Exceptional Underwriting Results
Greenlight Re reported a record $22.3 million of underwriting income in Q3 2025, with a combined ratio of 86.6%, driven by strong underlying profitability and a benign catastrophe quarter.
Growth in Open Market Segment
The Open Market segment grew net written premiums by 9.5% to $140.4 million, with a combined ratio improvement of 10 points to 84.5% compared to the previous year.
Increase in Fully Diluted Book Value
Fully diluted book value per share increased 5.3% for the first 9 months of 2025, despite a 0.4% decrease in Q3.
Strong Performance in Gold Investments
Gold was the largest positive contributor to the Solasglas fund's performance, with its price rising 17% over the quarter.