Greenlight Capital Re, Ltd. (GLRE) reported the quarter and it wasn’t pretty. music selection: “Invisible Touch” — Genesis Shares are down sharply since the announcement. Let’s look at the most important metric first: combined ratio. Last year this time it
Update GLRE
Greenlight Re (GLRE) reported the quarter on Monday. music selection: “Edge Of Thorns” — Savatage The most important piece of news in the release is the “combined ratio”. This is the insurance industry’s measure of how profitable underwriting is. You
Portfolio Construction Part three of many
Part three of my portfolio series is about the best business in America, Property and Casualty Insurance. music selection: “Sheena Is A Punk Rocker” — Ramones High yield and fixed income make up the first two parts of my portfolio construction
GLRE Update
Greenlight Re (David Einhorn’s insurance company) reported earnings after close on Tuesday. The bad news first: GLRE reported a quarterly loss of 24 million for the quarter. The good news (and it is very good news) is that the company
The Next Berkshires GLRE TPRE
Berkshire Hathaway is legendary among investors. This company’s secret sauce comes from a two pronged approach. Prong one is a profitable insurance underwriting business. You see, when an insurance company writes a policy, there is time lag between collection of