Greenlight Reinsurance, Ltd. (GLRE) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments26551,2389061,0571,3278
Cash and cash equivalents26182740112124
Short-term investments 371,2118669451,3154
Total current assets:26551,2389061,0571,3278
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment   1112
Long-term investments and receivables240      
Long-term investments240      
Total noncurrent assets:240  1112
Other undisclosed assets1,0891,3802,1191,7581,6541,6663,085
TOTAL ASSETS:1,3551,4353,3572,6652,7132,9953,095
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8789562,5061,7731,8641,8012,009
Total liabilities:8789562,5061,7731,8641,8012,009
Temporary equity, carrying amount 27    
Stockholders' equity
Stockholders' equity attributable to parent4774778318748251,1651,052
Common stock4444444
Additional paid in capital504500503500496501497
Retained earnings (accumulated deficit)(30)(26)324370325661551
Stockholders' equity attributable to noncontrolling interest 01317232935
Total stockholders' equity:4774788448928491,1941,086
TOTAL LIABILITIES AND EQUITY:1,3551,4353,3572,6652,7132,9953,095

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues538183646588123477765
Premiums earned, net484 
Financial services revenue508626513408354548
Cost of revenue(506)(509)(664)(515)(433)(343)(338)
Policyholder benefits and claims incurred, net(388) 
Deferred policy acquisition costs, amortization expense(117)(145)(162)(135)(116)(108)172
Financial services costs(364)(502)(381)(317)(235)(338)
Gross profit:33(326)(18)73(310)135427
Operating expenses(30)(25)(26)(26)(23)(22)(28)
Other operating income (expense), net     0(1)
Operating income (loss):3(351)(45)47(334)113398
Nonoperating income     381145
Investment income, nonoperating     383126
Interest and debt expense(2)(3)(1)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  1  (381)(310)
Income (loss) from continuing operations before income taxes:0(354)(45)47(334)113233
Income tax expense (benefit)(0)(0)0(1)21(1)
Income (loss) before gain (loss) on sale of properties:(0)(354)(44)47(332)113232
Other undisclosed net loss(4)      
Net income (loss):(4)(354)(44)47(332)113232
Net income (loss) attributable to noncontrolling interest 4(1)(2)6(4)(7)
Net income (loss) available to common stockholders, diluted:(4)(350)(45)45(326)110226

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(4)(354)(44)47(332)113232
Comprehensive income (loss):(4)(354)(44)47(332)113232
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 4(1)    
Comprehensive income (loss), net of tax, attributable to parent:(4)(350)(45)47(332)113232

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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