What is Greenlight Capital RE, Ltd.'s casualty — year 1?

Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 1 of 23.2% in Q4 2025.

What does casualty — year 1 mean?

This metric represents the development of casualty claims during the first year following the inception of the policy period. It is used to evaluate the initial loss emergence patterns and the accuracy of early-stage actuarial assumptions. Rapid loss emergence in the first year may signal higher-than-expected volatility in the casualty portfolio.

Greenlight Capital RE, Ltd. (GLRE) Casualty — Year 1

Screener

Other product segments

Health

114.6%0.0%

Multiline

90.2%-4.4%

Property

48.1%-2.4%

Financial

28%-31.0%

Specialty

26.6%-30.0%

Similar metrics at other companies

SPNTCasualty — Year 1

17.8%-0.4pp

AFGProperty and casualty insurance — Year 1

52%-0.2pp

CNASurety — Year 1

15.2%-2.1pp

UFCSPersonal — Year 1

51.3%-3.8pp

HGTYAuto — Year 1

62%+0.7pp

KMPRHomeowners — Year 1

67.5%+0.5pp

Other financials

Income statement

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Revenue$189.7M-11.1%

Net income$35.8M+20.7%

EPS (diluted)$1.05+22.1%

Balance sheet

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Cash & equivalents$610.2M-5.1%

Total debt$4.7M-92.1%

Total equity$741.2M+11.2%

Total assets$2.3B+5.4%

Cash flow

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Operating cash flow$37.2M+259%

Valuation

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Market cap$501.04M+12.7%

Enterprise value-$104.46M-32.9%

P/E6.2×—

P/S0.7×+0.1×

Profitability

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Net margin11.5%—

FCF margin-46.7%—

Returns & leverage

See full

Return on equity11.5%—

Debt / equity0×-0.1×

Where this comes from

Reported directly by Greenlight Capital RE, Ltd. in its filing.

Tagged under the XBRL concept us-gaap:ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne.

The source filing: Greenlight Capital RE, Ltd.’s 10-K, filed March 9, 2026.

Filed: Mar 9, 2026, 4:40 PM EDT
Fiscal year: FY2025
Accession: 0001385613-26-000010

Year 1	Year 2	Year 3	Year 4	Year 5	Year 6	Year 7	Year 8	Year 9	Year 10
11.6%	17.0%	14.9%	11.9%	11.1%	12.3%	7.0%	4.4%	3.7%	6.1%

Item 15. Exhibit Index

FAQ

What is Greenlight Capital RE, Ltd.'s casualty — year 1?: Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 1 of 23.2% in Q4 2025.
What does casualty — year 1 mean?: This metric represents the development of casualty claims during the first year following the inception of the policy period. It is used to evaluate the initial loss emergence patterns and the accuracy of early-stage actuarial assumptions. Rapid loss emergence in the first year may signal higher-than-expected volatility in the casualty portfolio.