Greenlight Capital Re, Ltd. (GLRE)

Greenlight Capital Re Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	619.95	583.15	469.48	539.28	455.41
Total Interest & Dividend Income	80.48	70.37	53.34	-1.71	5.42
Gain (Loss) on Sale of Investments	-0.92	1.74	9.86	33.77	16.68
Other Revenue	2.12	-	-0.34	18.75	8.42
Total Revenue	701.63	655.25	532.33	590.09	485.93
Revenue Growth (YoY)	7.08%	23.09%	-9.79%	21.44%	-10.50%
Policy Benefits	427.27	360	316.49	374.98	337.83
Policy Acquisition & Underwriting Costs	199.63	188.46	156.96	144.96	109.29
Selling, General & Administrative	16.38	19.35	17.79	26.14	23.93
Total Operating Expenses	643.28	567.82	491.24	549.31	473.52
Operating Income	58.35	87.43	41.09	40.78	12.41
Interest Expense	-9.18	-8.03	-10.92	-17.92	-8.16
Currency Exchange Gain (Loss)	-5.61	11.57	-5.99	-1.54	0.04
EBT Excluding Unusual Items	43.57	90.97	24.18	21.32	4.29
Other Unusual Items	-	-4.04	0.34	-	-
Pretax Income	43.57	86.93	24.53	21.32	4.29
Income Tax Expense	0.75	0.1	-0.82	3.75	0.42
Earnings From Continuing Ops.	42.82	86.83	25.34	17.58	3.87
Net Income	42.82	86.83	25.34	17.58	3.87
Net Income to Common	42.82	86.83	25.34	17.58	3.87
Net Income Growth	-50.69%	242.63%	44.17%	354.68%	-
Shares Outstanding (Basic)	34	34	34	34	36
Shares Outstanding (Diluted)	35	35	40	34	36
Shares Change (YoY)	-0.41%	-12.50%	15.78%	-5.31%	0.55%
EPS (Basic)	1.26	2.55	0.75	0.51	0.11
EPS (Diluted)	1.24	2.50	0.73	0.51	0.11
EPS Growth	-50.40%	240.50%	43.97%	377.18%	-
Operating Margin	8.32%	13.34%	7.72%	6.91%	2.55%
Profit Margin	6.10%	13.25%	4.76%	2.98%	0.80%
EBITDA	-	-	41.11	40.8	12.43
EBITDA Margin	-	-	7.72%	6.91%	2.56%
D&A For EBITDA	-	-	0.02	0.02	0.02
EBIT	58.35	87.43	41.09	40.78	12.41
EBIT Margin	8.32%	13.34%	7.72%	6.91%	2.55%
Effective Tax Rate	1.72%	0.11%	-	17.57%	9.88%
Revenue as Reported	696.03	667.08	526.68	588.55	484.09

Updated Mar 10, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q