Greenlight Capital Re

Greenlight Capital Re Ltd. operates as a specialist property and casualty reinsurance company. It specializes in underwriting traditional property and casualty reinsurance, risk innovation, and strategic partnerships. The company was founded on July 13, 2004 and is headquartered in Camana Bay, Cayman Islands.

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Greenlight Capital Re reports solid Q4 performance amidst market changes

Greenlight Capital Re (GLRE) showcased a strong financial performance in Q4 2022, driven by positive market changes and strategic initiatives.
Despite underwriting challenges from catastrophic losses, the company demonstrated resilience and leadership in navigating operational hurdles.
Opportunities for revenue diversification and market expansion exist through innovation partnerships and strategic fund positioning.
The company's performance reflects a balance of financial strength, operational challenges, and strategic opportunities in a dynamic market environment.

Greenlight Capital Re reports steady Q1 growth amidst underwriting challenges

Greenlight Capital Re (GLRE) delivered a solid performance in Q1 2023, with growth in book value per share and net income. Despite challenges in underwriting results, the company demonstrated resilience and strategic focus on profitable opportunities.
The company's investments in companies like Green Brick Partners and Kyndryl Holdings paid off, while challenges with Brighthouse Financial and market uncertainties require careful navigation. Opportunities in Vitesco Technologies and insurtech valuations offer avenues for future growth and expansion.

Greenlight Capital Re reports robust Q2 earnings amidst strategic investments

Greenlight Capital Re's Q2 2023 earnings call highlighted strong financial performance, growth in book value per share, and strategic investments in insurance products. Despite challenges from severe storms and fluctuating premiums, the company is poised for improvements and margin opportunities.

Greenlight Capital Re posts strong Q3 results, plans for growth

Greenlight Capital Re's Q3 2023 performance reflects a solid financial position with growth in net income and book value per share.
The company's strategic focus on renewals, insurtech partnerships, and CEO transition signals a commitment to growth and innovation.
While facing challenges in operational performance and leadership transition, Greenlight Capital Re has opportunities for revenue growth and strategic collaborations.

Greenlight Capital Re reports robust Q4 performance and strategic growth

Greenlight Capital Re's Q4 2023 earnings call showcased strong financial performance and strategic insights into its investment portfolios. While facing challenges such as lower returns compared to market benchmarks, the company remains focused on niche investments and growth in key segments. With a solid foundation and growth opportunities identified, Greenlight Capital Re is poised for continued success in the market.

Greenlight Re reports strong Q1 performance amidst challenges and opportunities

Greenlight Capital Re (GLRE) delivered a robust performance in Q1 2024, driven by premium growth and solid net income.
The company faces challenges in managing expenses and external factors but remains well-positioned for growth.
Strategic investments, diversified portfolio, and focus on innovation present opportunities for future expansion and profitability.

Greenlight Capital Re reports solid Q2 performance and strategic growth moves

Greenlight Capital Re (GLRE) delivered a resilient performance in Q2 2024, with strong underwriting results and positive investment performance.
The company faces challenges from natural catastrophe losses and macroeconomic uncertainties but is well-positioned to capitalize on growth opportunities.
Increasing the Solasglas fund allocation and identifying growth prospects in property and specialty classes showcase strategic moves for future profitability.
Investor Day and ongoing communication efforts demonstrate transparency and commitment to engaging stakeholders in the company's growth trajectory.

Greenlight Capital Re (GLRE) reports robust Q3 earnings and growth prospects

Greenlight Capital Re (GLRE) delivered a strong performance in Q3 2024, with notable growth in net income and book value per share.
Despite challenges such as decreased premiums and higher expenses, the company maintained underwriting profitability and market confidence.
Strategic strengths in underwriting focus, specialty book growth, and investment income position Greenlight Capital Re (GLRE) for future opportunities.
By addressing challenges and leveraging opportunities, the company can sustain its financial strength and drive further growth in the market.

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Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q3 2024 Earnings Call November 5, 2024 9:00 AM ET Company Participants David Sigmon - General Counsel Greg Richardson - Chief Executive Officer David Einhorn - Chairman Faramarz Romer - Chief Financial Officer Conference Call Participants Operator Thank you for joining the Greenlight Capital Re, Ltd.

Greenlight Capital Re, Ltd. (GLRE) Q3 2024 Earnings Call Transcript

Achieves Combined ratio of 95.9% and Net income of $35.2 million; Leading to Earnings of $1.01 Per Diluted Share; Achieves Combined ratio of 95.9% and Net income of $35.2 million; Leading to Earnings of $1.01 Per Diluted Share;

Greenlight Re Announces Third Quarter 2024 Financial Results

GRAND CAYMAN, Cayman Islands, Oct. 29, 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 quarter ended September 30, 2024, after the market closes on Monday, November 4, 2024.  A live conference call to discuss the financial results will be held on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Third Quarter 2024 Financial Results and Conference Call

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Greenlight Reinsurance, Ltd. (Cayman Islands) and Greenlight Reinsurance Ireland, Designated Activity Company (Ireland). Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “bbb-” (Good) of Greenlight Capital Re, Ltd.

AM Best Revises Outlooks to Positive for Greenlight Capital Re, Ltd. and Its Subsidiaries

Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Corporate Participants David Sigmon - General Counsel Greg Richardson - Executive Officer David Einhorn - Chairman of the Board Faramarz Romer - Chief Financial Officer Conference Call Participants Eric Hagen - BTIG Operator Thank you for joining the Greenlight Capital Re Limited Second Quarter 2024 Earnings Conference Call.

