Greenlight Re reports Q1 net income $5.9M; gross premiums written up 27.8%

First Quarter 2023 Highlights (all comparisons are to first quarter 2022 unless noted otherwise) : • Gross premiums written increased 27.8% to $186.5 million; • Net premiums earned increased 13.3% to $142.6 million; • Underwriting income of $0.4 million compared to an underwriting loss of $7.7 million; • Net income of $5.9 million, or $0.17 per diluted ordinary share compared to a net loss of $5.7 million, or $(0.17) per diluted ordinary share; • Combined ratio of 99.8%, compared to a combined ratio of 106.2%; • Total investment income of $5.2 million, compared to total investment income of $7.7 million; and • Fully diluted book value per share increased $0.16, or 1.1%, to $14.75, compared to $14.59 on December 31, 2022.