Greenlight Re posts $29.6 million Q2 net loss, book value per share down 3.7%
Greenlight Capital Re reported a second-quarter 2026 net loss of $29.6 million, or $0.89 per diluted share, versus net income of $0.3 million a year earlier, with the combined ratio rising to 100.1% from 95.0% on catastrophe losses. The company also agreed to repurchase shares from a trust affiliated with Chairman David Einhorn so that his ownership percentage stays roughly constant, a deal that tracks the company's ongoing buybacks.
Key points
- Q2 2026 net loss of $29.6 million ($0.89 per diluted share) vs. net income of $0.3 million ($0.01 per share) in Q2 2025
- Combined ratio of 100.1% vs. 95.0%, driven by CAT losses; total investment loss of $23.8 million
- Fully diluted book value per share fell 3.7% to $20.61 from $21.40 at March 31, 2026
- Repurchase agreement with the David M. Einhorn 2021-07 Family Trust covers 33% of shares bought in the open market from August 7 to October 26, 2026, with closing expected around October 30, 2026
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.