February 22, 2019

Greenlight Capital Re reports 4Q loss


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Associated Press From Yahoo News

, Cayman Islands (AP) _ Greenlight Capital Re Ltd. () on Tuesday reported a fourth-quarter loss of $37.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Grand Cayman, company said it had a loss of $1.02.

The property and casualty reinsurance service provider posted revenue of $124.5 million in the period.

For the year, the company reported a loss of $45 million, or $1.21 per share, swinging to a loss in the period. Revenue was reported as $645.7 million.

Greenlight Capital Re shares have fallen 13 percent since the beginning of the year. The stock has dropped 25 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from . Access a Zacks stock report on GLRE at https://www.zacks.com/ap/GLRE

For more on this story go to: https://uk.news.yahoo.com/greenlight-capital-reports-4q-loss-100213641.html

IMAGE: Greenlight Capital Re Logo

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