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Sep 30, 2020

Greenlight Capital Re Q3 2020 Earnings Report

Reported net income and an increase in fully diluted book value per share.

Key Takeaways

Greenlight Capital Re reported a net income of $2.2 million, or $0.06 per share, in the third quarter of 2020. Fully diluted book value per share increased to $12.03 at quarter end.

Net income was $2.2 million, or $0.06 per share.

Gross written premiums increased to $135.6 million.

Net written premiums increased 25.9% to $134.1 million.

Fully diluted book value per share increased $0.22, or 1.9%, to $12.03.

Total Revenue
$124M
Previous year: $138M
-10.3%
EPS
$0.06
Previous year: $0.14
-57.1%
Combined Ratio
100.4%
Previous year: 98%
+2.4%
Gross Profit
$117M
Previous year: $138M
-15.0%
Cash and Equivalents
$8.16M
Previous year: $11.8M
-30.7%
Total Assets
$1.3B
Previous year: $1.42B
-8.9%

Greenlight Capital Re

Greenlight Capital Re

Forward Guidance

Greenlight Capital Re will hold a live conference call to discuss its financial results for the quarter ended September 30, 2020 on Thursday, November 5, 2020 at 9:00 a.m. Eastern time.