Earnings ·
Greenlight Capital Re reports Q3 net income of $3.2M and announces director Joseph Platt's retirement
GLREGreenlight Capital RE, Ltd.
Greenlight Capital Re reported third-quarter net income of $3.2 million, or $0.10 per diluted share, compared to a loss of $4.4 million in the prior-year period. Net underwriting income was $14.6 million with a combined ratio of 90.5%. The company repurchased $8.0 million of ordinary shares during the quarter and fully diluted book value per share increased 0.8% to $20.78. Additionally, director Joseph Platt notified the board of his intent to retire effective December 31, 2026, after more than 22 years of service. Greenlight Capital Re provides multiline property and casualty insurance and reinsurance.