In This Article:
Greenlight Capital Re (NASDAQ:GLRE) First Quarter 2023 Results
Key Financial Results
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Revenue: US$147.9m (up 10% from 1Q 2022).
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Net income: US$5.89m (up from US$5.73m loss in 1Q 2022).
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Profit margin: 4.0% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Greenlight Capital Re shares are down 4.9% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Greenlight Capital Re's balance sheet and an in-depth analysis of the company's financial position.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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