What is Greenlight Capital RE, Ltd.'s casualty — year 4?

Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 4 of 23.8% in Q4 2025.

What does casualty — year 4 mean?

This metric captures the development of casualty claims at the four-year maturity point, reflecting the long-tail nature of the business. It serves as a benchmark for the company's ability to accurately forecast claims costs over an extended period. Stability at this stage indicates robust underwriting discipline and effective claims management.

Greenlight Capital RE, Ltd. (GLRE) Casualty — Year 4

Screener

Other product segments

Specialty

40.2%+74.8%

Financial

36%+25.0%

Multiline

8.8%+22.2%

Property

3.8%+8.6%

Health

0%—

Similar metrics at other companies

SPNTCasualty — Year 4

28%-0.5pp

AFGProperty and casualty insurance — Year 4

12.3%-4.1pp

CNASurety — Year 4

8.4%+0.3pp

UFCSPersonal — Year 4

2.2%+0.1pp

HGTYAuto — Year 4

3.4%+0.2pp

KMPRHomeowners — Year 4

98.4%+0.1pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearFour.

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 4?: Greenlight Capital RE, Ltd. (GLRE) reported casualty — year 4 of 23.8% in Q4 2025.
What does casualty — year 4 mean?: This metric captures the development of casualty claims at the four-year maturity point, reflecting the long-tail nature of the business. It serves as a benchmark for the company's ability to accurately forecast claims costs over an extended period. Stability at this stage indicates robust underwriting discipline and effective claims management.