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Dec 31, 2021
Greenlight Capital Re Q4 2021 Earnings Report
Reported a strong fourth quarter with gains from underwriting, Solasglas and Innovations investments, leading to an increase in book value per share.
Key Takeaways
Greenlight Capital Re reported a net income of $24.3 million for the fourth quarter of 2021, with a combined ratio of 96.4%. The company's fully diluted book value per share increased by 5.6% to $13.99.
Net income for the quarter was $24.3 million, or $0.71 per share.
The combined ratio was 96.4%, an improvement from 101.0% in the fourth quarter of 2020.
Total investment income was $25.3 million.
Fully diluted book value per share increased by 5.6% to $13.99.
Greenlight Capital Re
Greenlight Capital Re
Forward Guidance
We now believe the investment environment has turned favorable for our strategy.