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Greenlight Capital Re (GLRE) Financials

Greenlight Capital Re logo
$13.50 -0.04 (-0.30%)
Closing price 05/23/2025 04:00 PM Eastern
Extended Trading
$13.51 +0.01 (+0.07%)
As of 05/23/2025 04:04 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
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Annual Income Statements for Greenlight Capital Re

Annual Income Statements for Greenlight Capital Re

This table shows Greenlight Capital Re's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 43 87 25
Consolidated Net Income / (Loss)		 43 87 25
Net Income / (Loss) Continuing Operations		 43 87 25
Total Pre-Tax Income 		44 87 25
Total Revenue		 687 659 516
Net Interest Income / (Expense)		 -9.18 -8.03 -11
Total Interest Income		 0.00 0.00 0.00
Total Interest Expense		 9.18 8.03 11
Deposits Interest Expense		 3.35 2.69 6.72
Other Interest Expense		 5.84 5.34 4.20
Total Non-Interest Income		 696 667 527
Other Service Charges		 2.12 0.27 0.00
Net Realized & Unrealized Capital Gains on Investments		 40 55 2.36
Premiums Earned		 620 583 469
Other Non-Interest Income		 34 29 55
Total Non-Interest Expense		 643 572 491
Property & Liability Insurance Claims		 427 360 316
Insurance Policy Acquisition Costs		 23 20 14
Other Operating Expenses		 16 24 18
Amortization Expense		 177 169 143
Income Tax Expense		 0.75 0.10 -0.82
Basic Earnings per Share		 $1.26 $2.55 $0.75
Weighted Average Basic Shares Outstanding		 34.10M 34.07M 33.91M
Diluted Earnings per Share		 $1.24 $2.50 $0.73
Weighted Average Diluted Shares Outstanding		 34.65M 34.80M 39.77M
Weighted Average Basic & Diluted Shares Outstanding		 34.56M 35.36M 34.84M

Quarterly Income Statements for Greenlight Capital Re

This table shows Greenlight Capital Re's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 -27 35 7.98 27 18 13 50 5.89 35 -18
Consolidated Net Income / (Loss)		 -27 35 7.98 27 18 13 50 5.89 35 -18
Net Income / (Loss) Continuing Operations		 -27 35 7.98 27 18 13 50 5.89 35 -18
Total Pre-Tax Income 		-28 36 8.41 28 18 14 50 5.94 35 -19
Total Revenue		 141 186 171 189 151 165 189 154 136 127
Net Interest Income / (Expense)		 -1.22 -2.40 -3.45 -2.13 -4.41 -1.74 -0.98 -0.91 -1.13 -7.24
Total Interest Expense		 1.22 2.40 3.45 2.13 4.41 1.74 0.98 0.91 1.13 7.24
Deposits Interest Expense		 0.21 0.38 1.89 0.88 2.04 0.28 0.24 0.13 0.34 6.15
Other Interest Expense		 1.01 2.02 1.56 1.25 2.37 1.46 0.74 0.78 0.79 1.09
Total Non-Interest Income		 142 188 175 191 155 167 190 155 146 127
Other Service Charges		 -9.97 2.21 4.84 5.04 -5.47 0.71 2.87 2.17 13 -6.78
Net Realized & Unrealized Capital Gains on Investments		 12 14 7.29 6.49 23 4.96 14 13 -9.62 3.04
Premiums Earned		 148 152 158 162 137 163 140 143 111 122
Other Non-Interest Income		 -8.82 20 4.33 18 0.91 -1.85 33 -3.14 30 8.52
Total Non-Interest Expense		 169 150 163 162 133 152 139 148 110 139
Property & Liability Insurance Claims		 123 93 102 109 76 97 91 97 64 95
Other Operating Expenses		 -15 10 11 11 -4.21 7.91 10 9.94 -4.93 7.39
Amortization Expense		 39 46 50 42 42 47 38 41 37 37
Income Tax Expense		 -0.93 0.72 0.44 0.52 -0.01 0.03 0.03 0.05 0.01 -0.82
Basic Earnings per Share		 ($0.79) $1.03 $0.23 $0.79 $0.52 $0.40 $1.46 $0.17 $1.04 ($0.56)
Weighted Average Basic Shares Outstanding		 34.10M 34.12M 34.24M 34.27M 34.07M 34.07M 34.07M 34.06M 33.91M 33.13M
Diluted Earnings per Share		 ($0.78) $1.01 $0.23 $0.78 $0.62 $0.39 $1.32 $0.17 $1.09 ($0.56)
Weighted Average Diluted Shares Outstanding		 34.65M 34.81M 34.70M 34.65M 34.80M 34.80M 38.27M 38.23M 39.77M 33.13M
Weighted Average Basic & Diluted Shares Outstanding		 34.56M 34.83M 35.32M 35.32M 35.36M 35.34M 35.27M 35.26M 34.84M 34.82M

