# Greenlight Capital Re, Ltd. (GLRE)

**Exchange:** NASDAQ  
**Sector:** Financial Services  
**Market cap:** $550M  
**Price:** $15.93 (+2.97%)

> Greenlight Capital Re, Ltd. is a reinsurance company focusing on offering property and casualty reinsurance solutions globally. The company's primary function is to provide reinsurance services that help insurance companies manage risks, align capital efficiencies, and ensure stability against massive claims events. Greenlight Capital Re extends its services to various sectors, including automotive, health, property, and marine insurance, impacting industry efforts to balance risk exposure and profitability effectively. Headquartered in the Cayman Islands, Greenlight Capital Re stands out for its investment-oriented approach, leveraging a unique business model that combines underwriting discipline with an innovative investment strategy led by its asset management team. This strategic approach allows for flexibility in capital allocation and a distinctive edge within the competitive reinsurance landscape. The firm's market significance is underscored by its commitment to delivering responsive, tailored solutions for its clients, reflecting adaptability in an ever-evolving global insurance market.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $730M | — | — | $75M | — |
| 2024 | $696M | — | — | $43M | — |
| 2023 | $667M | — | — | $87M | — |
| 2022 | $527M | — | — | $25M | — |
| 2021 | $589M | — | — | $18M | — |
| 2020 | $484M | — | — | $4M | — |
| 2019 | $538M | — | — | -$4M | — |
| 2018 | $183M | — | — | -$350M | — |
| 2017 | $646M | — | — | -$45M | — |
| 2016 | $588M | — | — | $45M | — |
| 2015 | $123M | — | — | -$326M | — |
| 2014 | $480M | — | — | $110M | — |
| 2013 | $764M | — | — | $226M | — |
| 2012 | $545M | — | — | $15M | — |
| 2011 | $403M | — | — | $7M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $2.17B | $1.46B | $708M | $112M | $5M |
| 2024 | $2.02B | $1.38B | $636M | $65M | $61M |
| 2023 | $1.74B | $1.14B | $596M | $51M | $73M |
| 2022 | $1.58B | $1.08B | $503M | $38M | $81M |
| 2021 | $1.43B | $952M | $476M | $76M | — |
| 2020 | $1.36B | $893M | $465M | $9M | — |
| 2019 | $1.36B | $878M | $477M | $26M | — |
| 2018 | $1.44B | $956M | $478M | $18M | — |
| 2017 | $3.36B | $2.51B | $831M | $27M | — |
| 2016 | $2.66B | $1.77B | $874M | $1.24B | — |
| 2015 | $2.71B | $1.86B | $825M | $1.35B | — |
| 2014 | $3.00B | $1.80B | $1.17B | $12M | — |
| 2013 | $3.10B | $2.01B | $1.05B | $4M | — |
| 2012 | $2.72B | $1.86B | $822M | $22M | — |
| 2011 | $2.34B | $1.50B | $803M | $42M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $210M | — | — |
| 2024 | $112M | — | — |
| 2023 | $8M | — | — |
| 2022 | -$32M | — | — |
| 2021 | -$56M | — | — |
| 2020 | -$91M | — | — |
| 2019 | $2M | — | — |
| 2018 | -$59M | — | — |
| 2017 | $94M | — | — |
| 2016 | -$36M | — | — |
| 2015 | -$57M | — | -$57M |
| 2014 | -$134M | — | -$134M |
| 2013 | -$93M | $1M | -$94M |
| 2012 | -$51M | — | -$51M |
| 2011 | -$26M | $460,000 | -$26M |

Source: [CompaniesByCap](https://companiesbycap.com/company/GLRE)