Greenlight Re Announces Second Quarter 2021 Financial Results
GRAND CAYMAN, Cayman Islands – August 3, 2021 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its 2021 second quarter financial results. The results included:
- Net income of $0.6 million, or $0.02 per share, compared to a net loss of $0.1 million, or $0.00 per share, in the second quarter of 2020.
- Combined ratio of 96.5%, compared to a combined ratio of 101.2% in the second quarter of 2020.
- Total investment income of $2.0 million, compared to total investment income of $5.5 million in the second quarter of 2020.
- An increase in fully diluted book value per share of $0.11, or 0.8%, to $13.60.