Greenlight Re Q4 net income $24.3M; book value per share up 5.6% to $13.99

GREENLIGHT CAPITAL RE, LTD.

Net income $24.3M ($0.71/sh) vs $42.0M in Q4 2020; combined ratio improved to 96.4% from 101.0%.
Diluted book value per share increased 5.6% to $13.99.
Gross premiums written up 6.3% to $125.1M; net premiums earned up 12.8% to $135.9M.
Investment income $25.3M; Solasglas fund contributed $22.3M gain.
Full-year net income $17.6M; gross written premiums up 17.8% to $565.4M.

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