Greenlight Re FY2023 record underwriting income $32M; book value +16.8% to $16.74

GREENLIGHT CAPITAL RE, LTD.

Full year net income $86.8M ($2.50 diluted EPS) vs $25.3M in 2022, up 243%.
Record underwriting income $32.0M; combined ratio 94.5% vs 102.3% in 2022.
Fully diluted book value per share $16.74, up 16.8% from $14.33 at Dec 2022.
Gross premiums written up 13.1% to $636.8M; net premiums earned up 24.2% to $583.1M.
Q4 combined ratio 91.4% (vs 94.2%); underwriting income $11.8M (vs $6.5M).

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