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Greenlight Capital RE, Ltd. GLRE Other underwriting expenses

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Segments

By segment

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Open Market$5.74M+19.7%
Innovations$2.06M+32.1%

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
Line itemThree months ended March 31 / 20262025
Expenses
Net loss and loss adjustment expenses incurred91,155122,884
Acquisition costs48,96246,866
Underwriting expenses7,8056,358
Corporate and other expenses5,7424,672
Deposit interest expense32149
Interest expense991,464
Total expenses153,795182,393

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Greenlight Capital RE, Ltd.'s other underwriting expenses?
Greenlight Capital RE, Ltd. (GLRE) reported other underwriting expenses of $7.81M in Q1 2026.
How has Greenlight Capital RE, Ltd.'s other underwriting expenses changed year-over-year?
Greenlight Capital RE, Ltd.'s other underwriting expenses increased by 22.8% year-over-year, from $6.36M to $7.81M.
What is the long-term trend for Greenlight Capital RE, Ltd.'s other underwriting expenses?
Over 3 years (2022 to 2025), Greenlight Capital RE, Ltd.'s other underwriting expenses has grown at a 27.5% compound annual growth rate (CAGR), from $13.81M to $28.63M.
What does other underwriting expenses mean?
General administrative and operational expenses directly attributable to the underwriting process, excluding claims and acquisition costs. This includes costs such as personnel, technology, and overhead required to maintain underwriting operations. It is a key component in evaluating the company's operational leverage and expense management.

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