Greenlight Capital Re (GLRE) AI Stock Analysis

• Market Cap: $439.54M
• Dividend Yield: N/A
• Average Volume (3M): 125.10K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.43
• Revenue Growth: 5.83%
• EPS Growth: -101.38%
• Country: US
• Employees: 75
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Reinsurance
• EPS (TTM): -0.13
• Shares Outstanding: 34,099,228
• 10 Day Avg. Volume: 135,078
• 30 Day Avg. Volume: 125,097
• PEG Ratio: -0.22
• Price to Book (P/B): 0.75
• Price to Sales (P/S): 0.71
• P/FCF Ratio: 4.28
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 0.71
• Enterprise Value/Gross Profit: 11.28
• Enterprise Value/Ebitda: 93.05
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 1.3
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: $13.50 ▲(9.58% Upside)

Greenlight Capital Re's overall stock score is 61, reflecting a mixed financial performance with strong balance sheet metrics but operational and cash flow challenges. Technical analysis indicates bearish momentum, while valuation is reasonable. The recent earnings call highlighted strong underwriting but was overshadowed by investment losses.

Greenlight Capital Re Business Overview & Revenue Model

Company Description

Greenlight Capital Re (GLRE) is a global provider of reinsurance and insurance solutions, focusing primarily on property and casualty lines. The company operates within the insurance and reinsurance sectors, offering a range of products designed to protect against various risks, including natural disasters and other catastrophic events. Through its specialized underwriting expertise, GLRE seeks to deliver value to its clients while managing its risk exposure effectively.

How the Company Makes Money

Greenlight Capital Re generates revenue primarily through its reinsurance operations, where it assumes risk from insurance companies in exchange for premium payments. The company collects premiums from clients for the coverage it provides, and it earns additional income by investing the collected premiums in various financial instruments, such as equities and fixed-income securities. Key revenue streams include the premiums from property and casualty reinsurance contracts and investment income from its investment portfolio. Additionally, GLRE may engage in strategic partnerships with other insurers or financial institutions to enhance its risk management capabilities and expand its client base, further contributing to its overall earnings.

Greenlight Capital Re Financial Statement Overview

Summary

Greenlight Capital Re's financial performance is mixed. The company has a strong balance sheet with no debt and high return on equity, but faces challenges in income and cash flow statements. The high net income in 2024 contrasts with low revenue, indicating potential one-time gains. Cash flow issues need addressing for sustainable growth.

Income Statement

Greenlight Capital Re showed a mixed performance in its income statement. The company experienced strong revenue growth of 33% from 2022 to 2023, but revenue declined significantly in 2024. The net profit margin for 2024 was exceptionally high due to a drop in revenue yet an increase in net income. However, EBIT and EBITDA margins were not applicable due to zero EBIT and EBITDA, indicating potential volatility and operational challenges.

Balance Sheet

The balance sheet of Greenlight Capital Re reflects a strong financial position. The company has no debt as of 2024, leading to a debt-to-equity ratio of 0. The equity ratio stands at a solid 31.5%, indicating a healthy balance between assets and equity. The return on equity was notably high at 67.3% in 2024, driven by a substantial net income, suggesting efficient use of equity capital. However, the fluctuations in stockholders' equity and total assets over the years indicate potential instability.

Cash Flow

Cash flow analysis reveals some concerns for Greenlight Capital Re. The company showed a negative operating cash flow in 2024, indicating challenges in generating cash from operations. The free cash flow has fluctuated significantly over the years, showing negative growth in 2024. The free cash flow to net income ratio was negative in 2024, suggesting inconsistencies in cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	654.63M	647.97M	632.35M	477.63M	570.46M	478.82M
Gross Profit	41.11M	43.93M	103.46M	18.00M	50.52M	31.70M
EBITDA	4.98M	52.75M	94.96M	35.52M	39.26M	12.87M
Net Income	-1.87M	42.82M	86.83M	25.34M	17.58M	3.87M
Balance Sheet
Total Assets	2.13B	2.02B	1.74B	1.58B	1.43B	1.36B
Cash, Cash Equivalents and Short-Term Investments	655.23M	64.69M	51.08M	38.24M	76.31M	8.94M
Total Debt	0.00	60.75M	73.28M	80.53M	98.06M	95.79M
Total Liabilities	1.48B	1.38B	1.14B	1.08B	951.83M	892.79M
Stockholders Equity	658.89M	635.88M	596.10M	503.12M	475.66M	464.86M
Cash Flow
Free Cash Flow	139.53M	111.50M	7.51M	-139.05M	-57.53M	-91.32M
Operating Cash Flow	139.53M	111.50M	7.51M	-31.80M	-56.30M	-91.32M
Investing Cash Flow	-71.55M	-96.56M	-53.13M	47.02M	23.09M	95.63M
Financing Cash Flow	-34.19M	-21.24M	-5.29M	-19.83M	-10.00M	-17.78M

