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Net Premiums Earned by Segment
Net premiums earned by segment show the portion of written premiums recognized as revenue in the period, reflecting the pace at which business converts into reported revenue. For GLRE, comparing earned versus written premiums reveals timing effects, renewal dynamics and whether current revenue reflects recent underwriting activity.Open Market’s earned-premium pulse rallied mid‑period then retreated to earlier levels, reflecting a soft reinsurance market and management’s deliberate nonrenewals—management now expects written premiums to be lower year‑over‑year. Innovations is the clear growth vector, expanding consistently via new business and Syndicate activity, but management warned its recent underwriting loss means top‑line gains aren’t yet secure for margins. Corporate contribution has dwindled to neutral/negative, removing a small earnings buffer; watch Innovations’ combined ratio and Open Market pricing for durable profit improvement.
Date | Open Market | Innovations | Corporate |
|---|---|---|---|
Jun 30, 2026 | $136.94M | $24.87M | $0.00 |
Mar 31, 2026 | $128.98M | $25.17M | -$2.00K |
Dec 31, 2025 | $141.41M | $24.23M | -$24.00K |
Sep 30, 2025 | $144.43M | $21.00M | -$8.00K |
Jun 30, 2025 | $140.55M | $21.39M | -$299.00K |
Mar 31, 2025 | $149.64M | $19.00M | -$183.00K |
Dec 31, 2024 | $127.87M | $19.01M | $1.25M |
Sep 30, 2024 | $126.58M | $21.79M | $3.51M |
Jun 30, 2024 | $125.86M | $25.35M | $7.18M |
Mar 31, 2024 | $131.61M | $20.20M | $9.73M |