Net Income Expands to $29.6 million Despite California Wildfire Losses, Leading to Fully Diluted Book Value Per Share Growth of 5.1% GRAND CAYMAN, Cayman Islands, May 07, 2025 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company") today reported its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights (all comparisons are to first quarter 2024 unless noted otherwise): Gross premiums written increased 14.1% to $247.9 million;Net premiums earned increased 4.3% to $168.5 million;Net underwriting loss of $7.8 million, compared to net underwriting income of $3.4 million;Combined ratio of 104.6%, compared to 97.

GRAND CAYMAN, Cayman Islands, May 02, 2025 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the first quarter ended March 31, 2025, after the market closes on Wednesday, May 7, 2025. A live conference call to discuss the financial results will be held on Thursday, May 8, 2025, at 9:00 a.m. Eastern Time. Conference Call Details To participate in the Greenlight Re First Quarter 2025 Earnings Call, please dial in to the conference call at: U.S. toll free1-877-407-9753International1-201-493-6739   The conference call can al

GRAND CAYMAN, Cayman Islands, March 10, 2025 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company") today reported its financial results for the fourth quarter and year ended December 31, 2024. Effective December 31, 2024, the Company restructured its reportable segments to better align with its multi-pillar strategy. Moving forward, the Company will report financial results under two segments, Open Market and Innovations. Additionally, prior-period results have been revised to ensure consistency with the new reporting structure. Fourth Quarter 2024 Highlights (all comparisons are to fourth quarter 2023 unless noted otherwise): Gross premiums wr

GRAND CAYMAN, Cayman Islands, March 03, 2025 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the fourth quarter and full year ended December 31, 2024, after the market closes on Monday, March 10, 2025. A live conference call to discuss the financial results will be held on Tuesday, March 11, 2025, at 9:00 a.m. Eastern Time. Conference Call Details To participate in the Greenlight Re Fourth Quarter and Full Year 2024 Earnings Call, please dial in to the conference call at:  U.S. toll free         1-877-407-9753 Interna

GRAND CAYMAN, Cayman Islands, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company") today reported its financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Highlights (all comparisons are to third quarter 2023 unless noted otherwise): Gross premiums written of $168.3 million compared to $183.1 million;Net premiums earned of $151.9 million, compared to $163.1 million;Net underwriting income of $6.1 million, compared to $14.4 million;Total investment income of $28.1 million, compared to $5.1 million;Net income of $35.2 million, or $1.01 per diluted ordinary share, compared to $13.5 million, or $0.39 pe

GRAND CAYMAN, Cayman Islands, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the quarter ended September 30, 2024, after the market closes on Monday, November 4, 2024.  A live conference call to discuss the financial results will be held on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time. Conference Call Details To participate in the Greenlight Re Third Quarter 2024 Earnings Call, please dial in to the conference call at: U.S. toll free        1-877-407-9753 International        1-201-493-6739 The

GRAND CAYMAN, Cayman Islands, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company") today reported its financial results for the second quarter ended June 30, 2024. Second Quarter 2024 Highlights (all comparisons are to second quarter 2023 unless noted otherwise): Gross premiums written increased 9.1% to $169.0 million;Net premiums earned increased 13.2% to $158.4 million;Underwriting income of $0.3 million, compared to $5.4 million;Total investment income of $12.6 million, compared to $42.2 million;Net income of $8.0 million, or $0.23 per diluted ordinary share, compared to $49.9 million, or $1.32 per diluted ordinary share;Combin

GRAND CAYMAN, Cayman Islands, July 30, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the quarter ended June 30, 2024, after the market closes on Tuesday, August 6, 2024.  A live conference call to discuss the financial results will be held on Wednesday, August 7, 2024, at 9:00 a.m. Eastern Time. Conference Call Details  To participate in the Greenlight Re Second Quarter 2024 Earnings Call, please dial in to the conference call at:        U.S. toll free   1-877-407-9753       International   1-201-493-6739 The

GRAND CAYMAN, Cayman Islands, May 08, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company") today reported its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights (all comparisons are to first quarter 2023 unless noted otherwise): Gross premiums written increased 16.5% to $217.3 million;Net premiums earned increased 13.2% to $161.5 million;Underwriting income of $3.4 million, compared to $0.4 million;Net income of $27.0 million, or $0.78 per diluted ordinary share, compared to $5.9 million, or $0.17 per diluted ordinary share;Combined ratio of 98.0%, compared to 99.8%;Total investment income of $26.4

GRAND CAYMAN, Cayman Islands, May 02, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 8, 2024.  A live conference call to discuss the financial results will be held on Thursday, May 9, 2024, at 9:00 a.m. Eastern Time. Conference Call Details To participate in the Greenlight Re First Quarter 2024 Earnings Call, please dial in to the conference call at: U.S. toll free  1-877-407-9753International  1-201-493-6739     The conference call

GRAND CAYMAN, Cayman Islands, May 01, 2025 (GLOBE NEWSWIRE) -- Greenlight Reinsurance, Ltd. ("Greenlight Re" or the "Company"), a subsidiary of Greenlight Capital Re, Ltd. (NASDAQ:GLRE), today announced the appointment of Martin Vezina as Head of Underwriting Analytics with immediate effect. In this capacity, Vezina will play a pivotal role in overseeing Greenlight Re's underwriting analytics and pricing function and will be based out of the Company's headquarters in Grand Cayman. "I am excited to join Greenlight Re and look forward to the continued enhancement of the Company's underwriting platform. Through my prior collaboration with various members of the Greenlight Re team, I have com

GRAND CAYMAN, Cayman Islands, April 27, 2023 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company") today announced the appointment of David E. Sigmon as General Counsel, Corporate Secretary and Chief Compliance Officer, subject to regulatory and immigration approvals. In this role, Mr. Sigmon will be responsible for managing the Company's legal, regulatory, governance and compliance functions. "I am excited to join the innovative Greenlight Re team and look forward to utilizing my breadth of knowledge in traditional insurance and (re)insurance in an effort to further build the Company for the future," said Mr. Sigmon. Simon Burton, Chief Executi

GRAND CAYMAN, Cayman Islands, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company"), has appointed Brian O'Reilly as Head of Innovations. Commenting on the promotion, Simon Burton, Chief Executive Officer at Greenlight Re said: "As a founding member of Greenlight Re Innovations, Brian has done a tremendous job positioning Greenlight as a strategic partner to early stage insurtechs. In his new role, Brian is responsible for the growth of the unit, which is increasingly important to Greenlight's brand and product offerings." Brian O'Reilly said, "I look forward to continuing to support our 18 portfolio companies and, at this exciting

GRAND CAYMAN, Cayman Islands, June 15, 2021 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) ("Greenlight Re" or the "Company"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced the appointment of Heejae Cho as Head of Innovation Underwriting. Ms. Cho joins Greenlight Re with over 18 years of senior underwriting and actuarial experience at ACE, XL and Arch. She will be responsible for managing the underwriting activities within the growing Greenlight Re Innovations unit, which supports technology innovators and evaluates potential applications to the Company's reinsurance operations. Before joining Greenlight Re, Ms. Cho l