Complete financial analysis of Greenlight Capital Re, Ltd. (GLRE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Greenlight Capital Re, Ltd., a leading company in the Insurance – Reinsurance industry within the Financial Services sector.
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Greenlight Capital Re, Ltd. (GLRE)
About Greenlight Capital Re, Ltd.
Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, energy, aviation, crop, cyber, political, and terrorism products. The company markets its products through reinsurance brokers. Greenlight Capital Re, Ltd. was incorporated in 2004 and is headquartered in Grand Cayman, the Cayman Islands.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 624.28M | 414.63M | 571.34M | 479.66M | 492.10M | 243.60M | 645.68M | 588.37M | 123.05M | 477.23M | 765.09M | 545.40M | 403.15M | 390.63M | 419.08M | -11.18M | 125.69M | 86.15M | 29.26M | 10.15M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -22.44M | 625.81M | 563.82M | 103.80M | 428.10M | 338.49M | 0.00 | 0.00 | 334.22M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 624.28M | 414.63M | 571.34M | 479.66M | 492.10M | 266.04M | 19.86M | 24.54M | 19.25M | 49.13M | 426.60M | 545.40M | 403.15M | 56.41M | 419.08M | -11.18M | 125.69M | 86.15M | 29.26M | 10.15M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 109.21% | 3.08% | 4.17% | 15.64% | 10.30% | 55.76% | 100.00% | 100.00% | 14.44% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 23.65M | 17.79M | 16.49M | 26.40M | 29.82M | 12.06M | 26.36M | 9.23M | 23.43M | 21.93M | 21.72M | 17.54M | 0.00 | 16.19M | 18.99M | 13.76M | 11.92M | 9.06M | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 23.65M | 17.79M | 16.49M | 26.40M | 29.82M | 12.06M | 26.36M | 9.23M | 23.43M | 21.93M | 21.72M | 17.54M | 13.89M | 16.19M | 18.99M | 13.76M | 11.92M | 9.06M | 0.00 | 0.00 |
| Other Expenses | 0.00 | 4.20B | -565.63M | -504.92M | -527.73M | 522.46M | 679.28M | 531.93M | 433.30M | 345.23M | 0.00 | 0.00 | 0.00 | -12.10M | -226.27M | -27.51M | -8.98M | -38.21M | -2.99M | -3.38M |
| Operating Expenses | 38.94M | 11.09B | -549.14M | -478.52M | -497.91M | 534.52M | 690.50M | 541.16M | 456.74M | 367.15M | 21.72M | 17.54M | 13.89M | 4.09M | -207.27M | -13.76M | 2.93M | -29.15M | -2.99M | -3.38M |
| Cost & Expenses | 38.94M | 459.09M | 550.02M | 475.37M | 495.60M | 597.60M | 690.50M | 541.16M | 456.74M | 364.58M | 532.08M | 526.86M | 394.33M | 299.59M | 209.58M | 110.89M | 90.36M | 29.15M | -2.99M | -3.38M |
| Interest Income | 0.00 | 4.47M | 0.00 | 3.54M | 11.26M | 0.00 | 1.57M | 1.58M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 8.03M | 10.92M | 17.92M | 6.28M | 6.26M | 2.51M | 0.00 | 0.00 | 18.48M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 0.00 | 79.00K | 16.00K | 21.00K | 21.00K | 260.00K | 368.00K | 390.00K | 405.00K | 436.00K | 325.00K | 250.00K | 232.00K | 225.00K | 117.00K | 40.00K | 40.00K | 20.00K | 2.00K | 0.00 |
| EBITDA | 0.00 | 0.00 | 39.26M | 5.32M | -41.65M | -350.99M | -44.46M | 47.60M | -333.28M | 113.09M | 233.33M | 18.79M | 9.05M | 225.00K | 211.93M | -24.89M | 35.37M | 57.02M | 26.27M | 6.78M |
| EBITDA Ratio | 0.00% | 17.69% | 4.29% | 0.72% | -0.70% | -142.43% | -6.97% | 7.78% | -251.36% | 22.92% | 29.61% | 2.74% | 1.80% | 0.06% | 50.56% | 1,081.36% | 0.03% | 66.19% | 89.78% | 66.74% |
| Operating Income | 616.31M | 73.25M | 22.20M | 1.14M | -5.81M | -369.66M | -38.75M | 47.21M | -333.69M | 112.65M | 233.01M | 18.54M | 8.81M | 94.78M | 211.81M | -24.93M | 35.33M | 57.00M | 26.27M | 6.78M |
| Operating Income Ratio | 98.72% | 17.67% | 3.89% | 0.24% | -1.18% | -151.75% | -6.00% | 8.02% | -271.18% | 23.61% | 30.45% | 3.40% | 2.19% | 24.26% | 50.54% | 223.07% | 28.11% | 66.16% | 89.77% | 66.74% |
| Total Other Income/Expenses | -529.38M | -476.20M | -17.96M | 9.56M | 43.25M | -19.80M | -44.83M | -534.70M | -34.79M | -366.75M | -30.11M | -34.86M | -232.00K | 0.00 | -2.31M | -97.13M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 86.93M | 24.53M | 21.32M | 4.29M | -3.50M | -354.00M | -44.83M | 47.21M | -333.69M | 112.65M | 233.01M | 18.54M | 8.81M | 91.04M | 209.50M | 0.00 | 0.00 | 0.00 | 54.20M | 0.00 |
