Greenlight Reinsurance, Ltd.
Description
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.
About
CEO
Mr. Greg Richardson
Employees
64
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Reinsurance
MIC code
XNGS
Address
65 Market Street, Grand Cayman, KY1-1205, Cayman Islands
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Mar 3, 2025 | 0.59 | — | — | — |
| Nov 5, 2024 | 0.65 | 1.01 | 0.36 | 55.38% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
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|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | 0.78 | — | 2.25 |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 638.39M | 471.84M | 570.46M | 478.82M | 491.40M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 23.65M | 17.79M | 29.37M | 26.40M | 29.82M |
| Other operating expenses | — | — | — | -3.15M | -2.31M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 8.03M | 10.92M | 17.92M | 6.28M | 6.26M |
| Other income expense | 6.31M | -5.79M | 660,000 | 3.15M | 2.31M |
| Pretax income | 86.93M | 24.53M | 21.32M | 4.29M | -3.50M |
| Tax provision | 100,000 | -816,000 | 3.75M | 424,000 | 483,000 |
| Net income | 86.83M | 25.34M | 17.58M | 3.87M | -3.99M |
| Basic EPS | 2.55 | 0.75 | 0.51 | 0.11 | -0.11 |
| Diluted EPS | 2.50 | 0.73 | 0.51 | 0.11 | -0.11 |
| Basic average shares | 34.07M | 33.79M | 34.47M | 36.17M | 36.08M |
| Diluted average shares | 34.07M | 33.79M | 34.47M | 36.17M | 36.08M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 86.83M | 25.34M | 17.58M | 3.87M | -3.99M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 51.08M | 38.24M | 76.31M | 8.94M | 25.81M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 645.09M | 518.79M | 416.47M | 347.08M | 257.92M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | 17.26M | 18.15M | 42,000 | — | 901,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 258.89M | 178.20M | 183.59M | 166.74M | 240.06M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 68.98M | 105.14M | 91.22M | 92.25M | 122.67M |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 73.28M | 80.53M | 98.06M | 95.79M | 93.51M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 3.53M | 3.48M | 3.38M | 3.45M | 3.70M |
| Retained earnings | 108.03M | 21.20M | -9.51M | -27.08M | -30.06M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 596.10M | 503.12M | 475.66M | 464.86M | 477.18M |
| Additional paid in capital | 484.53M | 478.44M | 481.78M | 488.49M | 503.55M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||
| Net Income | 86.83M | 25.34M | 17.58M | 3.87M | -3.99M | -354.33M | -44.37M | 46.70M | -326.43M | 109.59M | 225.70M | 14.60M | 6.77M | 90.64M | 209.55M | -120.90M | 35.33M | 57.00M | 26.27M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 6.15M | 4.68M | 3.23M | 2.48M | 3.88M | 4.62M | 4.85M | 3.97M | 4.27M | 3.96M | 3.68M | 3.69M | 2.93M | 4.09M | 3.41M | 3.00M | 2.88M | 2.86M | — |
| Other Non-Cash Items | 923,000 | 282,000 | — | -750,000 | — | — | — | -206.02M | 269.68M | 176.37M | -151.12M | -63.62M | — | -44.07M | -191.59M | 126.43M | -23.72M | -78.19M | -59.89M |
| Accounts Receivable | -127.22M | -102.61M | -69.38M | -89.30M | 86.04M | -12.74M | -109.39M | -30.52M | -84.03M | 21.46M | 23.50M | -36.64M | -49.49M | -31.53M | -23.18M | -15.72M | -24.46M | -19.62M | -702,000 |
| Accounts Payable | -36.15M | 13.91M | -1.02M | -30.42M | -16.55M | -4.84M | 102.64M | 23.09M | 7.52M | 1.58M | 3.50M | 3.10M | 18.22M | -14.14M | -377,000 | — | — | 73.80M | 5.50M |
