Greenlight Capital Re reports Q4 EPS (81c) vs. (50c) last year

Reports gross premiums written increased 28.0% to $143.8M ;Net premiums earned increased 7.8% to $148.1M; Net underwriting loss of $18M , compared to net underwriting income of $11.8M; Combined ratio of 112.1%, compared to 91.4%; Total investment income of $2.6 M compared to $14.1M; and Net loss of $27.4 M or 81c per diluted ordinary share, compared to net income of $17.6M , or 50c per diluted ordinary share. Gross Premiums Written Increased 28% To $143.8M…Net income of $42.8 million, or $1.24 per diluted ordinary share, compared to $86.8 million, or $2.50 per diluted ordinary share; and Fully diluted book value per share increased 7.2% to $17.95, from $16.74 at December 31.