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May 5, 2026·SEC
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Greenlight Capital Re, Ltd.(GLRE)Earnings, Financials & Key Ratios
GLRE•NASDAQ•Insurance & Managed Care
$16.42
7.6× P/E·Price updated Jul 7, 2026
AboutGreenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, energy, aviation, crop, cyber, political, and terrorism products. 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.Show more
- Revenue$696M+7.5%
- Combined Ratio88.75%-4.8%
- Net Income$75M+74.8%
- Return on Equity11.14%+60.2%
- Medical Cost Ratio59.11%-36.6%
- Operating Margin11.25%+67.3%
- Net Margin10.75%+62.6%
- ROA3.58%+56.6%
- Equity / Assets32.63%+3.5%
GLRE Price & Volume
Greenlight Capital Re, Ltd. (GLRE) stock price & volume — 10-year historical chart
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Investment Volatility Masks Core Reinsurance Underwriting Performance
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Investment portfolio volatility concentration
Key Thesis Takeaways
- Greenlight Capital Re operates a unique business model where total book value growth is primarily driven by a hedge-fund-managed investment portfolio rather than consistent underwriting margins.
- While the company maintains a robust solvency buffer with a debt-to-equity ratio of 0.01%, investors face significant earnings sensitivity to market fluctuations and erratic loss ratios that peaked at 118.4% in 2024Q4.
- Future performance remains contingent on the firm's ability to stabilize underwriting results while navigating the inherent risks of its concentrated investment strategy.
Verdict Logic
while the stock trades at a P/B of 0.82, the persistent volatility in underwriting results and the reliance on investment performance warrant caution until the company demonstrates more stable cash flow generation.
GLRE Growth Metrics
Greenlight Capital Re, Ltd. (GLRE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years18.93%
5 Years7.78%
3 Years13.39%
TTM7.94%
Profit CAGR
10 Years-
5 Years80.87%
3 Years43.47%
TTM78.22%
EPS CAGR
10 Years-
5 Years81.56%
3 Years50.23%
TTM82.91%
Return on Capital
10 Years-0.34%
5 Years3.85%
3 Years4.58%
Last Year6%
GLRE Recent Earnings
Greenlight Capital Re, Ltd. (GLRE) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 1/12 qtrs (50%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$1.05-16.0%
$1.25
Rev
$228M+41.7%
$161M
Q2 2026
Mar 9, 2026Metric
Actual
Est
EPS
$1.44+28.6%
$1.12
Rev
$161M-9.3%
$178M
Q4 2025
Nov 3, 2025Metric
Actual
Est
EPS
$0.13-229.4%
$0.10
Rev
$160M
—
Q3 2025
Aug 4, 2025Metric
Actual
Est
EPS
$0.01+102.8%
$0.35
Rev
$178M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $1.05vs $1.25-16.0% | $228Mvs $161M+41.7% |
| Q2 2026 | Mar 9, 2026 | $1.44vs $1.12+28.6% | $161Mvs $178M-9.3% |
| Q4 2025 | Nov 3, 2025 | $0.13vs $0.10-229.4% | $160M |
| Q3 2025 | Aug 4, 2025 | $0.01vs $0.35+102.8% | $178M |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Greenlight Capital Re, Ltd. (GLRE)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $16.42 | $544.59M | 7.57 | 7.47% | 10.75% | 11.14% | — | |
| $323.69 | $13.97B | 5.72 | 9.45% | 26.93% | 16.59% | — | |
| $102.85 | $35.93B | 8.85 | 14.27% | 24.73% | 20.48% | — | |
| $1969.34 | $24.64B | 11.64 | -0.96% | 10.7% | 9.56% | — | |
| $50.50 | $5.14B | 77.68 | 51.14% | 30.1% | 6.4% | — | |
| $81.11 | $4.23B | 8.72 | 173.81% | 14.31% | 12.02% | — |
Compare GLRE vs Peers
Greenlight Capital Re, Ltd. (GLRE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GLRE SEC Filings & Documents
Greenlight Capital Re, Ltd. (GLRE) SEC filings — annual & quarterly reports (10-K, 10-Q)
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GLRE Frequently Asked Questions
Greenlight Capital Re, Ltd. (GLRE) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
How fast is Greenlight Capital Re, Ltd. growing?
Greenlight Capital Re, Ltd. (GLRE) grew revenue by 7.5% over the past year. This is steady growth.
Is GLRE profitable?
Yes, Greenlight Capital Re, Ltd. (GLRE) is profitable, generating $81.0M in net income for fiscal year 2025 (10.7% net margin).
Dividend & Returns
What is GLRE's return on equity?
Greenlight Capital Re, Ltd. (GLRE) has a return on equity (ROE) of 11.1%. This is reasonable for most industries.
Industry Metrics
What is Greenlight Capital Re, Ltd.'s combined ratio?
Greenlight Capital Re, Ltd. (GLRE) has a combined ratio of 88.8%. A ratio below 100% indicates underwriting profitability.