GREENLIGHT CAPITAL RE, LTD. GLRE
Unless otherwise indicated or unless the context otherwise requires, all references in this Form 10-K to "the Company," "we," "us," "our," and similar expressions are references to Greenlight Capital Re, Ltd. and its consolidated subsidiaries. Unless otherwise indicated or unless the context otherwise requires, all references in this Annual Report to entity names are as set forth in the following table:
Greenlight Capital Re or GLRE Greenlight Capital Re, Ltd.
Greenlight Re Greenlight Reinsurance, Ltd.
Verdant Verdant Holding Company, Ltd.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $729.8M | $696.0M | $667.1M | $526.7M | $588.6M | $484.1M | $538.2M | $183.0M | $645.7M | $588.4M |
| SG&A | — | — | $43.2M | $31.6M | $29.4M | $26.4M | $29.8M | $25.2M | $26.4M | $25.8M |
| Interest expense | — | — | — | $6.7M | $11.7M | $1.7M | $2.8M | $2.5M | $0 | — |
| Pre-tax income | $78.3M | $43.6M | $86.9M | $26.2M | $21.3M | $4.3M | -$3.5M | -$354.0M | -$44.8M | $47.2M |
| Income tax | $3.5M | $749.0K | $100.0K | $816.0K | $3.7M | $424.0K | $483.0K | $332.0K | $451.0K | $509.0K |
| Net income | $74.8M | $42.8M | $86.8M | $25.3M | $17.6M | $3.9M | -$4.0M | -$350.1M | -$45.0M | $44.9M |
| EPS, basic | 2.21 | 1.26 | 2.55 | 0.75 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 |
| EPS, diluted | 2.17 | 1.24 | 2.50 | 0.73 | 0.51 | 0.11 | -0.11 | -9.74 | -1.21 | 1.20 |
| Shares, diluted (wtd. avg.) | 34.5M | 34.7M | 34.8M | 39.8M | 34.4M | 36.3M | 36.1M | 36.0M | 37.0M | 37.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $111.8M | $64.7M | $655.7M | $706.5M | $711.1M | $754.3M | $767.9M | $703.2M | $1.53B | $1.24B |
| Property, plant and equipment | — | — | — | — | — | — | — | — | — | $698.0K |
| Total assets | $2.17B | $2.02B | $1.74B | $1.58B | $1.43B | $1.36B | $1.36B | $1.44B | $3.36B | $2.66B |
| Long-term debt | $4.7M | $60.7M | $73.3M | $80.5M | — | — | — | — | — | — |
| Total liabilities | $1.46B | $1.38B | $1.14B | $1.08B | $951.8M | $892.8M | $878.0M | $956.0M | $2.51B | $1.77B |
| Retained earnings | $225.7M | $150.8M | $108.0M | $21.2M | -$9.5M | -$27.1M | -$30.1M | -$26.1M | $324.3M | $370.2M |
| Total equity | $708.0M | $635.9M | $596.1M | $503.1M | $475.7M | $464.9M | $477.2M | $477.8M | $844.3M | $885.8M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $210.2M | $111.5M | $7.5M | -$31.8M | -$56.3M | -$91.3M | $1.6M | -$59.3M | $94.4M | -$35.8M |
| Stock-based compensation | $7.1M | $4.5M | $6.1M | $4.7M | $3.2M | $2.5M | $3.9M | $4.6M | $4.9M | $4.0M |
| Investing cash flow | -$149.2M | -$96.6M | -$53.1M | $47.0M | $23.1M | $95.6M | $63.3M | -$845.3M | $201.7M | -$67.4M |
| Financing cash flow | -$65.1M | -$21.2M | -$5.3M | -$19.8M | -$10.0M | -$17.8M | $0 | $80.1M | -$2.8M | $0 |
| Buybacks | $9.8M | $7.5M | $0 | $35.0K | $10.0M | $17.8M | $0 | $16.5M | $2.8M | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001385613-26-000057.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $588.4M | $645.7M | $183.0M | $538.2M | $484.1M | $588.6M | $526.7M | $667.1M | $696.0M | $729.8M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $44.9M | -$45.0M | -$350.1M | -$4.0M | $3.9M | $17.6M | $25.3M | $86.8M | $42.8M | $74.8M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed Item 1.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Officer or director change Item 5.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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