Greenlight Capital Re (GLRE) AI Stock Analysis

• Market Cap: $434.32M
• Dividend Yield: N/A
• Average Volume (3M): 102.46K
• Price to Earnings (P/E): 11.5
• Beta (1Y): 0.55
• Revenue Growth: 2.18%
• EPS Growth: -41.11%
• Country: US
• Employees: 75
• Sector: Financial
• Sector Strength: 71
• Industry: Insurance - Reinsurance
• EPS (TTM): 0.01
• Shares Outstanding: 34,198,154
• 10 Day Avg. Volume: 82,475
• 30 Day Avg. Volume: 102,464
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 0.94
• Enterprise Value/Gross Profit: 1.27
• Enterprise Value/Ebitda: 13.68
• 1Y Price Target: $13.50
• Price Target Upside: 7.23% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 61 Neutral
• Price Target: $13.50 ▲(7.23% Upside)

Greenlight Capital Re's overall score reflects a mixed financial performance with strong equity but operational challenges. Technical indicators show bearish momentum, while valuation suggests potential undervaluation. Recent corporate events are positive, enhancing financial operations.

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 presents a mixed financial picture. Strong equity and no debt indicate financial stability, but income and cash flow statements reveal potential operational and cash management challenges. High net income in 2024 contrasts with low revenue, suggesting possible one-time gains or unusual income sources. Cash flow generation 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	587.18M	32.42M	624.28M	414.63M	571.34M	479.66M
Gross Profit	435.03M	23.24M	616.25M	414.63M	571.34M	479.66M
EBITDA	40.47M	43.56M	86.93M	0.00	39.26M	5.32M
Net Income	37.77M	42.82M	86.83M	25.34M	17.58M	3.87M
Balance Sheet
Total Assets	2.19B	2.02B	1.74B	1.58B	1.43B	1.36B
Cash, Cash Equivalents and Short-Term Investments	659.06M	649.09M	51.08M	38.24M	76.31M	8.94M
Total Debt	0.00	60.75M	73.28M	80.53M	98.06M	95.79M
Total Liabilities	1.52B	1.38B	1.14B	1.08B	951.83M	892.79M
Stockholders Equity	663.32M	635.88M	596.10M	503.12M	475.66M	464.86M
Cash Flow
Free Cash Flow	149.65M	111.50M	7.51M	-139.05M	-57.53M	-91.32M
Operating Cash Flow	149.65M	111.50M	7.51M	-31.80M	-56.30M	-91.32M
Investing Cash Flow	-89.25M	-96.56M	-53.13M	47.02M	23.09M	95.63M
Financing Cash Flow	-16.24M	-21.24M	-5.29M	-19.83M	-10.00M	-17.78M

Greenlight Capital Re Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 12.59
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GLRE, the sentiment is Negative. The current price of 12.59 is below the 20-day moving average (MA) of 12.90, below the 50-day MA of 13.18, and below the 200-day MA of 13.68, indicating a bearish trend. The MACD of -0.14 indicates Positive momentum. The RSI at 40.17 is Neutral, neither overbought nor oversold. The STOCH value of 17.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GLRE.

Greenlight Capital Re Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$17.81B	11.59	9.88%	3.74%	9.69%	1.11%
SPNT	66 Neutral	$2.21B	20.87	4.82%	―	-4.56%	-55.48%
WSBF	64 Neutral	$276.26M	13.03	6.12%	4.09%	1.46%	80.94%
GLRE	61 Neutral	$434.32M	11.49	5.82%	―	2.18%	-41.11%
KG	53 Neutral	$198.66M	―	-67.34%	―	-72.34%	-289.97%
JRVR	51 Neutral	$247.49M	―	-13.01%	1.52%	-20.88%	1.34%
OXBR	49 Neutral	$17.11M	―	-58.30%	―	―	78.09%

Greenlight Capital Re Corporate Events

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.

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.