Greenlight Capital Re, Ltd. Class A (GLRE)

As of January 30, 2026, Greenlight Capital Re's stock price was $13.88, with a 52-week range of $11.56 to $15.06. In 2024, the company's revenue increased by 7.08% to $701.63 million, while earnings decreased by 50.69% to $42.82 million. Through the first nine months of 2025, the company reported gross premiums written of $612.0 million and a combined ratio of 95.4%. Its fully diluted book value per share increased by 5.3% to $18.90 year-to-date. However, the investment engine faced headwinds in Q3 2025, leading to a net loss of $4.4 million despite a net underwriting income of $22.3 million. For January 2026, Solasglas reported an investment gain of 3.4%, representing an estimated investment income of $16.3 million to the companies.

The reinsurance business is historically cyclical, characterized by periods of intense price competition and periods where capacity shortages lead to favorable premium levels and changes in terms and conditions. The supply of available reinsurance capital can fluctuate, impacting pricing and participation levels in certain reinsurance products.

Greenlight Capital Re Ltd. operates as a specialist property and casualty reinsurance company globally, combining disciplined underwriting with a value-oriented investment strategy. The company operates through two segments: Open Market, which underwrites treaty reinsurance on both proportional and non-proportional bases, and Innovations, which provides reinsurance capacity to startup companies and MGAs globally.

Greenlight Capital Re Ltd. operates worldwide and is headquartered in Grand Cayman, the Cayman Islands. It has licensed and regulated reinsurance entities in the Cayman Islands and Ireland, and operates through its Lloyd's platform, Greenlight Innovation Syndicate 3456. In 2020, Greenlight Re established a UK marketing company, Greenlight Re UK, to enhance its presence in the London market.

On September 29, 2023, A.M. Best re-affirmed an "A- (Excellent)" rating with a stable outlook for Greenlight Re's two principal operating subsidiaries, GLRE and GRIL. On November 13, 2025, AM Best upgraded the Financial Strength Rating of Greenlight Reinsurance, Ltd.

Greenlight Capital Re Ltd. has a concentrated ownership structure, with institutional holders and company insiders controlling the majority of the stock. The company was founded by the hedge fund Greenlight Capital, with its principal, David Einhorn, serving as the Chairman of the Board. Daniel Roitman, Chief Operating Officer and partner of Greenlight Capital, Inc. and DME Advisors, LP, has been a director on Greenlight Re's Board since July 2023.