Annual Cash Flow Statements for Greenlight Capital Re

This table details how cash moves in and out of Greenlight Capital Re's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 -6.64 -51 -4.55
Net Cash From Operating Activities		 112 7.51 -32
Net Cash From Continuing Operating Activities		 112 7.51 -32
Net Income / (Loss) Continuing Operations		 43 87 25
Consolidated Net Income / (Loss)		 43 87 25
Non-Cash Adjustments to Reconcile Net Income		 -27 -26 -60
Changes in Operating Assets and Liabilities, net		 96 -54 3.14
Net Cash From Investing Activities		 -97 -53 47
Net Cash From Continuing Investing Activities		 -97 -53 47
Purchase of Investment Securities		 -131 -138 -78
Sale and/or Maturity of Investments		 35 85 125
Net Cash From Financing Activities		 -21 -5.29 -20
Net Cash From Continuing Financing Activities		 -21 -5.29 -20
Issuance of Debt		 0.00 75 0.00
Repayment of Debt		 -14 -80 -20
Repurchase of Common Equity		 -7.49 0.00 -0.04
Effect of Exchange Rate Changes		 -0.35 0.10 0.06
Cash Interest Paid		 5.19 5.12 4.12
Cash Income Taxes Paid		 0.22 -1.02 0.66

Quarterly Cash Flow Statements for Greenlight Capital Re

This table details how cash moves in and out of Greenlight Capital Re's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 27 7.56 -29 -13 -8.20 -19 17 -40 25 -16
Net Cash From Operating Activities		 30 41 23 18 22 -15 1.83 -1.26 -4.38 -13
Net Cash From Continuing Operating Activities		 30 41 23 18 22 -15 1.83 -1.26 -4.38 -13
Net Income / (Loss) Continuing Operations		 -27 35 7.98 27 18 13 50 5.89 35 -18
Consolidated Net Income / (Loss)		 -27 35 7.98 27 18 13 50 5.89 35 -18
Non-Cash Adjustments to Reconcile Net Income		 8.94 -17 -2.86 -17 -3.34 5.64 -31 3.35 -39 -3.21
Changes in Operating Assets and Liabilities, net		 48 23 18 7.56 8.37 -34 -17 -11 0.32 8.59
Net Cash From Investing Activities		 0.66 -27 -40 -30 -31 -15 15 -22 43 3.60
Net Cash From Continuing Investing Activities		 0.66 -27 -40 -30 -31 -15 15 -22 43 3.60
Purchase of Investment Securities		 -20 -41 -40 -30 -36 -51 -2.97 -48 -4.60 -14
Sale and/or Maturity of Investments		 21 14 - 0.17 5.00 36 18 26 47 18
Net Cash From Financing Activities		 -1.88 -7.49 -11 -0.94 - 12 - -17 -13 -6.42
Net Cash From Continuing Financing Activities		 -1.88 -7.49 -11 -0.94 - 12 - -17 -13 -6.42
Repayment of Debt		 -1.88 - -11 -0.94 -0.95 -62 - -17 -13 -6.38
Effect of Exchange Rate Changes		 -0.96 0.73 0.01 -0.11 0.25 -0.50 0.22 0.13 0.38 -0.20
Cash Interest Paid		 1.37 0.51 1.59 1.72 1.79 1.76 - 1.58 0.10 2.02
Cash Income Taxes Paid		 0.03 0.04 0.15 0.00 -1.08 0.04 - 0.02 0.66 -

