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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenues                      
Gross premiums written $ 98,470 $ 110,607 $ 152,340 $ 162,560 $ 135,143 $ 115,154 $ 142,109 $ 175,125 $ 523,977 $ 567,531 $ 692,651
Gross premiums ceded (90) (4,035) (23,141) (21,401) (30,252) (15,456) (27,237) (29,843) (48,667) (102,788) (56,587)
Net premiums written 98,380 106,572 129,199 141,159 104,891 99,698 114,872 145,282 475,310 464,743 636,064
Change in net unearned premium reserves 10,243 22,582 (8,758) (15,797) 14,708 14,406 13,944 562 8,270 43,620 (10,060)
Net premiums earned 108,623 129,154 120,441 125,362 119,599 114,104 128,816 145,844 483,580 508,363 626,004
Income (loss) from investment in related party investment fund [net of related party expenses of $9,874, $3,100 and $0, respectively] (5,714) 6,609 14,405 30,756 (50,548) (10,025) 0 0 46,056 (60,573) 0
Net investment income (loss) (3,054) 3,312 4,386 1,567 (5,810) (70,851) (40,656) (145,216) 6,211 (262,533) 20,231
Other income (expense), net 1,007 (887) 1,117 1,069 (982) (683) (76) (487) 2,306 (2,228) (560)
Total revenues 100,862 138,188 140,349 158,754 62,259 32,545 88,084 141 538,153 183,029 645,675
Expenses                      
Net loss and loss adjustment expenses incurred 94,184 92,962 78,476 122,865 96,454 86,780 84,815 95,824 388,487 363,873 502,404
Acquisition costs 27,424 30,962 37,172 21,526 38,312 28,331 34,623 44,209 117,084 145,475 161,740
General and administrative expenses 7,338 7,725 7,919 6,840 5,123 7,136 6,958 5,956 29,822 25,173 26,356
Interest expense 1,579 1,578 1,562 1,544 1,578 927 0 0 6,263 2,505 0
Total expenses 130,525 133,227 125,129 152,775 141,467 123,174 126,396 145,989 541,656 537,026 690,500
Income (loss) before income tax (29,663) 4,961 15,220 5,979         (3,503) (353,997) (44,825)
Income tax (expense) benefit (683) 179 94 (73) (1,780) 355 323 770 (483) (332) 451
Net income (loss)         (80,988) (90,274) (37,989) (145,078) (3,986) (354,329) (44,374)
Loss (income) attributable to non-controlling interest in related party joint venture         169 1,159 621 2,326 0 4,275 (578)
Net income (loss) attributable to Greenlight Capital Re, Ltd. $ (30,346) $ 5,140 $ 15,314 $ 5,906 $ (80,819) $ (89,115) $ (37,368) $ (142,752) $ (3,986) $ (350,054) $ (44,952)
Earnings (loss) per share                      
Basic (in dollars per share) $ (0.84) $ 0.14 $ 0.42 $ 0.16 $ (2.25) $ (2.48) $ (1.01) $ (3.85) $ (0.11) $ (9.74) $ (1.21)
Diluted (in dollars per share) $ (0.84) $ 0.14 $ 0.42 $ 0.16 $ (2.25) $ (2.48) $ (1.01) $ (3.85) $ (0.11) $ (9.74) $ (1.21)
Weighted average number of ordinary shares used in the determination of earnings and loss per share                      
Basic (in shares) 36,121,023 36,841,623 36,100,665 35,972,665 35,952,472 35,952,472 36,952,472 37,087,169 36,079,419 35,951,659 37,002,260
Diluted (in shares) 36,121,023 36,921,490 36,829,963 36,364,358 35,952,472 35,952,472 36,952,472 37,087,169 36,079,419 35,951,659 37,002,260