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Greenlight Capital Re Ltd

Company price
15.29 USD 0.20 ( 1.33%)
Last update at 2026-11-03T21:00:00Z
VOLUME
138598
Market Cap
627.34M
P/E
8.51

Momentum Score

…

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.

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Day Price Range
15.12
Low
16.26
High
52 Week Price Range
11.56
Low
19.39
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Greenlight Capital Re Ltd is a Bermuda-based reinsurer and insurer writing property/casualty and specialty lines while investing premiums to generate float. Long-term growth may be supported by reinsurance pricing cycles, underwriting discipline and returns on invested float, offering exposure to potential underwriting margins.

Key risks are catastrophic and reserve volatility, investment sensitivity and capital or regulatory constraints.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
15.09
Dividend Yield
-
Revenue TTM
721.31M
Revenue Per Share
21.33
Gross Profit TTM
96.24M
Debt / Equity
0.01
ROE
11.14%
Net Debt
-636.33M
ROCE
10.82%
Diluted EPS TTM
2.17

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 78.31M 43.56M 86.93M 24.53M 21.32M
Net income 74.83M 42.82M 86.83M 25.34M 17.58M
Selling general administrative - 15.68M 23.65M 17.79M 16.49M
Selling and marketing expenses - 0.70M 6.75M - -
Gross profit 284.76M 43.93M 103.46M 414.63M 571.34M
Reconciled depreciation - - 0.00M 0.08M 0.02M
Ebit - 43.56M 174.26M 73.25M 22.20M
Ebitda 83.10M 52.75M 94.96M 73.33M 24.48M
Depreciation and amortization - - -87.43M 0.08M 2.28M
Operating income 78.31M 43.56M 86.93M 73.25M 22.20M
Other operating expenses 618.04M 604.41M 545.41M 459.09M 550.02M
Interest expense 4.79M 9.18M 8.03M 10.92M 17.92M
Tax provision 3.48M 0.75M 0.12M -0.82M 3.75M
Interest income 25.27M 32.42M 28.56M 4.47M 1.66M
Net interest income -4.79M -9.18M -4.76M -10.92M -17.92M
Income tax expense 3.48M 0.75M 0.10M -0.82M 3.75M
Total revenue 696.35M 647.97M 632.35M 414.63M 571.34M
Total operating expenses 206.45M 0.36M 16.53M 11088.00M -549.14M
Cost of revenue 411.59M 604.04M 528.88M - -
Total other income expense net - 18.82M -529.38M -48.73M -0.88M
Net income from continuing ops 74.83M 42.82M 103.97M 25.34M 17.58M
Net income applicable to common shares - - - 25.34M 17.58M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 2169.78M 2016.22M 1692.36M 1580.38M 1427.49M
Intangible assets 99.95M 82.25M 79.96M - -
Other current assets -664.38M 29.55M 1275.13M 1205.26M 1051.64M
Total liab 1461.81M 1380.34M 1096.26M 1077.26M 951.83M
Total stockholder equity 707.98M 635.88M 596.10M 503.12M 475.66M
Other current liab 1349.80M 21.88M 635.23M -105.14M -91.22M
Common stock 3.39M 3.48M 3.53M 3.48M 3.38M
Capital stock 3.39M 3.48M 3.53M 3.48M 3.38M
Retained earnings 225.68M 150.84M 108.03M 21.20M -9.51M
Other liab - - - 284.35M 258.85M
Other assets - 275.51M 0.00M 788.11M 576.29M
Cash 643.73M 64.69M 655.73M 38.24M 76.31M
Total current liabilities 1446.35M 127.77M 704.85M 80.53M 91.22M
Net debt -636.33M -3.94M -580.95M 42.30M 21.75M
Short term debt 0.70M 0.69M 0.64M 80.53M 98.06M
Short long term debt 4.72M 0.00M - - -
Short long term debt total 7.40M 60.75M 74.78M 80.53M 98.06M
Other stockholder equity 478.91M 481.55M 484.53M 478.44M 481.78M
Property plant equipment - - - 1.90M 2.40M
Total current assets 643.73M 884.50M 1275.13M 721.99M 492.77M
Long term investments 633.08M 387.14M 258.89M 248.48M 230.97M
Net tangible assets - - - 503.12M 475.66M
Short term investments - 73.16M -604.65M 178.20M 183.59M
Net receivables 664.38M 790.27M 645.09M 518.79M 416.46M
Long term debt - 60.75M 73.28M 102.44M 101.85M
Inventory - - -696.17M - -
Accounts payable 95.85M 105.89M 68.98M 105.14M 91.22M
Accumulated other comprehensive income - - 0.00M - -
Common stock total equity - - - 3.48M 3.38M
Retained earnings total equity - - - 21.20M -9.51M
Non currrent assets other 793.02M 744.58M 83.64M -70.28M -47.38M
Non current assets total 1526.05M 1131.72M 417.23M 70.28M 47.38M
Long term debt total - - - 102.44M 101.85M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments -67.03M -96.56M 20.23M 47.02M 23.09M
Change to liabilities - - - 93.38M 27.63M
Total cashflows from investing activities -149.17M -96.56M - 47.02M 23.09M
Net borrowings -55.31M -13.75M - -19.79M -19.79M
Total cash from financing activities -65.14M -21.24M -5.29M -19.83M -10.00M
Change to operating activities - - - -83.55M -54.06M
Net income 74.83M 42.82M 86.83M 25.34M 17.58M
Change in cash -5.36M -6.64M -50.82M -4.55M -43.20M
Begin period cash flow 649.09M 655.73M 706.55M 711.10M 754.31M
End period cash flow 643.73M 649.09M 655.73M 706.55M 711.10M
Total cash from operating activities 210.21M 111.50M 7.51M -31.80M -56.30M
Depreciation - - 0.00M 0.08M 2.28M
Other cashflows from investing activities 13.56M -96.56M - - 6.10M
Dividends paid - 42.50M - - -
Change to inventory - - 103.28M - -
Change to account receivables 44.50M -145.19M -127.22M -116.97M -69.38M
Sale purchase of stock -9.82M -7.49M 0.00M -0.04M -10.00M
Other cashflows from financing activities -65.14M 42.50M -4.34M 47.02M -10.00M
Change to netincome - - - 0.94M -30.50M
Capital expenditures 0.00M 0.00M 46.00M 107.25M 1.23M
Change receivables - - - -116.97M -70.11M
Cash flows other operating - - - -34.49M -0.91M
Cash and cash equivalents changes - - - -4.61M -43.20M
Change in working capital 153.05M 96.03M -54.57M -3.31M -27.57M
Stock based compensation 7.09M 4.46M 6.14M 4.68M 3.23M
Other non cash items -24.76M -31.80M -30.89M -58.59M -51.81M
Free cash flow 210.21M 111.50M 53.50M -139.05M -57.53M

