Greenlight Reinsurance, Ltd.GG

Greenlight Reinsurance, Ltd.

13.69USDR
−0.01−0.07%
At close at Mar 27, 20:24 GMT
USD
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GLRE fundamentals

Key facts

Market capitalization‪473.18 M‬USD
Founded2004
CEOGreg Richardson
About

Greenlight Capital Re Ltd. operates as a specialist property and casualty reinsurance company. It specializes in underwriting traditional property and casualty reinsurance, risk innovation, and strategic partnerships. The company was founded on July 13, 2004 and is headquartered in Camana Bay, Cayman Islands.

Ownership
‪‪34.56 M‬‬
Free Float shares
‪‪26.19 M‬‬ (75.77%)
Closely held shares
‪‪8.37 M‬‬ (24.23%)
Free Float shares
‪‪26.19 M‬‬ (75.77%)
Closely held shares
‪‪8.37 M‬‬ (24.23%)
Capital structure
Market cap
‪‪473.18 M‬‬
Debt
‪‪60.83 M‬‬
Enterprise value
‪‪534.02 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪473.18 M‬‬
Price to earning ratio (P/E)
11.10x
Price to sales ratio (P/S)
0.70x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
11.10x
Price to sales ratio (P/S)
0.70x
Valuation ratios
‪0.00‬
‪0.20‬
‪0.40‬
‪0.60‬
‪0.80‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪2.00‬
‪4.00‬
‪6.00‬
‪8.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪−22%‬
‪−11%‬
‪0%‬
‪11%‬
‪22%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪‪−60.00 M‬‬
‪0.00‬
‪‪60.00 M‬‬
‪‪120.00 M‬‬
‪‪180.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
Total operating expenses
Op income
Non-operating income
Pretax income
Taxes & Other
Net income
‪‪−60.00 M‬‬
‪0.00‬
‪‪60.00 M‬‬
‪‪120.00 M‬‬
‪‪180.00 M‬‬
Revenue
Total operating expenses
Op income
Expenses & adjustments
Net income
‪‪−60.00 M‬‬
‪0.00‬
‪‪60.00 M‬‬
‪‪120.00 M‬‬
‪‪180.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Open Market
Innovation
Corporate
By country
Period: 2024
Cayman Islands
United Kingdom
Ireland

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪0.00‬
‪‪60.00 M‬‬
‪‪120.00 M‬‬
‪‪180.00 M‬‬
‪‪240.00 M‬‬
Actual
Earnings
Next:May 13, 2025
Q1 '24
Q2 '24
Q3 '24
Q4 '24
Q1 '25
‪−1.10‬
‪−0.55‬
‪0.00‬
‪0.55‬
‪1.10‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

GLRE does not pay dividends
The company has not previously paid dividends and at the moment there is no information about whether it is going to pay them in the future

Financial health

Financial position and solvency of the company

Insurance reserves, claims and premiums
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪‪200.00 M‬‬
‪‪400.00 M‬‬
‪‪600.00 M‬‬
‪‪800.00 M‬‬
Insurance reserves
Policy claims
Premium earned
Capital allocation analysis
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪13.00‬
‪26.00‬
‪39.00‬
‪52.00‬
Reserve to total capital
Unearned premium to total capital