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

Greenlight Capital RE, Ltd. (GLRE) reported health — year 2 of 83% in Q4 2025.

What does health — year 2 mean?

Represents the cumulative claims development or loss experience for the health segment during the second year following the inception of the policy year. This metric tracks the maturation of claims and the stability of loss reserves as more data becomes available. It is essential for assessing the consistency of the company's reserving methodology over time.

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

Screener

Other product segments

Multiline

73%-1.9%

Financial

51.6%-23.2%

Specialty

45%-31.0%

Casualty

34%+0.6%

Property

33.5%+0.9%

Similar metrics at other companies

CNASurety — Year 2

36.2%-4.8pp

UFCSPersonal — Year 2

35.2%+2.2pp

HGTYAuto — Year 2

24.3%-0.8pp

KMPRHomeowners — Year 2

93%+0.6pp

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 health — year 2?: Greenlight Capital RE, Ltd. (GLRE) reported health — year 2 of 83% in Q4 2025.
What does health — year 2 mean?: Represents the cumulative claims development or loss experience for the health segment during the second year following the inception of the policy year. This metric tracks the maturation of claims and the stability of loss reserves as more data becomes available. It is essential for assessing the consistency of the company's reserving methodology over time.