Greenlight Re Announces Fourth Quarter and Year-End 2019 Financial Results
GRAND CAYMAN, Cayman Islands – March 9, 2020 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today announced financial results for the fourth quarter ended December 31, 2019. Greenlight Re reported a net loss attributable to common shareholders of $30.3 million for the fourth quarter of 2019, compared to a net loss attributable to common shareholders of $80.8 million for the same period in 2018. The fully diluted net loss per share for the fourth quarter of 2019 was $0.84, compared to a net loss per share of $2.25 for the same period in 2018. The Company’s fourth quarter of 2019 was impacted by catastrophe losses related to typhoons Hagibis and Faxai. Fully diluted adjusted book value per share was $12.88 as of December 31, 2019, compared to $13.10 per share as of December 31, 2018 and $13.67 as of September 30, 2019.
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