Greenlight Capital Re reports Q1 EPS 78c, one estimate 80c

Gross premiums written increased 16.5% to $217.3M. Net premiums earned increased 13.2% to $161.5M. David Einhorn, Chairman of the Board of Directors, said, “The Solasglas fund generated a strong 5.2% return during the first quarter, with contributions from long positions and macro, while the short portfolio broke even. We found a number of promising new long investments during the quarter.”