Greenlight Re Swings to $29.6M Q2 Loss on Catastrophe Claims and Investment Losses
GLRE sits 41% above its 52-week low of $11.565.
Summary
Greenlight Capital Re reported a Q2 2026 net loss of $29.6 million, driven by catastrophe claims and investment losses, while expanding its share buyback program and credit facilities.
Updates
· GlobeNewswire — Greenlight Re repurchased $14.2 million of stock in Q2 at an average $17.69 and an additional $3.9 million post-quarter at $16.42.
Key Events · Earnings and Guidance · GLRE
-
Q2 Net Loss of $29.6M
Net loss of $29.6 million ($0.89 per share) vs. net income of $0.3 million in Q2 2025, driven by underwriting losses and investment losses.
-
Catastrophe Losses Hit Underwriting
Underwriting loss of $0.2 million vs. income of $8.1 million a year ago, including $26.5 million in CAT losses from the Middle East conflict and a QatarEnergy explosion.
-
Solasglas Investment Loss
Loss from investment in related party fund Solasglas of $27.9 million (net return -5.4%) vs. loss of $18.3 million in Q2 2025.
-
Book Value Decline
Fully diluted book value per share decreased 3.7% to $20.61 from $21.40 at March 31, 2026.
Analysis · GLRE · Finance
A sharp reversal in Q2 2026 pushed Greenlight Capital Re to a net loss of $29.6 million, compared with a small profit a year ago. The swing was fueled by $26.5 million in catastrophe claims tied to the Middle East conflict and a QatarEnergy explosion, alongside a $27.9 million loss from its Solasglas investment fund. Underwriting swung to a loss, and fully diluted book value per share fell 3.7% to $20.61. On the strategic front, the company approved a new $40 million share repurchase plan and expanded its letter of credit facilities, adding capacity. Effective May 1, 2026, the management fee paid to DME Advisors was also reduced from 1.5% to 1.25% annually.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 36.7% of the 997 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GLRE was trading at $16.27 on NASDAQ in the Finance sector, with a market capitalization of approximately $542.6M. The 52-week trading range was $11.57 to $19.39. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.