Greenlight Re Enters Share Repurchase Deal with Einhorn Trust

Greenlight Capital Re, Ltd. has entered into an Ordinary Share Repurchase Agreement with the David M. Einhorn 2021-07 Family Trust. This strategic agreement aims to maintain Chairman David Einhorn's ownership percentage at an approximately constant level, mitigating potential adverse tax consequences arising from the company's ongoing share repurchase activities. Concurrently, the company reported its Q2 2026 financial results, which included a net loss of $29.6 million ($0.89 per diluted share) and a 3.7% decrease in fully diluted book value per share to $20.61. Despite a 2% increase in gross premiums written to $183.1 million, the combined ratio deteriorated to 100.1% due to CAT losses, while six-month results showed net income and improved combined ratio.