Greenlight Re Q1 net loss $5.7M; combined ratio 106.2%; book value down 2.4%

GREENLIGHT CAPITAL RE, LTD.

2022-Q1 EPS reported -$0.17 revenue$133,029,000

Net loss of $5.7M ($0.17 per share) vs net income of $6.5M in Q1 2021.
Combined ratio worsened to 106.2% from 101.5% a year earlier.
Russian-Ukrainian conflict added $13.6M (10.8 points) to the combined ratio.
Total investment income fell to $7.7M from $18.7M; Solasglas fund returned 1.7%.
Fully diluted book value per share decreased 2.4% to $13.65.

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