GREENLIGHT CAPITAL RE, LTD. (GLRE) Form 8-K — Aug 4, 2026
Greenlight Re reported a second quarter 2026 net loss of $29.6 million, or $0.89 per diluted ordinary share, versus net income of $0.3 million, or $0.01 per diluted share, in Q2 2025. The swing was driven by a $23.8 million total investment loss, including a $27.9 million loss on the Solasglas fund, and a $0.2 million net underwriting loss that pushed the combined ratio to 100.1% from 95.0% on catastrophe losses. First-half results stayed positive: net income of $6.2 million ($0.18 per diluted share), a 98.1% combined ratio versus 99.9% a year ago, and fully diluted book value per share up 0.9% year to date to $20.61.
Key figures
- Net Income
- -$29.6 million (Q2 2026) vs +$0.3 million (Q2 2025)
- Total Debt
- $8.8 million
- Total Assets
- $2.24 billion
- Cash Position
- $76.3 million (plus $526.8 million restricted cash)
- Shares Outstanding
- 32881538
- Eps diluted 1h
- 0.18
- H1 buybacks usd m
- 19.2
- Q2 buybacks usd m
- 14.2
- Repurchase period
- August 7, 2026 to October 26, 2026
- Bvps change ytd pct
- 0.9
- Net income 1h usd m
- 6.2
- Combined ratio q2 pct
- 100.1
- Expected closing date
- on or about October 30, 2026
- Fully diluted bvps usd
- 20.61
- Ytd2026 buybacks usd m
- 23.1
- Total debt leverage pct
- 1
- Jul1 aug3 buybacks usd m
- 3.9
- Q2 buyback avg price usd
- 17.69
- Shareholders equity usd m
- 697.7
- Combined ratio 1h 2026 pct
- 98.1
- Combined ratio q2 2025 pct
- 95
- Q2 shares repurchased count
- 803364
- Net premiums earned q2 usd m
- 161.8
- Ytd2026 buybacks pct of shares
- 4
- Gross premiums written 1h usd m
- 411.1
- Gross premiums written q2 usd m
- 183.1
- Jul1 aug3 buyback avg price usd
- 16.42
- Gross premiums written 1h yoy pct
- -4
- Gross premiums written q2 yoy pct
- 2
- Einhorn trust shares beneficially owned
- 1284428
- Repurchase formula pct of open market buybacks
- 33
Price after filing
Close on the filing date to close N calendar days later (from $16.65). Historical, not a forecast.
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.