Recent Updates — GLRE
Greenlight Capital Re reported a net loss of $29.6 million ($0.89 per diluted share) for the second quarter ended June 30, 2026, driven by a total investment loss of $23.8 million and a combined ratio of 100.1%. Gross premiums written increased 2% to $183.1 million. The company repurchased $14.2 million in shares at an average cost of $17.69 per share during the quarter. Additionally, Greenlight Capital Re entered into an Ordinary Share Repurchase Agreement with an affiliate of Chairman David Einhorn to buy back shares equal to 33% of its open market repurchases between August 7 and October 26, 2026, maintaining his ownership percentage at approximately constant levels. The company operates in the property and casualty reinsurance industry.