earnings
confidence high
sentiment positive
materiality 0.70
Greenlight Re Q2 net income $14.8M ($0.37 EPS); combined ratio improves to 91.6%
GREENLIGHT CAPITAL RE, LTD.
2022-Q2 EPS reported
$0.23
revenue$254,447,000
- Net income $14.8M ($0.37/diluted) vs $0.6M a year ago; book value per share up 3.3% to $14.10.
- Combined ratio 91.6% vs 96.5% in Q2 2021; underwriting income $9.3M vs $4.6M.
- Total investment income $17.2M ($11.9M from DME fund, $5.3M from Innovations).
- Gross premiums written $134.8M, down 4.8% on reduced personal motor/workers' comp exposure.
- H1 2022 underwriting included $13.6M Russian-Ukraine conflict losses and $2.8M Tennessee wildfire losses.