What is Greenlight Capital RE, Ltd.'s casualty — year 3?

Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 3 of 29.8% in Q4 2025.

What does casualty — year 3 mean?

This metric measures the development of casualty claims at the three-year maturity mark, providing insight into the mid-term loss experience. It helps investors understand how the company's reserve estimates evolve as claims move from the initial reporting phase toward final settlement. This stage is critical for identifying potential reserve redundancies or deficiencies.

Greenlight Capital RE, Ltd. GLRE Casualty — Year 3

Other product segments

Financial

46.4%-8.7%

Specialty

43%+6.4%

Multiline

23%+17.3%

Property

8.8%+3.5%

Health

2.4%-7.7%

Similar metrics at other companies

SPNTCasualty — Year 3

23.4%+1.3pp

ACGLCasualty — Year Three

11.8%-0.1pp

EGCasualty Insurance — Year three

25.9%—

KNSLCasualty - occurrence — Historical Claims Duration, Year Three

11.7%-0.9pp

KNSLCasualty - claims made — Historical Claims Duration, Year Three

21.5%-0.4pp

SPNTCasualty — Year 2

25.9%-2.6pp

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

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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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 3?: Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 3 of 29.8% in Q4 2025.
What does casualty — year 3 mean?: This metric measures the development of casualty claims at the three-year maturity mark, providing insight into the mid-term loss experience. It helps investors understand how the company's reserve estimates evolve as claims move from the initial reporting phase toward final settlement. This stage is critical for identifying potential reserve redundancies or deficiencies.