Greenlight Re's Q3 gross premiums rise 9.5%

Reuters
2025/11/04
Greenlight Re's Q3 gross premiums rise 9.5%

Overview

  • Greenlight Re Q3 gross premiums written rose 9.5% to $184.4 mln

  • Company achieved record low combined ratio of 86.6% in Q3

  • Net loss of $4.4 mln in Q3, compared to net income last year

Outlook

  • Company did not provide specific forward-looking financial guidance

Result Drivers

  • UNDERWRITING PERFORMANCE - Record low combined ratio of 86.6% attributed to strong underwriting margins and favorable catastrophe loss activity

  • INVESTMENT CHALLENGES - Solasglas investment portfolio lost 3.2% due to difficult investment environment, impacting overall results

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Gross Premiums Written

$184.38 mln

Q3 Net Income

-$4.41 mln

Q3 Combined Ratio

86.60%

Analyst Coverage

  • The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX657gps

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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