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Greenlight Capital Re, Ltd. (GLRE) is a holding company that operates through its subsidiaries as a reinsurer. The company provides various commercial property and casualty reinsurance products to companies worldwide. It operates through two segments, Property and Casualty Reinsurance and Run-off.
As of the second quarter of 2021, GLRE reported total assets of $1.6 billion and shareholders' equity of $606.3 million. The company's net premiums written for the quarter were $152.3 million, representing an increase of 4.2% compared to the same period in the previous year.
In terms of earnings, GLRE reported a net loss of $2.9 million for the second quarter of 2021, compared to a net loss of $5.3 million for the same period in 2020. The company's combined ratio for the quarter was 103.2%, an improvement from 108.2% in the second quarter of 2020.
In terms of growth, GLRE has been focusing on underwriting discipline and improving its underwriting profitability. The company has also been exploring opportunities to expand its business, including through strategic partnerships and investments.
It's important to note that past performance is not indicative of future results, and any investment in GLRE or any other company should be based on a thorough analysis of the company's financial statements, industry position, and overall market conditions. As with any investment, there are risks involved, and it's important to consult with a financial advisor or investment professional before making any investment decisions.