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Jun 30, 2021
Greenlight Capital Re Q2 2021 Earnings Report
Reported net income of $0.6 million and an increase in fully diluted book value per share of 0.8%.
Key Takeaways
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.
Net income was $0.6 million, or $0.02 per share, compared to a net loss of $0.1 million, or $0.00 per share, in the second quarter of 2020.
Combined ratio was 96.5%, compared to a combined ratio of 101.2% in the second quarter of 2020.
Total investment income was $2.0 million, compared to total investment income of $5.5 million in the second quarter of 2020.
Fully diluted book value per share increased by $0.11, or 0.8%, to $13.60.
Forward Guidance
Greenlight Re is optimistic about the prospects of both its underwriting and Innovations investments.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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