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Stock impact report

Greenlight Re Announces Preliminary First Quarter 2020 Results

Greenlight Reinsurance, Ltd. - Class A Ordinary Shares (GLRE) 
Last greenlight reinsurance, ltd. - class a ordinary shares earnings: 2/27 04:04 pm Check Earnings Report
US:NASDAQ Investor Relations: greenlightre.ky
Company Research Source: GlobeNewswire
GRAND CAYMAN, Cayman Islands, April 13, 2020 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”), a global specialty property and casualty reinsurer headquartered in the Cayman Islands, today announced preliminary, unaudited financial estimates of its results of operations for the quarter ended March 31, 2020. On a preliminary estimated basis: The Company expects its results of operations for the quarter ended March 31, 2020 to reflect: A 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 millionNet premiums earned of $109 million to $114 millionAn underwriting loss of $1 million to an underwriting gain of $4 millionA composite ratio of 96% to 100%A combined ratio of 97% to 101%An investment loss in the Solasglas Investments, LP (“SILP”) fund of $42.2 million, representing a loss of 8.1% for the quarter as previously reported The Company expects a fully di Show less Read more
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