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Dec 31, 2019
Greenlight Capital Re Q4 2019 Earnings Report
Greenlight Re reported a net loss for Q4 2019, impacted by catastrophe losses.
Key Takeaways
Greenlight Re reported a net loss attributable to common shareholders of $30.3 million for the fourth quarter of 2019, compared to a net loss of $80.8 million for the same period in 2018. The fully diluted net loss per share for the fourth quarter of 2019 was $0.84, compared to a net loss per share of $2.25 for the same period in 2018. The quarter was impacted by catastrophe losses related to typhoons Hagibis and Faxai.
Net loss attributable to common shareholders was $30.3 million.
Fully diluted net loss per share was $0.84.
Net earned premiums were $108.6 million.
Net underwriting loss was $15.8 million, impacted by $14.2 million in catastrophe losses.
Greenlight Capital Re
Greenlight Capital Re
Forward Guidance
Greenlight Re is optimistic about its positioning in 2020 to take advantage of improving market conditions. The company continues to evaluate strategic options to determine the best outcome for shareholders.
Positive Outlook
- Optimistic about positioning in 2020.
- Aiming to take advantage of improving market conditions.
- Strategic review process underway.
- Evaluating various options.
- Intending to determine the best outcome for shareholders.