Greenlight Capital Re (GLRE) investor relations material

Executive summary

• Annual General Meeting scheduled for July 28, 2026, to elect eleven directors, ratify Deloitte Ltd. as auditors, and hold a non-binding advisory vote on executive compensation.

• Board recommends voting FOR all director nominees, auditor ratification, and executive compensation resolution.

• 2025 financial highlights: net income of $74.8M (up from $42.8M in 2024), gross written premium up 10.7% to $773.3M, combined ratio improved to 94.6%, and return on average equity at 11.1%.

• AM Best upgraded financial strength rating to "A (Excellent)" for principal subsidiaries in 2025.

Voting matters and shareholder proposals

• Shareholders will vote on the election of eleven directors, ratification of Deloitte Ltd. as auditors for 2026, and a non-binding advisory vote on executive compensation.

• Each ordinary share is entitled to one vote; no shareholder may own more than 9.9% of voting power without board consent.

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of eleven nominees, with eight independent directors and a focus on diversity and refreshment.

• Board leadership is separated among Chair, CEO, and Lead Director roles.

• Four standing committees: Audit, Compensation, Nominating/Governance/Corporate Responsibility, and Underwriting, all with written charters.

• Annual board self-assessment and peer review process in place.

• Shareholder engagement and communication policies established.