Business Context and Reporting Period
Company: GREENLIGHT CAPITAL RE, LTD.
Filing Type: Form 8-K (Current Report)
Date of Report: August 6, 2008
Reporting Period: Second quarter ended June 30, 2008
This filing serves to announce the Company's financial results for the second quarter of 2008 and to disclose a new share repurchase plan adopted by the Board of Directors.
Key Financial Metrics
The Form 8-K text itself does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are referenced as being detailed in the press release attached as Exhibit 99.1, which is incorporated by reference but not included in the provided text.
Note: Specific financial figures are not available in the source text provided.
Material Changes and Corporate Actions
- Share Repurchase Plan: On August 6, 2008, the Board of Directors authorized a plan to repurchase up to 2,000,000 Class A ordinary shares. Repurchases may be conducted in the open market or through private transactions.
- Financial Results: The Company announced its results for the quarter ended June 30, 2008, though specific performance changes versus prior periods are not detailed in this filing text.
Guidance, Outlook, and Risks
The filing text does not provide specific management commentary, forward-looking guidance, risk factors, or details on contingencies. The document states that the information in Item 2.02 (including the press release) is "furnished" and not "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Review Exhibit 99.1 (the press release) for specific Q2 2008 financial figures (revenue, net income, book value).
- Verify the execution status and pricing of the authorized 2 million share repurchase program.
- Confirm the Company's liquidity position and underwriting results as detailed in the full press release.