Greenlight Capital Re Earnings Reports

Greenlight Re's Q4 2024 revenue reached $148.1 million, reflecting a 7.8% increase in net premiums earned. However, the company reported a net loss of $27.4 million due to reserve strengthening related to the Russia-Ukraine conflict and catastrophe losses, including Hurricane Milton and the Jeju Air crash. The combined ratio rose to 112.1%, compared to 91.4% in the prior year. Investment income was significantly lower at $2.6 million compared to $14.1 million in Q4 2023.

Greenlight Capital Re reported strong first-quarter earnings, driven by a 16.5% increase in gross premiums written and significant investment income. The company achieved underwriting profitability for the sixth consecutive quarter, with net income of $27.0 million.

Greenlight Capital Re reported a net income of $17.6 million for Q4 2023, with underwriting income increasing to $11.8 million. The fully diluted book value per share increased by 3.7% to $16.74. The company demonstrated strong performance in both underwriting and investment activities.

Greenlight Capital Re reported a net income of $13.5 million for the third quarter of 2023, a significant improvement compared to the net loss of $18.5 million in the same quarter of the previous year. The underwriting result led to a 2.3% increase in book value. Gross premiums written increased by 18.0%, and the combined ratio improved to 91.2% from 115.4%.

Greenlight Capital Re reported a strong second quarter in 2023, with gross premiums written increasing by 15.0% and net income reaching $49.9 million, or $1.32 per diluted ordinary share. The fully diluted book value per share also saw a significant increase of 9.9% to $16.21. However, the combined ratio was impacted by severe storms in the U.S.

Greenlight Capital Re reported a net income of $5.9 million, or $0.17 per diluted ordinary share, for the first quarter of 2023, compared to a net loss of $5.7 million in the same period last year. Gross premiums written increased by 27.8% to $186.5 million, and the combined ratio improved to 99.8%.

Greenlight Capital Re reported a strong fourth quarter with a net income of $34.8 million, or $0.91 per diluted ordinary share, and an increase in fully diluted book value per share of 7.7%. The company experienced gains in both underwriting and investing, with the Solasglas fund returning 13.4% during the quarter.

Greenlight Capital Re reported a net loss of $18.5 million for the third quarter of 2022, with a fully diluted book value per share decreasing by 3.9% to $13.55. The company's results were impacted by natural catastrophes, inflation, and rising interest rates, but the investment platform and risk management approach helped to mitigate the decline. The Solasglas fund returned 3.6% despite negative returns in most equity markets.

Greenlight Capital Re reported a net income of $14.8 million for the second quarter of 2022, with a fully diluted book value per share increase of 3.3% to $14.10. The company's underwriting combined ratio was 91.6%, and total investment income was $17.2 million.

Greenlight Capital Re reported a net loss of $5.7 million for the first quarter of 2022, impacted by the Russian-Ukrainian conflict. The investment portfolio managed by DME Advisors returned 1.7%.

Greenlight Capital Re reported a net income of $24.3 million for the fourth quarter of 2021, with a combined ratio of 96.4%. The company's fully diluted book value per share increased by 5.6% to $13.99.

Greenlight Capital Re reported a net loss of $13.9 million for the third quarter of 2021, driven by significant catastrophe losses. However, the adjusted combined ratio, excluding catastrophes, improved compared to the previous year, and the Innovations unit delivered positive investment returns.

Greenlight Capital Re reported a net income of $0.6 million for the second quarter of 2021, compared to a net loss of $0.1 million in the same quarter of the previous year. The combined ratio was 96.5%, an improvement from 101.2% in the second quarter of 2020. The company's fully diluted book value per share increased by 0.8% to $13.60.

Greenlight Capital Re reported a net income of $6.5 million for the first quarter of 2021, a significant improvement compared to the net loss of $40.3 million in the same period of 2020. The company's book value per share increased, driven by investment gains and growth in the underwriting business, despite challenges from winter storms.

Greenlight Capital Re reported a net income of $42.0 million for the fourth quarter of 2020, compared to a net loss of $30.3 million in the same period of 2019. The company's fully diluted book value per share increased by 11.6% to $13.42. The combined ratio improved to 101.0% from 114.5% in the prior year. Total investment income was $48.4 million, including $38.5 million from the Solasglas fund.

Greenlight Capital Re reported a net income of $2.2 million, or $0.06 per share, in the third quarter of 2020. Fully diluted book value per share increased to $12.03 at quarter end.

Greenlight Capital Re reported a net loss of $0.1 million for the second quarter of 2020, compared to a net income of $15.3 million in the same quarter of the previous year. The fully diluted book value per share increased to $11.81, driven by share repurchases during the quarter. The company's underwriting operations experienced a loss, impacted by COVID-19 related losses, while investment income provided a positive contribution.

Greenlight Re reported a net loss attributable to common shareholders of $40.3 million, or $1.11 per share, for the first quarter of 2020, compared to a net income of $5.9 million, or $0.16 per share, for the same period in 2019. The net loss was primarily due to an investment loss in the Solasglas Investments, LP fund. Gross written premiums were $109.8 million, compared to $162.6 million in the first quarter of 2019.

Greenlight Re reported a net loss attributable to common shareholders of $30.3 million for the fourth quarter of 2019, compared to a net loss of $80.8 million for the same period in 2018. The fully diluted net loss per share for the fourth quarter of 2019 was $0.84, compared to a net loss per share of $2.25 for the same period in 2018. The quarter was impacted by catastrophe losses related to typhoons Hagibis and Faxai.