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Greenlight Capital RE, Ltd. GLRE Innovations — Underwriting expenses

Other segment segments

Open Market
$5.74M+19.7%

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Other financials

Income statement

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Revenue$189.7M-11.1%
Net income$35.8M+20.7%
EPS (diluted)$1.05+22.1%

Balance sheet

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Cash & equivalents$610.2M-5.1%
Total debt$4.7M-92.1%
Total equity$741.2M+11.2%
Total assets$2.3B+5.4%

Cash flow

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Operating cash flow$37.2M+259%

Valuation

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Market cap$501.04M+12.7%
Enterprise value-$104.46M-32.9%
P/E6.2×
P/S0.7×+0.1×

Profitability

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Net margin11.5%
FCF margin-46.7%

Returns & leverage

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Return on equity11.5%
Debt / equity-0.1×

Where this comes from

Reported directly by Greenlight Capital RE, Ltd. in its filing.

Tagged under the XBRL concept us-gaap:OtherUnderwritingExpense.

The source filing: Greenlight Capital RE, Ltd.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001385613-26-000062
Three months ended March 31, 2026:Open MarketInnovationsCorporateTotal Consolidated
Net premiums earned$128,981$25,166$(2)$154,145
Net loss and LAE incurred(75,230)(15,926)1(91,155)
Acquisition costs(41,212)(7,750)(48,962)
Other underwriting expenses(5,743)(2,062)(7,805)
Deposit interest expense, net(32)(32)
Underwriting income (loss)6,764(572)(1)6,191
Reconciliation to income before income taxes:
Net investment income (loss)5,1351,0945026,731

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Greenlight Capital RE, Ltd.'s innovations — underwriting expenses?
Greenlight Capital RE, Ltd. (GLRE) reported innovations — underwriting expenses of $2.06M in Q1 2026.
How has Greenlight Capital RE, Ltd.'s innovations — underwriting expenses changed year-over-year?
Greenlight Capital RE, Ltd.'s innovations — underwriting expenses increased by 32.1% year-over-year, from $1.56M to $2.06M.
What is the long-term trend for Greenlight Capital RE, Ltd.'s innovations — underwriting expenses?
Over 3 years (2022 to 2025), Greenlight Capital RE, Ltd.'s innovations — underwriting expenses has grown at a 56.9% compound annual growth rate (CAGR), from $1.95M to $7.51M.
What does innovations — underwriting expenses mean?
Operating costs incurred by the segment to support underwriting activities, excluding acquisition costs and loss adjustment expenses. This measures the administrative overhead required to maintain the segment's operations.

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