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

Greenlight Capital RE, Ltd. (GLRE) reported financial — year 3 of 46.4% in Q4 2025.

What does financial — year 3 mean?

This metric tracks the claims development or liability exposure related to the third year of the underwriting cycle. It provides a mid-term view of how loss reserves are maturing and whether initial estimates were conservative or aggressive. This is a key indicator for evaluating the long-term profitability of specific underwriting cohorts.

Greenlight Capital RE, Ltd. GLRE Financial — Year 3

Other product segments

Specialty

43%+6.4%

Casualty

29.8%+2.8%

Multiline

23%+17.3%

Property

8.8%+3.5%

Health

2.4%-7.7%

Similar metrics at other companies

AXSInsurance — Year 3

15.3%—

UFCSPersonal — Year 3

13.8%+7.6pp

AIGU.S. Financial Lines — Year 3 (as a percent)

15.7%-0.3pp

ACGLThird party claims-made business — Year Three

16.3%0.0pp

ACGLMulti-line and other specialty — Year Three

11%0.0pp

CNAOther Professional Liability and Management Liability — Year 3

19.8%+0.6pp

Other financials

Income statement

See full

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

See full

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: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 financial — year 3?: Greenlight Capital RE, Ltd. (GLRE) reported financial — year 3 of 46.4% in Q4 2025.
What does financial — year 3 mean?: This metric tracks the claims development or liability exposure related to the third year of the underwriting cycle. It provides a mid-term view of how loss reserves are maturing and whether initial estimates were conservative or aggressive. This is a key indicator for evaluating the long-term profitability of specific underwriting cohorts.