Greenlight Re Announces Third Quarter 2018 Financial Results
GRAND CAYMAN, Cayman Islands – November 5, 2018 – Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today announced financial results for the third quarter ended September 30, 2018. Greenlight Re reported a net loss of $89.1 million for the third quarter of 2018, compared to net income of $19.9 million for the same period in 2017. The loss was primarily driven by a net investment loss during the period as well as an underwriting loss as a result of estimated losses from Hurricane Florence. The net loss per share for the third quarter of 2018 was $2.48, compared to net income per share of $0.53 for the same period in 2017.
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