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

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

ACGLProperty, energy, marine and aviation — Year One

23%+1.5pp

SPNTProperty Other — Year 1

39.1%+3.6pp

SPNTProperty Catastrophe — Year 1

25.2%+14.8pp

AFGProperty and casualty insurance — Year 1

52%-0.2pp

ACGLProperty excluding property catastrophe — Year One

20.9%-2.7pp

ESN

ESNTProperty Insurance Product Line — Year 1

9%-1.0pp

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

See full

Market cap$533.32M+7.2%

Enterprise value-$72.18M-15.4%

P/E6.6×—

P/S0.8×+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 official record: Greenlight Capital RE, Ltd.’s 10-K, filed March 9, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.