Greenlight Capital Re, Ltd. (GLRE) Q2 2024 Earnings Call Transcript

Premium Growth of 9.1%; 2024 Investor Day to be Held on Tuesday November 19, 2024 Premium Growth of 9.1%; 2024 Investor Day to be Held on Tuesday November 19, 2024

Greenlight Re Announces Second Quarter 2024 Financial Results

GRAND CAYMAN, Cayman Islands, July 30, 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 quarter ended June 30, 2024, after the market closes on Tuesday, August 6, 2024.  A live conference call to discuss the financial results will be held on Wednesday, August 7, 2024, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Second Quarter 2024 Financial Results and Conference Call

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.

Greenlight Capital Re Ltd. (GLRE) Q1 2024 Earnings Call Transcript

Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million

Greenlight Re Announces First Quarter 2024 Financial Results

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.

Greenlight Capital Re, Ltd. Schedules First Quarter 2024 Financial Results and Conference Call

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 Capital Re, Ltd. (GLRE) Q4 2023 Earnings Call Transcript

Achieves Record Underwriting Income of $32.0 million for Full Year 2023 Achieves Record Underwriting Income of $32.0 million for Full Year 2023

Greenlight Re Announces Fourth Quarter and Year-end 2023 Financial Results

GRAND CAYMAN, Cayman Islands, Feb. 27, 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 fourth quarter and year ended December 31, 2023, after the market closes on Tuesday, March 5, 2024.  A live conference call to discuss the financial results will be held on Wednesday, March 6, 2024, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Fourth Quarter and Year-End 2023 Financial Results and Conference Call

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of Greenlight Capital Re, Ltd. (Cayman Islands) (GLRE) [NASDAQ: GLRE] and its subsidiaries remain unchanged following the announced departure of CEO Simon Burton, effective Dec. 31, 2023. Effective Jan. 1, 2024, succeeding Mr. Burton will be Greg Richardson, who served as chief risk and strategy officer at Transatlantic Holdings, Inc. from 2014 to 2023. Mr. Burton will continue to serve in an advisory role a.

AM Best Comments on Credit Ratings of Greenlight Capital Re, Ltd. and Subsidiaries Following Announced Departure of CEO Simon Burton

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.

Greenlight Capital Re, Ltd. (GLRE) Q3 2023 Earnings Call Transcript

Gross premiums written increased 18.0% Net income of $13.5 million ( $0.39 per diluted ordinary share ) Fully diluted book value per share increased 2.3% to $16.58

Greenlight Re Announces Third Quarter 2023 Financial Results

Simon Burton to Depart; Greg Richardson to be Appointed Chief Executive Officer, Effective January 1, 2024 Simon Burton to Depart; Greg Richardson to be Appointed Chief Executive Officer, Effective January 1, 2024

Greenlight Capital Re, Ltd. Announces New Chief Executive Officer

GRAND CAYMAN, Cayman Islands, Nov. 01, 2023 (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 quarter ended September 30, 2023, after the market closes on Wednesday, November 8, 2023.  A live conference call to discuss the financial results will be held on Thursday, November 9, 2023, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Third Quarter 2023 Financial Results And Conference Call

Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants David Sigmon - General Counsel Simon Burton - Chief Executive Officer David Einhorn - Chairman of the Board Faramarz Romer - Chief Financial Officer Conference Call Participants Operator Thank you for joining the Greenlight Capital Re's Second Quarter Earnings Conference.

Greenlight Capital Re, Ltd. (GLRE) Q2 2023 Earnings Call Transcript

Gross premiums written increased 15.0%  Net income of $49.9 million ($1.32 per diluted ordinary share )  Fully diluted book value per share increased 9.9% to $16.21

Greenlight Re Announces Second Quarter 2023 Financial Results

GRAND CAYMAN, Cayman Islands, July 26, 2023 (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 quarter ended June 30, 2023, after the market closes on Wednesday, August 2, 2023. A live conference call to discuss the financial results will be held on Thursday, August 3, 2023, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Second Quarter 2023 Financial Results and Conference Call

Gross premiums written increased 27.8% ; Net income of $5.9 million ( $0.17 per diluted ordinary share ) ; Fully diluted book value per share increased 1.1% to $14.75

Greenlight Re Announces First Quarter 2023 Financial Results

I analyzed Greenlight Re in 2019, 2021 and 2022. My conclusion was that investing with David Einhorn could be a rocky road. The reinsurance division had been loss-making for many years, with the company playing second fiddle in an increasingly competitive reinsurance market.

Revisiting Greenlight Capital Re: A Speculative Stock

GRAND CAYMAN, Cayman Islands, May 02, 2023 (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 quarter ended March 31, 2023, after the market closes on Tuesday, May 9, 2023. The leadership team will host a conference call to discuss the financial results and related matters on Wednesday, May 10, 2023, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules First Quarter 2023 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands, April 27, 2023 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today announced the appointment of David E. Sigmon as General Counsel, Corporate Secretary and Chief Compliance Officer, subject to regulatory and immigration approvals. In this role, Mr. Sigmon will be responsible for managing the Company's legal, regulatory, governance and compliance functions.

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