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Greenlight Capital RE, Ltd. GLRE Open Market — Deposit interest expense, net

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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 glre:InterestIncomeExpenseDepositsNet.

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 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:
Net investment income (loss)5,1351,0945026,731
Corporate and other expenses(722)(5,020)(5,742)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Greenlight Capital RE, Ltd.'s open market — deposit interest expense, net?
Greenlight Capital RE, Ltd. (GLRE) reported open market — deposit interest expense, net of -$32K in Q1 2026.
How has Greenlight Capital RE, Ltd.'s open market — deposit interest expense, net changed year-over-year?
Greenlight Capital RE, Ltd.'s open market — deposit interest expense, net increased by 78.5% year-over-year, from -$149K to -$32K.
What is the long-term trend for Greenlight Capital RE, Ltd.'s open market — deposit interest expense, net?
Over 2 years (2022 to 2025), Greenlight Capital RE, Ltd.'s open market — deposit interest expense, net has grown at a -75.0% compound annual growth rate (CAGR), from $6.72M to $421K.
What does open market — deposit interest expense, net mean?
The net interest expense associated with deposit-based reinsurance contracts where the company holds funds on behalf of the cedent. This reflects the cost of capital associated with specific financing-oriented reinsurance structures.

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