Greenlight Capital Reports Q3 GAAP EPS of $0.10
Greenlight Capital (GLRE) has released its third-quarter financial results, reporting a GAAP earnings per share (EPS) of $0.10. The company saw a slight contraction in top-line figures, with gross premiums written decreasing by 1% to $181.9 million and net premiums earned falling 7% to $153.4 million. Underwriting performance also showed a decline compared to previous periods, as net underwriting income dropped to $14.6 million from $22.3 million. Despite the decrease in income, the company maintained a combined ratio of 90.5%, reflecting its ongoing operational efficiency within the insurance sector.
Tickers: $GLRE
Topics: combined ratio earnings GAAP EPS underwriting income