Greenlight Capital Re posts Q1 net income of $35.8M, improves combined ratio to 96.0%, and repurchases $5M in shares.

Greenlight Capital Re reported a net income of $35.8 million for Q1 2026, up from $29.6 million in Q1 2025, with earnings per diluted share rising to $1.05. The company improved its combined ratio to 96.0% from 104.6%, reflecting better underwriting profitability. Gross premiums written decreased 8% to $227.9 million, while total investment income remained steady at $40.4 million. Greenlight also repurchased $5 million of ordinary shares and increased its fully diluted book value per share by 4.7% to $21.40, signaling strong capital management and shareholder value growth.