Greenlight Capital Re, Ltd. reported a 95.0% combined ratio for the second quarter of 2025, with $5 million returned to shareholders through buybacks. Gross premiums written increased to $179.6 million, net underwriting income was $8.1 million, and total investment loss was $7.8 million. Net income was $0.3 million, and fully diluted book value per share increased to $18.97.

For the six months ended June 30, 2025, gross premiums written increased to $427.6 million. Net underwriting income was $0.3 million, with a combined ratio of 99.9%. Total investment income was $32.7 million, and net income was $30.0 million. Fully diluted book value per share increased to $18.97.

Greg Richardson, CEO, highlighted the strength of the underwriting results for the second quarter, positioning the company well for a strong second half of the year. Chairman David Einhorn noted a defensive investment stance with a nearly flat net exposure, resulting in an increase in fully diluted book value per share.

Greenlight Re will host an earnings call on August 5, 2025, at 9:00 a.m. Eastern Time to discuss its financial results. The conference call can be accessed via phone or webcast. A telephone replay will be available until August 11, 2025.

Management uses fully diluted book value per share as a key financial measure to evaluate the company’s performance. Fully diluted book value per share reflects the long-term growth and shareholder value generated by the company, providing a basis for comparison within the industry.

As of June 30, 2025, the fully diluted book value per share for Greenlight Capital Re, Ltd. was $18.97, reflecting an increase from previous periods. This measure is used by management to monitor financial performance and shareholder value.

Read more at GlobeNewswire: Greenlight Re Announces Financial Results for Second