earnings
confidence high
sentiment positive
materiality 0.75
Greenlight Re Q4 net income $34.8M, book value up 7.7% to $14.59
GREENLIGHT CAPITAL RE, LTD.
- Q4 net income $34.8M ($0.91/diluted share) vs $24.3M ($0.71) in Q4 2021; combined ratio 94.2% vs 96.4%.
- Fully diluted book value per share increased 7.7% to $14.59.
- Q4 total investment income $32.5M; Solasglas fund returned 13.4% (25.3% full year).
- Full-year 2022 underwriting loss $10.7M (combined ratio 102.3%) from $13.6M Russia-Ukraine and $25.7M catastrophe losses.
- Full-year net premiums earned $469.5M, down 12.9% YoY; gross written premiums $563.2M, flat.