Pricing Log in Create free account
Friday 6 November 2026 Export GLRE’s income statement to Excel — free account

Greenlight Capital Re, Ltd.

GLRE Financial Insurance Reinsurance

Greenlight Capital Re, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $729.8 million, up 4.85% from fiscal 2024.

Revenue
+1.52%
EPS
+176.3%
Free cash flow
−84.2%
Total debt
−86.3%

Quarter to September 2026, against a year earlier

16.04 0.34 −2.08%
Market cap
$528.1M
P/E
9.4×
Fwd P/E
0.0×
Dividend yield
—
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.19
Sold, $m 2.07
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell — — — 3 — 5 4 — 1 3 — —
Insider Ownership 26.35%

Capital & Financial Ratios $m

Size
Market Cap 528.09
Revenue ttm 685.71
Net income ttm 58.67
Free cash flow ttm 173.49
Net debt Q (578.20)
Valuation
P/E 9.37
Forward P/E 0.00
Price / sales 0.78
Forward P/S Powerpack
Price / FCF 3.06
Price / book 0.77
Financial health
Current ratio Q 2.40
Debt / equity Q 0.01
Interest coverage Q 116.53
Growth
Revenue growth Q +1.52% (above 0%: growing)
Operating income growth Q +91.95% (above 0%: growing)
EPS, this year −76.94% (below 0%: weak)
EPS, next year A +199.96% (at or above 15%: strong)
Revenue, next year A −100.00% (below 0%: weak)
EPS, past 5 yrs +81.56% (at or above 15%: strong)
EPS, next 5 yrs A −13.66% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 46.01%
10-year low 10-year high
P/S against its own 10 years 62.41%
10-year low 10-year high
P/B against its own 10 years 70.04%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 656 649 644 583
Receivables 637 734 704 750
Inventory — — — —
Other — — — —
1,292 1,383 1,347 1,333
2023 2024 2025 Q'26
Payables 375 430 458 511
ST’ Debt — — — —
Other 17 22 16 44
393 452 474 555

Compound Annual Growth %

10y 5y 3y
Sales 19.48% 8.56% 11.48%
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 80.87% 43.47%
Book Value (1.80%) 8.78% 12.06%

Earnings Trends EPS, adjusted, against the consensus

Q4 FY18 Estimate −2.23 Actual −2.25

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY18 −4.32 −3.85 Beat by 0.47
Q2 FY18 −1.05 −1.01 Beat by 0.04
Q3 FY18 −2.54 −2.48 Beat by 0.06
Q4 FY18 −2.23 −2.25 Miss by 0.02

