Greenlight Re Announces Third Quarter 2021 Financial Results
GRAND CAYMAN, Cayman Islands - November 3, 2021 - Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its 2021 third quarter financial results. The results included:
- Net loss of $13.9 million, or $0.42 per share, compared to net income of $2.2 million, or $0.06 per share, in the third quarter of 2020.
- Combined ratio of 109.3%, compared to a combined ratio of 100.4% in the third quarter of 2020.
- Adjusted combined ratio, which excludes the impact of catastrophes, improved to 90.3%, compared to an adjusted combined ratio of 93.6% in the third quarter of 2020.
- Total investment income of $4.1 million, compared to total investment income of $6.9 million in the third quarter of 2020.
- A decrease in fully diluted book value per share of $0.35, or 2.6%, to $13.25.
