GLRE - Greenlight Capital Re Ltd Stock Price, Fair Value and News

12.04USD-0.11 (-0.91%)Market Closed

Market Summary

USD12.04-0.11

Market Closed

-0.91%

GLRE Alerts

1 major insider sales recently.

GLRE Stock Price

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GLRE RSI Chart

GLRE Valuation

Market Cap

425.8M

Price/Earnings (Trailing)

4.9

Price/Sales (Trailing)

0.64

EV/EBITDA

-47.3

Price/Free Cashflow

56.71

GLRE Price/Sales (Trailing)

GLRE Profitability

EBT Margin

-2.12%

Return on Equity

14.57%

Return on Assets

Free Cashflow Yield

1.76%

GLRE Fundamentals

GLRE Revenue

Revenue (TTM)

667.1M

Rev. Growth (Yr)

6.85%

Rev. Growth (Qtr)

-6.85%

GLRE Earnings

Earnings (TTM)

86.8M

Earnings Growth (Yr)

-49.34%

Earnings Growth (Qtr)

30.64%

Breaking Down GLRE Revenue

Last 7 days

-3.5%

Last 30 days

-0.2%

Last 90 days

5.2%

Trailing 12 Months

22.2%

How does GLRE drawdown profile look like?

GLRE Financial Health

GLRE Investor Care

Shares Dilution (1Y)

6.70%

Diluted EPS (TTM)

2.44

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	548.6M	616.9M	657.1M	667.1M
2022	568.2M	555.1M	542.6M	526.7M
2021	561.5M	581.3M	596.6M	588.6M
2020	455.3M	429.7M	415.5M	484.1M
2019	341.6M	393.9M	499.6M	538.2M
2018	0	570.2M	481.3M	307.4M
2017	585.6M	619.3M	709.9M	645.7M
2016	239.8M	356.6M	473.4M	588.4M
2015	449.6M	316.9M	220.0M	123.0M
2014	695.8M	739.4M	554.2M	479.8M
2013	543.4M	607.3M	607.4M	765.1M
2012	507.4M	512.7M	634.3M	545.4M
2011	421.0M	437.0M	415.7M	403.1M
2010	0	409.6M	400.1M	390.6M
2009	0	0	0	419.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Greenlight Capital Re Ltd

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 27, 2024	isaacs ian	sold	-108,210	11.998	-9,019	-
Mar 15, 2024	oreilly brian joseph	acquired	-	-	18,342	head of innovations
Mar 15, 2024	sigmon david	acquired	-	-	4,344	general counsel
Mar 15, 2024	oreilly brian joseph	acquired	-	-	6,053	head of innovations
Mar 15, 2024	curnock thomas james	acquired	-	-	8,772	chief risk officer
Mar 15, 2024	romer faramarz	acquired	-	-	8,676	chief financial officer
Mar 15, 2024	o'brien patrick	acquired	-	-	8,489	-
Mar 15, 2024	diaz sherry	acquired	-	-	4,444	controller
Mar 15, 2024	strommer richard paul	acquired	-	-	3,881	chief actuary

Which funds bought or sold GLRE recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 25, 2024	Ninety One SA (PTY) Ltd	sold off	-100	-735,962	-	-%
Apr 25, 2024	Bank of New York Mellon Corp	reduced	-5.49	34,562	1,114,520	-%
Apr 25, 2024	Ninety One UK Ltd	unchanged	-	1,060,100	12,590,000	0.04%
Apr 25, 2024	SIMPLEX TRADING, LLC	sold off	-100	-7,000	-	-%
Apr 24, 2024	RITHOLTZ WEALTH MANAGEMENT	reduced	-2.09	26,588	411,373	0.01%
Apr 24, 2024	West Branch Capital LLC	unchanged	-	630	7,482	-%
Apr 24, 2024	Spire Wealth Management	added	6.93	2,186	13,468	-%
Apr 23, 2024	Summit Trail Advisors, LLC	unchanged	-	40,442	480,295	0.01%
Apr 23, 2024	AMALGAMATED BANK	reduced	-60.16	-15,000	11,000	-%
Apr 23, 2024	BFSG, LLC	added	161	37,387	57,487	0.01%

Are Funds Buying or Selling GLRE?

Are funds buying GLRE calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GLRE

No. of Funds

GLRE Alerts

1 major insider sales recently.

