Greenlight Capital Re Ltd
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 liability, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, umbrella, multiline casualty, and worker's com… Read more
Greenlight Capital Re Ltd (GLRE) - Net Assets
Latest net assets as of September 2025: $658.89 Million USD
Based on the latest financial reports, Greenlight Capital Re Ltd (GLRE) has net assets worth $658.89 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.13 Billion) and total liabilities ($1.48 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $658.89 Million |
| % of Total Assets | 30.87% |
| Annual Growth Rate | 5.45% |
| 5-Year Change | 36.79% |
| 10-Year Change | -25.08% |
| Growth Volatility | 28.4 |
Greenlight Capital Re Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Greenlight Capital Re Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Greenlight Capital Re Ltd (2005–2024)
The table below shows the annual net assets of Greenlight Capital Re Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $635.88 Million | +6.67% |
| 2023-12-31 | $596.10 Million | +18.48% |
| 2022-12-31 | $503.12 Million | +5.77% |
| 2021-12-31 | $475.66 Million | +2.32% |
| 2020-12-31 | $464.86 Million | -2.58% |
| 2019-12-31 | $477.18 Million | -0.48% |
| 2018-12-31 | $479.46 Million | -43.69% |
| 2017-12-31 | $851.43 Million | -4.52% |
| 2016-12-31 | $891.69 Million | +5.06% |
| 2015-12-31 | $848.77 Million | -27.15% |
| 2014-12-31 | $1.17 Billion | +7.26% |
| 2013-12-31 | $1.09 Billion | +26.25% |
| 2012-12-31 | $860.41 Million | +1.74% |
| 2011-12-31 | $845.70 Million | +0.78% |
| 2010-12-31 | $839.16 Million | +15.07% |
| 2009-12-31 | $729.24 Million | +48.39% |
| 2008-12-31 | $491.44 Million | -18.85% |
| 2007-12-31 | $605.58 Million | +93.99% |
| 2006-12-31 | $312.17 Million | +34.66% |
| 2005-12-31 | $231.82 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Greenlight Capital Re Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 356.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $150.84 Million | 23.72% |
| Common Stock | $3.48 Million | 0.55% |
| Other Components | $481.55 Million | 75.73% |
| Total Equity | $635.88 Million | 100.00% |
Greenlight Capital Re Ltd Competitors by Market Cap
The table below lists competitors of Greenlight Capital Re Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Predictive Discovery Limited
PINK:PDIYF
|
$435.08 Million |
|
Uranium Royalty Corp
NASDAQ:UROY
|
$435.19 Million |
|
AdvanSix Inc
NYSE:ASIX
|
$435.20 Million |
|
Inly Media Co Ltd
SHG:603598
|
$435.26 Million |
|
Shenzhen Jiawei Photovoltaic Lighting Co Ltd
SHE:300317
|
$435.06 Million |
|
Mill City Ventures III Ltd
NASDAQ:MCVT
|
$435.00 Million |
|
Harim Holdings Co. Ltd
KQ:003380
|
$434.99 Million |
|
Zhejiang Yueling Co Ltd
SHE:002725
|
$434.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Greenlight Capital Re Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 596,095,000 to 635,879,000, a change of 39,784,000 (6.7%).
- Net income of 42,816,000 contributed positively to equity growth.
- Dividend payments of 42,500,000 reduced retained earnings.
- Share repurchases of 7,488,000 reduced equity.
