Author: Wendy Lennon

Greenlight Capital Re, Ltd. Schedules Fourth Quarter 2022 Financial Results and Conference Call

Posted on by Wendy Lennon

GRAND CAYMAN, Cayman Islands – February 23, 2023 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the “Company” or “Greenlight Re”), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the quarter and year ended December 31, 2022, after the market closes on Wednesday, March 8, 2023. A live conference call to discuss the financial results will be held on Thursday, March 9, 2023, at 9:00 a.m. Eastern Time.

Greenlight Re Innovations Announces Investment in Embedded Insurance Platform Vertical Insure

Posted on by Wendy Lennon

GRAND CAYMAN, Cayman Islands and Minneapolis, MN – February 7, 2023 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re,” or “the Company”), through its Greenlight Re Innovations, today announced an investment in Vertical Insure, Inc. (“Vertical Insure”), a Minneapolis-based embedded insurance platform.

Vertical Insure is addressing distribution inefficiencies by embedding insurance in vertical Software as a Service (“SaaS”) platforms, targeting the SaaS platforms’ business clients and the underlying customers of those businesses. Vertical Insure works with managing general agents and carriers to provide additional distribution streams while providing its SaaS partners with a new source of revenue.

Greenlight Re Announces Third Quarter 2022 Financial Results

Posted on by Wendy Lennon

GRAND CAYMAN, Cayman Islands – November 2, 2022 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the three months ended September 30, 2022. The results included:

• A net loss of $18.5 million, or $0.56 per diluted ordinary share, compared to a net loss of $13.9 million, or $0.42 per diluted ordinary share, in the third quarter of 2021;
• A combined ratio of 115.4%, compared to a combined ratio of 109.3% in the third quarter of 2021;
• Total investment income of $11.6 million, compared to total investment income of $4.1 million in the third quarter of 2021; and
• A decrease in fully diluted book value per share of $0.55, or 3.9%, to $13.55.