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Greenlight Capital Re, Ltd. Schedules Second Quarter 2024 Financial Results and Conference Call
GlobeNewswire News Room· 2024-07-30 20:15
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 Re(GLRE) - 2024 Q1 - Earnings Call Transcript
2024-05-12 00:40
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 ...
Greenlight Re(GLRE) - 2024 Q1 - Quarterly Report
2024-05-08 20:27
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 ...
Greenlight Re(GLRE) - 2024 Q1 - Quarterly Results
2024-05-08 20:23
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 ...
Greenlight Capital Re, Ltd. Schedules First Quarter 2024 Financial Results and Conference Call
Newsfilter· 2024-05-02 20:25
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 Re(GLRE) - 2023 Q4 - Earnings Call Transcript
2024-03-06 16:23
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. ...
Greenlight Re(GLRE) - 2023 Q4 - Annual Report
2024-03-05 22:09
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 ...
Greenlight Re(GLRE) - 2023 Q4 - Annual Results
2024-03-05 21:30
Premiums and Underwriting Performance - Gross premiums written decreased 11.8% to $112.3 million in Q4 2023, while net premiums earned increased 23.4% to $137.4 million[5]. - Full year gross premiums written increased 13.1% to $636.8 million, with net premiums earned rising 24.2% to $583.1 million[10]. - The increase in gross premiums written for the full year was driven by a 32.8% increase in Property premiums, an 8.0% increase in Casualty premiums, and a 12.9% increase in Specialty premiums[10]. - Net underwriting income for Q4 2023 was $11,755,000, compared to $6,519,000 in Q4 2022, reflecting an increase of 80.5%[22]. - The loss ratio for property insurance in Q4 2023 was 44.8%, a significant improvement from 82.6% in Q4 2022[24]. - Underwriting income for the full year 2023 was $32.0 million, compared to an underwriting loss of $10.7 million in 2022, resulting in a combined ratio improvement from 102.3% to 94.5%[11]. - The combined ratio for Q4 2023 improved to 91.4%, down from 94.2% in Q4 2022, driven by better pricing on the in-force underwriting book[7]. Financial Performance - Net income for Q4 2023 was $17.6 million, or $0.50 per diluted ordinary share, down from $34.8 million, or $0.91 per diluted ordinary share in Q4 2022[5]. - Net income for the year ended December 31, 2023, was $86,830,000, significantly higher than $25,342,000 in 2022[22]. - Basic earnings per share for the year ended December 31, 2023, was $2.55, compared to $0.75 in 2022, representing a 240% increase[22]. Investment Income - Total investment income for Q4 2023 was $13.6 million, down from $32.5 million in Q4 2022, while full year investment income was $66.1 million compared to $69.0 million in 2022[12]. - Total investment income for the year ended December 31, 2023, was $66,063,000, slightly down from $68,983,000 in 2022[22]. Shareholder Value - Fully diluted book value per share increased by $2.41, or 16.8%, to $16.74 at December 31, 2023, compared to $14.33 at the end of 2022[13]. - Fully diluted book value per share as of December 31, 2023, was $16.74, up from $14.33 in 2022, indicating growth in shareholder value[33]. Management and Future Outlook - The company successfully executed several executive management transitions and is well positioned for growth in 2024[4]. - Acquisition costs for the year increased to $168,877,000 from $143,148,000 in 2022, reflecting a rise of 18%[22]. Foreign Exchange Impact - The company reported foreign exchange gains of $3.9 million in Q4 2023, primarily due to the strengthening of the pound sterling[8].
Greenlight Re(GLRE) - 2023 Q3 - Earnings Call Transcript
2023-11-09 20:10
Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants David Sigmon - General Counsel Simon Burton - CEO David Einhorn - Chairman Faramarz Romer - CFO Conference Call Participants Anthony Mottolese - Dowling & Partners Ben Billiard - Pergam Operator Thank you for joining the Greenlight Capital Re Limited Third Quarter 2023 Earnings Conference. At this time, participants are in a listen-only mode. A question-and-answer session will follow t ...
Greenlight Re(GLRE) - 2023 Q3 - Quarterly Report
2023-11-08 21:22
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 September 30, 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 ________________________________________________________________ ...