earnings
confidence high
sentiment positive
materiality 0.65
Greenlight Re Q2 net income $0.6M, book value per share up 0.8% to $13.60; appoints three independent directors
GREENLIGHT CAPITAL RE, LTD.
2021-Q2 EPS reported
$0.21
revenue$284,936,000
- Q2 net income $0.6M ($0.02 EPS) vs loss $0.1M last year; combined ratio improved to 96.5% from 101.2%.
- Fully diluted book value per share rose 0.8% to $13.60; total investment income $2.0M, down from $5.5M.
- Appointed three independent directors: Johnny Ferrari, Ursuline Foley, Victoria Guest, expanding board to nine.
- New annual bonus program approved for 2021 based on adjusted operating profit and individual performance; share ownership policy adopted for executives and directors.
- Company repurchased 0.7M shares at avg $9.30 during Q2; $25M remaining in repurchase plan.