What is Greenlight Capital RE, Ltd.'s casualty — year 2?

Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 2 of 34% in Q4 2025.

What does casualty — year 2 mean?

This metric tracks the cumulative development of casualty claims as they reach their second year of maturity. It provides a key data point for assessing the stability of loss reserves as more claims are reported and settled. Consistent performance at this stage is essential for maintaining predictable underwriting margins.

Greenlight Capital RE, Ltd. (GLRE) Casualty — Year 2

Screener

Other product segments

Health

83%+0.2%

Multiline

73%-1.9%

Financial

51.6%-23.2%

Specialty

45%-31.0%

Property

33.5%+0.9%

Similar metrics at other companies

SPNTCasualty — Year 2

25.9%-2.6pp

AFGProperty and casualty insurance — Year 2

31.6%+0.3pp

CNASurety — Year 2

36.2%-4.8pp

UFCSPersonal — Year 2

35.2%+2.2pp

HGTYAuto — Year 2

24.3%-0.8pp

KMPRHomeowners — Year 2

93%+0.6pp

Other financials

Income statement

See full

Revenue$189.7M-11.1%

Net income$35.8M+20.7%

EPS (diluted)$1.05+22.1%

Balance sheet

See full

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

See full

Operating cash flow$37.2M+259%

Valuation

See full

Market cap$501.04M+12.7%

Enterprise value-$104.46M-32.9%

P/E6.2×—

P/S0.7×+0.1×

Profitability

See full

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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 2?: Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 2 of 34% in Q4 2025.
What does casualty — year 2 mean?: This metric tracks the cumulative development of casualty claims as they reach their second year of maturity. It provides a key data point for assessing the stability of loss reserves as more claims are reported and settled. Consistent performance at this stage is essential for maintaining predictable underwriting margins.