Unveiling Greenlight Capital Re Ltd's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2024	dimensional fund advisors lp	5.4%	1,902,489	SC 13G/A
Feb 02, 2024	blackrock inc.	7.0%	1,989,086	SC 13G/A
Dec 11, 2023	morgan stanley	4.0%	1,406,054	SC 13G/A
Jul 27, 2023	einhorn david	17.7%	6,254,715	SC 13D/A
Feb 13, 2023	orchard capital management, llc	5.51%	1,573,614	SC 13G
Feb 10, 2023	dimensional fund advisors lp	5.5%	1,581,848	SC 13G/A
Feb 09, 2023	morgan stanley	5.0%	1,435,427	SC 13G/A
Feb 01, 2023	blackrock inc.	6.6%	1,896,076	SC 13G/A
Feb 10, 2022	morgan stanley	6.3%	1,727,408	SC 13G/A
Feb 08, 2022	dimensional fund advisors lp	5.1%	1,412,367	SC 13G/A

Recent SEC filings of Greenlight Capital Re Ltd

View All Filings

Date Filed	Form Type	Document
Apr 25, 2024	DEF 14A	DEF 14A
Apr 19, 2024	4/A	Insider Trading
Apr 18, 2024	8-K	Current Report
Mar 28, 2024	4	Insider Trading
Mar 19, 2024	4/A	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading
Mar 19, 2024	4	Insider Trading

Peers (Alternatives to Greenlight Capital Re Ltd)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ARGO	1.0T	1.3B	-3.06%	3132.39%	-4.8K	757.88	-10.27%	-34.69%
AJG	50.7B	10.1B	-5.56%	11.94%	52.29	5.04	17.79%	-12.97%
AIG	50.7B	46.8B	-4.94%	42.83%	13.92	1.08	-14.05%	-64.38%
TRV	48.9B	42.9B	-6.72%	18.42%	15.57	1.14	13.52%	12.15%
AFL	48.2B	18.7B	-2.37%	20.33%	10.35	2.58	-2.30%	5.45%
ACGL	34.0B	13.6B	-0.66%	23.01%	7.65	2.49	41.83%	201.02%
AFG	10.6B	7.8B	-6.96%	4.78%	12.5	1.36	11.18%	-5.12%
MID-CAP
UNM	9.7B	12.4B	-5.51%	22.95%	7.57	0.78	3.35%	-8.77%
AIZ	9.0B	11.1B	-7.83%	43.99%	13.97	0.81	9.21%	132.28%
LNC	4.7B	11.6B	-13.31%	32.62%	-6.27	0.41	-38.09%	-155.38%
AEL	4.5B	2.8B	0.27%	47.86%	21.25	1.58	100.59%	-89.04%
SMALL-CAP
BRP	1.6B	1.2B	-7.26%	6.42%	-17.8	1.32	24.25%	-115.79%
AMSF	872.2M	308.9M	-8.27%	-17.61%	14.14	2.82	3.79%	10.94%
AMBC	659.9M	269.0M	-3.76%	-6.95%	146.63	2.45	-46.68%	-99.14%
AAME	40.0M	186.8M	-30.00%	-10.91%	-233.85	0.21	-0.56%	-111.21%

