GLRE · Greenlight Capital Re, Ltd. · Financials
4 customers — 70.5% of revenue (2025)
“For the Open Market segment, our four largest brokers each accounted for more than 10% of our gross written premiums, and in the aggregate, they accounted for approximately 70.5% of the segment's gross premiums written in 2025.”
6 customers — 53.6% of revenue (2025)
“For the Innovations segment, we had six customers that accounted for 53.6% of the segment's gross premiums written in 2025.”
Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $683.49M | $729.78M | $696.03M | $667.08M | $526.68M | $588.55M | $484.09M | $538.15M | $183.03M | $645.68M | $588.37M | $123.05M | $479.8M | $764.33M | $545.4M | $403.15M | $390.63M | $419.08M | |
| -$989K | — | — | — | -$6.72M | -$11.66M | $1.71M | $2.77M | — | — | — | — | — | — | — | — | — | — | |
| $647M | $661.14M | $619.95M | $583.15M | $469.48M | $539.28M | $455.41M | $483.58M | $508.36M | $626M | $513.12M | $408.39M | $354.24M | $547.9M | $466.71M | $379.78M | $287.7M | $214.68M | |
| $46.93M | — | — | $43.24M | $31.61M | $29.37M | $26.4M | $29.82M | $25.17M | $26.36M | $25.81M | $23.43M | $24.5M | $20.96M | $17.54M | $13.89M | $16.19M | $18.99M | |
| $6.26M | — | — | — | — | — | $6.28M | $6.26M | $2.51M | $0 | — | — | — | — | — | — | — | — | |
| $27.62M | $35.71M | $33.61M | $28.7M | $54.84M | $18.09M | $843K | $700K | -$247K | $0 | $0 | — | — | — | — | — | — | — | |
| -$12.91M | -$11.71M | -$918K | $1.74M | $9.86M | $33.77M | — | — | — | — | — | — | — | — | — | — | — | — | |
| — | $78.31M | $43.57M | $86.93M | — | — | — | — | -$354M | -$44.83M | $47.21M | -$333.69M | $112.65M | $233.01M | $18.54M | $8.81M | $94.78M | $211.81M | |
| $2.12M | $3.48M | $749K | $100K | -$816K | $3.75M | $424K | $483K | $332K | -$451K | $509K | -$1.76M | -$624K | $538K | $86K | $247K | $396K | -$49K | |
| $51.03M | $74.83M | $42.82M | $86.83M | $25.34M | $17.58M | $3.87M | -$3.99M | -$350.05M | -$44.95M | $44.88M | -$326.43M | $109.59M | $225.7M | $14.6M | $6.77M | $90.64M | $209.55M | |
| — | 10.25% | 6.15% | 13.02% | 4.81% | 2.99% | 0.8% | -0.74% | -191.26% | -6.96% | 7.63% | -265.28% | 22.84% | 29.53% | 2.68% | 1.68% | 23.2% | 50% | |
| — | — | — | — | — | — | — | $0 | -$4.28M | $579K | $1.82M | -$5.51M | — | — | — | — | — | — | |
| $51.03M | $74.83M | $42.82M | $86.83M | $25.34M | $17.58M | $3.87M | — | — | — | — | — | — | — | — | — | — | — | |
| USD/shares | $1.50 | $2.21 | $1.26 | $2.55 | $0.75 | $0.51 | $0.11 | -$0.11 | -$9.74 | -$1.21 | $1.20 | -$8.90 | $2.94 | $6.13 | $0.40 | $0.19 | $2.49 | $5.78 |
| USD/shares | $1.46 | $2.17 | $1.24 | $2.50 | $0.73 | $0.51 | $0.11 | -$0.11 | -$9.74 | -$1.21 | $1.20 | -$8.90 | $2.89 | $6.01 | $0.39 | $0.18 | $2.44 | $5.71 |
| shares | — | 33.82M | 34.1M | 34.07M | 33.91M | 34.2M | 36.17M | 36.08M | 35.95M | 37M | 37.27M | 36.67M | 37.24M | 36.84M | 36.7M | 36.55M | 36.42M | 36.23M |
| shares | — | 34.5M | 34.65M | 34.8M | 39.77M | 34.35M | 36.28M | 36.08M | 35.95M | 37M | 37.34M | 36.67M | 37.87M | 37.59M | 37.36M | 37.29M | 37.22M | 36.72M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2013–FY2025: $82.14M in buybacks.
Debt Profile
Annual debt figures are established from 10-K filings and updated by subsequent 10-Q and 8-K disclosures. Instrument balances are not summed into a company total unless the filing itself reports that total.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 3 similar-size Insurance - Reinsurance companies (of 8 listed).