- Other factors increased equity by 46,956,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $42.82 Million | +6.73% |
| Dividends Paid | $42.50 Million | -6.68% |
| Share Repurchases | $7.49 Million | -1.18% |
| Other Changes | $46.96 Million | +7.38% |
| Total Change | $- | 6.67% |
Book Value vs Market Value Analysis
This analysis compares Greenlight Capital Re Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.54x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $10.94 | $16.89 | x |
| 2006-12-31 | $14.55 | $16.89 | x |
| 2007-12-31 | $19.65 | $16.89 | x |
| 2008-12-31 | $13.49 | $16.89 | x |
| 2009-12-31 | $19.02 | $16.89 | x |
| 2010-12-31 | $21.31 | $16.89 | x |
| 2011-12-31 | $21.54 | $16.89 | x |
| 2012-12-31 | $21.99 | $16.89 | x |
| 2013-12-31 | $27.98 | $16.89 | x |
| 2014-12-31 | $30.76 | $16.89 | x |
| 2015-12-31 | $22.51 | $16.89 | x |
| 2016-12-31 | $23.41 | $16.89 | x |
| 2017-12-31 | $22.47 | $16.89 | x |
| 2018-12-31 | $13.28 | $16.89 | x |
| 2019-12-31 | $13.23 | $16.89 | x |
| 2020-12-31 | $12.81 | $16.89 | x |
| 2021-12-31 | $13.85 | $16.89 | x |
| 2022-12-31 | $12.65 | $16.89 | x |
| 2023-12-31 | $17.13 | $16.89 | x |
| 2024-12-31 | $18.35 | $16.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Greenlight Capital Re Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.61%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 3.17x
- Recent ROE (6.73%) is above the historical average (0.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 11.33% | 89.77% | 0.09x | 1.41x | $3.08 Million |
| 2006 | 18.26% | 66.16% | 0.17x | 1.66x | $25.78 Million |
| 2007 | 5.83% | 28.11% | 0.11x | 1.81x | $-25.23 Million |
| 2008 | -25.15% | 0.00% | -0.01x | 1.97x | $-170.61 Million |
| 2009 | 29.99% | 50.00% | 0.26x | 2.32x | $139.68 Million |
| 2010 | 11.42% | 23.20% | 0.17x | 2.95x | $11.30 Million |
| 2011 | 0.84% | 1.68% | 0.17x | 2.92x | $-73.54 Million |
| 2012 | 1.78% | 2.68% | 0.20x | 3.31x | $-67.57 Million |
| 2013 | 21.46% | 29.53% | 0.25x | 2.94x | $120.54 Million |
| 2014 | 9.41% | 22.84% | 0.16x | 2.57x | $-6.92 Million |
| 2015 | -39.55% | -265.28% | 0.05x | 3.29x | $-408.96 Million |
| 2016 | 5.13% | 7.63% | 0.22x | 3.05x | $-42.54 Million |
| 2017 | -5.41% | -6.96% | 0.19x | 4.04x | $-128.08 Million |
| 2018 | -73.34% | -143.55% | 0.17x | 3.01x | $-397.78 Million |
| 2019 | -0.84% | -0.81% | 0.36x | 2.84x | $-51.70 Million |
| 2020 | 0.83% | 0.81% | 0.35x | 2.92x | $-42.62 Million |
| 2021 | 3.70% | 3.08% | 0.40x | 3.00x | $-29.99 Million |
| 2022 | 5.04% | 5.31% | 0.30x | 3.14x | $-24.97 Million |
| 2023 | 14.57% | 13.73% | 0.36x | 2.91x | $27.22 Million |
| 2024 | 6.73% | 6.61% | 0.32x | 3.17x | $-20.77 Million |
Industry Comparison
This section compares Greenlight Capital Re Ltd's net assets metrics with peer companies in the Insurance - Reinsurance industry.
Industry Context
- Industry: Insurance - Reinsurance
- Average net assets among peers: $2,403,410,444
- Average return on equity (ROE) among peers: 10.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenlight Capital Re Ltd (GLRE) | $658.89 Million | 11.33% | 2.24x | $435.07 Million |
| American Overseas Group Ltd (AOREF) | $45.88 Million | 20.49% | 18.04x | $3.88 Million |
| Conduit Holdings Limited (CNDHF) | $867.20 Million | -5.06% | 0.40x | $631.85 Million |
| COFACE SA (COFAF) | $2.05 Billion | 11.71% | 2.85x | $1.65 Billion |
| Everest Group Ltd (EG) | $6.10 Billion | 13.23% | 1.95x | $9.67 Billion |
| GEROVA Financial Group Ltd (GVFG) | $71.50 Million | 0.47% | 0.62x | $5.00 |
| Hamilton Insurance Group, Ltd. (HG) | $2.05 Billion | 12.63% | 2.26x | $1.35 Billion |
| Hannover Rück SE (HVRRF) | $6.53 Billion | 13.71% | 7.26x | $18.13 Billion |
| Hannover Re (HVRRY) | $2.90 Billion | 20.80% | 13.28x | $2.89 Billion |
| Maiden Holdings Ltd (MHLD) | $1.02 Billion | 4.94% | 3.07x | $32.93 Million |