Greenlight Capital Re Ltd News

Latest updates

Greenlight Capital Re Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	-6.9%	155,485,000	166,922,000	189,689,000	154,986,000	145,513,000	126,723,000	121,418,000	133,029,000	161,411,000	139,271,000	134,516,000	153,367,000	169,417,000	123,985,000	114,745,000	75,945,000	100,862,000	138,188,000	140,349,000	158,754,000	62,259,000
S&GA Expenses	94.5%	15,374,000	7,905,000	10,025,000	9,936,000	8,879,000	7,389,000	8,106,000	7,232,000	8,029,000	6,060,000	7,739,000	7,541,000	8,306,000	5,152,000	6,149,000	6,794,000	7,338,000	7,725,000	7,919,000	6,840,000	4,445,000
EBITDA Margin	-71.7%	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.06	-0.17	-0.36	-1.51
Interest Expenses	-71.2%	684,500	2,380,000	1,579,000	1,578,000	641,000	464,000	479,000	2,000,000	116,500	205,000	1,562,000	2,000,000	1,578,000	1,579,000	1,562,000	1,561,000	1,579,000	1,578,000	1,562,000	1,544,000	2,505,000
Income Taxes	-137.9%	-11,000	29,000	28,000	54,000	7,000	-816,000	9,000	-16,000	13,000	-	-1,000	3,734,000	-	-	-	424,000	683,000	-179,000	-94,000	73,000	1,780,000
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,397,000	4,961,000	15,220,000	5,979,000	-5,376,000
EBT Margin	-29.9%	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.03	-0.03	-0.03	-0.02	0.04	-0.19	-0.38	-1.53
Net Income	30.6%	17,606,000	13,477,000	49,860,000	5,887,000	34,750,000	-18,469,000	14,788,000	-5,727,000	24,304,000	-13,853,000	628,000	6,499,000	42,016,000	2,183,000	-63,000	-40,270,000	-30,346,000	5,140,000	15,314,000	5,906,000	-350,054,000
Net Income Margin	-17.7%	0.13	0.16	0.12	0.07	0.05	0.03	0.04	0.01	0.03	0.06	0.09	0.09	0.01	-0.16	-0.15	-0.11	-0.01	-0.09	-0.35	-0.56	-1.85
Free Cashflow	245.7%	22,137,000	-15,196,000	1,825,000	-1,259,000	-4,375,000	-13,410,000	-2,396,000	-11,618,000	-37,517,000	1,056,000	-1,092,000	-18,743,000	-46,665,000	-1,934,000	-10,954,000	-31,770,000	10,311,000	-2,905,000	1,338,000	-7,113,000	10,006,000

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-0.2%	1,735	1,740	1,716	1,645	1,580	1,525	1,493	1,469	1,427	1,414	1,423	1,422	1,358	1,296	1,279	1,288	1,355	1,422	1,456	1,479	1,435
Cash Equivalents	23.7%	51.00	41.00	56.00	40.00	38.00	681	698	733	711	730	745	731	754	731	739	744	768	774	761	740	703
Liabilities	-2.1%	1,139	1,164	1,155	1,134	1,077	1,058	1,009	1,000	952	963	956	950	893	869	850	851	878	916	955	995	956
Shareholder's Equity	3.5%	596	576	481	479	503	467	5.00	3.00	476	451	467	472	3.00	427	430	4.00	477	507	502	484	4.00
Retained Earnings	19.5%	108	90.00	77.00	27.00	21.00	-13.55	5.00	-9.87	-9.51	-33.81	-19.96	-20.58	-27.08	-69.10	-71.28	-71.22	-30.06	0.00	-4.86	-20.17	-26.08
Additional Paid-In Capital	0.5%	485	482	481	479	478	477	476	475	482	481	483	489	488	492	498	504	504	503	502	501	500
Shares Outstanding	0.0%	35.00	35.00	34.00	34.00	34.00	33.00	34.00	33.00	34.00	34.00	35.00	35.00	36.00	36.00	36.00	36.00	36.00	37.00	36.00	36.00	36.00
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00
Float	-	-	-	278	-	-	-	200	-	-	-	239	-	-	-	180	-	-	-	242	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	245.7%	22,137	-15,196	1,825	-1,259	-4,375	-13,410	-2,396	-11,618	-37,517	1,056	-1,092	-18,743	-46,665	-1,934	-10,954	-31,770	10,311	-2,905	1,338	-7,113	10,006
Share Based Compensation	107.1%	2,624	1,267	1,220	1,034	1,418	1,163	1,098	1,005	845	793	827	763	1,084	-321	840	872	986	665	1,109	1,122	4,382
Cashflow From Investing	-97.3%	-30,585	-15,499	15,027	-22,076	42,776	3,603	-32,620	33,256	18,696	-12,758	21,490	-4,337	74,815	-511	13,288	8,034	-15,884	15,752	20,340	43,126	-90,160
Cashflow From Financing	-100.0%	-	11,793	-	-17,085	-13,409	-6,419	-	-	-	-3,252	-	-	-5,110	-4,899	-	-	-	-	-80,073	-	80,073
Buy Backs	-	-	-	-	-	-	1.00	-	-	-	3,216	6,675	-	5,110	71.00	116	-	-	-	-16,503	-	16,503

GLRE Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues
Gross premiums written	$ 636,810	$ 563,171	$ 565,393
Gross premiums ceded	(42,762)	(33,429)	(41)
Net premiums written	594,048	529,742	565,352
Change in net unearned premium reserves	(10,901)	(60,265)	(26,073)
Net premiums earned	583,147	469,477	539,279
Income from investment in related party investment fund (net of related party expenses of $7,954, $9,674, and $5,502, respectively)	28,696	54,844	18,087
Net investment income	37,367	14,139	32,065
Foreign exchange gains (losses)	11,566	(5,988)	(1,540)
Other income (expense), net	6,306	(5,789)	660
Total revenues	667,082	526,683	588,551
Expenses
Net loss and loss adjustment expenses incurred	360,004	316,485	374,980
Acquisition costs	168,877	143,148	144,960
General and administrative expenses	43,240	31,606	29,369
Deposit interest expense	2,687	6,717	11,655
Interest expense	5,344	4,201	6,263
Total expenses	580,152	502,157	567,227
Income before income tax	86,930	24,526	21,324
Income tax (expense) benefit	(100)	816	(3,746)
Net income	$ 86,830	$ 25,342	$ 17,578
Earnings per share
Basic (in dollars per share)	$ 2.55	$ 0.75	$ 0.51
Diluted (in dollars per share)	$ 2.50	$ 0.73	$ 0.51
Weighted average number of ordinary shares used in the determination of earnings and loss per share
Basic (in shares)	34,067,974	33,908,156	34,204,364
Diluted (in shares)	34,797,859	39,769,790	34,351,016

GLRE Balance Sheet

2023-12-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments
Investment in related party investment fund, at fair value	$ 258,890	$ 178,197
Other investments	73,293	70,279
Total investments	332,183	248,476
Cash and cash equivalents	51,082	38,238
Restricted cash and cash equivalents	604,648	668,310
Reinsurance balances receivable (net of allowance for expected credit losses of 2023: $854 and 2022: $356)	619,401	505,555
Loss and loss adjustment expenses recoverable (net of allowance for expected credit losses of 2023: $487 and 2022: $62)	25,687	13,239
Deferred acquisition costs	79,956	82,391
Unearned premiums ceded	17,261	18,153
Other assets	5,089	6,019
Total assets	1,735,307	1,580,381
Liabilities
Loss and loss adjustment expense reserves	661,554	555,468
Unearned premium reserves	306,310	307,820
Reinsurance balances payable	68,983	105,135
Funds withheld	17,289	21,907
Other liabilities	11,795	6,397
Debt	73,281	80,534
Total liabilities	1,139,212	1,077,261
Commitments and Contingencies (Note 16)
Shareholders' equity
Preferred share capital (par value $0.10; none issued)	0	0
Ordinary share capital (par value $0.10; issued and outstanding, 35,336,732 (2022: Class A: par value $0.10; issued and outstanding, 28,569,346: Class B: 2022: par value $0.10; issued and outstanding, 6,254,715)	3,534	3,482
Additional paid-in capital	484,532	478,439
Retained earnings	108,029	21,199
Total shareholders' equity	596,095	503,120
Total liabilities and equity	$ 1,735,307	$ 1,580,381

About Greenlight Capital Re Ltd

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products. The company markets its products through reinsurance brokers. Greenlight Capital Re, Ltd. was incorporated in 2004 and is headquartered in Grand Cayman, the Cayman Islands.

CEO	Mr. Simon Burton
WEBSITE	https://greenlightre.com
INDUSTRY	Insurance Property & Casualty
EMPLOYEES	48

Greenlight Capital Re Ltd Frequently Asked Questions

What is the ticker symbol for Greenlight Capital Re Ltd? What does GLRE stand for in stocks?

GLRE is the stock ticker symbol of Greenlight Capital Re Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Greenlight Capital Re Ltd (GLRE)?

As of Fri Apr 26 2024, market cap of Greenlight Capital Re Ltd is 425.76 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GLRE stock?

You can check GLRE's fair value in chart for subscribers.

What is the fair value of GLRE stock?

You can check GLRE's fair value in chart for subscribers. The fair value of Greenlight Capital Re Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Greenlight Capital Re Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GLRE so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Greenlight Capital Re Ltd a good stock to buy?

The fair value guage provides a quick view whether GLRE is over valued or under valued. Whether Greenlight Capital Re Ltd is cheap or expensive depends on the assumptions which impact Greenlight Capital Re Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GLRE.

What is Greenlight Capital Re Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 26 2024, GLRE's PE ratio (Price to Earnings) is 4.9 and Price to Sales (PS) ratio is 0.64. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GLRE PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Greenlight Capital Re Ltd's stock?

In the past 10 years, Greenlight Capital Re Ltd has provided -0.092 (multiply by 100 for percentage) rate of return.