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

13.26USD+0.15 (+1.14%)Market Closed

Market Summary

USD13.26+0.15

Market Closed

1.14%

GLRE Alerts

1 major insider sales recently.

Big jump in Earnings (Y/Y)

GLRE Stock Price

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GLRE RSI Chart

GLRE Valuation

Market Cap

468.4M

Price/Earnings (Trailing)

4.34

Price/Sales (Trailing)

0.67

EV/EBITDA

22.44

Price/Free Cashflow

17.52

GLRE Price/Sales (Trailing)

GLRE Profitability

EBT Margin

-2.01%

Return on Equity

17.29%

Return on Assets

5.75%

Free Cashflow Yield

5.71%

GLRE Fundamentals

GLRE Revenue

Revenue (TTM)

703.4M

Rev. Growth (Yr)

23.44%

Rev. Growth (Qtr)

23.04%

GLRE Earnings

Earnings (TTM)

108.0M

Earnings Growth (Yr)

358.96%

Earnings Growth (Qtr)

53.46%

Breaking Down GLRE Revenue

Last 7 days

1.2%

Last 30 days

9.0%

Last 90 days

11.9%

Trailing 12 Months

34.1%

How does GLRE drawdown profile look like?

GLRE Financial Health

GLRE Investor Care

Shares Dilution (1Y)

3.71%

Diluted EPS (TTM)

3.06

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	703.4M	0	0	0
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
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-38.92	-16,182	32,410	-%
May 15, 2024	CORSAIR CAPITAL MANAGEMENT, L.P.	reduced	-1.33	36,628	509,873	0.14%
May 15, 2024	PRICE T ROWE ASSOCIATES INC /MD/	added	3.52	56,000	486,000	-%
May 15, 2024	AQR CAPITAL MANAGEMENT LLC	new	-	213,898	213,898	-%
May 15, 2024	D. E. Shaw & Co., Inc.	reduced	-35.26	-224,043	540,275	-%
May 15, 2024	CITADEL ADVISORS LLC	added	8.95	9,124	57,225	-%
May 15, 2024	GOLDMAN SACHS GROUP INC	reduced	-7.45	14,584	1,395,470	-%
May 15, 2024	MILLENNIUM MANAGEMENT LLC	added	62.89	145,680	332,774	-%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-99.41	-75,274	486	-%
May 15, 2024	Voya Investment Management LLC	reduced	-20.14	-19,836	135,225	-%

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

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
May 14, 2024	DEFA14A	DEFA14A
May 08, 2024	10-Q	Quarterly Report
May 08, 2024	8-K	Current Report
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	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	1.1T	1.3B	1.56%	3220.84%	-5.4K	851.43	-10.27%	-34.69%
AJG	56.3B	10.6B	11.80%	20.14%	51.57	5.3	20.42%	-6.05%
AIG	53.5B	48.4B	11.01%	48.35%	11.07	1.1	-4.15%	-20.63%
TRV	50.3B	42.9B	6.36%	19.84%	16.03	1.17	13.52%	12.15%
AFL	50.2B	19.3B	10.10%	32.07%	9.39	2.6	3.03%	17.35%
ACGL	37.9B	14.4B	11.43%	34.12%	7.82	2.63	32.92%	143.01%
AFG	11.2B	8.0B	7.21%	13.44%	12.7	1.4	11.14%	7.56%
MID-CAP
UNM	10.1B	12.6B	5.84%	14.37%	7.61	0.8	4.24%	-13.40%
AIZ	9.1B	11.4B	3.23%	33.23%	11.93	0.8	9.81%	217.29%
LNC	5.1B	11.9B	12.70%	41.34%	3.81	0.43	-33.27%	234.43%
AEL	3.9B	3.2B	-0.20%	45.14%	5.55	1.23	64.05%	-35.60%
SMALL-CAP
BRP	2.0B	1.3B	23.61%	49.66%	-37.13	1.59	18.74%	30.90%
AMSF	887.3M	308.9M	-4.69%	-15.41%	14.38	2.87	3.79%	10.94%
AMBC	818.6M	314.0M	28.73%	23.89%	14.24	2.61	-29.20%	-88.19%
AAME	35.5M	187.5M	-11.22%	-20.55%	-49.09	0.19	2.74%	73.83%

