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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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 Re has 3 interesting strategic pillars - underwriting, Innovations, and the investment portfolio. The Innovations business has so far proven very capable of making strategic partnerships with innovative, technology-focused insurance companies.

3 Pillars Are Working At Greenlight Capital

Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q4 2022 Results Conference Call March 9, 2023 9:00 AM ET Company Participants Karin Daly - Investor Relations Simon Burton - Chief Executive Officer David Einhorn - Chairman of the Board Neil Greenspan - Chief Financial Officer Faramarz Romer - Chief Accounting Officer Operator Thank you for joining the Greenlight Capital Re Limited Fourth Quarter and Year-End December 31, 2022, Earnings Conference Call.

Greenlight Capital Re, Ltd. (GLRE) Q4 2022 Earnings Call Transcript

GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the fourth quarter and year ended December 31, 2022. The results included: A net income of $34.8 million, or $0.91 per diluted ordinary share for the fourth quarter of 2022, compared to a net income of $24.3 million, or $0.71 per diluted ordinary share, in the fourth quarter of 2021; A combined ratio of 94.

Greenlight Re Announces Fourth Quarter and Year-Ended December 31, 2022 Financial Results

Faramarz Romer to be Appointed Chief Financial Officer Faramarz Romer to be Appointed Chief Financial Officer

Greenlight Re Announces Leadership Changes

GRAND CAYMAN, Cayman Islands, Feb. 23, 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 and year ended December 31, 2022, after the market closes on Wednesday, March 8, 2023.  A live conference call to discuss the financial results will be held on Thursday, March 9, 2023, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Fourth Quarter and Year-End 2022 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands and MINNEAPOLIS, Feb. 07, 2023 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re," or "the Company"), through its Greenlight Re Innovations, today announced an investment in Vertical Insure, Inc. ("Vertical Insure"), a Minneapolis-based embedded insurance platform.

Greenlight Re Innovations Announces Investment in Embedded Insurance Platform Vertical Insure

After a decade of mishaps, Greenlight Re has turned the corner. The insurance book has been de-risked.

Greenlight Gets A Greenlight

Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q3 2022 Results Conference Call November 3, 2022 9:00 AM ET Company Participants Simon Burton - Chief Executive Officer David Einhorn - Chairman Neil Greenspan - Chief Financial Officer Operator Thank you for joining the Greenlight Re Conference Call for the Third Quarter of 2022 Earnings.

Greenlight Capital Re, Ltd. (GLRE) Q3 2022 Earnings Call Transcript

Net loss for the quarter of $18.5 million Fully diluted book value per share decreased 3.9% in the quarter to $13.55

Greenlight Re Announces Third Quarter 2022 Financial Results

GRAND CAYMAN, Cayman Islands, Oct. 24, 2022 (GLOBE NEWSWIRE) -- Greenlight Re Innovations ("GRI"), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re" or the "Company"), has announced an investment in Otonomi, Inc. ("Otonomi"), a New York-based parametric cargo insurance platform.

Greenlight Re Innovations Announces Investment in Cargo Insurance Platform Otonomi

GRAND CAYMAN, Cayman Islands, Oct. 19, 2022 (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, 2022, after the market closes on Wednesday, November 2, 2022.  A live conference call to discuss the financial results will be held on Thursday, November 3, 2022, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Third Quarter 2022 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands, Oct. 18, 2022 (GLOBE NEWSWIRE) -- Greenlight Re Innovations ("GRI"), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re" or the "Company"), has announced an investment in SafelyStay, Inc ("Safely").

Greenlight Re Innovations Announces Investment in Short-Term Rental Insurance Startup Safely

GRAND CAYMAN, Cayman Islands, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re" or the "Company"), a multiline property and casualty insurer and reinsurer, will host a live investor day in New York City on Thursday, November 17, 2022, beginning at 12pm ET.

Greenlight Re to Host Investor Day in New York on November 17, 2022

GRAND CAYMAN, Cayman Islands, Oct. 05, 2022 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re" or the "Company") is pleased to announce the following promotions within its underwriting leadership teams:

Greenlight Re Announces Underwriting Leadership Changes

Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Simon Burton - Chief Executive Officer David Einhorn - Chairman Neil Greenspan - Chief Financial Officer Operator Good morning and thank you for joining the Greenlight Re Conference Call for the Second Quarter of 2022 Earnings.

Greenlight Capital Re, Ltd. (GLRE) CEO Simon Burton on Q2 2022 Results - Earnings Call Transcript

Net income for the quarter of $14.8 million Fully diluted book value per share increased 3.3% in the quarter to $14.10

Greenlight Re Announces Second Quarter 2022 Financial Results

GRAND CAYMAN, Cayman Islands, July 21, 2022 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended June 30, 2022, after the market closes on Tuesday, August 2, 2022. A live conference call to discuss the financial results will be held on Wednesday, August 3, 2022, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules Second Quarter 2022 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands, May 31, 2022 (GLOBE NEWSWIRE) -- Greenlight Re Innovations ("GRI"), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re" or the "Company"), has announced an investment in Garentii GmbH ("Garentii"), a security deposit replacement insurance MGA and platform based in Germany.

Greenlight Re Innovations Announces Investment in Security Deposit Replacement Insurance Startup Garentii

Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q1 2022 Earnings Conference Call April 4, 2022 9:00 AM ET Company Participants Simon Burton - CEO David Einhorn - Chairman Neil Greenspan - CFO Conference Call Participants Operator Thank you for joining the Greenlight Re Conference Call for the First Quarter of 2022 Earnings.

Greenlight Capital Re, Ltd. (GLRE) CEO Simon Burton on Q1 2022 Results - Earnings Call Transcript

Net loss for the quarter of $5.7 million  Fully diluted book value per share decreased 2.4% in the quarter to $13.65

Greenlight RE Announces First Quarter 2022 Financial Results

GRAND CAYMAN, Cayman Islands, April 22, 2022 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that it expects to release financial results for the quarter ended March 31, 2022, after the market closes on Tuesday, May 3, 2022.  A live conference call to discuss the financial results will be held on Wednesday, May 4, 2022, at 9:00 a.m. Eastern Time.

Greenlight Capital Re, Ltd. Schedules First Quarter 2022 Financial Results and Conference Call

GRAND CAYMAN, Cayman Islands, April 20, 2022 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) has received Lloyd's approval for Syndicate 3456 to commence underwriting, effective April 1st, 2022. Greenlight Innovation Syndicate 3456 was launched under the syndicate in a box (“SIAB”) model and has appointed Andy Gladwin as Active Underwriter. The syndicate will provide insurance capacity to insurtechs within Greenlight Re's growing portfolio of insurtech partnerships.

Greenlight Re Commences Underwriting at Lloyd's Through Syndicate 3456

GRAND CAYMAN, Cayman Islands, March 24, 2022 (GLOBE NEWSWIRE) -- Greenlight Re Innovations ("GRI"), part of Greenlight Capital Re, Ltd. (NASDAQ: GLRE) ("Greenlight Re" or the "Company"), has announced an investment in AuditCover Australia Pty Limited ("AuditCover"), a tax audit insurtech.

Greenlight Re Innovations Announces Investment in Audit Insurance Startup AuditCover

Greenlight Capital Re, Ltd. (GLRE) CEO Simon Burton on Q4 2021 Results - Earnings Call Transcript

Net income for the quarter of $24.3 million Fully diluted book value per share increased 5.6% in the quarter to $13.99

News for Greenlight Capital Re Stock (GLRE)