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

Greenlight Capital RE, Ltd. (GLRE) reported specialty — year 3 of 43% in Q4 2025.

What does specialty — year 3 mean?

This metric measures the specialty segment's underwriting performance or claims development in the third year of a policy cohort's lifecycle. It provides a deeper view into the long-term loss development patterns of specialty reinsurance contracts. This data is essential for evaluating the sustainability of specialty underwriting margins over time.

Greenlight Capital RE, Ltd. GLRE Specialty — Year 3

Other product segments

Financial

46.4%-8.7%

Casualty

29.8%+2.8%

Multiline

23%+17.3%

Property

8.8%+3.5%

Health

2.4%-7.7%

Similar metrics at other companies

ACGLSpecialty — Year Three

14.6%+0.4pp

SPNTOther Specialties — Year 3

56.1%+29.8pp

HMNSpecialty Health — Year Three

2.2%+1.1pp

WTMSpecialty — 3

13.2%+2.3pp

KMPRSpecialty Personal Automobile Insurance—Liability — Year 3

89.6%-0.9pp

SKWDShort-tail/Monoline Specialty Lines — Year 3

10.8%0.0pp

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

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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

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: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 specialty — year 3?: Greenlight Capital RE, Ltd. (GLRE) reported specialty — year 3 of 43% in Q4 2025.
What does specialty — year 3 mean?: This metric measures the specialty segment's underwriting performance or claims development in the third year of a policy cohort's lifecycle. It provides a deeper view into the long-term loss development patterns of specialty reinsurance contracts. This data is essential for evaluating the sustainability of specialty underwriting margins over time.