GLRE
Financial ServicesGreenlight Capital Re, Ltd. · Insurance - Reinsurance · $580M
What is Greenlight Capital Re, Ltd.?
Greenlight Capital Re is a global property and casualty reinsurer incorporated in 2004 and headquartered in Grand Cayman, Cayman Islands. It operates through reinsurance brokers, serving clients across multiple lines worldwide.
The company underwrites property and casualty reinsurance across a broad range of lines. On the property side, it covers automobile physical damage, personal lines, and commercial lines. Its casualty book spans general liability, motor liability, professional liability, and workers' compensation. It also writes specialty lines including cyber, marine, aviation, crop, and political risk products, distributing all of these through reinsurance brokers.
Greenlight Capital Re was incorporated in 2004 and is headquartered in Grand Cayman, Cayman Islands.
- Property reinsurance — auto physical damage, personal and commercial lines
- Casualty reinsurance — general liability, motor liability, professional liability, workers' compensation
- Specialty lines — cyber, marine, aviation, crop, and political risk
- Accident, health, and transactional liability products
Is GLRE a Good Stock to Buy?
UQS Score rates GLRE as Below Average overall, reflecting meaningful headwinds across several key quality dimensions.
The Risk pillar stands out as the relative bright spot in GLRE's profile, suggesting the balance sheet carries a manageable level of financial risk. Valuation is rated Attractive, meaning the stock does not appear richly priced relative to its fundamentals — a potential consideration for patient, value-oriented investors.
Both the Moat and Growth pillars are rated Weak, pointing to limited competitive differentiation and constrained earnings expansion prospects within a competitive reinsurance landscape.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does GLRE pay dividends?
No — Greenlight Capital Re, Ltd. does not currently pay a dividend.
GLRE does not currently pay a dividend. For a reinsurer of its size, retaining capital to support underwriting capacity and investment flexibility is a common strategic choice. Income-focused investors should note the absence of a dividend and factor that into their total-return expectations.
When does GLRE report earnings?
Greenlight Capital Re reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Reinsurance results can swing materially with catastrophe activity and investment portfolio performance, both of which influence GLRE's reported outcomes. The company's combined ratio and investment returns are the primary drivers to watch each quarter.
For the most recent quarter's results and management commentary, visit Greenlight Capital Re's investor relations page directly.
GLRE Price History
+99.6% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Greenlight Capital Re, Ltd.?
Based on Greenlight Capital Re, Ltd.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
GLRE Long-term Outlook
GLRE's Growth pillar is rated Weak, suggesting the near-term earnings trajectory faces meaningful obstacles — including competitive reinsurance pricing cycles and the inherent volatility of catastrophe-exposed books. The Good Risk rating provides some reassurance that the company is not taking on excessive balance-sheet leverage, but a Weak Moat limits the pricing power that would otherwise support durable expansion.
Growth drivers
- Specialty lines expansion — cyber, political risk, and transactional liability represent growing demand segments
- Disciplined underwriting in a hardening reinsurance market could improve combined ratios over time
- Attractive Valuation rating may limit downside if fundamentals stabilize
Key risks
- Catastrophe losses can materially impair property reinsurance results in any given period
- Weak Moat rating signals limited pricing power relative to larger, better-capitalized reinsurers
- Investment portfolio volatility — a hallmark of GLRE's structure — can amplify earnings swings
GLRE vs Peers
GLRE competes in the specialty and property-casualty reinsurance space alongside several other smaller reinsurers.
SiriusPoint operates at a larger scale with a broader global reinsurance and insurance platform, giving it more diversified premium sources than GLRE.
Hamilton focuses on specialty insurance and reinsurance with a technology-forward underwriting approach that differentiates its risk selection model.
Oxbridge Re is a micro-cap reinsurer concentrated in Gulf Coast catastrophe risk, making it far more geographically focused than GLRE's diversified global book.
Frequently Asked Questions
What does Greenlight Capital Re do?
Greenlight Capital Re is a property and casualty reinsurer that assumes risk from primary insurers across property, casualty, and specialty lines. It distributes its products through reinsurance brokers and operates globally from its base in Grand Cayman.
Does GLRE pay dividends?
No, GLRE does not currently pay a dividend. The company retains capital to support its underwriting operations and investment activities. Investors seeking regular income should factor this into their assessment.
