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

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

ACGLCasualty — Year Two

8.2%-0.1pp

EGCasualty Insurance — Year two

20.8%—

KNSLCasualty - claims made — Historical Claims Duration, Year Two

21%-1.4pp

KNSLCasualty - occurrence — Historical Claims Duration, Year Two

6.7%0.0pp

SPNTCasualty — Year 1

17.8%-0.4pp

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$533.32M+7.2%

Enterprise value-$72.18M-15.4%

P/E6.6×—

P/S0.8×+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 official record: Greenlight Capital RE, Ltd.’s 10-K, filed March 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.