Greenlight Capital Re, Ltd. (GLRE)

Greenlight Capital Re Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Premiums Earned	661.14	619.95	583.15	469.48	539.28
Investment Income	-	-	-	63.19	50.15
Net Gains on Investments	-	2.12	0.27	-	0.66
Total Other Revenues	-	-	-	-5.99	-1.54
Revenue	729.78	696.03	667.08	526.68	588.55
Revenue Growth (YoY)	4.85%	4.34%	26.66%	-10.51%	21.58%
Insurance Benefits & Claims	411.59	427.27	360	316.49	374.98
Policy Amortization Costs	213.48	199.63	188.46	156.96	144.96
Other Operating Expenses	4.79	9.18	8.03	28.71	47.29
Operating Income	99.92	59.94	110.58	24.53	21.32
Pretax Income	78.31	43.57	86.93	24.53	21.32
Provision for Income Taxes	-	-	-	-	3.75
Net Income	74.83	42.82	86.83	25.34	17.58
Net Income to Common	74.83	42.82	86.83	25.34	17.58
Net Income Growth	74.78%	-50.69%	242.63%	44.17%	354.68%
Shares Outstanding (Basic)	34	34	34	34	34
Shares Outstanding (Diluted)	35	35	35	40	34
Shares Change (YoY)	-0.44%	-0.41%	-12.50%	15.78%	-5.31%
EPS (Basic)	2.21	1.26	2.55	0.75	0.51
EPS (Diluted)	2.17	1.24	2.50	0.73	0.51
EPS Growth	75.00%	-50.40%	242.47%	43.14%	363.64%
Free Cash Flow	210.21	111.5	7.51	-31.8	-56.3
Free Cash Flow Growth	88.52%	1385.33%	-	-	-
Free Cash Flow Per Share	6.09	3.22	0.22	-0.80	-1.64
Operating Margin	13.69%	8.61%	16.58%	4.66%	3.62%
Profit Margin	10.25%	6.15%	13.02%	4.81%	2.99%
FCF Margin	28.80%	16.02%	1.13%	-6.04%	-9.57%
EBITDA	99.92	59.94	110.58	24.53	21.34
EBITDA Margin	13.69%	8.61%	16.58%	4.66%	3.63%
EBIT	99.92	59.94	110.58	24.53	21.32
EBIT Margin	13.69%	8.61%	16.58%	4.66%	3.62%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	17.57%

Updated Mar 9, 2026. Data Source: Fiscal.ai. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q