Annual Balance Sheets for Greenlight Capital Re

This table presents Greenlight Capital Re's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 2,016 1,735 1,580
Cash and Due from Banks		 65 51 38
Restricted Cash		 584 605 668
Loans and Leases, Net of Allowance		 0.00 0.00 0.00
Unearned Premiums Asset		 734 637 524
Deferred Acquisition Cost		 82 80 82
Other Assets		 551 363 268
Total Liabilities & Shareholders' Equity		 2,016 1,735 1,580
Total Liabilities		 1,380 1,139 1,077
Long-Term Debt		 61 73 81
Claims and Claim Expense		 861 662 555
Unearned Premiums Liability		 325 306 308
Other Long-Term Liabilities		 134 98 133
Commitments & Contingencies		 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 636 596 503
Total Preferred & Common Equity		 636 596 503
Preferred Stock		 0.00 0.00 0.00
Total Common Equity		 636 596 503
Common Stock		 485 488 482
Retained Earnings		 151 108 21

Quarterly Balance Sheets for Greenlight Capital Re

This table presents Greenlight Capital Re's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 2,002 1,900 1,877 1,740 1,716 1,645 1,525
Cash and Due from Banks		 55 52 62 41 56 40 32
Restricted Cash		 567 562 581 623 628 626 649
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Unearned Premiums Asset		 754 715 719 659 636 602 487
Deferred Acquisition Cost		 82 83 85 85 83 85 79
Other Assets		 544 488 430 332 313 291 277
Total Liabilities & Shareholders' Equity		 2,002 1,900 1,877 1,740 1,716 1,645 1,525
Total Liabilities		 1,338 1,266 1,253 1,164 1,155 1,134 1,058
Long-Term Debt		 63 62 72 75 63 62 93
Claims and Claim Expense		 811 753 731 658 621 596 541
Unearned Premiums Liability		 347 349 349 341 338 338 298
Other Long-Term Liabilities		 117 103 101 90 132 138 125
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 -
Total Equity & Noncontrolling Interests		 663 634 624 576 561 510 467
Total Preferred & Common Equity		 663 634 624 576 561 510 467
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 663 634 624 576 561 510 467
Common Stock		 485 491 489 485 484 483 481
Retained Earnings		 178 143 135 90 77 27 -14

