Greenlight Capital Re Ltd. (GLRE) Reports Q1 Loss of $0.24

Earnings from Greenlight Capital Re Ltd. (NYSE:GLRE) arrived after the market closed on Monday afternoon. The reinsurance firm showed a loss of $0.24 per share for the three-month period. Revenue came in at $101 million. On today's market shares in Greenlight Re traded predominantly flat, and finished the day trading at $32.76.

In the run up to the release of the earnings numbers, analysts following Greenlight Capital Re Ltd. (NYSE:GLRE) were expecting a comparatively bad quarter from the company. The only analyst surveyed by Businessweek was expecting the company to show...