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Dec 31, 2022
Greenlight Capital Re Q4 2022 Earnings Report
Reported a net income of $34.8 million and an increase in fully diluted book value per share of 7.7% for the quarter.
Key Takeaways
Greenlight Capital Re reported a strong fourth quarter with a net income of $34.8 million, or $0.91 per diluted ordinary share, and an increase in fully diluted book value per share of 7.7%. The company experienced gains in both underwriting and investing, with the Solasglas fund returning 13.4% during the quarter.
Net income for the quarter was $34.8 million, or $0.91 per diluted ordinary share.
Fully diluted book value per share increased by 7.7% to $14.59.
The combined ratio was 94.2%, compared to 96.4% in the fourth quarter of 2021.
Total investment income was $32.5 million, compared to $25.3 million in the fourth quarter of 2021.
Greenlight Capital Re
Greenlight Capital Re
Forward Guidance
Greenlight Re is experiencing some of the best underwriting conditions they have ever seen. Their near to medium term prospects are excellent.