Financial Data and Key Metrics Changes - Fully diluted book value per share grew 11.6% in Q4 2020, ending at $13.42 per share [24] - Net income for Q4 2020 was $42 million or $1.20 per share, primarily driven by gains in the Solasglas investment [24] - The company reported an underwriting loss of $1.1 million during Q4 2020, with a combined ratio of 101% [24][28] - For the full year 2020, net income was $3.9 million or $0.11 per share, with a total underwriting loss of $1.6 million and a combined ratio of 100.4% [27][28] Business Line Data and Key Metrics Changes - Net written premiums for Q4 2020 were $117.7 million, up 20% from Q4 2019, largely due to new business written during 2020 [25] - Total general and administrative expenses for Q4 2020 were $8.3 million, a 13% increase from Q4 2019, mainly due to additional incentive compensation costs [26] - Total net investment income for Q4 2020 was $48.4 million, including $38.5 million from Solasglas [26] Market Data and Key Metrics Changes - The Solasglas fund returned 8.4% in Q4 2020, with longs contributing 14.1% and shorts detracting 4.9% [15] - The S&P 500 Index returned 12.1% during the same quarter [15] Company Strategy and Development Direction - The company has transformed its underwriting business over the past three years, focusing on higher margin business and minimizing systemic risk concentration [7][9] - The innovations business is growing and is seen as a source of attractive underwriting opportunities and investment gains [9][10] - The company is focused on cash efficiency and has made improvements in this area [62] Management's Comments on Operating Environment and Future Outlook - Management noted that 2020 was a challenging year for the reinsurance industry, but the company's performance was strong relative to the industry backdrop [5][22] - The underwriting environment is improving, and the company sees significant opportunities in various areas, including innovations and value investing [39][40] - Management emphasized the importance of focusing on margin expansion rather than just premium growth [41] Other Important Information - The company repurchased approximately 700,000 shares at an average cost of $7.60 per share during Q4 2020 [30] - The company established a service company in London to increase visibility and access to key markets [13] Q&A Session Summary Question: Impact of winter storms on exposure and rate environment - Management indicated that the company's exposure to the winter storms is limited, as they do not write much personal and commercial property directly in Texas [36] Question: Capital deployment strategy for 2021 - Management sees great opportunities in underwriting and innovations, with a focus on margin expansion rather than just premium growth [39][41] Question: COVID losses split between IBNR and actual case reserves - The majority of COVID losses are IBNR, with net financial impact being $7.1 million [42][43] Question: Changes in catastrophe load and combined ratio targets - Management stated that they are cautious about tail exposure and do not provide specific combined ratio targets [50][54] Question: AM Best rating and negative outlook - Management has a positive relationship with AM Best and is working towards removing the negative outlook, but specific criteria are not disclosed [57] Question: Use of restricted cash for traditional investments - Management noted that restricted cash is a common requirement for rated reinsurance companies, but they are focused on cash efficiency [62][65]

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, 2020 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. Securities registered pursuant to Section 12(b) of the Act: | Title of each class | Trading Symbol(s) | Name o ...

Greenlight Capital Re Ltd (NASDAQ:GLRE) Q3 2020 Earnings Conference Call November 5, 2020 9:00 AM ET Company Participants Simon Burton - CEO, Chief Underwriting Officer & Director David Einhorn - Chairman Neil Greenspan - CFO Conference Call Participants Mikel Abasolo - Solo Capital Management Suleman Soorani - Tricap Investments Operator Thank you for joining the Greenlight Re Conference Call for the Third Quarter of 2020 Earnings. The company reminds you that forward-looking statements that may be made i ...

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, 2020 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. (NASDAQ:GLRE) Q2 2020 Earnings Conference Call August 6, 2020 9:00 AM ET Company Participants Simon Burton - Chief Executive Officer David Einhorn - Chairman Tim Courtis - Chief Financial Officer Conference Call Participants Mikel Abasolo - Solo Capital Management Operator Good day and thank you for joining the Greenlight Re Conference Call for the Second Quarter of 2020 Earnings. The company reminds you that forward-looking statements that may have been made in this call are int ...

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, 2020 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. (NASDAQ:GLRE) Q1 2020 Earnings Conference Call May 6, 2020 9:00 AM ET Company Participants Simon Burton - Chief Executive Officer David Einhorn - Chairman Tim Courtis - Chief Financial Officer Conference Call Participants Michael Katz - Glenrock Advisory Associates Operator Thank you for joining the Greenlight Re conference call for the First Quarter 2020 Earnings. The company reminds you that forward-looking statements that may be made in this call are intended to be covered by ...

FORM 10-Q __________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________ ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to GREENLIGHT CAPITAL RE, LTD. (Exact name of registrant as specified in its charter) __________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR o 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 Capital Re, Ltd. (NASDAQ:GLRE) Q3 2019 Earnings Conference Call November 7, 2019 9:00 AM ET Company Participants Simon Burton - CEO David Einhorn - Chairman Tim Courtis - CFO Conference Call Participants Ethan Sharvit - Argos Capital Management Mikel Abasolo - Solo Capital Management Operator Thank you for joining the Greenlight Re Conference Call for the Third Quarter of 2019 Earnings. The company reminds you that forward-looking statements that may be made in this call are intended to be covere ...