Greenlight Capital Re, Ltd. (GLRE) AI Stock Analysis

Established in 2004 and based in Grand Cayman, Greenlight Capital Re, Ltd. operates globally as a property and casualty reinsurance company. Its property reinsurance lines cover automobile physical damage, personal lines, and commercial lines, while its casualty reinsurance offerings include general liability, motor liability, professional liability, and worker's compensation. The company also provides coverage for accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, energy, aviation, crop, cyber, political, and terrorism risks. It operates primarily through reinsurance brokers to serve clients across varied industries and geographic regions, while monitoring developments in the cryptocurrency sector.

Greenlight Capital Re grew revenue from $570.5M in FY2021 to $696.3M in FY2025, reflecting a 5-year revenue CAGR of 7.8%. Annual net income fluctuated from $17.6M in FY2021 to $25.3M in FY2022, $86.8M in FY2023, $42.8M in FY2024, and $74.8M in FY2025. Over the same period, gross margin expanded from 8.9% in FY2021 to 40.9% in FY2025, and operating margin rose from 3.7% to 11.2%. For the latest quarter ended June 30, 2026, quarterly revenue fell 10.3% year-over-year, while quarterly earnings grew 22.1%. Trailing twelve months revenue totaled $691.1M with an operating margin of -20.8%.

As of June 30, 2026, Greenlight Capital Re held $603.1M in cash and short-term investments against total debt of $8.8M, resulting in a net cash position of $594.4M. The company reported shareholders' equity of $697.7M, total assets of $2.24B, a debt-to-equity ratio of 0.01, and a current ratio of 1.10. Operating cash flow reached $210.2M in FY2025, matching its free cash flow of $210.2M. Capital allocation in FY2025 included $9.8M directed toward share buybacks, contributing to a 3.3% reduction in share count over 5 years.

At $14.82 per share, Greenlight Capital Re carries a market capitalization of $483.7M and an enterprise value of $423.4M. Its trailing P/E of 10.0x and forward P/E of 4.6x sit below the median of its US-listed Financial Services peers, which trade at a trailing P/E of 12.1x and forward P/E of 10.8x. The stock trades at a price-to-sales ratio of 0.7x and a price-to-book ratio of 0.7x, compared to the peer median price-to-sales ratio of 3.2x. Over the past year, the stock returned 21.1%, exceeding the 16.8% return for the S&P 500 (SPY).

Wall Street analysts maintain a mean price target of $1.00 for GLRE, representing a target 93.3% below its last close of $14.82. Over the last four quarters, the company beat earnings per share estimates 1 time. The company's next earnings release is scheduled for November 2, 2026.

This page is an AI-written research summary of Greenlight Capital Re, Ltd. (GLRE). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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