Greenlight Capital Re: 1Q Earnings Snapshot
GRAND CAYMAN, Cayman Islands (AP) _ Greenlight Capital Re Ltd. (GLRE) on Tuesday reported a first-quarter loss of $40.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had a loss of $1.11.
The property and casualty reinsurance service provider posted revenue of $75.9 million in the period. Its adjusted revenue was $118.1 million.
Greenlight Capital Re shares have dropped 38% since the beginning of the year. The stock has dropped 49% in the last 12 months.