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Jun 30, 2022
Greenlight Capital Re Q2 2022 Earnings Report
Reported a strong quarter with growth in book value per share driven by underwriting and investments.
Key Takeaways
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.
Net income for the quarter was $14.8 million, or $0.37 per diluted ordinary share.
The combined ratio improved to 91.6% compared to 96.5% in the second quarter of 2021.
Total investment income increased to $17.2 million from $2.0 million in the prior year.
Fully diluted book value per share increased by 3.3% to $14.10.