GLRE
Company Description
Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. It operates through Open Market and Innovations segments. The company offers casualty reinsurance, such as automobile liability and general liability. It also provides coverages for casualty, including general liability, umbrella, multiline casualty, and workers’ compensation; financial, such as mortgage, trade credit, surety, transactional liability, and financial multiline; health, which include primarily accident and critical illness; multiline comprising FAL business, coupled with multiline commercial and personal auto liability, BOP, and multiline commercial; property, including commercial property and property catastrophe; and specialty products and services, such as agriculture, cyber, marine and energy, aviation and space, specialty multiline, and WPVT which covers losses relating to war, political violence, and terrorism. The company markets its products through reinsurance brokers. Greenlight Capital Re, Ltd. was incorporated in 2004 and is headquartered in Grand Cayman, the Cayman Islands.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 696.35M | 647.97M | 632.35M | 477.63M | 570.46M | 478.82M | 491.40M | 243.85M | 645.67M | 588.37M | 123.05M | 479.80M |
| Net Income | 74.83M | 42.82M | 86.83M | 25.34M | 17.58M | 3.87M | (3.99M) | (350.05M) | (44.95M) | 44.88M | (326.43M) | 109.59M |
| EPS | 2.21 | 1.26 | 2.55 | 0.75 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 | -8.90 | 2.94 |
| Free Cash Flow | 210.21M | 111.50M | 7.51M | (139.05M) | (57.53M) | (91.32M) | 1.63M | (59.31M) | 94.42M | (35.79M) | (59.95M) | (133.73M) |
| FCF / Share | 6.22 | 3.27 | 0.22 | -4.10 | -1.68 | -2.52 | 0.05 | -1.65 | 2.55 | -0.96 | -1.63 | -3.59 |
| Operating CF | 210.21M | 111.50M | 7.51M | (31.80M) | (56.30M) | (91.32M) | 1.63M | (59.31M) | 94.42M | (35.79M) | (59.95M) | (133.73M) |
| Total Assets | 2.17B | 2.02B | 1.74B | 1.58B | 1.43B | 1.36B | 1.36B | 1.44B | 3.36B | 2.66B | 2.71B | 3.00B |
| Total Debt | 4.72M | 60.75M | 73.28M | 80.53M | 98.06M | 95.79M | 93.51M | 91.19M | 7.18M | 22.47M | 0 | 0 |
| Cash & Equiv | 111.76M | 64.69M | 51.08M | 38.24M | 76.31M | 8.94M | 25.81M | 18.21M | 27.29M | 39.86M | 112.16M | 12.03M |
| Book Value | 707.98M | 635.88M | 596.10M | 503.12M | 475.66M | 464.86M | 477.18M | 477.29M | 831.32M | 874.24M | 825.39M | 1.17B |
| Return on Equity | 0.11 | 0.07 | 0.15 | 0.05 | 0.04 | 0.01 | -0.01 | -0.73 | -0.05 | 0.05 | -0.40 | 0.09 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 160.88M | 177.93M | 160.47M | 178.38M | 179.56M | 136.21M | 168.16M | 170.53M | 168.03M | 154.58M | 168.78M | 156.91M |
| Net Income | 35.75M | 49.28M | (4.41M) | 329,000 | 29.63M | (27.42M) | 35.24M | 7.98M | 27.02M | 17.61M | 13.48M | 49.86M |
| EPS | 1.06 | 1.46 | -0.13 | 0.01 | 0.87 | -0.81 | 1.03 | 0.23 | 0.79 | 0.50 | 0.40 | 1.46 |
| Free Cash Flow | 37.24M | 100.21M | 31.18M | 68.44M | 10.38M | 29.53M | 41.30M | 22.71M | 17.96M | 22.14M | (15.20M) | 1.82M |
| FCF / Share | 1.11 | 2.96 | 0.92 | 2.01 | 0.31 | 0.87 | 1.21 | 0.66 | 0.52 | 0.63 | -0.45 | 0.05 |
| Operating CF | 37.24M | 100.21M | 31.18M | 68.44M | 10.38M | 29.53M | 41.30M | 22.71M | 17.96M | 22.14M | (15.20M) | 1.82M |
| Total Assets | 2.27B | 2.17B | 2.13B | 2.19B | 2.15B | 2.02B | 2.00B | 1.90B | 1.88B | 1.74B | 1.74B | 1.72B |
| Total Debt | 4.74M | 4.72M | 34.74M | 58.89M | 59.83M | 60.75M | 62.58M | 61.59M | 72.47M | 73.28M | 74.88M | 63.12M |
| Cash & Equiv | 75.09M | 111.76M | 68.79M | 82.36M | 47.48M | 64.69M | 54.64M | 52.24M | 61.60M | 51.08M | 41.30M | 55.60M |
| Book Value | 741.17M | 707.98M | 658.89M | 663.32M | 666.80M | 635.88M | 663.42M | 634.02M | 624.46M | 596.10M | 575.87M | 561.12M |
| Return on Equity | 0.05 | 0.07 | -0.01 | 0.00 | 0.04 | -0.04 | 0.05 | 0.01 | 0.04 | 0.03 | 0.02 | 0.09 |