Greenlight Captial Re (GLRE) Posts Mixed Q3 Results
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Greenlight Re Announces Third Quarter 2014 Financial Results
November 3, 2014 4:10 PM ESTGRAND CAYMAN, Cayman Islands, Nov. 3, 2014 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) today announced financial results for the third quarter ended September 30, 2014. Greenlight Re reported a net loss of $51.8 million for the third quarter of 2014, compared to net income of $56.5 million for the same period in 2013. The net loss per share for the third quarter of 2014 was $1.40, compared to fully diluted net income per share of $1.50 for the same period in 2013.
Fully diluted adjusted book value per share was $29.16 as of September 30, 2014, a 13.5% increase from $25.70 per share as of September 30, 2013.
"Our... More
Greenlight Re Announces Ratings Upgrade for Irish Subsidiary Greenlight Reinsurance Ireland, Ltd.
October 30, 2014 4:10 PM EDTGRAND CAYMAN, Cayman Islands, Oct. 30, 2014 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (Nasdaq: GLRE) ("GLRE"), a specialist property and casualty reinsurer based in the Cayman Islands and Ireland, today announced that A.M. Best Company has upgraded the financial strength rating for its Irish subsidiary Greenlight Reinsurance Ireland, Ltd. ("GRIL") to "A" (Excellent) with a stable outlook. Additionally, A.M. Best Company affirmed its rating of "A" (Excellent) with a stable outlook for Greenlight Reinsurance, Ltd. ("Greenlight Re")
"We are very pleased that A.M. Best has upgraded the rating and affirmed... More
