Greenlight Reinsurance, Ltd. (GLRE) financial statements (2022 and earlier)

Company profile

Business Address 65 MARKET STREET, SUITE 1207,
GRAND CAYMAN, KY1-1205
State of Incorp.
Fiscal Year End December 31
SIC 6331 - Fire, Marine, and Casualty Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76926551,2389061,057
Cash and cash equivalents76926182740112
Short-term investments   371,211866945
Total current assets:76926551,2389061,057
Noncurrent Assets
Operating lease, right-of-use asset200
Property, plant and equipment     11
Long-term investments and receivables184167240    
Long-term investments184167240    
Total noncurrent assets:186167240  11
Other undisclosed assets1,1651,1821,0891,3802,1191,7581,654
TOTAL ASSETS:1,4271,3581,3551,4353,3572,6652,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities9528938789562,5061,7731,864
Total liabilities:9528938789562,5061,7731,864
Temporary equity, carrying amount   27  
Stockholders' equity
Stockholders' equity attributable to parent476465477477831874825
Common stock3344444
Additional paid in capital482488504500503500496
Retained earnings (accumulated deficit)(10)(27)(30)(26)324370325
Stockholders' equity attributable to noncontrolling interest   0131723
Total stockholders' equity:476465477478844892849
TOTAL LIABILITIES AND EQUITY:1,4271,3581,3551,4353,3572,6652,713

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues589484538183646588123
Premiums earned, net539455484 
Financial services revenue508626513408
Cost of revenue(535)(462)(506)(509)(664)(515)(433)
Policyholder benefits and claims incurred, net(375)(338)(388) 
Deferred policy acquisition costs, amortization expense(145)(109)(117)(145)(162)(135)(116)
Financial services costs(364)(502)(381)(317)
Gross profit:542233(326)(18)73(310)
Operating expenses(37)(26)(30)(25)(26)(26)(23)
Other operating income (expense), net(1)3     
Operating income (loss):16(1)3(351)(45)47(334)
Nonoperating income05     
Investment income, nonoperating05     
Foreign currency transaction loss, before tax(0)(0)     
Interest and debt expense(18)(0)(2)(3)(1)  
Other undisclosed income from continuing operations before equity method investments, income taxes    1  
Income (loss) from continuing operations before equity method investments, income taxes:(2)40(354)(45)47(334)
Income from equity method investments 1     
Income (loss) from continuing operations before income taxes:(2)50(354)(45)47(334)
Income tax expense (benefit)(4)(0)(0)(0)0(1)2
Income (loss) before gain (loss) on sale of properties:(6)4(0)(354)(44)47(332)
Other undisclosed net income (loss)23(0)(4)    
Net income (loss):184(4)(354)(44)47(332)
Net income (loss) attributable to noncontrolling interest   4(1)(2)6
Net income (loss) available to common stockholders, diluted:184(4)(350)(45)45(326)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):184(4)(354)(44)47(332)
Comprehensive income (loss):184(4)(354)(44)47(332)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   4(1)  
Comprehensive income (loss), net of tax, attributable to parent:184(4)(350)(45)47(332)

Statements sources

The financial statements are based on the company's filings with the 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.

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