GLRE · Greenlight Capital Re, Ltd.
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.”
Price & Indicators
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Metrics snapshot
Useful current figures from the complete screener profile.
AI Brief
Q2 FY26 earnings call · Aug 5, 2026TL;DR. Greenlight Re reported a Q2 2026 net loss of $29.6 million driven by $23.8 million in investment losses from Solasglas and a $25 million Middle East conflict reserve build (plus a $6.5M Qatar fire loss), while the Innovations segment posted a strong 89.7% combined ratio and received approval in principle to convert Syndicate 3456 to a full Lloyd's syndicate effective January 1, 2027.
- + Innovations gross written premiums grew 12% to $30.9M with net earned premiums up 16%
- + Received approval in principle from Lloyd's to convert Syndicate 3456 to a full syndicate effective January 1, 2027
- + Q2 investment losses essentially reversed in July with Solasglas returning +4.9% in July and YTD of +6.1%
- + Attritional loss ratio improved 4.3 points to 51.7% with prior year reserve development benefit of 1.4 points
- − Q2 investment loss of $23.8M driven by Solasglas return of -5.4% (longs +12%, shorts -12.3%, macro -5.4%)
- − Combined ratio deteriorated to 100.1% from 95.0% with cat/large losses at 17.1 points vs. 4% prior year
- − Fully diluted book value per share decreased 3.7% QoQ to $20.61 from $21.40 at March 31, 2026
- − Net written premium declined 11% in Q2 as company reduced net exposure in response to softening market
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders SellIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.
Versus peers
Insurance - Reinsurance — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
GLRE
this stock
Greenlight Capital Re, Ltd.
|
$486.03M | +1.2% | +4.8% | 10.2 | 2.4% |
|
RGA
Reinsurance Group Of America Inc
|
$16.24B | +22.6% | +7.2% | 10.9 | 1.5% |
|
EG
Everest Group, Ltd.
|
$14.06B | +8.5% | +1.2% | 7.8 | 5.0% |
|
RNR
Renaissancere Holdings Ltd
|
$13.53B | +15.8% | +9.9% | — | 3.6% |
|
SPNT
SiriusPoint Ltd
|
$2.95B | +11.6% | +23.1% | 6.3 | 4.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| GLRE | -0.9% | -4.7% | -17.8% | +1.7% | +1.2% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -0.7% | -4.3% | -30.0% | +0.8% | -11.7% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.