Greenlight Re Innovations Announces Investment in Short-Term Rental Insurance Startup Safely

GRAND CAYMAN, Cayman Islands – October 18, 2022 – Greenlight Re Innovations (“GRI”), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), has announced an investment in SafelyStay, Inc (“Safely”).

With the rise of booking platforms such as Airbnb and Vrbo, the short-term home rental market has grown rapidly, and homeowners have become more aware of their homes’ revenue-generating potential. However, concerns about the possibility of property damage and liability exposure have left many homeowners reluctant to list their properties.

Greenlight Re to Host Investor Day in New York on November 17, 2022

GRAND CAYMAN, Cayman Islands – October 17, 2022 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a multiline property and casualty insurer and reinsurer, will host a live investor day in New York City on Thursday, November 17, 2022, beginning at 12pm ET.

At the event, members of the Company’s leadership team, including Chief Executive Officer Simon Burton and the Chairman of the Company’s Board of Directors, David Einhorn, will deliver a series of presentations followed by an open question-and-answer session.

Greenlight Re Announces Underwriting Leadership Changes

GRAND CAYMAN, Cayman Islands – October 5, 2022 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) is pleased to announce the following promotions within its underwriting leadership teams:

• Regan Cairns has been promoted as Chief Underwriting Officer of Greenlight Reinsurance Ltd., focusing on Financial Risks, North American Casualty, and Property classes.*
• Finbar (“Barry”) Griffin has been promoted as Chief Underwriting Officer of Greenlight Reinsurance Ireland, dac (“GRIL”), focusing on London Market Specialty and Funds at Lloyd’s classes.
• Kagabo Ngiruwonsanga has been promoted as Head of Underwriting of Innovations and will manage and oversee underwriting opportunities derived from Greenlight Re Innovations.*

*This appointment is subject to regulatory and immigration approvals.

Greenlight Re Announces Second Quarter 2022 Financial Results

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

• Net income of $14.8 million, or $0.37 per diluted ordinary share, compared to net income of $0.6 million, or $0.02 per diluted ordinary share, in the second quarter of 2021;
• A combined ratio of 91.6%, compared to a combined ratio of 96.5% in the second quarter of 2021;
• Total investment income of $17.2 million, compared to total investment income of $2.0 million in the second quarter of 2021; and
• An increase in fully diluted book value per share of $0.45, or 3.3%, to $14.10.

Greenlight Re Announces First Quarter 2022 Financial Results

GRAND CAYMAN, Cayman Islands – May 3, 2022 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the three months ended March 31, 2022. The results included:

• A net loss of $5.7 million, or $0.17 per share, compared to net income of $6.5 million, or $0.19 per share, in the first quarter of 2021;
• A combined ratio of 106.2%, compared to a combined ratio of 101.5% in the first quarter of 2021;
• Total investment income of $7.7 million, compared to total investment income of $18.7 million in the first quarter of 2021; and
• A decrease in fully diluted book value per share of $0.34, or 2.4%, to $13.65.