Greenlight Reinsurance, Ltd. - Class A Ordinary Shares (GLRE)
15.68
-0.68 (-4.19%)
NASDAQ· Last Trade: Aug 5th, 3:49 PM EDT
Detailed Quote
Previous Close
16.36
Open
15.45
Bid
15.66
Ask
15.68
Day's Range
14.56 - 15.93
52 Week Range
11.56 - 19.39
Volume
206,050
Market Cap
575.59M
PE Ratio (TTM)
-391.88
EPS (TTM)
-0.0
Dividend & Yield
N/A (N/A)
1 Month Average Volume
156,786
Chart
About Greenlight Reinsurance, Ltd. - Class A Ordinary Shares (GLRE)
Greenlight Capital Re is a financial services company that focuses on providing reinsurance products and services to various clients. The company operates primarily in the property and casualty insurance sector, engaging in underwriting activities that help manage risks associated with natural disasters, accidents, and other unforeseen events. By leveraging its expertise in investment strategies and risk assessment, Greenlight Capital Re aims to deliver value to its clients while navigating the complexities of the reinsurance market. The company is known for its unique approach of integrating investment principles into its underwriting operations, allowing it to optimize returns and strengthen its capital position. Read More
Greenlight Capital Re (NASDAQ:GLRE) reported a second-quarter net loss of $29.6 million, or $0.89 per diluted share, as investment losses in its Solasglas portfolio and catastrophe and large-loss provisions weighed on results.
Chief Executive Officer Greg Richardson described the quarter as challen
AM Best has upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” (Excellent) from “a-” (Excellent) of Greenlight Reinsurance, Ltd. (Cayman Islands) and Greenlight Reinsurance Ireland, Designated Activity Company (Ireland). Concurrently, AM Best has upgraded the Long-Term ICR to “bbb” (Good) from “bbb-” (Good) of Greenlight Capital Re, Ltd. (Cayman Islands) (GLRE) [NASDAQ: GLRE], the ultimate holding company. The outlooks of these Credit Ratings (ratings) have been revised to stable from positive.