Annual Metrics And Ratios for Greenlight Capital Re

This table displays calculated financial ratios and metrics derived from Greenlight Capital Re's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 4.22% 27.78% -9.62%
EBITDA Growth		 -13.86% 52.56% 610.39%
EBIT Growth		 -49.89% 254.44% 15.02%
NOPAT Growth		 -50.69% 242.63% 44.17%
Net Income Growth		 -50.69% 242.63% 44.17%
EPS Growth		 -50.40% 242.47% 43.14%
Operating Cash Flow Growth		 1,385.33% 123.61% 43.51%
Free Cash Flow Firm Growth		 1,304.69% -92.81% 241.72%
Invested Capital Growth		 4.07% 14.69% 1.73%
Revenue Q/Q Growth		 -1.50% 2.38% -2.89%
EBITDA Q/Q Growth		 -18.36% -1.33% -0.01%
EBIT Q/Q Growth		 -51.33% -8.97% 8.13%
NOPAT Q/Q Growth		 -51.26% -16.49% 70.13%
Net Income Q/Q Growth		 -51.26% -16.49% 70.13%
EPS Q/Q Growth		 -53.03% -15.82% 102.78%
Operating Cash Flow Q/Q Growth		 7.11% 139.50% 51.03%
Free Cash Flow Firm Q/Q Growth		 23.68% -91.87% 934.09%
Invested Capital Q/Q Growth		 -4.05% 2.86% 4.15%
Profitability Metrics		 - - -
EBITDA Margin		 32.08% 38.81% 32.51%
EBIT Margin		 6.34% 13.19% 4.76%
Profit (Net Income) Margin		 6.23% 13.18% 4.91%
Tax Burden Percent		 98.28% 99.89% 103.33%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 1.72% 0.12% -3.33%
Return on Invested Capital (ROIC)		 6.27% 13.86% 4.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.27% 13.86% 4.38%
Return on Net Nonoperating Assets (RNNOA)		 0.68% 1.94% 0.80%
Return on Equity (ROE)		 6.95% 15.80% 5.18%
Cash Return on Invested Capital (CROIC)		 2.28% 0.18% 2.66%
Operating Return on Assets (OROA)		 2.32% 5.24% 1.63%
Return on Assets (ROA)		 2.28% 5.24% 1.69%
Return on Common Equity (ROCE)		 6.95% 15.80% 5.18%
Return on Equity Simple (ROE_SIMPLE)		 6.73% 14.57% 5.04%
Net Operating Profit after Tax (NOPAT)		 43 87 25
NOPAT Margin		 6.23% 13.18% 4.91%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 93.66% 86.81% 95.24%
Earnings before Interest and Taxes (EBIT)		 44 87 25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 220 256 168
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.77 0.68 0.56
Price to Tangible Book Value (P/TBV)		 0.77 0.68 0.56
Price to Revenue (P/Rev)		 0.71 0.61 0.55
Price to Earnings (P/E)		 11.39 4.65 11.20
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 8.78% 21.52% 8.93%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.10 0.12 0.16
Long-Term Debt to Equity		 0.10 0.12 0.16
Financial Leverage		 0.11 0.14 0.18
Leverage Ratio		 3.05 3.02 3.07
Compound Leverage Factor		 3.05 3.02 3.07
Debt to Total Capital		 8.72% 10.95% 13.80%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 8.72% 10.95% 13.80%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 91.28% 89.05% 86.20%
Debt to EBITDA		 0.28 0.29 0.48
Net Debt to EBITDA		 -2.67 -2.28 -3.73
Long-Term Debt to EBITDA		 0.28 0.29 0.48
Debt to NOPAT		 1.42 0.84 3.18
Net Debt to NOPAT		 -13.74 -6.71 -24.70
Long-Term Debt to NOPAT		 1.42 0.84 3.18
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 16 1.11 15
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 1.69 0.14 1.41
Operating Cash Flow to Interest Expense		 12.14 0.93 -2.91
Operating Cash Flow Less CapEx to Interest Expense		 12.14 0.93 -2.91
Efficiency Ratios		 - - -
Asset Turnover		 0.37 0.40 0.34
Fixed Asset Turnover		 0.00 0.00 0.00
Capital & Investment Metrics		 - - -
Invested Capital		 697 669 584
Invested Capital Turnover		 1.01 1.05 0.89
Increase / (Decrease) in Invested Capital		 27 86 9.93
Enterprise Value (EV)		 -101 -179 -342
Market Capitalization		 488 404 284
Book Value per Share		 $18.26 $16.87 $14.45
Tangible Book Value per Share		 $18.26 $16.87 $14.45
Total Capital		 697 669 584
Total Debt		 61 73 81
Total Long-Term Debt		 61 73 81
Net Debt		 -588 -582 -626
Capital Expenditures (CapEx)		 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 61 73 81
Total Depreciation and Amortization (D&A)		 177 169 143
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $1.26 $2.55 $0.75
Adjusted Weighted Average Basic Shares Outstanding		 34.10M 34.07M 33.91M
Adjusted Diluted Earnings per Share		 $1.24 $2.50 $0.73
Adjusted Weighted Average Diluted Shares Outstanding		 34.65M 34.80M 39.77M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.56M 35.36M 34.84M
Normalized Net Operating Profit after Tax (NOPAT)		 43 87 17
Normalized NOPAT Margin		 6.23% 13.18% 3.33%
Pre Tax Income Margin		 6.34% 13.19% 4.76%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 4.74 10.82 2.25
NOPAT to Interest Expense		 4.66 10.81 2.32
EBIT Less CapEx to Interest Expense		 4.74 10.82 2.25
NOPAT Less CapEx to Interest Expense		 4.66 10.81 2.32
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 17.49% 0.00% 0.14%

