Greenlight Reinsurance (GLRE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Greenlight Reinsurance

NasdaqGS•Financial Services•Insurance - Reinsurance

$15.42-0.06(<0.01%)Market closed

Market Cap

$500.27M

P/E

9.8x

P/S

0.7x

P/B

0.7x

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. It operates through Open Market and Innovations segments. The company offers casualty reinsurance, such as automobile liability and general liability. It also provides coverages for casualty, including general liability, umbrella, multiline casualty, and workers' compensation; financial, such as mortgage, trade credit, surety, transactional liability, and financial multiline; health, which include primarily accident and critical illness; multiline comprising FAL business, coupled with multiline commercial and personal auto liability, BOP, and multiline commercial; property, including commercial property and property catastrophe; and specialty products and services, such as agriculture, cyber, marine and energy, aviation and space, specialty multiline, and WPVT which covers losses relating to war, political violence, and terrorism. 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.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Balance Sheet & Red Flags (21/25); weakest: Growth (14/25).

Profitability14/25

Growth14/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality21/25

Strengths

Rising free cash flowRising earningsLow leverageConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 9.8x5y range 3.5x – 43.4x

Currently near its 19-quarter median.

P/S · 0.7x5y range 0.4x – 0.8x

Currently near its 20-quarter median.

P/B · 0.7x5y range 0.5x – 0.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $500.27M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $683.49M
Q. Revenue: $137.46M
TTM EBITDA: $53.15M
TTM Op. Income: $53.15M
Q. Op. Income: $-29.44M
TTM Net Income: $51.03M
Q. Net Income: $-29.60M
EPS: $-0.89
Shares Out.: $33.11M

$683.49M in TTM revenue declined 2.8% YoY, reaching $137.46M last quarter. TTM EBITDA of $53.15M and TTM operating income of $53.15M show growth is flowing through to the bottom line. TTM net income of $51.03M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: -21.4%
Op. Margin: -21.4%
Net Margin: -21.5%

Op. margin of -21.4% is down 21.8% YoY — costs are rising relative to revenue. Net margin at -21.5% Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 9.8x
P/S Ratio: 0.7x
P/B Ratio: 0.7x

At 9.8x P/E, the stock trades below typical market levels. P/S of 0.7x and P/B of 0.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 7 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $2.24B
Cash: $76.32M
Long-Term Debt: $8.75M
Book Value: $697.68M
D/E Ratio: 0.0
Debt/EBITDA: N/A

With $2.24B in assets and $8.75M in long-term debt, D/E is 0.0and book value is $697.68M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 86% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $31.42M
TTM Free Cash Flow: $199.53M
FCF Margin: 29.2%
FCF / Net Income: 3.9

TTM FCF of $199.53M on $31.42M in operating cash flow. The FCF / Net Income ratio of 3.9x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 34% — a weakening trend.