Greenlight Reinsurance/$GLRE
1D1W1M3M6MYTD1Y5YMAX
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
$529M
9.46
$1.73
0.27
-
Price and volume
Market cap
$529M
Beta
0.27
52-week high
$19.39
52-week low
$12.59
Average daily volume
114K
Financial strength
Current ratio
1.497
Quick ratio
0.073
Long term debt to equity
0.014
Total debt to equity
0.015
Interest coverage (TTM)
80.05%
Profitability
Gross margin (TTM)
13.10%
Net profit margin (TTM)
8.48%
Operating margin (TTM)
9.78%
Effective tax rate (TTM)
3.28%
Revenue per employee (TTM)
$8,240,000
Management effectiveness
Return on assets (TTM)
1.91%
Return on equity (TTM)
8.67%
Valuation
Price to earnings (TTM)
9.465
Price to revenue (TTM)
0.788
Price to book
0.77
Price to tangible book (TTM)
0.77
Price to free cash flow (TTM)
3.136
Free cash flow yield (TTM)
31.89%
Free cash flow per share (TTM)
5.23
Growth
Revenue change (TTM)
4.58%
Earnings per share change (TTM)
-3,242.43%
3-year revenue growth (CAGR)
2.39%
10-year revenue growth (CAGR)
3.72%
3-year earnings per share growth (CAGR)
-12.94%
10-year earnings per share growth (CAGR)
2.99%
Bulls say / Bears say
Q3 underwriting was profitable, with $14.6 million of underwriting income and a 90.5% combined ratio. The result was helped by a quiet catastrophe quarter, but it shows the core book can produce a solid return when losses are contained. (SEC)
Innovations gross premiums grew 46% in Q3 and 44% over the first nine months. A new Hippo partnership adds co-investment and US fronting capacity, potentially helping the segment expand. (Reinsurance Business)
Greenlight Re continued buying shares below book value: the average repurchase price was $16.90 through September and $14.95 in October, versus fully diluted book value of $20.78 per share. If that gap persists, buybacks can support per-share book value. (SEC)
Earnings remain exposed to volatile investment performance: nine-month net income fell to $9.4 million from $25.6 million, while the Solasglas investment returned -2.3%. (SEC)
Premium growth is weakening as competition softens the open market: Q3 open-market gross premiums contracted 10.4%, and nine-month net premiums earned fell 5%. That makes disciplined pricing more important, but limits near-term growth. (The Motley Fool, SEC)
Catastrophe severity remains a risk: Greenlight booked $31.5 million of catastrophe losses in the first half, including Middle East conflict claims. It reduced some reserves by $6 million in Q3 but retained IBNR reserves while uncertainty persisted. (SEC, The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 5 Nov 2026.
GLRE Financial Performance
Revenues and expenses
Upcoming events
No upcoming events
GLRE News
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Funds containing GLRE
Fund name | Fund size | $GLRE weighting |
|---|---|---|
Xtrackers S&P 500 Swap£XSPX | $9.1B | 0.06% |
SPDR Russell 2000 US Small Cap€R2US | $5B | 0.02% |
SPDR Russell 2000 US Small Cap£R2SC | $5B | 0.02% |
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