Quarterly Metrics And Ratios for Greenlight Capital Re

This table displays calculated financial ratios and metrics derived from Greenlight Capital Re's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 -6.92% 12.37% -9.16% 22.79% 11.26% 30.35% 55.42% 16.87% -10.17% -7.94%
EBITDA Growth		 -82.93% 35.88% -33.24% 45.83% -5.44% 143.95% 409.13% 819.75% 144.08% 273.56%
EBIT Growth		 -261.10% 166.25% -83.14% 363.52% -32.74% 212.12% 208.83% 203.45% 7.58% 13.04%
NOPAT Growth		 -212.70% 161.46% -84.00% 358.96% -49.34% 199.83% 237.17% 246.44% 42.98% -39.21%
Net Income Growth		 -255.73% 161.46% -84.00% 358.96% -49.34% 172.97% 237.17% 202.79% 42.98% -33.32%
EPS Growth		 -225.81% 158.97% -82.58% 358.82% -43.12% 169.64% 256.76% 200.00% 51.39% -33.33%
Operating Cash Flow Growth		 33.41% 371.79% 1,144.33% 1,526.53% 605.99% -13.32% 176.17% 89.16% 88.34% -1,369.89%
Free Cash Flow Firm Growth		 30.86% 47.94% -685.92% -6,124.91% -374.48% -185.70% 261.69% 134.31% 120.88% 24.44%
Invested Capital Growth		 4.07% 11.56% 11.43% 21.75% 14.69% 16.12% 6.67% 0.75% 1.73% 2.45%
Revenue Q/Q Growth		 -24.24% 8.28% -9.39% 26.68% -8.54% -12.47% 22.48% 13.47% 7.15% 4.37%
EBITDA Q/Q Growth		 -87.58% 39.50% -14.87% 19.15% -1.11% -31.46% 85.97% -24.98% 155.13% 43.04%
EBIT Q/Q Growth		 -178.83% 327.43% -69.45% 73.63% 30.28% -72.93% 739.72% -77.29% 317.18% -174.57%
NOPAT Q/Q Growth		 -156.31% 341.68% -70.47% 53.46% 30.64% -72.97% 746.95% -83.06% 357.42% -191.29%
Net Income Q/Q Growth		 -177.81% 341.68% -70.47% 53.46% 30.64% -72.97% 746.95% -83.06% 288.15% -224.89%
EPS Q/Q Growth		 -177.23% 339.13% -70.51% 25.81% 58.97% -70.45% 676.47% -84.40% 294.64% -251.35%
Operating Cash Flow Q/Q Growth		 -28.49% 81.87% 26.44% -18.87% 245.68% -932.66% 244.96% 71.22% 67.38% -459.68%
Free Cash Flow Firm Q/Q Growth		 -17.68% 36.87% 34.97% -43.11% 11.39% -810.50% 568.67% -93.48% 192.23% -302.11%
Invested Capital Q/Q Growth		 -4.05% 4.37% -0.19% 4.12% 2.86% 4.24% 9.05% -1.92% 4.15% -4.24%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 7.26% 44.24% 34.34% 36.55% 39.56% 36.59% 46.73% 30.77% 46.55% 19.55%
EBIT Margin		 -20.16% 19.37% 4.91% 14.56% 11.65% 8.18% 26.44% 3.86% 19.27% -9.51%
Profit (Net Income) Margin		 -19.50% 18.98% 4.65% 14.28% 11.65% 8.16% 26.42% 3.82% 25.59% -14.57%
Tax Burden Percent		 96.73% 97.99% 94.83% 98.12% 100.06% 99.79% 99.94% 99.09% 99.98% 95.77%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 132.86% 160.09%
Effective Tax Rate		 0.00% 2.01% 5.17% 1.88% -0.06% 0.21% 0.06% 0.91% 0.02% 0.00%
Return on Invested Capital (ROIC)		 -14.19% 19.23% 4.77% 15.62% 12.26% 8.67% 26.45% 3.60% 22.81% -10.22%
ROIC Less NNEP Spread (ROIC-NNEP)		 -25.49% 19.23% 4.77% 15.62% 12.26% 8.67% 26.45% 3.60% 22.81% -15.45%
Return on Net Nonoperating Assets (RNNOA)		 -2.77% 2.13% 0.50% 1.86% 1.72% 1.40% 4.15% 0.60% 4.16% -3.20%
Return on Equity (ROE)		 -16.96% 21.36% 5.27% 17.48% 13.97% 10.07% 30.60% 4.20% 26.97% -13.42%
Cash Return on Invested Capital (CROIC)		 2.28% 1.83% -0.80% -2.61% 0.18% 2.25% 5.45% 5.73% 2.66% 0.27%
Operating Return on Assets (OROA)		 -7.38% 7.22% 1.84% 5.74% 4.63% 3.23% 9.97% 1.33% 6.61% -3.44%
Return on Assets (ROA)		 -7.14% 7.08% 1.74% 5.63% 4.63% 3.22% 9.97% 1.32% 8.78% -5.27%
Return on Common Equity (ROCE)		 -16.96% 21.36% 5.27% 17.48% 13.97% 10.07% 30.60% 4.20% 26.97% -13.42%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 13.24% 10.42% 17.29% 0.00% 18.06% 12.84% 7.25% 0.00% 3.19%
Net Operating Profit after Tax (NOPAT)		 -20 35 7.98 27 18 13 50 5.89 35 -13
NOPAT Margin		 -14.11% 18.98% 4.65% 14.28% 11.65% 8.16% 26.42% 3.82% 25.59% -10.65%
Net Nonoperating Expense Percent (NNEP)		 11.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 5.23%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 120.16% 80.63% 95.09% 85.44% 88.35% 91.82% 73.56% 96.14% 80.73% 109.51%
Earnings before Interest and Taxes (EBIT)		 -28 36 8.41 28 18 14 50 5.94 26 -12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10 82 59 69 60 60 88 47 63 25
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.77 0.73 0.73 0.71 0.68 0.66 0.66 0.64 0.56 0.55
Price to Tangible Book Value (P/TBV)		 0.77 0.73 0.73 0.71 0.68 0.66 0.66 0.64 0.56 0.55
Price to Revenue (P/Rev)		 0.71 0.69 0.68 0.64 0.61 0.59 0.61 0.61 0.55 0.49
