GLRE — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-04

• •Total investment loss was $23.8 million, compared to investment loss of $7.8 million;

• •Diluted EPS loss was $0.89, compared to diluted EPS of $0.01; and

• •Fully diluted book value per share was $20.61, a decrease of 3.7% since last quarter.

• and expense, was a gain of $1.2 million and a loss of $2.6 million for three months ended June 30, 2026 and 2025, respectively, and a gain of $2.8 million and a loss of $6.1 million for the six months ended June 30, 2026 and 2025, respectively.

• Consolidated Results of Operations for Q2 2026 compared to Q2 2025

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• •Total investment income was $40.4 million, a decrease of 0.2%;

• •Fully diluted book value per share was $21.40, an increase of 4.7% since December 31, 2025.

• Consolidated Results of Operations for Q1 2026 compared to Q1 2025

• Net income for Q1 2026 increased by $6.1 million to $35.8 million, driven mainly by the following:

• •Underwriting income: Favorable change of $14.0 million, driven by 8.6 percentage points improvement in combined ratio, which was predominantly driven by 13.8 percentage points improvement in the loss ratio, offset partially by an increase in acquisition cost ratio and underwriting expense ratio. Th…

Text added vs the prior filing · source: 10-Q · 2026-08-04

• Refer to Item 7A included in our 2025 Form 10-K. The following is an update of material market risk changes since December 31, 2025.

• In connection with equity securities held by Solasglas at June 30, 2026, a 10% decline in the price of each of the underlying listed equity securities and equity-based derivative instruments would result in a $15.7 million unrealized loss on our investment in Solasglas (December 31, 2025: $18.5 mill…

• In connection with Solasglas’ long or short investment in commodities or derivatives directly impacted by fluctuations in the prices of commodities, the following table summarizes the net impact that a 10% decrease in commodity prices would have on the fair value of Solasglas’ investment portfolio. …

• At June 30, 2026, our interest rate risk exposure in Solasglas was predominantly related to interest rate derivatives. The fair value for these derivatives is sensitive to movements in the underlying benchmark yield curve, and a hypothetical 100 basis point parallel increase in the yield curve would…

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• Refer to Item 7A included in our 2025 Form 10-K. There have been no material changes to this item since December 31, 2025, except for the following.

• In connection with Solasglas’ long or short investment in commodities or derivatives directly impacted by fluctuations in the prices of commodities, the following table summarizes the net impact that a 10% movement in commodity prices would have on the fair value of Solasglas’ investment portfolio. …

• The following table table presents a sensitivity analysis of our total net foreign currency exposures presented in USD equivalent:

• At March 31, 2026, a 10% increase in the value of the U.S. dollar against foreign currencies (mostly Euro) would result in a $2.8 million unrealized loss on our investment in Solasglas (December 31, 2025:$3.2 million).

• At March 31, 2026, our interest rate risk exposure in Solasglas was predominantly related to interest rate derivatives. The fair value for these derivatives is sensitive to movements in the underlying benchmark yield curve, and a hypothetical 100 basis point parallel increase in the yield curve woul…

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• within the time periods specified by the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumula…