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Greenlight Re’s net income up over 44% in 2022

Posted On: Mar. 10, 2023 9:38 AM CST

Cayman Islands-based Greenlight Reinsurance Ltd.’s net income increased 44.6% year-on-year to $25.3 million, while net premiums decreased 13% year-on-year to $469.5 million in 2022, Reinsurance News reported. Greenlight Re also posted a net underwriting loss of $10.7 million in 2022, driven mainly by losses related to the ongoing Russia-Ukraine war.