Greenlight Reinsurance/$GLRE
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Capital at risk
About Greenlight Reinsurance
Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed and income from investments.
- Ticker
- $GLRE
- Sector
- Finance
- Primary listing
- NASDAQ
- Employees
- 84
- Headquarters
- Grand Cayman, Cayman Islands
- Website
- greenlightre.com
GLRE Metrics
BasicAdvanced
$486M
10.00
$1.49
0.32
-
Price and volume
Market cap
$486M
Beta
0.32
52-week high
$19.39
52-week low
$11.57
Average daily volume
131K
Financial strength
Current ratio
1.498
Quick ratio
0.082
Long term debt to equity
0.016
Total debt to equity
0.017
Interest coverage (TTM)
28.50%
Profitability
Gross margin (TTM)
12.39%
Net profit margin (TTM)
7.38%
Operating margin (TTM)
9.12%
Effective tax rate (TTM)
4.00%
Revenue per employee (TTM)
$8,230,000
Management effectiveness
Return on assets (TTM)
1.78%
Return on equity (TTM)
7.50%
Valuation
Price to earnings (TTM)
9.998
Price to revenue (TTM)
0.722
Price to book
0.7
Price to tangible book (TTM)
0.7
Price to free cash flow (TTM)
2.495
Free cash flow yield (TTM)
40.08%
Free cash flow per share (TTM)
5.969
Growth
Revenue change (TTM)
-0.65%
Earnings per share change (TTM)
35.63%
3-year revenue growth (CAGR)
4.46%
10-year revenue growth (CAGR)
10.67%
3-year earnings per share growth (CAGR)
-9.08%
10-year earnings per share growth (CAGR)
-15.58%
Bulls say / Bears say
Greenlight Re’s underwriting improved in the first half of 2026: the combined ratio fell to 98.1% from 99.9%, and underwriting income rose to $6.0 million from $0.3 million. This suggests the core insurance book remained profitable despite a difficult second quarter. (Greenlight Re)
The Innovations segment is becoming a credible growth engine: second-quarter gross written premiums rose 12% and its combined ratio improved to 89.7% from 107.0%. Approval in principle to turn its Lloyd’s operation into a full syndicate from January 2027 could open further MGA and treaty-reinsurance growth. (The Motley Fool)
Management is actively supporting per-share value through buybacks, having repurchased about 4% of shares in 2026 by the second-quarter earnings call. With fully diluted book value per share at $20.61 at 30 June and shares bought below that level, further repurchases could be accretive if the discount persists. (The Motley Fool, Greenlight Re)
Second-quarter results showed how exposed earnings are to investment volatility: Greenlight Re reported a $29.6 million net loss, including a $23.8 million investment loss. First-half investment income fell to $16.6 million from $32.7 million a year earlier. (Greenlight Re)
Catastrophe and specialty risks remain material. The company added $20.0 million of Middle East conflict reserves in the second quarter, taking the total to $25.0 million, while management said insured-loss estimates still carried a high degree of uncertainty. (The Motley Fool)
The premium base is under pressure in a softer reinsurance market: first-half gross written premiums fell 4% and net premiums earned fell 4%. Management also said it expected open-market written premium to be lower for 2026 and reduced net exposure as pricing softened. (Greenlight Re, The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 25 Sept 2026.
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Funds containing GLRE
AllGBPEUR
Fund name | Fund size | $GLRE weighting |
|---|---|---|
Xtrackers S&P 500 Swap£XSPX | £3.1B | 0.04% |
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.02% |
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