulated reinsurance entities in the Cayman Islands and Ireland and through its Lloyd’s platform, Greenlight Innovation Syndicate 3456.
Recurring news covers underwriting performance, premiums, combined ratio, investment income, book value per share and ordinary-share repurchases. Company updates also address the Solasglas investment portfolio, AM Best credit ratings for Greenlight Re and its subsidiaries, and Greenlight Re Innovations, which supports technology companies in the insurance and reinsurance market with investment capital, risk capacity and network access.
Greenlight Re (GLRE) returned to profit in the third quarter of 2026, reporting net income of $3.2 million. Diluted earnings were $0.10 per share, versus a $0.13 loss a year earlier. Gross premiums written fell 1% to $181.9 million, while net premiums earned declined 7% to $153.4 million. Underwriting income fell to $14.6 million from $22.3 million. The combined ratio, measuring underwriting costs against earned premiums, rose to 90.5% from 86.6%.
The quarterly investment loss narrowed to $4.6 million from $17.4 million. Nine-month net income declined to $9.4 million from $25.6 million, with diluted earnings of $0.28 versus $0.74. Fully diluted book value per share, a non-GAAP measure, reached $20.78, up 0.8% from June 30 and 1.7% from year-end. Repurchases totaled $27.2 million through September, including $8.0 million in the quarter; another $3.3 million was repurchased through October 30.
Greenlight Capital Re (Nasdaq: GLRE) announced that Joseph Platt will retire from its board of directors effective December 31, 2026.
Platt joined the board in 2004, at the company’s formation, and has served for more than 22 years. Board Chair David Einhorn thanked him for his service.
Hippo (NYSE: HIPO) announced a partnership with Greenlight Re Innovations connecting early-stage insurance investment opportunities with carrier and reinsurance support.
Hippo can evaluate investments alongside Greenlight Capital Re (NASDAQ: GLRE) in emerging managing general agents, businesses that manage insurance programs. Hippo subsidiary Spinnaker can serve as the preferred U.S. admitted carrier for qualifying co-invested programs as opportunities align, issuing their policies. Greenlight Re will provide reinsurance capacity and expertise to support the risk. The partnership builds on programs both companies already support. Hippo says the arrangement supports its strategy to diversify across insurance products.
Greenlight Capital Re (NASDAQ: GLRE) expects to release third-quarter 2026 financial results after the market closes on November 2, 2026. The results will also cover the nine months ended September 30, 2026. A live conference call to discuss the results is scheduled for November 3, 2026, at 9:00 a.m. Eastern Time.
Greenlight Capital Re (GLRE) announced Ian Maguire’s appointment as Active Underwriter of Greenlight Innovation Syndicate 3456, subject to regulatory approval.
Syndicate 3456 is transitioning from a Syndicate-in-a-Box to a full Lloyd’s syndicate effective January 1, 2027. Greenlight Re plans to retain Innovations business as the primary focus while expanding into more traditional delegated underwriting authority and consortia business, plus a limited amount of treaty reinsurance. The company anticipates growth in 2027. Maguire has assisted the syndicate as a consultant over the past six months and has nearly 40 years of experience in the Lloyd’s and London markets.
Greenlight Capital Re (Nasdaq: GLRE) announced that, effective September 1, 2026, John Welch has been appointed as an independent director to its board of directors. His appointment follows the July 28, 2026 shareholder election of Ariel Warszawski to the board at the company’s Annual General Meeting.
According to Greenlight Re, Welch brings over 30 years of executive experience in global insurance and reinsurance, including senior underwriting roles at Aspen Insurance Holdings and Sompo. Warszawski contributes U.S. and international business expertise from strategic advisory, entrepreneurial, and investment roles, including leadership at Firefly Minerals and prior hedge fund experience at Firefly Value Partners.
Greenlight Re (NASDAQ: GLRE) reported second quarter 2026 gross premiums written of $183.1 million, up 2%, with net premiums earned essentially flat at $161.8 million. The company posted a net underwriting loss of $0.2 million and a combined ratio of 100.1%, affected by catastrophe losses.
Total investment loss was $23.8 million, leading to a net loss of $29.6 million, or $0.89 per diluted share. For the first six months, net income was $6.2 million versus $30.0 million a year earlier, with a 98.1% combined ratio and $16.6 million total investment income.
Greenlight Re repurchased $19.2 million of shares in the first half at an average $17.42, plus another $3.9 million through August 3, 2026. Fully diluted book value per share, a non-GAAP measure, was $20.61, up 0.9% from December 31, 2025 but down 3.7% from March 31, 2026.
Greenlight Capital Re (Nasdaq: GLRE) announced that Greenlight Innovation Syndicate 3456 has received “in principle” approval from Lloyd’s to transition from a Syndicate-in-a-Box to a full Lloyd’s syndicate effective January 1, 2027, subject to finalization. Syndicate 3456, supported by managing agent Asta, began underwriting on April 1, 2022.
According to Greenlight Re, Syndicate 3456 has produced an underwriting profit each year and built a differentiated portfolio focused on Innovations business and Coverholder partnerships, providing Insurtech clients access to the Lloyd’s platform. As a full syndicate, it plans to support innovative and traditional Coverholders, limited treaty reinsurance, and is expected to grow gross written premiums.
Greenlight Capital Re (NASDAQ: GLRE) will release its second quarter and six-month 2026 financial results, for the period ended June 30, 2026, after market close on Tuesday, August 4, 2026. A related earnings conference call will follow on Wednesday, August 5, 2026, at 9:00 a.m. Eastern Time, accessible via phone, webcast, and post-call replay.
Greenlight Re (NASDAQ: GLRE) reported Q1 2026 results on May 5, 2026. Key metrics: gross premiums written $227.9M and net premiums earned $154.1M (both down 8% YoY); net underwriting income $6.2M versus an underwriting loss of $7.8M a year earlier; combined ratio 96.0% versus 104.6%.
The company reported net income $35.8M and EPS $1.05 diluted, repurchased $5M of shares in Q1 and an additional $9.5M in April, and increased fully diluted book value per share to $21.40.