Greenlight Capital Re reported a net loss of $29.6 million for the second quarter of 2026, compared to net income of $0.3 million a year earlier, as investment losses widened and catastrophe losses pushed its combined ratio above 100%. Gross premiums written rose 2% to $183.1 million, but the company posted a net underwriting loss of $0.2 million versus underwriting income of $8.1 million in the prior-year period, with the combined ratio deteriorating to 100.1% from 95.0%. Total investment loss was $23.8 million, driven by a $27.9 million loss from its Solasglas investment fund, compared to a $7.8 million loss a year ago. Fully diluted book value per share fell 3.7% to $20.61 from $21.40 at March 31, 2026, and the company repurchased $14.2 million of ordinary shares during the quarter. For the first six months of 2026, net income was $6.2 million, down from $30.0 million in the same period of 2025, while gross premiums written decreased 4% to $411.1 million.
Greenlight Capital Re LtdNet loss and investment losses drove book value down
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