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

Screener

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

NMIHFinancial Guarantee Insurance Product Line — Year 3

29%0.0pp

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

KGInternational — Year 3

2.7%—

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

See full

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

See full

Market cap$501.04M+12.7%

Enterprise value-$104.46M-32.9%

P/E6.2×—

P/S0.7×+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 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 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.