NASDAQ$GLRE
Greenlight Capital Re Ltd · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Reported a net loss due to investment loss, but reinsurance business showed resilience.
Greenlight Re reported a net loss attributable to common shareholders of $40.3 million, or $1.11 per share, for the first quarter of 2020, compared to a net income of $5.9 million, or $0.16 per share, for the same period in 2019. The net loss was primarily due to an investment loss in the Solasglas Investments, LP fund. Gross written premiums were $109.8 million, compared to $162.6 million in the first quarter of 2019.
- Net loss per share was $1.11 for the quarter.
- Fully diluted book value per share was $11.63 at quarter end.
- Net underwriting income was $1.3 million, compared to a net underwriting loss of $21.8 million in the first quarter of 2019.
- Net investment loss was $35.3 million, compared to net investment income of $32.3 million in the first quarter of 2019.
Headline financials
Revenue & EPS history
Greenlight Capital Re · Revenue · Quarterly
$75.9M
Forward guidance
Greenlight Re completed its review of strategic transaction alternatives, concluding that stockholder value is likely to be better enhanced on a standalone basis than by pursuing a transaction with a third party. The company expanded its share repurchase program in order to capitalize on the current market opportunity to maximize shareholder value.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2020
-0.5%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+0.5%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+21.6%
Q2 2019
Best reaction
-18.6%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.9% | +1.7% | -14.7% | |
| Q4 2025 | +5.4% | +9.9% | +32.3% | |
| Q3 2025 | -1.6% | +6.4% | +13.9% | |
| Q1 2025 | +0.2% | -1.0% | +7.1% | |
| Q4 2024 | -3.1% | -3.5% | -5.7% | |
| Q3 2024 | +8.1% | +9.3% | +11.1% | |
| Q2 2024 | -2.6% | +0.2% | +11.7% | |
| Q1 2024 | +3.5% | +3.4% | +0.1% | |
| Q4 2023 | +2.1% | -0.2% | +1.8% | |
| Q3 2023 | -4.4% | -4.1% | +0.0% | |
| Q2 2023 | +5.8% | +10.8% | +6.1% | |
| Q1 2023 | -1.1% | -5.3% | -0.8% | |
| Q4 2022 | +3.7% | -2.9% | -5.8% | |
| Q3 2022 | -9.4% | -5.2% | -5.8% | |
| Q2 2022 | +2.6% | +3.6% | +10.9% | |
| Q1 2022 | +5.6% | +0.1% | +8.8% | |
| Q4 2021 | -3.2% | -8.9% | -8.1% | |
| Q3 2021 | -1.5% | +2.7% | -7.2% | |
| Q2 2021 | -1.9% | +1.3% | -6.8% | |
| Q1 2021 | -2.7% | -4.9% | +0.8% | |
| Q4 2020 | +8.1% | +10.9% | +7.4% | |
| Q3 2020 | +0.5% | +12.1% | +12.0% | |
| Q2 2020 | +4.7% | +14.3% | +7.8% | |
| Q1 2020 | -0.8% | +8.4% | +20.9% | |
| Q4 2019 | -18.6% | -24.7% | -29.8% | |
| Q3 2019 | -1.4% | -2.0% | -6.7% | |
| Q2 2019 | +21.6% | +15.7% | +16.6% | |
| Q1 2019 | -11.3% | -13.6% | -17.3% | |
| Q4 2018 | -4.2% | -3.6% | -6.9% | |
| Q3 2018 | -3.3% | -4.2% | -14.6% | |
| Q2 2018 | +8.5% | -2.8% | -7.1% | |
| Q1 2018 | +0.0% | +0.3% | -7.7% | |
| Q4 2017 | -6.9% | -8.1% | -13.9% | |
| Q3 2017 | -2.4% | -3.1% | -0.2% | |
| Q2 2017 | +6.6% | +7.3% | +3.8% | |
| Q1 2017 | -3.7% | -6.9% | -5.8% | |
| Q4 2016 | -0.2% | -3.4% | -7.9% | |
| Q3 2016 | +2.5% | +13.8% | +16.0% | |
| Q2 2016 | -3.7% | -1.8% | +4.0% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2015 | +0.1% | — | — | |
| Q3 2015 | -6.8% | — | — | |
| Q2 2015 | -4.5% | — | — | |
| Q1 2015 | -0.4% | — | — | |
| Q4 2014 | -2.5% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | -2.5% | — | — | |
| Q1 2014 | -2.1% | — | — | |
| Q4 2013 | -0.3% | — | — | |
| Q3 2013 | +2.4% | — | — | |
| Q2 2013 | +3.7% | — | — | |
| Q1 2013 | +3.0% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q4 2011 | -0.8% | — | — | |
| Q3 2012 | -5.5% | — | — | |
| Q2 2012 | -0.5% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2009 | -6.6% | — | — | |
| Q3 2011 | -5.6% | — | — | |
| Q3 2010 | -5.6% | — | — | |
| Q2 2010 | +1.0% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q2 2011 | +1.0% | — | — | |
| Q1 2010 | -6.1% | — | — |
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