Greenlight Capital Re Third Quarter 2023 Earnings: EPS: US$0.40 (vs US$0.56 loss in 3Q 2022)

Greenlight Capital Re (NASDAQ:GLRE) Third Quarter 2023 Results

Key Financial Results

• Revenue: US$168.9m (up 28% from 3Q 2022).
• Net income: US$13.5m (up from US$18.5m loss in 3Q 2022).
• Profit margin: 8.0% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue.
• EPS: US$0.40 (up from US$0.56 loss in 3Q 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Greenlight Capital Re shares are down 4.1% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Greenlight Capital Re you should be aware of.

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