Greenlight Re reports Q1 net income of $27.0M; gross premiums up 16.5% to $217.3M

GREENLIGHT CAPITAL RE, LTD.

2024-Q1 EPS reported $0.78 revenue$191,313,000

Net income $27.0M ($0.78 diluted EPS) vs $5.9M ($0.17) in Q1 2023; underwriting income $3.4M.
Gross premiums written $217.3M (+16.5% YoY); net premiums earned $161.5M (+13.2%).
Combined ratio improved to 98.0% from 99.8%; catastrophe losses from Baltimore bridge added 7.7%.
Investment income $26.4M including $18.2M from Solasglas fund (5.2% return).
Book value per share $17.39, up 3.9% from $16.74 at Dec 31, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GREENLIGHT CAPITAL RE, LTD. reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 8, 2024, Greenlight Capital Re, Ltd. (the "Registrant") issued a press release announcing its financial results for the first quarter ended March 31, 2024. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

GREENLIGHT CAPITAL RE, LTD. reported first quarter ended March 31, 2024 results: revenue Gross premiums written increased 16.5% to $217.3 million, net income Net income of $27.0 million, or $0.78 per diluted ordinary share, compared to $5.9 million, or $0.17 per diluted ordinar, EPS $0.78 per diluted ordinary share.

Period: first quarter ended March 31, 2024
Revenue: Gross premiums written increased 16.5% to $217.3 million
Net income: Net income of $27.0 million, or $0.78 per diluted ordinary share, compared to $5.9 million, or $0.17 per diluted ordinar
EPS: $0.78 per diluted ordinary share
Result: reported results

Exact text from the filing

be expressly set forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- GREENLIGHT RE ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million GRAND CAYMAN, Cayman Islands – May 8, 2024 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported

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1349 earnings releases filed in the last 30 days. Browse all earnings releases →

GREENLIGHT CAPITAL RE, LTD. filing history →

Source: SEC EDGAR

accession 0001385613-24-000051

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