What is Greenlight Capital RE, Ltd.'s property — year 3?

Greenlight Capital RE, Ltd. (GLRE) reported property — year 3 of 8.8% in Q4 2025.

What does property — year 3 mean?

Represents the property claims development or loss experience for the third year following the inception of the underwriting period. By this stage, a significant portion of claims are typically reported, allowing for a more mature view of underwriting performance. It helps investors gauge the long-term accuracy of initial loss projections for property business.

Greenlight Capital RE, Ltd. GLRE Property — Year 3

Other product segments

Financial

46.4%-8.7%

Specialty

43%+6.4%

Casualty

29.8%+2.8%

Multiline

23%+17.3%

Health

2.4%-7.7%

Similar metrics at other companies

SPNTProperty Other — Year 3

41.4%+12.0pp

ACGLProperty excluding property catastrophe — Year Three

14.5%-0.2pp

ACGLProperty, energy, marine and aviation — Year Three

18.2%+1.0pp

EGProperty Insurance — Year three

24.2%+1.7pp

HIGProperty Insurance — 3rd Year

9.4%-0.1pp

SPNTProperty Catastrophe — Year 3

44.1%-1.9pp

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:ShortdurationInsuranceContractsHistoricalClaimsDurationYearThree.

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 3?: Greenlight Capital RE, Ltd. (GLRE) reported property — year 3 of 8.8% in Q4 2025.
What does property — year 3 mean?: Represents the property claims development or loss experience for the third year following the inception of the underwriting period. By this stage, a significant portion of claims are typically reported, allowing for a more mature view of underwriting performance. It helps investors gauge the long-term accuracy of initial loss projections for property business.