Greenlight Capital Re, Ltd. Provides Earnings Guidance for the First Quarter Ended March 31, 2020
April 12, 2020
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Greenlight Capital Re, Ltd. provided earnings guidance for the first quarter ended March 31, 2020. The company expects net loss of $38 million to $43 million or ($1.05) to ($1.19) per fully diluted share; Net premiums written of $107 million to $112 million; Net premiums earned of $109 million to $114 million.
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. 