Greenlight Re Announces Fourth Quarter and Year-end 2023 Financial Results
GRAND CAYMAN, Cayman Islands, March 05, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the fourth quarter and year-ended December 31, 2023.
- GRAND CAYMAN, Cayman Islands, March 05, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (“Greenlight Re” or the “Company”) today reported its financial results for the fourth quarter and year-ended December 31, 2023.
- We successfully executed several executive management transitions and believe we are well positioned going into 2024.”
Gross premiums written in the fourth quarter of 2023 were $112.3 million, compared to $127.4 million in the fourth quarter of 2022. - The Company recognized net underwriting income of $11.8 million in the fourth quarter of 2023.
- The combined ratio for the fourth quarter of 2023 was 91.4%, compared to 94.2% for the equivalent period in 2022.