Welcome to our dedicated page for Greenlight Captial RE, LTD. news (Ticker: GLRE), a resource for investors and traders seeking the latest updates and insights on Greenlight Captial RE, LTD. stock.
Greenlight Capital Re, Ltd. (GLRE) is a leading provider of property and casualty reinsurance, headquartered in Dublin, Ireland. The company operates through a single segment, focusing on the assumption of risk from property and casualty insurers in exchange for premiums. This strategic approach allows primary insurers to mitigate their risk exposure, while Greenlight Capital Re benefits from the steady revenue stream generated by these premiums.
Greenlight Capital Re is renowned for its robust financial performance and prudent investment strategies. The company has demonstrated consistent growth, achieving a record underwriting income of $32.0 million for the full year 2023. This success is attributed to its disciplined underwriting practices and a well-diversified investment portfolio.
The company recently announced significant leadership changes, with Simon Burton set to depart and Greg Richardson appointed as the new Chief Executive Officer, effective January 1, 2024. Under Richardson’s leadership, Greenlight Capital Re aims to continue its trajectory of growth and innovation.
Recent Achievements:
- Record underwriting income of $32.0 million for 2023.
- Strong premium growth of 16.5% in the first quarter of 2024, leading to a net income of $27.0 million.
Current Projects and Focus:
Greenlight Capital Re is currently focused on expanding its market presence and enhancing its service offerings. The company is investing in advanced risk assessment technologies to improve its underwriting capabilities. Additionally, it is exploring strategic partnerships to diversify its portfolio and offer innovative reinsurance solutions.
For the latest updates and information on Greenlight Capital Re’s performance, please refer to the company’s news section or contact their Investor Relations at IR@greenlightre.ky.
Greenlight Capital Re (NASDAQ: GLRE) announces its upcoming Investor Day scheduled for Tuesday, November 19, 2024, in New York City. The event will commence at 12:00 PM ET with a luncheon followed by presentations from key leadership, including Board Chairman David Einhorn, CEO Greg Richardson, and CFO Faramarz Romer.
The program will conclude with a Q&A session allowing direct interaction with management. Due to space, advance registration is required through IR representative Karin Daly at IR@greenlightre.ky. Event materials and recording will be available on the company's website investor relations section.
Greenlight Capital Re (NASDAQ: GLRE) reported its Q3 2024 financial results with net income of $35.2 million, or $1.01 per diluted share, compared to $13.5 million in Q3 2023. The company achieved a combined ratio of 95.9% and gross premiums written of $168.3 million. Investment income reached $28.1 million, with Solasglas fund returning 5.2%. The company's fully diluted book value per share increased 6.1% to $18.72. Despite catastrophe losses from Hurricane Helene, Central European floods, and US severe convective storms adding 9.3% to the combined ratio, the company maintained profitable performance for the eighth consecutive quarter.
Greenlight Capital Re announced it will release its financial results for Q3 2024 after market close on Monday, November 4, 2024. The company will host a live conference call to discuss the results on Tuesday, November 5, 2024, at 9:00 a.m. Eastern Time. Participants can join via phone using U.S. toll-free number 1-877-407-9753 or international number 1-201-493-6739. A webcast option is also available. A replay will be accessible through November 11, 2024, using specific dial-in numbers and access code 13749374.
Greenlight Capital Re, (NASDAQ: GLRE) reported its Q2 2024 financial results, showing 9.1% growth in gross premiums written to $169.0 million and a 13.2% increase in net premiums earned to $158.4 million. The company achieved net income of $8.0 million, or $0.23 per diluted ordinary share, compared to $49.9 million in Q2 2023. The combined ratio rose to 99.8% from 96.2% year-over-year, impacted by U.S. severe convective storm losses. Total investment income was $12.6 million, down from $42.2 million in Q2 2023. Fully diluted book value per share increased by 1.5% to $17.65. The company will host its 2024 Investor Day on November 19, 2024, in New York City.
Greenlight Capital Re, (NASDAQ: GLRE), a multiline property and casualty insurer and reinsurer, has announced the schedule for its Second Quarter 2024 financial results release and conference call. The company plans to release its financial results for the quarter ended June 30, 2024, after market close on Tuesday, August 6, 2024. A live conference call to discuss these results will be held on Wednesday, August 7, 2024, at 9:00 a.m. Eastern Time.
Investors and analysts can participate in the earnings call by dialing 1-877-407-9753 (U.S. toll-free) or 1-201-493-6739 (International). The call will also be accessible via webcast. A telephone replay will be available until August 12, 2024, and an audio file of the call will be posted on the company's website.
Greenlight Re announced its first quarter 2024 financial results, showcasing a 16.5% growth in gross premiums written, leading to a net income of $27.0 million. The company reported a combined ratio of 98.0%, with total investment income reaching $26.4 million. Additionally, fully diluted book value per share increased by 3.9% to $17.39.
Greenlight Capital Re, (NASDAQ: GLRE) is set to release its financial results for the first quarter of 2024 on May 8, 2024, with a live conference call scheduled for May 9, 2024, to discuss the results. The company is a multiline property and casualty insurer and reinsurer.
FAQ
What is the current stock price of Greenlight Captial RE, LTD. (GLRE)?
What is the market cap of Greenlight Captial RE, LTD. (GLRE)?
What does Greenlight Capital Re, Ltd. do?
Where is Greenlight Capital Re, Ltd. headquartered?
Who are the primary customers of Greenlight Capital Re, Ltd.?
What was the company's underwriting income for 2023?
Who is the new CEO of Greenlight Capital Re, Ltd.?
How much did Greenlight Capital Re earn in net income in the first quarter of 2024?
What recent achievements has Greenlight Capital Re had?
How can I contact Greenlight Capital Re's Investor Relations?
What are Greenlight Capital Re’s current projects?
Where can I find the latest updates on Greenlight Capital Re?
