Greenlight Capital Re, Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 08, 2023 at 09:15 pm
Share
Greenlight Capital Re, Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net income was USD 34.75 million compared to USD 24.3 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 0.71 a year ago.
For the full year, net income was USD 25.34 million compared to USD 17.58 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 0.51 a year ago. Diluted earnings per share from continuing operations was USD 0.73 compared to USD 0.51 a year ago.
Greenlight Capital Re, Ltd. provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland, and its Lloyd's platform, Greenlight Innovation Syndicate 3456. Its property business covers personal lines, commercial lines exposures and automobile physical damage. The property business includes both catastrophe and non-catastrophe coverage. Its casualty business covers general liability, motor liability, professional liability, and workers compensation exposures. The Company's multi-line business includes the Funds at Lloyd's business. Its other business covers accident and health, financial (including transactional liability, mortgage insurance, surety, and trade credit), marine, energy, as well as other specialty business, such as aviation, crop, cyber, political, and terrorism exposures. Its subsidiaries include Greenlight Reinsurance, Ltd., Greenlight Re Marketing (UK) Limited, and others.