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Jun 30, 2023
Greenlight Capital Re Q2 2023 Earnings Report
Greenlight Capital Re's financial performance was reported for Q2 2023, marked by an increase in gross premiums written and net income, alongside a rise in fully diluted book value per share.
Key Takeaways
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.
Gross premiums written increased by 15.0% to $154.9 million.
Net income was $49.9 million, or $1.32 per diluted ordinary share.
Fully diluted book value per share increased by 9.9% to $16.21.
Total investment income was $42.2 million, driven by a 10.9% return from the Solasglas fund.
Forward Guidance
Greenlight Re will host a live conference call to discuss its financial results on Thursday, August 3, 2023, at 9:00 a.m. Eastern Time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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