GLRE Greenlight Capital Re
Price Chart
Executive Summary
Greenlight Capital Re reported strong Q4 and full-year 2025 results, with a significant turnaround in underwriting profitability. The combined ratio improved to 92.1% in Q4 (from 112.1% in Q4 2024) and 94.6% for the full year (from 101.4%), driven by higher premiums and lower loss ratios. Net income surged to $74.8 million ($2.17 per share) for the year, up from $42.8 million ($1.24), while fully diluted book value per share grew 13.8% to $20.43.
Key Financial Metrics
Actionable Insight
The sharp improvement in underwriting discipline and profitability, combined with strong investment returns, suggests a meaningful operational turnaround. Traders should monitor whether this trend continues into 2026 and whether the current stock price (~$14) reflects the improved book value ($20.43), indicating potential upside.
Key Facts
- Q4 net premiums earned increased 12% YoY to $165.6 million
- Q4 net underwriting income was $13.0 million vs. a $18.0 million loss in Q4 2024
- Full-year net income rose 74% to $74.8 million on $661.1 million in net premiums earned
- Combined ratio improved to 94.6% for the year from 101.4% in 2024
- Fully diluted book value per share increased 13.8% to $20.43
- Investment in Solasglas returned 7.5% for the year, contributing $35.7 million in income
Financial Impact
Net income up 74% YoY to $74.8 million; book value per share up 13.8%; underwriting swung from loss to $35.7 million profit
Risk Factors
- Investment performance remains concentrated in Solasglas, which contributed most of the investment gains
- Forward-looking statements cite risks including A.M. Best rating changes and catastrophe losses
- Total investment income declined slightly for the full year despite Solasglas gains, due to lower net investment income
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3252318 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 1, 2026
8d ago
|
8-K
| $14.94 $14.69 | ▼ −1.67% | ▼ −0.95% | $15.37 (+2.88%) |
|
May 20, 2026
20d ago
|
Insider Cluster
| $17.71 $17.61 | ▼ −0.56% | ▼ −0.76% | $15.37 (−13.21%) |
|
May 15, 2026
25d ago
|
Insider Cluster
| $17.52 $17.93 | ▲ +2.34% | ▲ +2.40% | $15.37 (−12.27%) |
|
May 5, 2026
5w ago
|
8-K
| $17.84 $17.80 | ▼ −0.22% | ▲ +0.11% | $15.37 (−13.85%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $18.81 $18.43 | ▼ −2.02% | ▼ −2.01% | $15.37 (−18.29%) |
|
Apr 6, 2026
9w ago
|
8-K
| $18.08 $18.38 | ▲ +1.66% | ▼ −0.88% | $15.37 (−14.99%) |
|
Mar 9, 2026
13w ago
|
Press Release
| $14.96 $14.88 | ▼ −0.53% | ▼ −0.43% | $15.37 (+2.74%) |
US Market Status
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