Welcome to our dedicated page for Greenlight Capital Re news (Ticker: GLRE), a resource for investors and traders seeking the latest updates and insights on Greenlight Capital Re stock.
Greenlight Capital Re Ltd (GLRE) provides specialized property and casualty reinsurance solutions, combining underwriting expertise with strategic risk management. This page serves as the definitive source for official company updates and industry analysis, offering stakeholders timely insights into GLRE's operational and financial developments.
Access curated press releases, earnings reports, and strategic announcements to track the company's performance in global reinsurance markets. Key coverage areas include underwriting initiatives, investment portfolio updates, leadership changes, and responses to industry trends affecting property/casualty risk management.
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Greenlight Capital Re, (NASDAQ: GLRE) reported its Q2 2024 financial results, showing 9.1% growth in gross premiums written to $169.0 million and a 13.2% increase in net premiums earned to $158.4 million. The company achieved net income of $8.0 million, or $0.23 per diluted ordinary share, compared to $49.9 million in Q2 2023. The combined ratio rose to 99.8% from 96.2% year-over-year, impacted by U.S. severe convective storm losses. Total investment income was $12.6 million, down from $42.2 million in Q2 2023. Fully diluted book value per share increased by 1.5% to $17.65. The company will host its 2024 Investor Day on November 19, 2024, in New York City.
Greenlight Capital Re, (NASDAQ: GLRE), a multiline property and casualty insurer and reinsurer, has announced the schedule for its Second Quarter 2024 financial results release and conference call. The company plans to release its financial results for the quarter ended June 30, 2024, after market close on Tuesday, August 6, 2024. A live conference call to discuss these results will be held on Wednesday, August 7, 2024, at 9:00 a.m. Eastern Time.
Investors and analysts can participate in the earnings call by dialing 1-877-407-9753 (U.S. toll-free) or 1-201-493-6739 (International). The call will also be accessible via webcast. A telephone replay will be available until August 12, 2024, and an audio file of the call will be posted on the company's website.
Greenlight Re announced its first quarter 2024 financial results, showcasing a 16.5% growth in gross premiums written, leading to a net income of $27.0 million. The company reported a combined ratio of 98.0%, with total investment income reaching $26.4 million. Additionally, fully diluted book value per share increased by 3.9% to $17.39.
Greenlight Capital Re, (NASDAQ: GLRE) is set to release its financial results for the first quarter of 2024 on May 8, 2024, with a live conference call scheduled for May 9, 2024, to discuss the results. The company is a multiline property and casualty insurer and reinsurer.
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