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Greenlight Re has dropped 38% since the end of 2014.

(Bloomberg) — Greenlight Capital Re Ltd. posted its fourth-straight quarterly loss, capping the reinsurer’s worst year since its 2007 initial public offering, as Chairman David Einhorn’s investments faltered.

The net loss for the three months ended Dec. 31 was $43.1 million, or $1.17 a share, and compares with profit of $60.7 million, or $1.60 a year earlier, the Cayman Islands-based company said in a statement Monday. For the full year, the net loss was $326.4 million.

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