NASDAQ$GLRE

Greenlight Capital Re Ltd · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a net income of $34.8 million and an increase in fully diluted book value per share of 7.7% for the quarter.

Greenlight Capital Re reported a strong fourth quarter with a net income of $34.8 million, or $0.91 per diluted ordinary share, and an increase in fully diluted book value per share of 7.7%. The company experienced gains in both underwriting and investing, with the Solasglas fund returning 13.4% during the quarter.

  • Net income for the quarter was $34.8 million, or $0.91 per diluted ordinary share.
  • Fully diluted book value per share increased by 7.7% to $14.59.
  • The combined ratio was 94.2%, compared to 96.4% in the fourth quarter of 2021.
  • Total investment income was $32.5 million, compared to $25.3 million in the fourth quarter of 2021.

Headline financials

Total Revenue

$146M

Previous: $164M-11.5%
EPS (adj)

$0.91

Previous: $0.71+28.2%
Combined Ratio

94.2%

Previous: 96.4%-2.3%
Net Income

$34.8M

Previous: $24.3M+43.0%
Operating Income

$34.8M

Previous: $30.2M+15.2%
Gross Profit

$116M

Previous: $30.2M+284.3%
Cash & Equivalents

$38.2M

Previous: $76.3M-49.9%
Total Assets

$1.58B

Previous: $1.43B+10.7%
Stock-Based Comp

$1.42M

Previous: $845K+67.8%

Revenue & EPS history

Greenlight Capital Re · Revenue · Quarterly

$146M

Q4 2022-11.5%vs Q4 2021

Forward guidance

Greenlight Re is experiencing some of the best underwriting conditions they have ever seen. Their near to medium term prospects are excellent.

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 Q4 2022

Historical avgQ4 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro