What is Greenlight Capital RE, Ltd.'s health — year 1?

Greenlight Capital RE, Ltd. (GLRE) reported health — year 1 of 114.6% in Q4 2025.

What does health — year 1 mean?

Represents the cumulative claims development or loss experience for the health segment during the first year following the inception of the policy year. This is a key indicator of short-tail claim frequency and the immediate accuracy of initial pricing models. It helps investors gauge the early-stage profitability of recent health underwriting.

Greenlight Capital RE, Ltd. (GLRE) Health — Year 1

Screener

Other product segments

Multiline

90.2%-4.4%

Property

48.1%-2.4%

Financial

28%-31.0%

Specialty

26.6%-30.0%

Casualty

23.2%-1.7%

Similar metrics at other companies

CNASurety — Year 1

15.2%-2.1pp

UFCSPersonal — Year 1

51.3%-3.8pp

HGTYAuto — Year 1

62%+0.7pp

KMPRHomeowners — Year 1

67.5%+0.5pp

KGInternational — Year 1

41.8%—

ORIFinancialIndemnityMember — Year 1

20%-0.5pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne.

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 health — year 1?: Greenlight Capital RE, Ltd. (GLRE) reported health — year 1 of 114.6% in Q4 2025.
What does health — year 1 mean?: Represents the cumulative claims development or loss experience for the health segment during the first year following the inception of the policy year. This is a key indicator of short-tail claim frequency and the immediate accuracy of initial pricing models. It helps investors gauge the early-stage profitability of recent health underwriting.