September 19, 2018

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.

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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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