What does innovations — deferred acquisition costs mean?

Captures the capitalized costs associated with acquiring new insurance business that are amortized over the life of the policies. It serves as an indicator of the segment's growth investment and future expense recognition patterns.

Greenlight Capital RE, Ltd. (GLRE) Innovations — Deferred acquisition costs

Screener

Other segment segments

Open Market

$86.88M+21.6%

Similar metrics at other companies

TRVPersonal Insurance — Deferred acquisition costs

$1.23B-5.3%

TRVBond And Specialty Insurance — Deferred acquisition costs

$542M+8.0%

TRVBusiness And International Insurance — Deferred acquisition costs

$1.75B+3.1%

ACGLInsurance — Deferred Acquisition Costs

$788M+13.2%

ACGLMortgage — Deferred Acquisition Costs

$57M0.0%

WTMArk — Deferred Acquisition Costs

$211.1M+27.8%

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$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:SupplementaryInsuranceInformationDeferredPolicyAcquisitionCosts.

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

Line item	December 31, 2025 / Deferredacquisitioncosts	December 31, 2025 / Reservesfor lossesand LAE	December 31, 2025 / Unearnedpremiums	Year ended December 31, 2025 / Netpremiumsearned	Year ended December 31, 2025 / Totalinvestment relatedincome (loss)	Year ended December 31, 2025 / Net losses,and LAE	Year ended December 31, 2025 / Acquisitioncosts	Year ended December 31, 2025 / Underwritingexpenses (2)	Year ended December 31, 2025 / Netpremiumswritten	Year ended December 31, 2025 / Deposit interest expense, net
Open Market	$86,884	$870,139	$313,915	$576,032	$32,036	$358,396	$158,465	$21,114	$601,690	$421
Innovations	13,070	94,936	47,789	85,626	(10,064)	51,472	26,818	7,513	90,233	—
Corporate (1)	—	2,885	—	(514)	2,485	1,724	(430)	—	(514)	—
	$99,954	$967,960	$361,704	$661,144	$24,457	$411,592	$184,853	$28,627	$691,409	$421

Item 15. Exhibit Index

FAQ

What is Greenlight Capital RE, Ltd.'s innovations — deferred acquisition costs?: Greenlight Capital RE, Ltd. (GLRE) reported innovations — deferred acquisition costs of $13.07M in Q4 2025.
What does innovations — deferred acquisition costs mean?: Captures the capitalized costs associated with acquiring new insurance business that are amortized over the life of the policies. It serves as an indicator of the segment's growth investment and future expense recognition patterns.