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Greenlight Capital Re: 2Q Earnings Snapshot

August 5, 2020 GMT

GRAND CAYMAN, Cayman Islands (AP) _ Greenlight Capital Re Ltd. (GLRE) on Wednesday reported a second-quarter loss of $63,000, 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 less than 1 cent.

The property and casualty reinsurance service provider posted revenue of $114.7 million in the period. Its adjusted revenue was $113.1 million.

Greenlight Capital Re shares have declined 32% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.91, a fall of 15% in the last 12 months.

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