Quarterly ResultAug 4, 2026, 05:30 PM
Greenlight Capital Re Q2 Net Loss $29.6M; EPS $(0.89); Book Value $20.61
AI Summary
Greenlight Capital Re reported a net loss of $29.6 million, or $(0.89) per diluted ordinary share, for Q2 2026, compared to a net income of $0.3 million in Q2 2025. The combined ratio worsened to 100.1% due to CAT losses, and total investment loss was $23.8 million. Fully diluted book value per share decreased 3.7% to $20.61 from March 31, 2026. For the six months ended June 30, 2026, the company reported a net income of $6.2 million, down from $30.0 million in the prior year period. The company repurchased $14.2 million of shares in Q2 and an additional $3.9 million post-quarter.
Key Highlights
- Q2 2026 net loss was $29.6 million, compared to net income of $0.3 million in Q2 2025.
- Q2 2026 diluted EPS was $(0.89), down from $0.01 in Q2 2025.
- Fully diluted book value per share decreased 3.7% to $20.61 from $21.40 at March 31, 2026.
- Q2 2026 combined ratio was 100.1%, up from 95.0% in Q2 2025, driven by CAT losses.
- Q2 2026 total investment loss was $23.8 million, compared to a loss of $7.8 million in Q2 2025.
- Gross premiums written increased 2% to $183.1 million in Q2 2026.
- Net income for the six months ended June 30, 2026, was $6.2 million.
- Repurchased $14.2 million of ordinary shares in Q2 2026 at an average cost of $17.69 per share.
Price Impact
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