Greenlight Capital Re, Ltd. (GLRE) Q3 2022 Earnings Call Transcript

Nov. 05, 2022 6:03 PM ETGreenlight Capital Re, Ltd. (GLRE)
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Greenlight Capital Re, Ltd. (NASDAQ:GLRE) Q3 2022 Results Conference Call November 3, 2022 9:00 AM ET

Company Participants

Simon Burton - Chief Executive Officer

David Einhorn - Chairman

Neil Greenspan - Chief Financial Officer

Operator

Thank you for joining the Greenlight Re Conference Call for the Third Quarter of 2022 Earnings.

The Company reminds you that forward-looking statements that may be made in this call are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are not statements of historical fact, but rather reflect the Company's current expectations, estimates and predictions about future results and events are subject to risks, uncertainties and assumptions including those enumerated in the Company's Form 10-K for the year ended December 31, 2021, Form 10-Q for the three months ended March 31, 2022, and other documents filed by the Company with the SEC.

If one or more risks or uncertainties materialize or if the Company's underlying assumptions prove to be incorrect, actual results may vary materially from what the Company projects. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, as except required by law.

After the prepared remarks, we will be conducting a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Greenlight Re's Chief Executive Officer, Mr. Simon Burton. Please go ahead, sir.

Simon Burton

Good morning, and thank you for joining us today to discuss our third quarter results. Our key performance metric is change in book value per share, which decreased during the third quarter by 3.9%. Any reduction is a disappointment. Although our performance was relatively good in the context of the severe challenges that the overall reinsurance industry faced this quarter.

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