Greenlight Capital Re, Ltd. reported record quarterly underwriting income, leading to a combined ratio of 86.6% for the third quarter of 2025. Gross premiums written increased to $184.4 million, with net underwriting income reaching $22.3 million. The company also achieved a net loss of $4.4 million, compared to $35.2 million in the same period last year.

For the nine months ended September 30, 2025, Greenlight Capital Re, Ltd. saw gross premiums written increase to $612.0 million, with net underwriting income reaching $22.6 million. The company reported a combined ratio of 95.4%, compared to 97.9% in the same period in 2024. Total investment income was $15.3 million.

CEO Greg Richardson praised the company’s underwriting results for the quarter, citing a combined ratio of 86.6%, the lowest in the company’s history. Chairman David Einhorn noted challenges in the investment environment, with the company’s best-ever underwriting result helping to offset weak investment results.

Greenlight Re will host an earnings call on November 4, 2025, to discuss its financial results. The call can be accessed via phone or webcast. A replay will be available through November 9, 2025. Non-GAAP financial measures, like fully diluted book value per share, are used by management to evaluate the company’s financial performance and shareholder value. Fully diluted book value per share increased to $18.90 by September 30, 2025.

Greenlight Capital Re, Ltd. provides property and casualty insurance and reinsurance through its entities. The company uses a non-traditional investment approach to achieve higher rates of return. Investor relations can be contacted for more information. The company’s financial results are presented in detail, including key financial measures and non-GAAP measures like fully diluted book value per share. Management believes these measures provide a clearer understanding of the company’s performance.

Read more at GlobeNewswire: Greenlight Re Announces Financial Results for Third Quarter