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Greenlight Re sees Q1 GWP rise 27.8% as net income hits $5.9 million

May 10, 2023

In its Q1 2023 results, Greenlight Re has reported that gross written premiums (GWP) increased 27.8% to $186.5 million, which the firm attributed to new opportunities and improved pricing on property and general liability business, as well as several new specialty contracts bound during the quarter.

Greenlight Re’s net income in Q1 increased to $5.9 million, a substantial rise when compared to the net loss of $5.7 million recorded in the same quarter of 2022.

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