Greenlight Re Q2 net income triples to $49.9M; book value per share up 9.9%

GREENLIGHT CAPITAL RE, LTD.

2023-Q2 EPS reported $1.49 revenue$344,675,000

Net income $49.9M ($1.32 diluted EPS) vs $14.8M ($0.37) a year ago; total investment income $42.2M.
Gross premiums written up 15% to $154.9M; net premiums earned up 27% to $139.9M.
Combined ratio 96.2% (vs 91.6%), impacted by 7.3 points from U.S. severe storm losses.
Fully diluted book value per share rose 9.9% to $16.21 from $14.75 at March 31, 2023.
Solasglas fund returned 10.9% in Q2; chairman highlights gains in Green Brick Partners.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GREENLIGHT CAPITAL RE, LTD. reported the second quarter ended June 30, 2023 results: net income $49.9 million, EPS $1.32 per diluted ordinary share.

Period: the second quarter ended June 30, 2023
Net income: $49.9 million
EPS: $1.32 per diluted ordinary share
Result: reported results

Exact text from the filing

Net income of $49.9 million, or $1.32 per diluted ordinary share compared to a net income of $14.8 million, or $0.37 per diluted ordinary share;

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Source: SEC EDGAR

accession 0001385613-23-000094

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