Greenlight Re Announces First Quarter 2017 Financial Results
- Gross written premiums of $197.2 million, an increase from $166.8 million in the first quarter of 2016; net earned premiums were $151.9 million, an increase from $138.1 million reported in the prior-year period.
- An underwriting loss of $0.2 million, compared to underwriting income of $3.7 million in the first quarter of 2016.
- A composite ratio for the three months ended March 31, 2017 of 97.4% compared to 93.8% for the prior-year period. The combined ratio for the three months ended March 31, 2017 was 100.1% compared to 97.3% for the prior-year period.
- Net investment income of $11.6 million, representing a gain of 0.9%, compared to net investment income of $28.4 million during the comparable period in 2016 when Greenlight Re reported a 2.5% gain.
Published May 3, 2017
Join the discussion — please keep to our Community Guidelines.