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MARKETS / NASDAQ / GLRE
NASDAQ · FIRE, MARINE & CASUALTY INSURANCE · MID CAP

Greenlight Capital RE, Ltd. GLRE

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$729.8M
▲ 4.8% YoY
$74.8M
▲ 74.8% YoY
In brief

What this company does

It has two reportable segments, Open Market and Innovations. Through its Open Market segment, it provides treaty reinsurance to insurance companies on a global basis, written on a proportional or non-proportional basis. Through its Innovations segment, it provides underwriting capacity to its program partners through insurance and reinsurance structures on a global basis, written on a proportional or non-proportional basis. Greenlight Capital Re, Ltd. was established in 2004.

Written from the business description in Greenlight Capital Re, Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 9 March 2026. Every sentence was checked against that document before publication.

Growth
USD 729.8M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 729.8 · Net income 74.8
400M-200M200920112013201520172019202120232025
Compound annual growth
+11.5%
+8.6%
+19.5%
+4.3%
+43.5%
+80.9%
−1.3%
+43.8%
+81.6%
−0.8%
+554.8%
−11.2%
−5.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +8.6% a year over five years — but profit grew faster: net income at +80.9%, earnings per share at +81.6%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
10 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 10.7% · Net 10.3%
20%40%-100%-200%200920112013201520172019202120232025
ROE
FY2025 · ROE 11.1%
10%20%-20%-40%200920112013201520172019202120232025

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders
USD 9.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2015 · FCF -57.4
20M40M-50M-100M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 9.8
8M16M2013201520172019202120232025

USD 9.8M in buybacks — 13% of the year's profit went back to shareholders.

Total assetsUSD 2.2B
EquityUSD 708.0M
CashUSD 111.8M
Gross debtUSD 4.7M
Net debtUSD -107.0M

The company holds more cash than debt.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.70.70.70.50.60.50.50.20.60.60.10.50.80.50.40.40.4
Operating income $B0.10.00.1··············
EBITDA $B·················
Income tax $B0.00.00.0−0.00.00.00.00.0−0.00.0−0.0−0.00.00.00.00.0−0.0
Net income $B0.10.00.10.00.00.0−0.0−0.4−0.00.0−0.30.10.20.00.00.10.2
Free cash flow $B··········−0.1−0.1−0.1−0.1−0.00.00.0
EPS, diluted $2.171.242.500.730.510.11−0.11−9.74−1.211.20−8.902.896.010.390.182.445.71
Dividend / sh $·················
Payout %·················
ROE %11.17.015.85.23.70.8−0.8−53.5−5.35.3−32.89.924.11.80.811.4·
Shares out B0.030.030.040.00·············

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 50 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 7 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityFire, Marine & Casualty Insurance
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2009

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