Greenlight Capital Re Q2 2023 Earnings Report
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.
Greenlight Capital Re
Greenlight Capital Re
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.