Greenlight Capital RE, Ltd. GLRE Business Segments
| FY'25 | FY'24 | FY'23 | ||
|---|---|---|---|---|
| Net premiums earned by Business | ||||
| Innovations | $85.63M-0.8% | $86.35M+20.3% | $71.77M+116% | |
| Open Market | $576.03M+12.5% | $511.92M+9.7% | $466.75M+13.6% | |
| Income (Loss), Including Portion Attributable to Noncontrolling Interest, before Tax by Business | ||||
| Innovations | -$12.94M— | —— | $1.43M-58.0% | |
| Open Market | $69.67M+36.5% | $51.03M-40.6% | $85.94M+2,556% | |
| Total investment related income (loss) by Business | ||||
| Innovations | -$10.06M-1,534% | $702K-74.3% | $2.73M-72.3% | |
| Open Market | $32.04M-24.8% | $42.63M+14.1% | $37.35M+663% | |
| Premiums Earned, Net by Business | ||||
| Innovations | $85.63M-0.8% | $86.35M+20.3% | $71.77M+116% | |
| Open Market | $576.03M+12.5% | $511.92M+9.7% | $466.75M+13.6% | |
| Net investment income (loss) by Business | ||||
| Innovations | -$10.39M-1,580% | $702K-74.3% | $2.73M-72.3% | |
| Open Market | $32.04M-24.8% | $42.63M+14.1% | $37.35M+663% | |
| Gross premiums written by Business | ||||
| Innovations | $121.6M+28.4% | $94.73M+6.9% | $88.6M+74.6% | |
| Open Market | $652.23M+8.0% | $603.8M+19.7% | $504.44M+11.5% | |
| Net loss and loss adjustment expenses incurred by Business | ||||
| Innovations | $51.47M-0.9% | $51.94M+15.8% | $44.86M+93.7% | |
| Open Market | $358.4M+4.9% | $341.59M+30.2% | $262.29M-2.4% | |
| Underwriting Income (Loss) by Business | ||||
| Innovations | -$177K-105% | $3.87M+118% | $1.77M+159% | |
| Open Market | $37.64M— | —— | $48.59M+3,024% | |
| Total allocated assets by Business | ||||
| Innovations | $552.06M+14.6% | $481.84M— | —— | |
| Open Market | $1.91B+9.9% | $1.74B— | —— | |
| Net premiums written by Business | ||||
| Innovations | $90.23M+12.8% | $80.02M-4.3% | $83.61M+76.7% | |
| Open Market | $601.69M+11.1% | $541.45M+16.1% | $466.54M+6.6% | |
| Deposit interest expense, net by Business | ||||
| Innovations | $0— | $0— | $0— | |
| Open Market | $421K— | —— | $2.69M-60.0% | |
| Corporate and other expenses by Business | ||||
| Innovations | $2.7M+10.6% | $2.45M-20.6% | $3.08M-10.8% | |
| Open Market | $0— | $0— | $0— | |
| Net losses, and LAE by Business | ||||
| Innovations | $51.47M-0.9% | $51.94M+15.8% | $44.86M+93.7% | |
| Open Market | $358.4M+4.9% | $341.59M+30.2% | $262.29M-2.4% | |
| Loss from Catastrophes by Business | ||||
| Innovations | $0— | $0— | $0— | |
| Open Market | $27.02M+0.4% | $26.9M+274% | $7.2M-80.5% | |
| Underwriting expenses by Business | ||||
| Innovations | $7.51M+104% | $3.68M+33.4% | $2.76M+41.8% | |
| Open Market | $21.11M+10.1% | $19.18M+14.0% | $16.83M+41.8% | |
| Prior years by Business | ||||
| Innovations | $1.52M+127% | -$5.55M-562% | $1.2M-58.6% | |
| Open Market | $32.11M+25.7% | $25.55M-10.7% | $28.6M+279% | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Attritional Losses by Business | ||||
| Innovations | $49.22M-5.8% | $52.24M+17.6% | $44.43M+117% | |
| Open Market | $304.66M+4.7% | $290.96M+19.5% | $243.44M+3.5% | |
| Acquisition costs by Business | ||||
| Innovations | $26.82M-1.2% | $27.15M+21.3% | $22.38M+101% | |
| Open Market | $158.47M+9.4% | $144.85M+6.2% | $136.36M+8.8% | |
| Large Event Losses by Business | ||||
| Innovations | $2.1M— | $0— | $0— | |
| Open Market | $17.2M+53.4% | $11.22M+39.0% | $8.07M— | |
| Premiums assumed from other companies by Geography | ||||
| Cayman Islands | $343.25M-5.0% | $361.26M+3.6% | $348.74M+10.2% | |
| Ireland | $156.54M-2.6% | $160.74M+68.5% | $95.37M-61.3% | |
| United Kingdom | $273.47M+55.1% | $176.34M-8.5% | $192.7M— | |
| Premiums Written, Gross As Percentage Of Total Gross Premiums Written by Geography | ||||
| Cayman Islands | 44.4%-7.3pp | 51.7%-3.1pp | 54.8%-1.4pp | |
| Ireland | 20.2%-2.8pp | 23%+8.0pp | 15%-28.8pp | |
| United Kingdom | 35.4%+10.1pp | 25.3%-5.0pp | 30.3%— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Greenlight Capital RE, Ltd. break its business down?
- Greenlight Capital RE, Ltd. (GLRE) reports net premiums earned by business across 2 parts — Innovations and Open Market. Each is extracted from the segment footnotes and tracked over time.
- Where does Greenlight Capital RE, Ltd.'s segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Greenlight Capital RE, Ltd.'s SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
