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Greenlight Capital RE, Ltd. GLRE Open Market — Underwriting expenses

Other segment segments

Innovations
$2.06M+32.1%

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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$533.32M+7.2%
Enterprise value-$72.18M-15.4%
P/E6.6×
P/S0.8×+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:OtherUnderwritingExpense.

The official record: Greenlight Capital RE, Ltd.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Greenlight Capital RE, Ltd.'s open market — underwriting expenses?
Greenlight Capital RE, Ltd. (GLRE) reported open market — underwriting expenses of $5.74M in Q1 2026.
How has Greenlight Capital RE, Ltd.'s open market — underwriting expenses changed year-over-year?
Greenlight Capital RE, Ltd.'s open market — underwriting expenses increased by 19.7% year-over-year, from $4.8M to $5.74M.
What is the long-term trend for Greenlight Capital RE, Ltd.'s open market — underwriting expenses?
Over 3 years (2022 to 2025), Greenlight Capital RE, Ltd.'s open market — underwriting expenses has grown at a 21.2% compound annual growth rate (CAGR), from $11.87M to $21.11M.
What does open market — underwriting expenses mean?
General and administrative expenses incurred in the process of underwriting and managing insurance policies, excluding acquisition costs and loss adjustment expenses. It reflects the operational overhead required to maintain the reinsurance business.