{"id":195049,"date":"2026-03-10T10:30:50","date_gmt":"2026-03-10T10:30:50","guid":{"rendered":"https:\/\/www.reinsurancene.ws\/?p=195049"},"modified":"2026-03-10T09:54:52","modified_gmt":"2026-03-10T09:54:52","slug":"greenlight-re-reports-record-underwriting-income-in-2025","status":"publish","type":"post","link":"https:\/\/www.reinsurancene.ws\/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’s 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>

\"Artemis<\/a><\/div><\/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

“Growth 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

“I 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","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’s 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 […]<\/p>\n","protected":false},"author":18,"featured_media":180866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[44,597],"class_list":["post-195049","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-greenlight-re","tag-results"],"acf":[],"yoast_head":"\nGreenlight 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