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.

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