Core Points - Greenlight Capital Re, Ltd. is set to release its financial results for the quarter ended September 30, 2024, after market close on November 4, 2024 [1] - A live conference call to discuss these results will take place on November 5, 2024, at 9:00 a.m. Eastern Time [1] Company Overview - Greenlight Re provides multiline property and casualty insurance and reinsurance through licensed entities in the Cayman Islands and Ireland, as well as its Lloyd's platform, Greenlight Innovation Syndicate 3456 [3] - The company employs a non-traditional investment approach aimed at achieving higher long-term returns compared to traditional reinsurance investment strategies [3] - Greenlight Re Innovations, the company's innovations unit, supports technology innovators in the (re)insurance sector by offering investment capital, risk capacity, and access to a broad insurance network [3]

Financial Data and Key Metrics Changes - Greenlight Re reported gross written premiums of $169 million, up 9.1% compared to Q2 2023 [4] - The company delivered net income of $8 million, equating to 1.5% growth in fully diluted book value per share during the quarter, or 6% on an annualized basis [4] - The combined ratio for the quarter was reported at 99.8% [4] - Net income decreased significantly from $49.9 million in Q2 2023 to $8 million in Q2 2024 [11] - Total net investment income was $12.6 million, down from $42.2 million in Q2 last year [14] - Fully diluted book value per share grew 11.9% over the last 12 months, reaching $17.65 as of June 30, 2024 [14] Business Line Data and Key Metrics Changes - Net written premiums increased by $8.9 million, or 6.2%, to $154.1 million compared to Q2 2023, driven by the specialty book [11] - Specialty book net premiums written increased by $25.9 million, or 76.4%, mainly within marine and energy classes, with a composite ratio decreasing to 72.2% [12] - Casualty book net premiums written decreased by $7.4 million, or 8.7%, with a composite ratio increasing to 104.9% [12] - Property book net premiums written decreased by $9.6 million, or 36.2%, with a composite ratio of 127.5% [13] Market Data and Key Metrics Changes - U.S. convective storm losses in Q2 were estimated at over $30 billion, roughly twice the 10-year average, impacting underwriting results [5] - The renewal season as of July 1 was in line with expectations, with reinsurers remaining disciplined and pricing attractive [6] Company Strategy and Development Direction - The company remains positive about growth opportunities in property and specialty classes while being cautious in casualty lines [6] - Greenlight Re is focusing on optimizing and driving return on equity (ROE) as a primary goal [20] - The allocation to the Solace Glass fund was increased from 60% to 70% of adjusted book value, effective August 1 [10][28] Management's Comments on Operating Environment and Future Outlook - Management acknowledged heightened macroeconomic uncertainty affecting financial services, including insurance and reinsurance [16] - The company feels well-positioned due to its portfolio strategies that hedge macroeconomic risks [16] - Management expressed confidence in the innovations book and its potential for significant growth [19] Other Important Information - The company generated $40.7 million of cash from operations during the first half of the year [14] - Total G&A expenses increased to $10.5 million, primarily due to headcount growth [13] - The company will host its 2024 Investor Day on November 19 in New York City [15] Q&A Session Summary Question: How is the company thinking about growing the insurance portfolio in light of macroeconomic conditions? - Management noted the macro backdrop includes heightened uncertainty, but the company feels resilient due to its portfolio strategies [16][17] Question: What are the perspectives on current capital allocation and the higher allocation to the investment portfolio? - Management highlighted the superior risk-adjusted returns of the investment portfolio and the decision to increase the allocation to Solace Glass as economically smart [22][23] Question: What is the outlook for further increases in the Solace Glass allocation? - Management indicated that future increases would be gradual, contingent on continued improvement in liquidity and performance [28]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ FORM 10-Q __________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33493 _____________________________________________________________________ ...

U.S. toll free 1-877-407-9753 A telephone replay will be available following the call through August 12, 2024. The replay of the call may be accessed by dialing 1-877-660-6853 (U.S. toll free) or 1-201-612-7415 (international), access code 13748042. An audio file of the call will also be available on the Company's website, www.greenlightre.com. Investor Relations Contact Karin Daly Vice President, The Equity Group Inc. (212) 836-9623 IR@greenlightre.ky Conference Call Details The conference call can also be ...

Greenlight Capital Re Ltd. (NASDAQ:GLRE) Q1 2024 Results Conference Call May 9, 2024 9:00 AM ET Company Participants David Sigmon - General Counsel, Corporate Secretary & Chief Compliance Officer Greg Richardson - Executive Officer David Einhorn - Chairman of the Board Faramarz Romer - Chief Financial Officer Operator Thank you for joining the Greenlight Capital Re Ltd First Quarter 2024 Earnings Conference. [Operator Instructions]. And as a reminder, this conference is being recorded. It is now my pleasure ...

FORM 10-Q __________________________ (Mark One) UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Washington, D.C. 20549 __________________________ or (Registrant's telephone number, including area code) Not Applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: | Title of each ...

First Quarter 2024 Results Gross premiums written in the first quarter of 2024 were $217.3 million, compared to $186.5 million in the first quarter of 2023. The $30.8 million increase, or 16.5%, was primarily due to growth in specialty and casualty lines. Earned premiums increased by $18.9 million, or 13.2%, to $161.5 million as the growth in premiums written during 2023 continued to earn out. GREENLIGHT RE ANNOUNCES FIRST QUARTER 2024 FINANCIAL RESULTS Strong Premium Growth of 16.5%, Leading to Net income ...

GRAND CAYMAN, Cayman Islands, May 02, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ:GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 8, 2024.  A live conference call to discuss the financial results will be held on Thursday, May 9, 2024, at 9:00 a.m. Eastern Time. Conference Call Details To particip ...

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Q4 2023 Earnings Conference Call March 6, 2024 9:00 AM ET Company Participants David Sigmon - General Counsel Greg Richardson - Chief Executive Officer David Einhorn - Chairman of the Board Faramarz Romer - Chief Financial Officer Pat O'Brien - Chief Executive Officer of Greenlight Re, Ireland Conference Call Participants Operator Hello, and welcome to the Greenlight Capital Re Limited 2023 Fourth Quarter and Full Year Financial Results Conference Call and webcast. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33493 Greenlight Capital Re, Ltd. (Exact Name of Registrant as Specified in Its Charter) Cayman Islands N/A (State or other jurisdiction of inco ...