Greenlight Capital Re, Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 05, 2020 at 04:52 pm EDT
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Greenlight Capital Re, Ltd. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 114.745 million compared to USD 140.349 million a year ago. Net loss was USD 63,000 compared to net income of USD 15.314 million a year ago. Basic eps was USD 0 compared to USD 0.42 a year ago. For the half year, total revenue was USD 190.690 million compared to USD 299.103 million a year ago. Net loss was USD 40.333 million compared to net income of USD 21.220 million a year ago. Basic loss per share was USD 1.12 compared to basic earnings per share of USD 0.59 a year ago. Diluted loss per share was USD 1.12 compared to diluted earnings per share of USD 0.58 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.
GREENLIGHT CAPITAL RE, LTD. 
