Earnings Call Summary | Greenlight Capital Re(GLRE.US) Q1 2024 Earnings Conference
Earnings Call Summary | Greenlight Capital Re(GLRE.US) Q1 2024 Earnings Conference
The following is a summary of the Greenlight Capital Re Ltd. (GLRE) Q1 2024 Earnings Call Transcript:
以下是綠光資本再保險有限公司（GLRE）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Greenlight Re saw a 16.5% increase in gross written premium in Q1 2024 compared to the same period last year.
The company reported a net income of $27 million, resulting in 3.9% growth in the fully diluted book value per share, and an annualized return of 16.5% for the quarter.
The company's combined ratio for the quarter stood at 98%, factoring in a $10.1 million loss due to the collapse of the Francis Scott Key Bridge in Baltimore.
與去年同期相比，綠光再保險在2024年第一季度的總承保保費增長了16.5％。
該公司公佈的淨收入爲2700萬美元，使全面攤薄後的每股賬面價值增長3.9％，本季度的年化回報率爲16.5％。
考慮到巴爾的摩弗朗西斯·斯科特·基大橋倒塌造成的1,010萬美元虧損，該公司本季度的合併比率爲98％。
Business Progress:
業務進展：
The first quarter growth in gross written premium is attributed primarily to their casualty and specialty books, taking advantage of the strong rate environment.
A homeowner's quota share contract was not renewed due to its exposure to the U.S. convective storm risk.
The company has seen similar trends to January 1 renewals with some premium growth during the renewal season in April 2024.
Management is focusing on liaising with its innovation portfolio companies, acknowledging their potential for profitable growth.
The company's investment in Solasglas Fund reported a gain of $18.2 million or 5.2%.
第一季度書面保費總額的增長主要歸因於其利用強勁的利率環境的意外傷害和專業書籍。
由於面臨美國對流風暴風險，房主的配額股份合同未續簽。
該公司出現了與1月1日續訂類似的趨勢，在2024年4月的續訂季節中，保費有所增長。
管理層正專注於與其創新投資組合公司進行聯絡，承認其盈利增長的潛力。
該公司對Solasglas基金的投資報告了1,820萬美元的收益，增長了5.2％。
More details: Greenlight Capital Re IR
更多詳情： 綠光資本再投資回報率
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。