NASDAQ$GLRE

Greenlight Capital Re Ltd · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported net income of $0.6 million and an increase in fully diluted book value per share of 0.8%.

Greenlight Capital Re reported a net income of $0.6 million for the second quarter of 2021, compared to a net loss of $0.1 million in the same quarter of the previous year. The combined ratio was 96.5%, an improvement from 101.2% in the second quarter of 2020. The company's fully diluted book value per share increased by 0.8% to $13.60.

  • Net income was $0.6 million, or $0.02 per share, compared to a net loss of $0.1 million, or $0.00 per share, in the second quarter of 2020.
  • Combined ratio was 96.5%, compared to a combined ratio of 101.2% in the second quarter of 2020.
  • Total investment income was $2.0 million, compared to total investment income of $5.5 million in the second quarter of 2020.
  • Fully diluted book value per share increased by $0.11, or 0.8%, to $13.60.

Headline financials

Total Revenue

$135M

Previous: $115M+17.2%
EPS (adj)

$0.02

Previous: -$0.00+1236.4%
Combined Ratio

96.5%

Previous: 101.2%-4.6%
Free Cash Flow

$628K

Previous: -$63K+1096.8%
Net Income

$628K

Previous: -$63K+1096.8%
Operating Income

$1.72M

Previous: -$13.6M+112.7%
Gross Profit

$9.93M

Previous: -$7.35M+235.0%
Cash & Equivalents

$35.2M

Previous: $7.32M+381.1%
Total Assets

$1.42B

Previous: $1.28B+11.2%
Stock-Based Comp

$827K

Previous: $840K-1.5%

Revenue & EPS history

Greenlight Capital Re · Revenue · Quarterly

$135M

Q2 2021+17.2%vs Q2 2020
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

Forward guidance

Greenlight Re is optimistic about the prospects of both its underwriting and Innovations investments.

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 Q2 2021

Historical avgQ2 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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