Price to Earnings (P/E)		 11.39 5.49 7.00 4.08 4.65 3.64 5.16 8.85 11.20 17.34
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 8.78% 18.22% 14.28% 24.48% 21.52% 27.45% 19.39% 11.30% 8.93% 5.77%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.10 0.09 0.10 0.12 0.12 0.13 0.11 0.12 0.16 0.20
Long-Term Debt to Equity		 0.10 0.09 0.10 0.12 0.12 0.13 0.11 0.12 0.16 0.20
Financial Leverage		 0.11 0.11 0.10 0.12 0.14 0.16 0.16 0.17 0.18 0.21
Leverage Ratio		 3.05 3.02 3.03 3.10 3.02 3.13 3.07 3.18 3.07 3.20
Compound Leverage Factor		 3.05 3.02 3.03 3.10 3.02 3.13 3.07 3.18 4.08 5.13
Debt to Total Capital		 8.72% 8.62% 8.85% 10.40% 10.95% 11.51% 10.11% 10.90% 13.80% 16.67%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 8.72% 8.62% 8.85% 10.40% 10.95% 11.51% 10.11% 10.90% 13.80% 16.67%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 91.28% 91.38% 91.15% 89.60% 89.05% 88.49% 89.89% 89.10% 86.20% 83.33%
Debt to EBITDA		 0.28 0.23 0.25 0.26 0.29 0.29 0.28 0.33 0.48 0.56
Net Debt to EBITDA		 -2.67 -2.07 -2.23 -2.06 -2.28 -2.27 -2.77 -3.21 -3.73 -3.51
Long-Term Debt to EBITDA		 0.28 0.23 0.25 0.26 0.29 0.29 0.28 0.33 0.48 0.56
Debt to NOPAT		 1.42 0.71 0.93 0.67 0.84 0.72 0.88 1.69 3.18 6.27
Net Debt to NOPAT		 -13.74 -6.37 -8.36 -5.28 -6.71 -5.67 -8.61 -16.34 -24.70 -39.46
Long-Term Debt to NOPAT		 1.42 0.71 0.93 0.67 0.84 0.72 0.88 1.69 3.18 6.27
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -47 -40 -63 -97 -68 -77 11 1.62 25 -27
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -38.70 -16.71 -18.40 -45.87 -15.45 -44.30 11.05 1.78 21.88 -3.72
Operating Cash Flow to Interest Expense		 24.27 17.24 6.59 8.45 5.02 -8.76 1.86 -1.39 -3.86 -1.85
Operating Cash Flow Less CapEx to Interest Expense		 24.27 17.24 6.59 8.45 5.02 -8.76 1.86 -1.39 -3.86 -1.85
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.37 0.37 0.37 0.39 0.40 0.39 0.38 0.35 0.34 0.36
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 697 726 696 697 669 651 624 572 584 560
Invested Capital Turnover		 1.01 1.01 1.03 1.09 1.05 1.06 1.00 0.94 0.89 0.96
Increase / (Decrease) in Invested Capital		 27 75 71 125 86 90 39 4.27 9.93 13
Enterprise Value (EV)		 -101 -77 -90 -129 -179 -210 -249 -277 -342 -329
Market Capitalization		 488 482 463 441 404 379 371 327 284 258
Book Value per Share		 $18.26 $18.78 $17.95 $17.66 $16.87 $16.33 $15.91 $14.64 $14.45 $13.45
Tangible Book Value per Share		 $18.26 $18.78 $17.95 $17.66 $16.87 $16.33 $15.91 $14.64 $14.45 $13.45
Total Capital		 697 726 696 697 669 651 624 572 584 560
Total Debt		 61 63 62 72 73 75 63 62 81 93
Total Long-Term Debt		 61 63 62 72 73 75 63 62 81 93
Net Debt		 -588 -559 -553 -570 -582 -589 -620 -604 -626 -588
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 7.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.97
Net Nonoperating Obligations (NNO)		 61 63 62 72 73 75 63 62 81 93
Total Depreciation and Amortization (D&A)		 39 46 50 42 42 47 38 41 37 37
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.79) $1.03 $0.23 $0.79 $0.52 $0.40 $1.46 $0.17 $1.04 ($0.56)
Adjusted Weighted Average Basic Shares Outstanding		 34.10M 34.12M 34.24M 34.27M 34.07M 34.07M 34.07M 34.06M 33.91M 33.13M
Adjusted Diluted Earnings per Share		 ($0.78) $1.01 $0.23 $0.78 $0.62 $0.39 $1.32 $0.17 $1.09 ($0.56)
Adjusted Weighted Average Diluted Shares Outstanding		 34.65M 34.81M 34.70M 34.65M 34.80M 34.80M 38.27M 38.23M 39.77M 33.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.56M 34.83M 35.32M 35.32M 35.36M 35.34M 35.27M 35.26M 34.84M 34.82M
Normalized Net Operating Profit after Tax (NOPAT)		 -20 35 7.98 27 12 13 50 5.89 35 -13
Normalized NOPAT Margin		 -14.11% 18.98% 4.65% 14.28% 8.15% 8.16% 26.42% 3.82% 25.59% -10.65%
Pre Tax Income Margin		 -20.16% 19.37% 4.91% 14.56% 11.65% 8.18% 26.44% 3.86% 25.60% -15.22%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 -23.29 15.01 2.44 12.96 3.99 7.78 50.96 6.54 23.07 -1.66
NOPAT to Interest Expense		 -16.30 14.71 2.32 12.71 3.99 7.77 50.93 6.48 30.64 -1.86
EBIT Less CapEx to Interest Expense		 -23.29 15.01 2.44 12.96 3.99 7.78 50.96 6.54 23.07 -1.66
NOPAT Less CapEx to Interest Expense		 -16.30 14.71 2.32 12.71 3.99 7.77 50.93 6.48 30.64 -1.86
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 17.49% 8.52% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.14% 0.24%

