Greenlight Capital Re reports developments tied to its multiline property and casualty insurance and reinsurance business. The company operates through licensed and regulated reinsurance entities in the Cayman Islands and Ireland and through its Lloyd’s platform, Greenlight Innovation Syndicate 3456.
Recurring news covers underwriting performance, premiums, combined ratio, investment income, book value per share and ordinary-share repurchases. Company updates also address the Solasglas investment portfolio, AM Best credit ratings for Greenlight Re and its subsidiaries, and Greenlight Re Innovations, which supports technology companies in the insurance and reinsurance market with investment capital, risk capacity and network access.
Greenlight Capital Re (NASDAQ: GLRE) announces its upcoming Investor Day scheduled for Tuesday, November 19, 2024, in New York City. The event will commence at 12:00 PM ET with a luncheon followed by presentations from key leadership, including Board Chairman David Einhorn, CEO Greg Richardson, and CFO Faramarz Romer.
The program will conclude with a Q&A session allowing direct interaction with management. Due to space, advance registration is required through IR representative Karin Daly at IR@greenlightre.ky. Event materials and recording will be available on the company's website investor relations section.
Greenlight Capital Re (NASDAQ: GLRE) reported its Q3 2024 financial results with net income of $35.2 million, or $1.01 per diluted share, compared to $13.5 million in Q3 2023. The company achieved a combined ratio of 95.9% and gross premiums written of $168.3 million. Investment income reached $28.1 million, with Solasglas fund returning 5.2%. The company's fully diluted book value per share increased 6.1% to $18.72. Despite catastrophe losses from Hurricane Helene, Central European floods, and US severe convective storms adding 9.3% to the combined ratio, the company maintained profitable performance for the eighth consecutive quarter.
Greenlight Capital Re announced it will release its financial results for Q3 2024 after market close on Monday, November 4, 2024. The company will host a live conference call to discuss the results on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time. Participants can join via phone using U.S. toll-free number 1-877-407-9753 or international number 1-201-493-6739. A webcast option is also available. A replay will be accessible through November 11, 2024, using specific dial-in numbers and access code 13749374.
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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