Mar. 10 at 10:04 PM
$GLRE Greenlight Capital Re reports Q4 EPS (81c) vs. (50c) last year
Reports gross premiums written increased 28.0% to
$143.8M ;Net premiums earned increased 7.8% to
$148.1M; Net underwriting loss of
$18M , compared to net underwriting income of
$11.8M; Combined ratio of 112.1%, compared to 91.4%; Total investment income of
$2.6 M compared to
$14.1M; and Net loss of
$27.4 M or 81c per diluted ordinary share, compared to net income of
$17.6M , or 50c per diluted ordinary share. Gross Premiums Written Increased 28% To
$143.8M...Net income of
$42.8 million, or
$1.24 per diluted ordinary share, compared to
$86.8 million, or
$2.50 per diluted ordinary share; and Fully diluted book value per share increased 7.2% to
$17.95, from
$16.74 at December 31.
