What is Greenlight Capital RE, Ltd.'s property — year 2?

Greenlight Capital RE, Ltd. (GLRE) reported property — year 2 of 33.5% in Q4 2025.

What does property — year 2 mean?

Represents the property claims development or loss experience for the second year following the inception of the underwriting period. This metric allows for the assessment of how loss estimates evolve as more data becomes available after the initial year. It is critical for evaluating the stability and predictability of property loss reserves.

Greenlight Capital RE, Ltd. (GLRE) Property — Year 2

Screener

Other product segments

Health

83%+0.2%

Multiline

73%-1.9%

Financial

51.6%-23.2%

Specialty

45%-31.0%

Casualty

34%+0.6%

Similar metrics at other companies

SPNTProperty Catastrophe — Year 2

40.8%-7.0pp

SPNTProperty Other — Year 2

72.1%+2.7pp

ESN

ESNTProperty Insurance Product Line — Year 2

45%+3.0pp

CNASurety — Year 2

36.2%-4.8pp

UFCSPersonal — Year 2

35.2%+2.2pp

HGTYAuto — Year 2

24.3%-0.8pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearTwo.

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 2?: Greenlight Capital RE, Ltd. (GLRE) reported property — year 2 of 33.5% in Q4 2025.
What does property — year 2 mean?: Represents the property claims development or loss experience for the second year following the inception of the underwriting period. This metric allows for the assessment of how loss estimates evolve as more data becomes available after the initial year. It is critical for evaluating the stability and predictability of property loss reserves.