| Income Before Tax Ratio | 13.92% | 5.92% | 3.73% | 0.89% | -0.71% | -145.32% | -6.94% | 8.02% | -271.18% | 23.61% | 30.45% | 3.40% | 2.19% | 23.31% | 49.99% | 0.00% | 0.00% | 0.00% | 185.25% | 0.00% |
| Income Tax Expense | 100.00K | -816.00K | 3.75M | 424.00K | 483.00K | 332.00K | -451.00K | 509.00K | -1.76M | -624.00K | 538.00K | 86.00K | 247.00K | 396.00K | -49.00K | 0.00 | -35.33M | 0.00 | 27.93M | -6.78M |
| Net Income | 86.83M | 25.34M | 17.58M | 3.87M | -3.99M | -350.05M | -44.95M | 44.88M | -326.43M | 109.59M | 225.70M | 14.60M | 6.77M | 90.64M | 211.81M | -120.90M | 35.33M | 57.00M | 26.27M | 6.78M |
| Net Income Ratio | 13.91% | 6.11% | 3.08% | 0.81% | -0.81% | -143.70% | -6.96% | 7.63% | -265.28% | 22.96% | 29.50% | 2.68% | 1.68% | 23.20% | 50.54% | 1,081.72% | 28.11% | 66.16% | 89.77% | 66.74% |
| EPS | 2.55 | 0.75 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 | -8.90 | 2.94 | 6.13 | 0.40 | 0.19 | 2.49 | 5.78 | -3.36 | 1.17 | 2.67 | 1.24 | 0.32 |
| EPS Diluted | 2.50 | 0.64 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 | -8.90 | 2.89 | 6.01 | 0.39 | 0.18 | 2.44 | 5.71 | -3.36 | 1.15 | 2.66 | 1.24 | 0.32 |
| Weighted Avg Shares Out | 34.07M | 33.91M | 34.20M | 36.17M | 36.08M | 35.94M | 37.00M | 37.27M | 36.67M | 37.24M | 36.84M | 36.70M | 36.55M | 36.42M | 36.23M | 35.97M | 30.31M | 21.37M | 21.18M | 21.23M |
| Weighted Avg Shares Out (Dil) | 34.80M | 39.77M | 34.35M | 36.28M | 36.08M | 35.95M | 37.00M | 37.34M | 36.67M | 37.87M | 37.59M | 37.36M | 37.29M | 37.22M | 36.72M | 35.97M | 30.81M | 21.46M | 21.18M | 21.23M |
Greenlight Capital Re, Ltd. (GLRE) Q3 2024 Earnings Call Transcript
Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q3 2024 Earnings Call November 5, 2024 9:00 AM ET Company Participants David Sigmon - General Counsel Greg Richardson - Chief Executive Officer David Einhorn - Chairman Faramarz Romer - Chief Financial Officer Conference...
Greenlight Re Announces Third Quarter 2024 Financial Results
Achieves Combined ratio of 95.9% and Net income of $35.2 million; Leading to Earnings of $1.01 Per Diluted Share; Achieves Combined ratio of 95.9% and Net income of $35.2 million; Leading to Earnings of $1.01 Per Diluted Share;
Greenlight Capital Re, Ltd. Schedules Third Quarter 2024 Financial Results and Conference Call
GRAND CAYMAN, Cayman Islands, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the...
AM Best Revises Outlooks to Positive for Greenlight Capital Re, Ltd. and Its Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of Greenlight Reinsurance, Ltd. (Cayman Islands) and...
Greenlight Capital Re, Ltd. (GLRE) Q2 2024 Earnings Call Transcript
Greenlight Capital Re, Ltd. (NASDAQ:GLRE ) Q2 2024 Earnings Conference Call August 7, 2024 9:00 AM ET Corporate Participants David Sigmon - General Counsel Greg Richardson - Executive Officer David Einhorn - Chairman of the Board Faramarz Romer - Chief...
Greenlight Re Announces Second Quarter 2024 Financial Results
Premium Growth of 9.1%; 2024 Investor Day to be Held on Tuesday November 19, 2024 Premium Growth of 9.1%; 2024 Investor Day to be Held on Tuesday November 19, 2024
Greenlight Capital Re, Ltd. Schedules Second Quarter 2024 Financial Results and Conference Call
GRAND CAYMAN, Cayman Islands, July 30, 2024 (GLOBE NEWSWIRE) -- Greenlight Capital Re, Ltd. (NASDAQ: GLRE) (the "Company" or "Greenlight Re"), a multiline property and casualty insurer and reinsurer, today announced that it expects to release financial results for the...
Greenlight Capital Re Ltd. (GLRE) Q1 2024 Earnings Call Transcript
Greenlight Capital Re Ltd. (NASDAQ:GLRE ) Q1 2024 Results Conference Call May 9, 2024 9:00 AM ET Company Participants David Sigmon - General Counsel, Corporate Secretary & Chief Compliance Officer Greg Richardson - Executive Officer David Einhorn - Chairman of...
Greenlight Re Announces First Quarter 2024 Financial Results
Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million Strong Premium Growth of 16.5%, Leading to Net income of $27.0 million
Follow David Einhorn and Buy These 3 Stocks in Q2
David Einhorn is a professional investor who runs the Greenlight Capital hedge fund. Since its inception in 1996, Greenlight Capital has racked up some impressive gains.
Source: https://incomestatements.info
Category: Stock Reports