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Greenlight Capital RE, Ltd. GLRE Open Market — Acquisition costs

Other segment segments

Innovations
$7.75M+28.5%

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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

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Return on equity11.5%
Debt / equity-0.1×

Where this comes from

Reported directly by Greenlight Capital RE, Ltd. in its filing.

Tagged under the XBRL concept us-gaap:DeferredPolicyAcquisitionCostAmortizationExpense.

The source filing: Greenlight Capital RE, Ltd.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:21 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001385613-26-000062
Three months ended March 31, 2026:Open MarketInnovationsCorporateTotal Consolidated
Net premiums written$151,295$32,181$(2)$183,474
Net premiums earned$128,981$25,166$(2)$154,145
Net loss and LAE incurred(75,230)(15,926)1(91,155)
Acquisition costs(41,212)(7,750)(48,962)
Other underwriting expenses(5,743)(2,062)(7,805)
Deposit interest expense, net(32)(32)
Underwriting income (loss)6,764(572)(1)6,191
Reconciliation to income before income taxes:

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Greenlight Capital RE, Ltd.'s open market — acquisition costs?
Greenlight Capital RE, Ltd. (GLRE) reported open market — acquisition costs of $41.21M in Q1 2026.
How has Greenlight Capital RE, Ltd.'s open market — acquisition costs changed year-over-year?
Greenlight Capital RE, Ltd.'s open market — acquisition costs increased by 0.8% year-over-year, from $40.88M to $41.21M.
What is the long-term trend for Greenlight Capital RE, Ltd.'s open market — acquisition costs?
Over 3 years (2022 to 2025), Greenlight Capital RE, Ltd.'s open market — acquisition costs has grown at a 8.1% compound annual growth rate (CAGR), from $125.3M to $158.47M.
What does open market — acquisition costs mean?
Costs directly related to the acquisition of new and renewal reinsurance business, such as commissions paid to brokers or agents. This metric helps evaluate the efficiency of the company's distribution and sales strategy.

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