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

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 Other — Year 2

72.1%+2.7pp

SPNTProperty Catastrophe — Year 2

40.8%-7.0pp

ACGLProperty excluding property catastrophe — Year Two

37%+0.8pp

ACGLProperty, energy, marine and aviation — Year Two

41.4%-2.4pp

ESN

ESNTProperty Insurance Product Line — Year 2

45%+3.0pp

HIGProperty Insurance — 2nd Year

58.1%0.0pp

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

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 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 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.