Greenlight Capital Re Q4 2020 Earnings Report
Key Takeaways
Greenlight Capital Re reported a net income of $42.0 million for the fourth quarter of 2020, compared to a net loss of $30.3 million in the same period of 2019. The company's fully diluted book value per share increased by 11.6% to $13.42. The combined ratio improved to 101.0% from 114.5% in the prior year. Total investment income was $48.4 million, including $38.5 million from the Solasglas fund.
Net income was $42.0 million, or $1.20 per share, compared to a net loss of $30.3 million, or $0.84 per share, in Q4 2019.
The combined ratio improved to 101.0%, compared to 114.5% in Q4 2019.
Total investment income reached $48.4 million, including $38.5 million from the Solasglas fund.
Fully diluted book value per share increased by 11.6% to $13.42.
Greenlight Capital Re
Greenlight Capital Re
Forward Guidance
The company expects a global economic recovery as the pandemic subsides and are positioned for higher inflation, a strong housing market and rising interest rates.