Greenlight Capital Re Ltd. (GLRE) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
65 MARKET STREET, SUITE 1207, GRAND CAYMAN, KY1-1205 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 64,685 | 51,082 | 38,238 | 76,307 | 8,935 | 25,813 | |||
| Cash and cash equivalent | 64,685 | 51,082 | 38,238 | 76,307 | 8,935 | 25,813 | |||
| Total current assets: | 64,685 | 51,082 | 38,238 | 76,307 | 8,935 | 25,813 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 900 | 1,400 | 1,900 | 2,400 | 100 | 300 | |||
| Long-term investments and receivables | 387,144 | 258,890 | 178,197 | 183,591 | 166,735 | 240,056 | |||
| Long-term investments | 387,144 | 258,890 | 178,197 | 183,591 | 166,735 | 240,056 | |||
| Total noncurrent assets: | 388,044 | 260,290 | 180,097 | 185,991 | 166,835 | 240,356 | |||
| Other undisclosed assets | 1,563,494 | 1,423,935 | 1,362,046 | 1,165,196 | 1,181,880 | 1,089,024 | |||
| TOTAL ASSETS: | 2,016,223 | 1,735,307 | 1,580,381 | 1,427,494 | 1,357,650 | 1,355,193 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,380,344 | 1,139,212 | 1,077,261 | 951,831 | 892,793 | 878,010 | |||
| Total liabilities: | 1,380,344 | 1,139,212 | 1,077,261 | 951,831 | 892,793 | 878,010 | |||
| Equity | |||||||||
| Equity, attributable to parent | 635,879 | 596,095 | 503,120 | 475,663 | 464,857 | 477,183 | |||
| Common stock | 3,483 | 3,534 | 3,482 | 3,384 | 3,452 | 3,699 | |||
| Additional paid in capital | 481,551 | 484,532 | 478,439 | 481,784 | 488,488 | 503,547 | |||
| Retained earnings (accumulated deficit) | 150,845 | 108,029 | 21,199 | (9,505) | (27,083) | (30,063) | |||
| Total equity: | 635,879 | 596,095 | 503,120 | 475,663 | 464,857 | 477,183 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,016,223 | 1,735,307 | 1,580,381 | 1,427,494 | 1,357,650 | 1,355,193 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 696,026 | 667,082 | 526,683 | 588,551 | 484,092 | 538,153 | ||
| Premiums earned, net | 583,147 | 469,477 | 539,279 | 455,411 | 483,580 | |||
| Cost of revenue | (604,044) | (528,881) | (459,633) | (534,940) | (462,121) | (505,571) | ||
| Policyholder benefits and claims incurred, net | (427,269) | (360,004) | (316,485) | (374,980) | (337,833) | (388,487) | ||
| Deferred policy acquisition costs, amortization expense | (176,775) | (168,877) | (143,148) | (144,960) | (109,288) | (117,084) | ||
| Gross profit: | 91,982 | 138,201 | 67,050 | 53,611 | 21,971 | 32,582 | ||
| Operating expenses | (32,665) | (52,117) | (47,656) | (36,897) | (26,115) | (29,822) | ||
| Other operating income (expense), net | (16,377) | (880) | 3,149 | |||||
| Other expenses | (16,377) | |||||||
| Operating income (loss): | 42,940 | 86,084 | 19,394 | 15,834 | (995) | 2,760 | ||
| Nonoperating income | 1,738 | 4,691 | 155 | 5,336 | ||||
| Investment income, nonoperating | 1,738 | 10,865 | 200 | 5,419 | ||||
| Loss, foreign currency transaction, before tax | (6,174) | (45) | (83) | |||||
| Interest and debt expense | (7,766) | (10,232) | (17,918) | (480) | (2,329) | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 42,940 | 80,056 | 13,853 | (1,929) | 3,861 | 431 | ||
| Income from equity method investments | 843 | |||||||
| Income (loss) from continuing operations before income taxes: | 42,940 | 80,056 | 13,853 | (1,929) | 4,704 | 431 | ||
| Income tax expense (benefit) | (749) | (100) | 816 | (3,746) | (424) | (483) | ||
| Income (loss) from continuing operations: | 42,191 | 79,956 | 14,669 | (5,675) | 4,280 | (52) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (5,675) | 4,280 | (52) | |
| Other undisclosed net income (loss) | 6,874 | 10,673 | 23,253 | (414) | (3,934) | |||
| Net income (loss): | 42,191 | 86,830 | 25,342 | 17,578 | 3,866 | (3,986) | ||
| Other undisclosed net income (loss) attributable to parent | 625 | |||||||
| Net income (loss) available to common stockholders, basic: | 42,816 | 86,830 | 25,342 | 17,578 | 3,866 | (3,986) | ||
| Interest on convertible debt | 4,201 | |||||||
| Other undisclosed net loss available to common stockholders, diluted | (343) | |||||||
| Net income (loss) available to common stockholders, diluted: | 42,816 | 86,830 | 29,200 | 17,578 | 3,866 | (3,986) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 42,191 | 86,830 | 25,342 | 17,578 | 3,866 | (3,986) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 42,191 | 86,830 | 25,342 | 17,578 | 3,866 | (3,986) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.