GLRE · Greenlight Capital Re, Ltd. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $729.78M | $696.03M | $667.08M | $526.68M | $588.55M | $484.09M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | $43.24M | $31.61M | $29.37M | $26.40M |
| Total Operating Expenses | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - |
| Operating Income | $43.56M | - | - | - | - | - |
| Interest Expense | - | - | - | - | - | $6.28M |
| Income Tax | $3.48M | $749.0K | $100.0K | ($816.0K) | $3.75M | $424.0K |
| Net Income | $74.83M | $42.82M | $86.83M | $25.34M | $17.58M | $3.87M |
| EPS - Basic | $2.21 | $1.26 | $2.55 | $0.75 | $0.51 | $0.11 |
| EPS - Diluted | $2.17 | $1.24 | $2.50 | $0.73 | $0.51 | $0.11 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $111.76M | $64.69M | $51.08M | $38.24M | $76.31M | $8.94M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $2.17B | $2.02B | $1.74B | $1.58B | $1.43B | $1.36B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $4.72M | $60.75M | $73.28M | - | - | - |
| Total Liabilities | $1.46B | $1.38B | $1.14B | $1.08B | $951.83M | $892.79M |
| Stockholders' Equity | $707.98M | $635.88M | $596.10M | $503.12M | $475.66M | $464.86M |
| Retained Earnings | $225.68M | $150.84M | $108.03M | $21.20M | ($9.51M) | ($27.08M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $210.21M | $111.50M | $7.51M | ($31.80M) | ($56.30M) | ($91.32M) |
| Investing Cash Flow | ($149.17M) | ($96.56M) | ($53.13M) | $47.02M | $23.09M | $95.63M |
| Financing Cash Flow | ($65.14M) | ($21.24M) | ($5.29M) | ($19.83M) | ($10.00M) | ($17.78M) |
| CapEx | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 6.0% | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 10.3% | 6.2% | 13.0% | 4.8% | 3.0% | 0.8% |
| Free cash flow margin | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | 6.5% | 6.0% | 5.0% | 5.5% |
| Effective tax rate | 4.4% | 1.7% | 0.1% | -3.3% | 17.6% | 9.9% |
| Return on assets | 3.4% | 2.1% | 5.0% | 1.6% | 1.2% | 0.3% |
| Return on equity | 10.6% | 6.7% | 14.6% | 5.0% | 3.7% | 0.8% |
| Return on invested capital | 5.8% | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.01 | 0.10 | 0.12 | - | - | - |
| Debt / Assets | 0.00 | 0.03 | 0.04 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 3.06 | 3.17 | 2.91 | 3.14 | 3.00 | 2.92 |
| Liabilities / Assets | 0.67 | 0.68 | 0.66 | 0.68 | 0.67 | 0.66 |
| Efficiency | ||||||
| Asset turnover | 0.34 | 0.35 | 0.38 | 0.33 | 0.41 | 0.36 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 6.7x | 11.3x | 4.6x | 11.2x | 15.4x | 66.5x |
| P / B | 0.7x | 0.8x | 0.7x | 0.6x | 0.6x | 0.6x |
| P / S | 0.7x | 0.7x | 0.6x | 0.6x | 0.5x | 0.5x |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 4.8% | 4.3% | 26.7% | -10.5% | 21.6% | -10.0% |
| Revenue CAGR (3y) | 11.5% | 5.8% | 11.3% | -0.7% | 47.6% | -9.2% |
| Revenue CAGR (5y) | 8.6% | 5.3% | 29.5% | -4.0% | 0.0% | 31.5% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - |
| Net income growth (YoY) | 74.8% | -50.7% | 242.6% | 44.2% | 354.7% | - |
| EPS growth (YoY) | 75.0% | -50.4% | 242.5% | 43.1% | 363.6% | - |
| EPS CAGR (3y) | 43.8% | 34.5% | 183.3% | - | - | - |
| EPS CAGR (5y) | 81.6% | - | - | - | -15.7% | - |
| FCF growth (YoY) | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | 11.3% | 6.7% | 18.5% | 5.8% | 2.3% | -2.6% |
Stability scores
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Fire, Marine & Casualty Insurance
Comparing GREENLIGHT CAPITAL RE against the 5 most active filers in the same SIC group.