{"id":1522,"date":"2026-03-10T09:30:50","date_gmt":"2026-03-10T10:30:50","guid":{"rendered":"http:\/\/ateliersfurrer.com\/?p=1522"},"modified":"2026-03-10T13:37:46","modified_gmt":"2026-03-10T13:37:46","slug":"greenlight-re-reports-record-underwriting-income-in-2025","status":"publish","type":"post","link":"http:\/\/ateliersfurrer.com\/index.php\/2026\/03\/10\/greenlight-re-reports-record-underwriting-income-in-2025\/","title":{"rendered":"Greenlight Re reports record underwriting income in 2025"},"content":{"rendered":"

Cayman Islands-based reinsurer Greenlight Capital Re has posted a net income of $74.8m for 2025, up from $42.8m in 2024, while gross premiums written increased 11% to $773.3m.<\/p>\n

\"\"Greenlight Re\u2019s net premiums earned also rose 7% to $661.1m in 2025, while net underwriting income expanded to $35.7m, compared with an underwriting loss of $8.2m in the prior year.<\/p>\n

Reflecting the improved underwriting performance, the reinsurer\u2019s combined ratio improved to 94.6%, from 101.4% in 2024.<\/p>\n

Meanwhile, investment results declined year-on-year, with total investment income of $60.2m, compared with $79.6m in the previous year.<\/p>\n

In Q4 2025 alone, Greenlight Re reported net income of $49.3m, compared with a net loss of $27.4m in the same period of 2024.<\/p>\n

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\"Catastrophe<\/a><\/div>\n<\/div>\n

Quarterly gross premiums written rose 12% to $161.3m, while net premiums earned increased 12% to $165.6m.<\/p>\n

The firm generated net underwriting income of $13m in Q4 2025, compared with an underwriting loss of $18m in Q4 2024, driving a combined ratio of 92.1%, versus 112.1%.<\/p>\n

Investment performance was a major contributor to the quarterly result, with total investment income of $44.8m, compared with $2.6m in the prior-year quarter.<\/p>\n

Greg Richardson, Chief Executive Officer of Greenlight Re, said, \u201cWe are proud of our fourth quarter 2025 underwriting results, which resulted in a combined ratio of 92.1%, allowing us to close the year with a record underwriting income and a combined ratio of 94.6%.<\/p>\n

\u201cGrowth in gross premiums written and net premiums earned, coupled with our expanded investment income and our strong combined ratio, resulted in book value growth of 8.1% in the fourth quarter.\u201d<\/p>\n

David Einhorn, Chairman of the Board of Directors, commented, \u201cGreenlight Re had a solid year, with good results on both sides of the balance sheet; it grew fully-diluted book value per share 13.8%, above its cost of equity.<\/p>\n

\u201cI want to congratulate Greg and the team on the improved performance. The Solasglas investment portfolio gained 7.9% during the fourth quarter, with gains and positive alpha from longs, shorts and macro and returned 7.5% for the year, with most of the gains coming from macro.\u201d<\/p>\n

The post Greenlight Re reports record underwriting income in 2025<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cayman Islands-based reinsurer Greenlight Capital Re has posted a net income of $74.8m for 2025, up from $42.8m in 2024, while gross premiums written increased 11% to $773.3m. Greenlight Re\u2019s net premiums earned also rose 7% to $661.1m in 2025,…<\/p>\n","protected":false},"author":1,"featured_media":1028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"_links":{"self":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/1522"}],"collection":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/comments?post=1522"}],"version-history":[{"count":3,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/1522\/revisions"}],"predecessor-version":[{"id":1525,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/posts\/1522\/revisions\/1525"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media\/1028"}],"wp:attachment":[{"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/media?parent=1522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/categories?post=1522"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ateliersfurrer.com\/index.php\/wp-json\/wp\/v2\/tags?post=1522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}