When does GLRE report earnings?
Greenlight Capital Re reports on a quarterly cadence. Specific dates vary each quarter — check the company's investor relations page or a financial calendar for the most current schedule.
Is GLRE a good stock to buy?
UQS Score rates GLRE as Below Average overall. While the Risk pillar is Good and Valuation is Attractive, Weak scores in Moat and Growth suggest meaningful challenges. The full pillar breakdown is available to UQS Pro members.
Is GLRE overvalued?
The UQS Valuation pillar for GLRE is rated Attractive, suggesting the stock is not trading at a premium relative to its fundamentals. For small-cap reinsurers, valuation can shift quickly with catastrophe seasons and investment results.
How does GLRE compare to its competitors?
Compared to peers like SiriusPoint and Hamilton Insurance Group, GLRE is a smaller, more concentrated reinsurer. Its investment-driven structure and specialty lines mix distinguish it, though its Weak Moat rating suggests it faces real competitive pressure from larger players.
What is GLRE's market cap bracket?
GLRE is classified as a small-cap company. This places it among the smaller publicly traded reinsurers, which typically means less analyst coverage and potentially higher price volatility than large-cap peers.
Who founded Greenlight Capital Re?
Greenlight Capital Re was founded by David Einhorn, the well-known hedge fund manager behind Greenlight Capital. The company was incorporated in 2004 and structured to combine reinsurance underwriting with an investment portfolio managed in a hedge-fund style.
Is GLRE a long-term quality investment?
From a long-term quality standpoint, GLRE's Below Average UQS Score — driven by Weak Moat and Growth pillars — raises questions about durable competitive advantage. The Good Risk and Attractive Valuation ratings offer partial offsets, but long-term quality indicators remain mixed.
What is the main competitive advantage of Greenlight Capital Re?
GLRE's historical differentiator has been its investment portfolio, managed with a value-oriented hedge-fund approach. However, the UQS Moat pillar is rated Weak, indicating this advantage has not translated into a durable structural edge over reinsurance peers.
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Pro Analysis
GLRE — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 52.5 | 59.2 | 22.0 | 38.6 | 70.0 | 93.5 | +0.2 |
| May 19, 2026 | 52.3 | 59.2 | 22.0 | 38.6 | 70.0 | 92.0 | +1.3 |
| May 7, 2026 | 51.0 | 56.7 | 22.0 | 38.6 | 63.6 | 93.7 | 0.0 |
| May 3, 2026 | 51.0 | 56.7 | 22.0 | 38.6 | 63.6 | 93.9 | +0.3 |
| Apr 26, 2026 | 50.7 | 56.7 | 22.0 | 38.6 | 63.6 | 91.6 | -0.1 |
| Apr 25, 2026 | 50.8 | 56.7 | 22.0 | 38.6 | 63.6 | 92.5 | +0.4 |
| Apr 19, 2026 | 50.4 | 56.7 | 22.0 | 38.6 | 63.6 | 89.8 | -0.2 |
| Apr 14, 2026 | 50.6 | 56.7 | 22.0 | 38.6 | 63.6 | 91.2 | +0.2 |
| Apr 12, 2026 | 50.4 | 56.7 | 22.0 | 38.6 | 63.6 | 89.9 | -0.2 |
| Apr 5, 2026 | 50.6 | 56.7 | 22.0 | 38.6 | 63.6 | 91.4 | -0.2 |
GLRE — Pillar Breakdown
Quality
— 59.2/100 (25%)Greenlight Capital Re, Ltd. shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 38.6/100 (20%)Greenlight Capital Re, Ltd. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 70.0/100 (15%)Greenlight Capital Re, Ltd. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 93.7/100 (15%)Greenlight Capital Re, Ltd. appears attractively valued relative to its earnings, cash flows, and sector peers.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
Enterprise value multiple relative to sector median.
Moat
— 22/100 (25%)Greenlight Capital Re, Ltd. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for GLRE.
Score Composition
Financial Data
More Stock Analysis
How is the GLRE UQS Score Calculated?
The UQS (Unified Quality Score) for Greenlight Capital Re, Ltd. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Greenlight Capital Re, Ltd.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Greenlight Capital Re, Ltd. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.