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Greenlight Capital RE, Ltd. GLRE Open Market — Underwriting Income (Loss)

Other segment segments

Innovations
-$572K-154%

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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:UnderwritingIncomeLoss.

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
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
Corporate and other expenses(722)(5,020)(5,742)
Income (loss) from investment in Solasglas33,68933,689

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Greenlight Capital RE, Ltd.'s open market — underwriting income (loss)?
Greenlight Capital RE, Ltd. (GLRE) reported open market — underwriting income (loss) of $6.76M in Q1 2026.
How has Greenlight Capital RE, Ltd.'s open market — underwriting income (loss) changed year-over-year?
Greenlight Capital RE, Ltd.'s open market — underwriting income (loss) increased by 175.6% year-over-year, from -$8.95M to $6.76M.
What is the long-term trend for Greenlight Capital RE, Ltd.'s open market — underwriting income (loss)?
Over 2 years (2022 to 2025), Greenlight Capital RE, Ltd.'s open market — underwriting income (loss) has grown at a 375.9% compound annual growth rate (CAGR), from -$1.66M to $37.64M.
What does open market — underwriting income (loss) mean?
The profit or loss generated from core insurance operations, calculated as net premiums earned minus net losses, loss adjustment expenses, and underwriting expenses. It measures the fundamental profitability of the company's risk-taking activities before investment income.

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