NASDAQ$GLRE

Greenlight Capital Re Ltd · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported a strong quarter with growth in book value per share driven by underwriting and investments.

Greenlight Capital Re reported a net income of $14.8 million for the second quarter of 2022, with a fully diluted book value per share increase of 3.3% to $14.10. The company's underwriting combined ratio was 91.6%, and total investment income was $17.2 million.

  • Net income for the quarter was $14.8 million, or $0.37 per diluted ordinary share.
  • The combined ratio improved to 91.6% compared to 96.5% in the second quarter of 2021.
  • Total investment income increased to $17.2 million from $2.0 million in the prior year.
  • Fully diluted book value per share increased by 3.3% to $14.10.

Headline financials

Total Revenue

$121M

Previous: $135M-9.7%
EPS (adj)

$0.37

Previous: $0.02+1750.0%
Combined Ratio

91.6%

Previous: 96.5%-5.1%
Free Cash Flow

$14.8M

Previous: $628K+2254.8%
Net Income

$14.8M

Previous: $628K+2254.8%
Operating Income

$7.52M

Previous: $1.72M+337.0%
Gross Profit

$24.3M

Previous: $9.93M+144.4%
Cash & Equivalents

$28M

Previous: $35.2M-20.5%
Total Assets

$1.49B

Previous: $1.42B+5.0%
Stock-Based Comp

$1.1M

Previous: $827K+32.8%

Revenue & EPS history

Greenlight Capital Re · Revenue · Quarterly

$121M

Q2 2022-9.7%vs Q2 2021

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 2022

Historical avgQ2 2022

-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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