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Mar 31, 2021
Greenlight Capital Re Q1 2021 Earnings Report
Reported an increase in book value per share during the quarter, driven by investment gains and underwriting business growth.
Key Takeaways
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.
Net income was $6.5 million, or $0.19 per share, compared to a net loss of $40.3 million, or $1.11 per share, in Q1 2020.
The combined ratio was 101.5%, compared to 98.9% in Q1 2020.
Total investment income was $18.7 million, compared to a net loss of $35.3 million in Q1 2020.
Fully diluted book value per share increased by 0.5% to $13.49.
Forward Guidance
Greenlight Re will hold a live conference call to discuss its financial results on Thursday, May 6, 2021, at 9:00 a.m. Eastern time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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