EPS $

Mar Jun Sep Dec Year
’26 1.05 (0.89) 0.10 — —
’25 0.86 0.01 (0.13) 1.44 2.17
’24 0.78 0.23 1.01 (0.81) 1.24
’23 0.17 1.32 0.39 0.50 2.50
’22 (0.17) 0.37 (0.56) 0.91 0.73
’21 0.19 0.02 (0.42) 0.71 0.51
’20 (1.11) 0.00 0.06 1.20 0.11
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 190 137 148 — —
’25 213 160 146 210 730
’24 191 175 188 142 696
’23 155 190 167 155 667
’22 133 121 127 146 527
’21 153 135 139 161 589
’20 76 115 124 169 484
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 37 31 5 — —
’25 10 68 31 100 210
’24 18 23 41 30 112
’23 (1) 2 (15) 22 8
’22 (12) (2) (13) (4) (32)
’21 (19) (1) 1 (38) (56)
’20 (32) (11) (2) (47) (91)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 37 31 5 — —
’25 10 68 31 100 210
’24 18 23 41 28 110
’23 (1) 2 (15) 22 8
’22 (12) (2) (13) (4) (32)
’21 (19) (1) 1 (38) (56)
’20 (32) (11) (2) (47) (91)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 588 646 183 538 484 589 527 667 696 730 686 +2.4% — — — —
Gross margin, % 12.41 (2.86) (178.29) 6.05 7.64 11.66 12.73 20.72 13.22 18.27 16.75 +5.9 pt
EBT 47 (45) (354) (4) 4 21 25 87 44 78 61 +5.8%
EBT margin, % 8.02 (6.94) (193.41) (0.65) 0.89 3.62 4.66 13.03 6.26 10.73 8.85 +2.7 pt
Net income 47 (44) (354) (4) 4 18 25 87 43 75 59 +5.4%
Per share, $
Per share, $ Revenue 15.79 17.45 5.09 14.92 13.38 17.21 15.53 19.58 20.41 21.58 21.02 +3.5%
Earnings 1.20 (1.21) (9.74) (0.11) 0.11 0.51 0.75 2.55 1.26 2.21 1.74 +7.0%
Cash flow (0.96) 2.55 (1.65) 0.05 (2.52) (1.65) (0.94) 0.22 3.27 6.22 5.33 n/m
Capex 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (0.03) (0.01) (0.01) n/m
Free cash flow (0.96) 2.55 (1.65) 0.05 (2.52) (1.65) (0.94) 0.22 3.24 6.20 5.32 n/m
Book value 23.77 22.82 13.29 13.23 12.85 13.91 14.84 17.50 18.65 20.94 21.30 (1.4%)
Shares, m 37 37 36 36 36 34 34 34 34 34 33 (1.1%)
Valuation, ×
Valuation, × P/E 19.42 0.00 0.00 0.00 49.33 15.68 11.16 4.38 11.29 6.57 9.37 11.8
P/S 1.48 1.17 1.69 0.68 0.55 0.46 0.52 0.57 0.69 0.68 0.78 0.8
P/B 0.98 0.90 0.65 0.76 0.57 0.56 0.55 0.64 0.75 0.70 0.77 0.7
EV/Sales (0.64) (1.20) (1.60) (0.58) (0.81) (0.59) (0.66) (0.30) (0.16) (0.20) — (0.7)
EV/FCF 10.46 (8.20) 4.93 (189.84) 4.32 6.13 11.00 (26.85) (1.00) (0.70) — (19.0)
Cash, $m
Cash, $m Operating cash flow (36) 94 (59) 2 (91) (56) (32) 8 112 210 174 n/m
Capex — — — — — — — — (1) 0 0 (58.9%)
Free cash flow (36) 94 (59) 2 (91) (56) (32) 8 110 210 173 n/m
Balance, $m
Balance, $m Working capital 1,302 1,454 688 712 793 794 795 900 931 874 779 (4.3%)
Net debt (1,243) (1,531) (602) (674) (659) (613) (626) (582) (588) (639) (578) (7.1%)
Shareholders’ equity 886 844 478 477 465 476 503 596 636 708 695 (2.5%)
Returns, %
Returns, % ROA 1.67 (1.49) (14.61) (0.29) 0.29 1.26 1.69 5.24 2.28 3.58 2.65 +1.9 pt
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 596.19 108.85 116.49 61.25 +116.5 pt
ROE 5.17 (5.20) (52.96) (0.83) 0.82 3.74 5.18 15.80 6.95 11.14 8.67 +6.0 pt
People
People Employees 35 40 36 40 35 44 48 64 75 84 — +10.2%
Revenue/emp, $m 16.81 16.14 5.08 13.45 13.83 13.38 10.97 10.42 9.28 8.69 — (7.1%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Greenlight Capital Re, Ltd. vs peers in Insurance Reinsurance (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RGA Reinsurance Group of America, Incorporated $17.1B 11.4× 10.4× +18.54% (above 0%: growing) +159.93% (above 0%: growing) +40.98% (above 0%: growing) 15.58% 10.73% Compare
EG Everest Group, Ltd. $15.5B 8.8× 8.1× −14.03% (below 0%: shrinking) +0.49% (above 0%: growing) −54.28% (below 0%: shrinking) 9.00% 8.19% Compare
RNR RenaissanceRe Holdings Ltd. $14.3B 10.1× 11.8× −47.11% (below 0%: shrinking) n/m −49.80% (below 0%: shrinking) 7.22% (0.01%) Compare
HG Hamilton Insurance Group, Ltd. $3.6B 6.2× 6.9× +13.34% (above 0%: growing) −21.62% (below 0%: shrinking) −42.62% (below 0%: shrinking) 56.94% 31.21% Compare
SPNT SiriusPoint Ltd. $3.1B 6.2× 10.0× +14.78% (above 0%: growing) +1.35% (above 0%: growing) +9.25% (above 0%: growing) 29.56% 0.00% Compare
GLRE Greenlight Capital Re, Ltd. $528.1M 9.4× — (loss-making) +1.52% (above 0%: growing) n/m −84.18% (below 0%: shrinking) 12.42% 12.42%
KG Kestrel Group Ltd $32.4M — (loss-making) — (loss-making) +20.12% (above 0%: growing) n/m −29.99% (below 0%: shrinking) 62.64% (94.30%) Compare
OXBR Oxbridge Re Holdings Limited $6.3M 38.5× — (loss-making) +41.57% (above 0%: growing) n/m +87.70% (above 0%: growing) 95.32% 31.17% Compare
Median of peers $3.6B 9.4× 10.0× +14.78% +0.92% −29.99% 29.56% 8.19%

All 8 Insurance Reinsurance stocks →

Pay and ownership Proxy statement filed 24 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.31m 2.83m 199.45
2024 2.32m 2.91m 191.52
2023 5.91m 7.29m 156.22
2022 2.74m 3.05m 111.49
2021 3.11m 2.97m 107.25

Ownership

Directors and executive officers, together 24.67%
David Einhorn 18.66%
David Einhornc/o Greenlight Capital Re, Ltd.65 Market Street, Camana Bay, Grand Cayman, KY1-1205, Cayman Islands 18.66%
BlackRock, Inc. 5.94%
Dimensional Fund Advisors LPBuilding One, 5.68%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Greenlight Capital Re, Ltd. (GLRE) Latest News

4 Nov

Impact 4 · · GuruFocus.com
Impact 3 · · GuruFocus.com
Impact 3 · · Simply Wall St.Associated Press FinanceGuruFocus.comSimply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.

3 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby
Impact 3 ·
Impact 3 · · GlobeNewswire

28 Oct

Impact 4 · · PR Newswire

22 Oct

Impact 4 · · GlobeNewswire

11 Aug

Impact 3 · · The Motley Fool transcript

5 Aug

Impact 4 · · Moby
Impact 3 · transcript
Impact 3 · · MarketBeat transcript

4 Aug

Impact 3 ·

30 Jul

Impact 4 ·

6 May

Impact 4 · · MarketBeat
Impact 4 · · Moby

5 May

Impact 4 · · GlobeNewswire

10 Mar

Impact 4 · · GuruFocus.com
Impact 3 · · MarketBeat
Impact 3 · · Moby

9 Mar

Impact 4 · · GlobeNewswire
Impact 3 · · Associated Press Finance

29 Jan

Impact 4 · · Simply Wall St.
Impact 3 · · Insider Monkey
Impact 3 · · Simply Wall St.

19 Dec

Impact 3 · · Simply Wall St.

13 Nov

Impact 4 · · Business Wire
Impact 4 · · GlobeNewswire
stockrow.com/GLRE · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com