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

Screener

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

AFGProperty and casualty insurance — Year 3

15.2%-0.2pp

CNASurety — Year 3

12.9%-3.5pp

UFCSPersonal — Year 3

13.8%+7.6pp

HGTYAuto — Year 3

6.5%+0.3pp

KMPRHomeowners — Year 3

97.1%+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

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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 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 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.