What is Greenlight Capital RE, Ltd.'s property — year 1?

Greenlight Capital RE, Ltd. (GLRE) reported property — year 1 of 48.1% in Q4 2025.

What does property — year 1 mean?

Represents the property claims development or loss experience specifically for the first year following the inception of the underwriting period. This metric is used to track the early-stage performance and loss emergence patterns of property reinsurance contracts. It provides an early signal regarding the profitability of the most recent underwriting year.

Greenlight Capital RE, Ltd. (GLRE) Property — Year 1

Screener

Other product segments

Health

114.6%0.0%

Multiline

90.2%-4.4%

Financial

28%-31.0%

Specialty

26.6%-30.0%

Casualty

23.2%-1.7%

Similar metrics at other companies

SPNTProperty Catastrophe — Year 1

25.2%+14.8pp

SPNTProperty Other — Year 1

39.1%+3.6pp

ESN

ESNTProperty Insurance Product Line — Year 1

9%-1.0pp

CNASurety — Year 1

15.2%-2.1pp

UFCSPersonal — Year 1

51.3%-3.8pp

HGTYAuto — Year 1

62%+0.7pp

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

See full

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

See full

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearOne.

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
48.1%	33.5%	8.8%	3.8%	3.0%	1.5%	0.9%	0.2%	0.1%	0.1%

Item 15. Exhibit Index

FAQ

What is Greenlight Capital RE, Ltd.'s property — year 1?: Greenlight Capital RE, Ltd. (GLRE) reported property — year 1 of 48.1% in Q4 2025.
What does property — year 1 mean?: Represents the property claims development or loss experience specifically for the first year following the inception of the underwriting period. This metric is used to track the early-stage performance and loss emergence patterns of property reinsurance contracts. It provides an early signal regarding the profitability of the most recent underwriting year.