Greenlight Capital Re, Ltd. (GLRE)

Greenlight Capital Re Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Premiums & Annuity Revenue	626.88	619.95	583.15	469.48	539.28	455.41
Total Interest & Dividend Income	75.06	80.48	70.37	53.34	-1.71	5.42
Gain (Loss) on Sale of Investments	-0.39	-0.92	1.74	9.86	33.77	16.68
Other Revenue	16.07	2.12	-	-0.34	18.75	8.42
Total Revenue	717.62	701.63	655.25	532.33	590.09	485.93
Revenue Growth (YoY)	2.79%	7.08%	23.09%	-9.79%	21.44%	-10.50%
Policy Benefits	440.83	427.27	360	316.49	374.98	337.83
Policy Acquisition & Underwriting Costs	204.91	199.63	188.46	156.96	144.96	109.29
Selling, General & Administrative	16.72	16.38	19.35	17.79	26.14	23.93
Total Operating Expenses	662.41	643.28	567.82	491.24	549.31	473.52
Operating Income	55.21	58.35	87.43	41.09	40.78	12.41
Interest Expense	-8.67	-9.18	-8.03	-10.92	-17.92	-8.16
Currency Exchange Gain (Loss)	0.4	-5.61	11.57	-5.99	-1.54	0.04
EBT Excluding Unusual Items	46.94	43.57	90.97	24.18	21.32	4.29
Other Unusual Items	-	-	-4.04	0.34	-	-
Pretax Income	46.94	43.57	86.93	24.53	21.32	4.29
Income Tax Expense	1.51	0.75	0.1	-0.82	3.75	0.42
Earnings From Continuing Ops.	45.42	42.82	86.83	25.34	17.58	3.87
Net Income	45.42	42.82	86.83	25.34	17.58	3.87
Net Income to Common	45.42	42.82	86.83	25.34	17.58	3.87
Net Income Growth	-57.93%	-50.69%	242.63%	44.17%	354.68%	-
Shares Outstanding (Basic)	34	34	34	34	34	36
Shares Outstanding (Diluted)	35	35	35	40	34	36
Shares Change (YoY)	1.39%	-0.41%	-12.50%	15.78%	-5.31%	0.55%
EPS (Basic)	1.34	1.26	2.55	0.75	0.51	0.11
EPS (Diluted)	1.32	1.24	2.50	0.73	0.51	0.11
EPS Growth	-58.27%	-50.40%	240.50%	43.97%	377.18%	-
Operating Margin	7.69%	8.32%	13.34%	7.72%	6.91%	2.55%
Profit Margin	6.33%	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	55.21	58.35	87.43	41.09	40.78	12.41
EBIT Margin	7.69%	8.32%	13.34%	7.72%	6.91%	2.55%
Effective Tax Rate	3.22%	1.72%	0.11%	-	17.57%	9.88%
Revenue as Reported	718.02	696.03	667.08	526.68	588.55	484.09

Updated May 7, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.

SEC Filings: 10-K · 10-Q