Greenlight Capital Re, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 02, 2022 at 04:15 pm EDT
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Greenlight Capital Re, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net loss was USD 18.47 million compared to USD 13.85 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to USD 0.42 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to USD 0.42 a year ago.
For the nine months, net loss was USD 9.41 million compared to USD 6.73 million a year ago. Basic loss per share from continuing operations was USD 0.28 compared to USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 0.28 compared to USD 0.2 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.