| Other Assets & Liabilities | 5.51M | -1.68M | -1.46M | -2.67M | 2.13M | -4.94M | -3.41M | 3.97M | -4.02M | 1.74M | 1.08M | 2.12M | -3.11M | -367,000 | 5.32M | 526,000 | -224.38M | -59.69M | 3.82M |
| Operating Cash Flow | -63.96M | -60.07M | -51.06M | -116.80M | 71.52M | -372.22M | -49.68M | -158.81M | -133.00M | 314.71M | 106.34M | -76.75M | -24.69M | 4.64M | 3.14M | -6.67M | -234.35M | -23.84M | -25.00M |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | -1.04M | — | -460,000 | — | -1.48M | — | — | -162,000 | -40,000 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -52.00M | 60.24M | 1.23M | — | -1.28M | -13.65M | 2.08M | -7.76M | — | -9.50M | -10.76M | -7.74M | -4.96M | 11.42M | — | — | — | — | — |
| Purchase of Investments | -7.14M | -13.22M | -5.00M | -82.59M | -50.14M | -800.47M | -1.15B | -1.37B | -1.28B | -1.62B | -995.19M | -901.17M | -899.55M | -534.30M | -1.23B | -1.57B | — | — | — |
| Sale of Investments | — | 125.37M | 136.59M | 158.35M | 114.08M | 1.14B | 1.12B | 1.49B | 1.40B | 1.84B | 1.02B | 942.76M | 861.62M | 545.61M | 1.45B | 1.41B | — | — | — |
| Investing Cash Flow | -53.13M | 172.38M | 159.68M | 95.63M | 63.33M | -845.26M | 201.71M | -67.41M | 177.69M | 142.04M | 74.02M | 29.88M | 22.66M | -24.67M | -112.73M | -13.58M | — | -162,000 | -40,000 |
| Financing Activities | |||||||||||||||||||
| Long-Term Debt Issuance | 75.00M | — | — | — | — | 96.58M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -80.29M | -19.79M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 16.69M | 8.33M |
| Other Financing Charges | — | — | — | — | — | — | — | — | 83,000 | — | — | — | — | — | -440,000 | 12,000 | -500,000 | 16.69M | 8.33M |
| Financing Cash Flow | -5.29M | -19.83M | -10.00M | -17.78M | — | 80.07M | -2.82M | — | -17.61M | — | — | — | 8,000 | — | -412,000 | -2.31M | 255.21M | 37.65M | 16.65M |
| Other Cash Details | |||||||||||||||||||
| End Cash Position | 655.73M | 706.55M | 711.10M | 754.31M | 767.91M | 703.23M | 1.53B | 1.24B | 112.16M | 12.03M | 3.72M | 21.89M | 42.28M | 45.54M | 31.72M | 94.14M | 64.19M | 82.70M | 7.22M |
| Income Tax Paid | — | 664,000 | 3.70M | — | — | 4,000 | — | — | — | — | 531,000 | 216,000 | 499,000 | 92,000 | — | — | — | — | — |
| Interest Paid | 5.12M | 4.12M | 4.00M | 4.00M | 3.93M | 11.09M | 10.06M | 7.82M | 21.96M | 21.48M | 23.74M | 23.51M | 15.88M | 10.94M | 5.63M | 14.10M | 3.70M | 2.12M | — |
| Free Cash Flow | 7.51M | -31.80M | -56.30M | -91.32M | 1.63M | -59.31M | 94.42M | -35.79M | -57.45M | -133.73M | -93.74M | -50.59M | -26.38M | 38.46M | 48.53M | 45.82M | -273.72M | 54.49M | -31.77M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Russell 2000 ETF | Nov 30, 2024 | 811,843 | 11.18M | 2.33% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 806,488 | 11.11M | 2.32% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 503,024 | 6.93M | 1.44% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 410,347 | 5.65M | 1.18% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 377,060 | 5.19M | 1.08% |
| Columbia Fds Ser Tr I-Columbia Small Cap Value Fd I | Oct 31, 2024 | 362,096 | 4.99M | 1.04% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 311,436 | 4.29M | 0.89% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 280,960 | 3.87M | 0.81% |
| iShares Russell 2000 Value ETF | Nov 30, 2024 | 271,931 | 3.74M | 0.78% |
| Dimensional ETF Tr-Dimensional U.S. Targeted Value ETF | Oct 31, 2024 | 193,353 | 2.66M | 0.56% |
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