---
title: "Greenlight Capital | 8-K: FY2025 Q1 EPS: USD 0.86"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239203654.md"
datetime: "2025-05-07T21:21:52.000Z"
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---

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# Greenlight Capital | 8-K: FY2025 Q1 EPS: USD 0.86

EPS: As of FY2025 Q1, the actual value is USD 0.86.

EBIT: As of FY2025 Q1, the actual value is USD 30.91 M.

### Segment Revenue

-   **Gross Premiums Written**: Increased by 14.1% to $247.9 million compared to the first quarter of 2024.
-   **Net Premiums Earned**: Increased by 4.3% to $168.5 million compared to the first quarter of 2024.

### Operational Metrics

-   **Net Underwriting Loss**: Reported a net underwriting loss of $7.8 million, compared to net underwriting income of $3.4 million in the first quarter of 2024.
-   **Combined Ratio**: Increased to 104.6% from 97.9% in the first quarter of 2024.
-   **Total Investment Income**: Increased to $40.5 million from $31.4 million in the first quarter of 2024.
-   **Net Income**: Increased to $29.6 million, or $0.86 per diluted ordinary share, compared to $27.0 million, or $0.78 per diluted ordinary share in the first quarter of 2024.
-   **Fully Diluted Book Value Per Share**: Increased by 5.1% to $18.87 from $17.95 at December 31, 2024.

### Cash Flow

-   **Cash and Cash Equivalents**: Decreased to $47.5 million from $64.7 million at December 31, 2024.
-   **Restricted Cash and Cash Equivalents**: Increased to $595.3 million from $584.4 million at December 31, 2024.

### Unique Metrics

-   **Income from Investment in Solasglas**: Increased to $32.2 million from $18.2 million in the first quarter of 2024.

### Outlook / Guidance

-   Greenlight Capital Re, Ltd. is positioning its Solasglas investment portfolio to have low gross and net exposure in anticipation of high market volatility, expecting improved investment opportunities in the future.
-   The company aims to continue delivering strong book value per share growth despite challenging market conditions.
-   The financial impact of the California wildfires was in line with preliminary loss estimates, contributing 14 combined ratio points for the quarter.

### Related Stocks

- [Greenlight Capital Re, Ltd. (GLRE.US)](https://longbridge.com/en/quote/GLRE.US.md)

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