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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments926551,2389061,0571,327
Cash and cash equivalents92618274011212
Short-term investments  371,2118669451,315
Total current assets:926551,2389061,0571,327
Noncurrent Assets
Operating lease, right-of-use asset00
Property, plant and equipment    111
Long-term investments and receivables167240     
Long-term investments167240     
Total noncurrent assets:167240  111
Other undisclosed assets1,1821,0891,3802,1191,7581,6541,666
TOTAL ASSETS:1,3581,3551,4353,3572,6652,7132,995
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8938789562,5061,7731,8641,801
Total liabilities:8938789562,5061,7731,8641,801
Temporary equity, carrying amount  27   
Stockholders' equity
Stockholders' equity attributable to parent4654774778318748251,165
Common stock3444444
Additional paid in capital488504500503500496501
Retained earnings (accumulated deficit)(27)(30)(26)324370325661
Stockholders' equity attributable to noncontrolling interest  013172329
Total stockholders' equity:4654774788448928491,194
TOTAL LIABILITIES AND EQUITY:1,3581,3551,4353,3572,6652,7132,995

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues484538183646588123477
Premiums earned, net455484 
Financial services revenue508626513408354
Cost of revenue(462)(506)(509)(664)(515)(433)(343)
Policyholder benefits and claims incurred, net(338)(388) 
Deferred policy acquisition costs, amortization expense(109)(117)(145)(162)(135)(116)(108)
Financial services costs(364)(502)(381)(317)(235)
Gross profit:2233(326)(18)73(310)135
Operating expenses(26)(30)(25)(26)(26)(23)(22)
Other operating income, net3     0
Operating income (loss):(1)3(351)(45)47(334)113
Nonoperating income5     381
Investment income, nonoperating5     383
Interest and debt expense(0)(2)(3)(1)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   1  (381)
Income (loss) from continuing operations before equity method investments, income taxes:40(354)(45)47(334)113
Income from equity method investments1      
Income (loss) from continuing operations before income taxes:50(354)(45)47(334)113
Income tax expense (benefit)(0)(0)(0)0(1)21
Income (loss) before gain (loss) on sale of properties:4(0)(354)(44)47(332)113
Other undisclosed net loss(0)(4)     
Net income (loss):4(4)(354)(44)47(332)113
Net income (loss) attributable to noncontrolling interest  4(1)(2)6(4)
Net income (loss) available to common stockholders, diluted:4(4)(350)(45)45(326)110

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):4(4)(354)(44)47(332)113
Comprehensive income (loss):4(4)(354)(44)47(332)113
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  4(1)   
Comprehensive income (loss), net of tax, attributable to parent:4(4)(350)(45)47(332)113

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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