Greenlight Capital Re Reports Return to Profitability in Q3 2026
Greenlight Capital Re (GLRE) returned to profitability in the third quarter of 2026, reporting a net income of $3.2 million ($0.10 per diluted share), a significant turnaround from the $4.4 million net loss recorded in the same period last year. The company achieved a strong combined ratio of 90.5%, supported by a relatively benign catastrophe environment and underwriting income of $14.6 million. While gross written premiums saw a slight 1% decrease to $181.9 million, the Innovations segment showed robust growth with a 46% increase in gross written premiums. The company continues to prioritize capital returns, having repurchased 5.4% of its outstanding shares for $30.5 million year-to-date. Despite market volatility affecting long and short portfolios, book value per share grew by 0.8% during the quarter.
Tickers: $GLRE
Topics: Gross Written Premiums Net Income Profitability Underwriting Income
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