Greenlight Capital Re plans to release Q4 and full-year 2024 financial results on March 10, 2025, with a following conference call.
Quiver AI Summary
Greenlight Capital Re, Ltd. announced its plan to release financial results for the fourth quarter and full year ended December 31, 2024, on March 10, 2025, after market close. A conference call to discuss these results is scheduled for March 11, 2025, at 9:00 a.m. Eastern Time, with details provided for participation via telephone and webcast. Following the call, a recording will be available until March 18, 2025. Greenlight Re operates as a multiline property and casualty insurer and reinsurer, utilizing both traditional and non-traditional investment strategies to achieve competitive returns. Their innovations unit supports technological advancements in the insurance sector.
Potential Positives
- The upcoming release of the fourth quarter and full year 2024 financial results demonstrates transparency and a commitment to keeping stakeholders informed.
- The scheduled conference call allows for direct engagement with investors and analysts, facilitating a better understanding of the company's financial performance and strategic direction.
- Greenlight Re's investment approach aims to achieve higher returns compared to traditional reinsurance investment strategies, highlighting the company's innovative edge in the market.
- The company's innovations unit, Greenlight Re Innovations, showcases its support for technology advancements in the insurance sector, potentially leading to new growth opportunities.
Potential Negatives
- There is no specific financial performance information provided ahead of the earnings call, which could raise concerns among investors about the company's performance and transparency.
- The press release's emphasis on the upcoming earnings call may indicate that the company is under pressure to communicate important financial results, potentially signaling past underperformance.
- The company's reliance on non-traditional investment strategies could be seen as a risk factor, especially if investors favor more conservative approaches in a volatile market environment.
FAQ
When will Greenlight Re announce its financial results?
Greenlight Re will announce its financial results on March 10, 2025, after the market closes.
What time is the earnings conference call?
The earnings conference call will be held on March 11, 2025, at 9:00 a.m. Eastern Time.
How can I participate in the earnings call?
You can join the call by dialing 1-877-407-9753 for U.S. participants or 1-201-493-6739 for international callers.
Will there be a replay of the earnings call?
Yes, a replay will be available until March 18, 2025, at 1-877-660-6853 (U.S.) or 1-201-612-7415 (international).
Where can I find more information about Greenlight Re?
More information about Greenlight Re can be found on their website at www.greenlightre.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$GLRE Insider Trading Activity
$GLRE insiders have traded $GLRE stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $GLRE stock by insiders over the last 6 months:
- IAN ISAACS has made 0 purchases and 2 sales selling 9,000 shares for an estimated $124,598.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$GLRE Hedge Fund Activity
We have seen 65 institutional investors add shares of $GLRE stock to their portfolio, and 47 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- NINETY ONE UK LTD removed 465,262 shares (-60.0%) from their portfolio in Q4 2024, for an estimated $6,513,668
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND removed 273,100 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $3,727,815
- PRIVATE MANAGEMENT GROUP INC added 136,935 shares (+17.3%) to their portfolio in Q4 2024, for an estimated $1,917,090
- MILLENNIUM MANAGEMENT LLC added 95,801 shares (+inf%) to their portfolio in Q4 2024, for an estimated $1,341,214
- WELLS FARGO & COMPANY/MN added 77,195 shares (+74.7%) to their portfolio in Q4 2024, for an estimated $1,080,730
- AMERIPRISE FINANCIAL INC added 73,317 shares (+13.3%) to their portfolio in Q4 2024, for an estimated $1,026,438
- BANK OF MONTREAL /CAN/ removed 68,210 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $931,066
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GRAND CAYMAN, Cayman Islands, March 03, 2025 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the fourth quarter and full year ended December 31, 2024, after the market closes on Monday, March 10, 2025. A live conference call to discuss the financial results will be held on Tuesday, March 11, 2025, at 9:00 a.m. Eastern Time.
Conference Call Details
To participate in the Greenlight Re Fourth Quarter and Full Year 2024 Earnings Call, please dial in to the conference call at:
U.S. toll free 1-877-407-9753
International 1-201-493-6739
The conference call can also be accessed via webcast at:
https://event.webcasts.com/starthere.jsp?ei=1703379&tp_key=8d103d18f7
A telephone replay will be available following the call through March 18, 2025. The replay of the call may be accessed by dialing 1-877-660-6853 (U.S. toll free) or 1-201-612-7415 (international), access code 13750849. An audio file of the call will also be available on the Company’s website, www.greenlightre.com .
About Greenlight Capital Re, Ltd.
Greenlight Re (
www.greenlightre.com
) provides multiline property and casualty insurance and reinsurance through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland, and its Lloyd’s platform, Greenlight Innovation Syndicate 3456. The Company complements its underwriting activities with a non-traditional investment approach designed to achieve higher rates of return over the long term than reinsurance companies that exclusively employ more traditional investment strategies. The Company’s innovations unit, Greenlight Re Innovations, supports technology innovators in the (re)insurance space by providing investment capital, risk capacity, and access to a broad insurance network.
Investor Relations Contact
Karin Daly
Vice President, The Equity Group Inc.
(212) 836-9623
[email protected]
