earnings
confidence high
sentiment positive
materiality 0.70
Greenlight Re Q3 net income $35.2M ($1.01/diluted); combined ratio 95.9%, book value up 6.1%
GREENLIGHT CAPITAL RE, LTD.
2024-Q3 EPS reported
$2.02
revenue$554,184,000
- Gross premiums written $168.3M down 8% YoY; net premiums earned $151.9M down 6.9%.
- Net underwriting income $6.1M vs $14.4M in Q3 2023; combined ratio 95.9% vs 91.2%.
- Total investment income $28.1M (Solasglas returned 5.2%; $19.8M gain) vs $5.1M.
- Diluted book value per share $18.72, up from $17.65 at June 30; repurchased 547K shares for $7.5M.
- Catastrophe losses (Hurricane Helene, European floods, US storms) added 9.3% to combined ratio.