Month: March 2022
Greenlight Re Donates US$25,000 to the Financial Assistance Programme
Greenlight Capital Re, Ltd. Fourth Quarter 2021 Earnings Call (Audio File)
Greenlight Re Announces Fourth Quarter And Year End 2021 Financial Results
GRAND CAYMAN, Cayman Islands – March 8, 2022 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the quarter and year ended December 31, 2021. The results included:
• Net income of $24.3 million, or $0.71 per share, compared to net income of $42.0 million, or$1.20 per share, in the fourth quarter of 2020;
• Combined ratio of 96.4%, compared to a combined ratio of 101.0% in the fourth quarter of 2020;
• Total investment income of $25.3 million, compared to total investment income of $48.4 million in the fourth quarter of 2020; and
• An increase in fully diluted book value per share of $0.74, or 5.6%, to $13.99.