Peer Comparison*

Sector: Financial Services Industry: Insurance - Reinsurance

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
GLRE
Greenlight Capital Re Ltd
0.20
1.33%
15.29 8.51 4.64 0.87 0.89 0.76
MURGF
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
11.15
1.77%
641.52 9.35 10.04 1.21 1.89 1.03
MURGY
Muenchener Rueckver Ges
-0.02
0.16%
12.73 9.46 10.13 1.21 1.90 1.03
SSREY
Swiss Re Ltd
-0.53
1.13%
46.51 10.42 9.05 1.21 2.01 1.21
SSREF
Swiss Re AG
-1.42
0.76%
184.52 10.26 8.97 1.19 1.99 1.21

Profile*

Greenlight Capital Re Ltd

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.

65 Market Street, Grand Cayman, Cayman Islands, KY1-1205

345 943 4573

84

Name Title Year Born
Mr. Simon Burton CEO & Director 1970
Mr. Neil W. Greenspan Chief Financial Officer 1968
Ms. Laura Accurso Gen. Counsel, Corp. Sec. & Chief Compliance Officer 1976
Mr. Thomas James Curnock Ph.D. Chief Risk Officer 1972
Mr. Patrick O'Brien Chief Exec. Officer of GRIL 1970
Mr. Faramarz Romer Chief Accounting Officer & Treasurer 1976
Mr. Adam Prior Sr. VP of Equity Group Inc. NA
Mr. Jim Ehman Head of Casualty Underwriting - Cayman Islands NA
Mr. Kagabo Ngiruwonsanga Head of Pricing & Analytics NA
Mr. Brian O'Reilly Head of Innovations NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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