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Dec 31, 2023
Greenlight Capital Re Q4 2023 Earnings Report
Achieved record underwriting income for the full year and demonstrated strong balance sheet performance.
Key Takeaways
Greenlight Capital Re reported a net income of $17.6 million for Q4 2023, with underwriting income increasing to $11.8 million. The fully diluted book value per share increased by 3.7% to $16.74. The company demonstrated strong performance in both underwriting and investment activities.
Gross premiums written decreased by 11.8% to $112.3 million.
Net premiums earned increased by 23.4% to $137.4 million.
Underwriting income increased to $11.8 million, compared to $6.5 million in the same quarter of the previous year.
Net income was $17.6 million, or $0.50 per diluted ordinary share, compared to $34.8 million, or $0.91 per diluted ordinary share, in Q4 2022.
Greenlight Capital Re
Greenlight Capital Re
Forward Guidance
The company is well-positioned going into 2024.