Loading...
•
Sep 30, 2023
Greenlight Capital Re Q3 2023 Earnings Report
Reported increased gross premiums written and net income.
Key Takeaways
Greenlight Capital Re reported a net income of $13.5 million for the third quarter of 2023, a significant improvement compared to the net loss of $18.5 million in the same quarter of the previous year. The underwriting result led to a 2.3% increase in book value. Gross premiums written increased by 18.0%, and the combined ratio improved to 91.2% from 115.4%.
Gross premiums written increased 18.0% to $183.1 million.
Net premiums earned increased 33.8% to $163.1 million.
Underwriting income reached $14.4 million, a notable turnaround from the $18.9 million underwriting loss in the prior year.
Fully diluted book value per share increased 2.3% to $16.58.
Forward Guidance
No specific forward guidance was provided in the earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...