Month: May 2021

Greenlight Re Announces First Quarter 2021 Financial Results

Posted on by Elliot Vernon

GRAND CAYMAN, Cayman Islands – May 5, 2021 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its 2021 first quarter financial results.

The results included:

  • Net income of $6.5 million, or $0.19 per share, compared to a net loss of $40.3 million, or $1.11 per share, in the first quarter of 2020.
  • Combined ratio of 101.5%, compared to a combined ratio of 98.9% in the first quarter of 2020.
  • Total investment income of $18.7 million, compared to a net loss of $35.3 million in the first quarter of 2020.
  • An increase in fully diluted book value per share of $0.07, or 0.5%, to $13.49.