Frequently Asked Questions About Greenlight Capital Re's Financials

When does Greenlight Capital Re's fiscal year end?

According to the most recent income statement we have on file, Greenlight Capital Re's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Greenlight Capital Re's net income changed over the last 2 years?

Greenlight Capital Re's net income appears to be on an upward trend, with a most recent value of $42.82 million in 2024, rising from $25.34 million in 2022. The previous period was $86.83 million in 2023.

How has Greenlight Capital Re revenue changed over the last 2 years?

Over the last 2 years, Greenlight Capital Re's total revenue changed from $515.77 million in 2022 to $686.84 million in 2024, a change of 33.2%.

How much debt does Greenlight Capital Re have?

Greenlight Capital Re's total liabilities were at $1.38 billion at the end of 2024, a 21.2% increase from 2023, and a 28.1% increase since 2022.

How much cash does Greenlight Capital Re have?

In the past 2 years, Greenlight Capital Re's cash and equivalents has ranged from $38.24 million in 2022 to $64.69 million in 2024, and is currently $64.69 million as of their latest financial filing in 2024.

How has Greenlight Capital Re's book value per share changed over the last 2 years?

Over the last 2 years, Greenlight Capital Re's book value per share changed from 14.45 in 2022 to 18.26 in 2024, a change of 26.4%.


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This page (NASDAQ:GLRE) was last updated on 5/24/2025 by MarketBeat.com Staff
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