GREENLIGHT CAPITAL RE, LTD.

We are a global specialty property and casualty reinsurer headquartered in the Cayman Islands, with an underwriting and investment strategy that we believe differentiates us from most of our competitors. Our goal is to build long-term shareholder value by providing risk management solutions to the insurance, reinsurance, and other risk marketplaces.

For the three months ended June 30, 2026 (“Q2 2026”), we reported a net loss of $29.6 million, compared to $0.3 million net income for the three months ended June 30, 2025 (“Q2 2025”). The net loss was mainly attributable to CAT losses from underwriting and negative investment returns from Solasglas.

The following is a summary of our financial performance for Q2 2026, compared to Q2 2025:

•Gross premiums written was $183.1 million, an increase of 1.9%;

•Net premiums earned was $161.8 million, an increase of 0.1%;

•Net underwriting loss was $0.2 million, compared to net underwriting income of $8.1 million;

•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.

Fully diluted book value per share is a non-GAAP financial measure. See “Key Financial Measure and Non-GAAP Measures” section of this MD&A.