Greenlight Capital Re Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 12.32
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLRE, the sentiment is Neutral. The current price of 12.32 is below the 20-day moving average (MA) of 12.56, below the 50-day MA of 12.59, and below the 200-day MA of 13.26, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 52.75 is Neutral, neither overbought nor oversold. The STOCH value of 57.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GLRE.

Greenlight Capital Re Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPNT	75 Outperform	$2.32B	12.56	8.09%	―	7.87%	-4.68%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
WSBF	63 Neutral	$282.21M	11.45	6.95%	3.95%	-0.09%	83.67%
GLRE	61 Neutral	$439.54M	―	-0.28%	―	5.83%	-101.38%
JRVR	54 Neutral	$254.19M	―	-6.97%	0.72%	-19.08%	56.21%
KG	53 Neutral	$109.08M	―	-57.00%	―	-66.75%	-50.53%
OXBR	43 Neutral	$11.22M	-3.38	-50.32%	―	―	55.30%

Greenlight Capital Re Corporate Events

Greenlight Capital Re Reports Record Underwriting Income

Greenlight Capital Re, Ltd. is a reinsurance company that provides multiline property and casualty insurance and reinsurance services, operating primarily in the Cayman Islands and Ireland, with a focus on innovative investment strategies.

Greenlight Capital Re Enhances Financial Operations with Citibank

On September 3, 2025, Greenlight Capital Re amended its credit agreement with CIBC Bank USA, establishing a $50 million revolving credit facility to refinance its existing term loan. This facility, maturing in 2030, is secured by a lien on a collateral account and includes specific financial covenants. Additionally, on September 9, 2025, Greenlight Reinsurance entered into a £50 million letter of credit facility with Citibank Europe to support its Funds at Lloyd’s business, enhancing its participation in Lloyd’s Syndicates. Both financial arrangements aim to strengthen Greenlight’s financial operations and market positioning.

The most recent analyst rating on (GLRE) stock is a Hold with a $13.50 price target. To see the full list of analyst forecasts on Greenlight Capital Re stock, see the GLRE Stock Forecast page.

Greenlight Capital Re’s Earnings Call: Mixed Results Highlight Opportunities and Challenges

The recent earnings call for Greenlight Capital Re presented a mixed sentiment, highlighting both achievements and challenges. While the company reported growth in net income and book value, as well as strong performance in the Open Market segment, these positives were counterbalanced by difficulties in the Innovations segment and investment losses in the Solasglas fund.

Greenlight Capital Re Reports Q2 2025 Financial Results

Greenlight Capital Re, Ltd. is a reinsurance company that provides multiline property and casualty insurance through its entities in the Cayman Islands, Ireland, and its Lloyd’s platform, with a focus on innovative investment strategies to enhance returns. In its latest earnings report for the second quarter of 2025, Greenlight Re highlighted a 6.3% increase in gross premiums written, reaching $179.6 million, alongside a net underwriting income of $8.1 million. However, the company faced a total investment loss of $7.8 million, resulting in a net income of $0.3 million for the quarter. The company’s combined ratio improved to 95.0%, demonstrating effective underwriting performance despite investment challenges. Over the first half of 2025, Greenlight Re reported a 10.7% increase in gross premiums written, totaling $427.6 million, and a net income of $30.0 million. The company also managed to increase its fully diluted book value per share by 5.7% to $18.97. Looking ahead, Greenlight Re’s management remains optimistic about the company’s underwriting strength and capital management strategy, aiming for continued shareholder value creation in the second half of the year.

Greenlight Capital Re Holds Annual Shareholders Meeting

On July 29, 2025, Greenlight Capital Re held its Annual General Meeting of Shareholders, where directors were elected, Deloitte Ltd. was ratified as the independent auditor, and executive compensation was approved. The company reported its financial results for the second quarter and six months ending June 30, 2025, showing a 6.3% increase in gross premiums written and a combined ratio of 95.0%. Despite a total investment loss of $7.8 million, Greenlight Re returned $5 million to shareholders through buybacks, highlighting its commitment to long-term shareholder value.