Greenlight Capital Re Ltd (GLRE) - Net Assets
Based on the latest financial reports, Greenlight Capital Re Ltd (GLRE) has net assets worth $741.17 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.27 Billion) and total liabilities ($1.53 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. Check how tangible is Greenlight Capital Re Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $741.17 Million |
| % of Total Assets | 32.66% |
| Annual Growth Rate | 5.74% |
| 5-Year Change | 48.84% |
| 10-Year Change | -20.6% |
| Growth Volatility | 27.68 |
Greenlight Capital Re Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Greenlight Capital Re Ltd's net assets have evolved over time, based on quarterly financial data. See Greenlight Capital Re Ltd (GLRE) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Greenlight Capital Re Ltd (2005–2025)
The table below shows the annual net assets of Greenlight Capital Re Ltd from 2005 to 2025. For live valuation and market cap data, see market value of Greenlight Capital Re Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $707.98 Million | +11.34% |
| 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 583.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $225.68 Million | 31.88% |
| Common Stock | $3.39 Million | 0.48% |
| Other Components | $478.91 Million | 67.64% |
| Total Equity | $707.98 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 |
|---|---|
|
Sichuan Etrol Technologies Co Ltd
SHE:300370
|
$513.10 Million |
|
Tejon Ranch Co
NYSE:TRC
|
$513.40 Million |
|
Bank Maspion Indonesia PT
JK:BMAS
|
$513.40 Million |
|
Nanjing Central Emporium Group Stocks Co Ltd
SHG:600280
|
$513.49 Million |
|
OPTHEA LTD (SP.ADR/8)
F:UKJ2
|
$512.99 Million |
|
Hefei Lifeon Pharmaceutical Co Ltd
SHE:003020
|
$512.96 Million |
|
Baolingbao Biology Co Ltd
SHE:002286
|
$512.90 Million |
|
Yanpai Filtration Technology Co.Ltd.
SHE:301081
|
$512.65 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 2024 to 2025, total equity changed from 635,879,000 to 707,977,000, a change of 72,098,000 (11.3%).
- Net income of 74,832,000 contributed positively to equity growth.
- Share repurchases of 9,825,000 reduced equity.
- Other factors increased equity by 7,091,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $74.83 Million | +10.57% |
| Share Repurchases | $9.82 Million | -1.39% |
| Other Changes | $7.09 Million | +1.0% |
| Total Change | $- | 11.34% |
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: 0.79x
- 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 1.48x to 0.79x 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 | $16.24 | x |
| 2006-12-31 | $14.55 | $16.24 | x |
| 2007-12-31 | $19.65 | $16.24 | x |
| 2008-12-31 | $13.49 | $16.24 | x |
| 2009-12-31 | $19.02 | $16.24 | x |
| 2010-12-31 | $21.31 | $16.24 | x |
| 2011-12-31 | $21.54 | $16.24 | x |
| 2012-12-31 | $21.99 | $16.24 | x |
| 2013-12-31 | $27.98 | $16.24 | x |
| 2014-12-31 | $30.76 | $16.24 | x |
| 2015-12-31 | $22.51 | $16.24 | x |
| 2016-12-31 | $23.41 | $16.24 | x |
| 2017-12-31 | $23.01 | $16.24 | x |
| 2018-12-31 | $13.28 | $16.24 | x |
| 2019-12-31 | $13.23 | $16.24 | x |
| 2020-12-31 | $12.81 | $16.24 | x |
| 2021-12-31 | $13.85 | $16.24 | x |
| 2022-12-31 | $12.65 | $16.24 | x |
| 2023-12-31 | $17.13 | $16.24 | x |
| 2024-12-31 | $18.35 | $16.24 | x |
| 2025-12-31 | $20.52 | $16.24 | 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): 10.57%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.75%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 3.06x
- Recent ROE (10.57%) is above the historical average (0.61%), 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 | -5.28% | -6.96% | 0.19x | 3.94x | $-130.09 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 |
| 2025 | 10.57% | 10.75% | 0.32x | 3.06x | $4.03 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: $1,349,112,105
- Average return on equity (ROE) among peers: 10.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Greenlight Capital Re Ltd (GLRE) | $741.17 Million | 11.33% | 2.06x | $513.08 Million |
| Everest Group Ltd (EG) | $1.08 Billion | 28.55% | 3.68x | $13.36 Billion |
| Hamilton Insurance Group, Ltd. (HG) | $2.33 Billion | 17.19% | 2.35x | $2.11 Billion |
| Kestrel Group, Ltd. (KG) | $-694.79 Million | 0.00% | 0.00x | $98.03 Million |
| