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

Greenlight Capital RE, Ltd. (GLRE) reported financial — year 2 of 51.6% in Q4 2025.

What does financial — year 2 mean?

This metric captures the claims development or liability exposure associated with the second year of the underwriting cycle. It serves as a benchmark for how loss estimates evolve as more data becomes available following the initial policy year. Tracking this allows for the assessment of reserve stability and the reliability of the company's underwriting performance over time.

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

Screener

Other product segments

Health

83%+0.2%

Multiline

73%-1.9%

Specialty

45%-31.0%

Casualty

34%+0.6%

Property

33.5%+0.9%

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KMPRHomeowners — Year 2

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KGInternational — Year 2

6.9%—

ORIFinancialIndemnityMember — Year 2

15.1%-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

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 financial — year 2?: Greenlight Capital RE, Ltd. (GLRE) reported financial — year 2 of 51.6% in Q4 2025.
What does financial — year 2 mean?: This metric captures the claims development or liability exposure associated with the second year of the underwriting cycle. It serves as a benchmark for how loss estimates evolve as more data becomes available following the initial policy year. Tracking this allows for the assessment of reserve stability and the reliability of the company's underwriting performance over time.