Month: March 2021
Greenlight Capital Re, Ltd. Fourth Quarter 2020 Earnings Call (Audio File)
Greenlight Re Announces Fourth Quarter and Year-End 2020 Financial Results
GRAND CAYMAN, Cayman Islands – March 10, 2021 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its 2020 fourth quarter and year-end financial results. The results included:
• Net income of $42.0 million, or $1.20 per share, compared to a net loss of $30.3 million, or $0.84 per share, in the fourth quarter of 2019.
• Combined ratio of 101.0%, compared to a combined ratio of 114.5% in the fourth quarter of 2019.
• Total investment income of $48.4 million, including $38.5 million of investment gains from the Solasglas fund.
• An increase in fully diluted book value per share of $1.39, or 11.6%, to $13.42.
Greenlight Capital Re Schedules Fourth Quarter and Year-End 2020 Financial Results and Conference Call
GRAND CAYMAN, Cayman Islands – March 1, 2021 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended December 31, 2020 after the market closes on Wednesday, March 10, 2021. A live conference call to discuss the financial results will be held on Thursday, March 11, 2021 at 9:00 a.m. Eastern time.