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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	23.0%	191,313,000	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
S&GA Expenses	-100.0%	-	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
EBITDA Margin	6.9%	-0.01	-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
Interest Expenses	151.9%	1,724,000	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
Income Taxes	4818.2%	519,000	-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
Earnings Before Taxes	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,397,000	4,961,000	15,220,000	5,979,000
EBT Margin	5.2%	-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	-0.02	-0.03	-0.03	-0.03	-0.02	0.04	-0.19	-0.38
Net Income	53.5%	27,019,000	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
Net Income Margin	17.9%	0.15	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	-0.65	-1.06	-1.38
Free Cashflow	-18.9%	17,960,000	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

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	8.2%	1,877	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
Cash Equivalents	1158.4%	643	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
Liabilities	9.9%	1,253	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
Shareholder's Equity	4.8%	624	596	576	481	479	503	467	5.00	3.00	476	451	467	472	3.00	427	430	4.00	477	507	502	484
Retained Earnings	25.0%	135	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
Additional Paid-In Capital	0.3%	486	485	482	481	479	478	477	476	475	482	481	483	489	488	492	498	504	504	503	502	501
Shares Outstanding	0.0%	35.00	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	-
Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-18.9%	17,960	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
Share Based Compensation	-48.8%	1,344	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
Cashflow From Investing	2.5%	-29,832	-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
Cashflow From Financing	-Infinity%	-938	-	11,793	-	-17,085	-13,409	-6,419	-	-	-	-3,252	-	-	-5,110	-4,899	-	-	-	-	-80,073	-
Buy Backs	-	-	-	-	-	-	-	1.00	-	-	-	3,216	6,675	-	5,110	71.00	116	-	-	-	-16,503	-

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GLRE Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues
Gross premiums written	$ 217,258	$ 186,455
Gross premiums ceded	(23,181)	(11,212)
Net premiums written	194,077	175,243
Change in net unearned premium reserves	(32,541)	(32,594)
Net premiums earned	161,536	142,649
Income (loss) from investment in related party investment fund (net of related party expenses - Note 3)	18,248	(3,138)
Net investment income	8,143	8,378
Foreign exchange gains (losses)	(1,649)	4,931
Other income, net	5,035	2,166
Total revenues	191,313	154,986
Expenses
Net loss and loss adjustment expenses incurred	109,326	96,725
Acquisition costs	41,610	41,476
General and administrative expenses	10,714	9,936
Deposit interest expense	876	132
Interest expense	1,249	776
Total expenses	163,775	149,045
Income before income tax	27,538	5,941
Income tax expense	(519)	(54)
Net income	$ 27,019	$ 5,887
Earnings (loss) per share ("EPS"):
Basic (in dollars per share)	$ 0.79	$ 0.17
Diluted (in dollars per share)	$ 0.78	$ 0.17
Weighted average number of ordinary shares used in the determination of EPS:
Basic (in shares)	34,272,230	34,059,185
Diluted (in shares)	34,653,381	38,231,607

GLRE Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Investments
Investment in related party investment fund, at fair value	$ 307,138	$ 258,890
Other investments	72,656	73,293
Total investments	379,794	332,183
Cash and cash equivalents	61,598	51,082
Restricted cash and cash equivalents	581,208	604,648
Reinsurance balances receivable (net of allowance for expected credit losses of 2024: $865 and 2023: $854)	693,742	619,401
Loss and loss adjustment expenses recoverable (net of allowance for expected credit losses of 2024: $701 and 2023: $487)	44,765	25,687
Deferred acquisition costs	84,891	79,956
Unearned premiums ceded	25,202	17,261
Other assets	5,769	5,089
Total assets	1,876,969	1,735,307
Liabilities
Loss and loss adjustment expense reserves	730,655	661,554
Unearned premium reserves	348,631	306,310
Reinsurance balances payable	71,640	68,983
Funds withheld	20,796	17,289
Other liabilities	8,323	11,795
Debt	72,466	73,281
Total liabilities	1,252,511	1,139,212
Commitments and Contingencies (Note 15)
Shareholders' equity
Preferred share capital (par value $0.10; none issued)	0	0
Ordinary share capital (par value $0.10; issued and outstanding, 35,321,144 (2023: par value $0.10; issued and outstanding, 35,336,732)	3,532	3,534
Additional paid-in capital	485,878	484,532
Retained earnings	135,048	108,029
Total shareholders' equity	624,458	596,095
Total liabilities and equity	$ 1,876,969	$ 1,735,307

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 May 17 2024, market cap of Greenlight Capital Re Ltd is 468.36 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 May 17 2024, GLRE's PE ratio (Price to Earnings) is 4.34 and Price to Sales (PS) ratio is 0.67. 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 -0.082 (multiply by 100 for percentage) rate of return.