Greenlight Capital Re swung to a Q2 2026 net loss of USD 29.6 million, with diluted EPS turning to a loss of USD 0.89.
Gross premiums written rose 1.9% to USD 183.1 million, while net premiums earned edged up 0.1% to USD 161.8 million.
Investment and underwriting performance weaken
Total investment results widened to a loss of USD 23.8 million, driven by a USD 27.9 million loss from its Solasglas investment.
Underwriting performance weakened, with net underwriting results turning to a loss of USD 236,000 as the combined ratio rose 5.1 percentage points to 100.1%.
Fully diluted book value per share (non-GAAP) fell 3.7% from the prior quarter to USD 20.61.
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