Greenlight Capital Re Q2 2021 Earnings Report
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.
Greenlight Capital Re
Greenlight Capital Re
Forward Guidance
Greenlight Re is optimistic about the prospects of both its underwriting and Innovations investments.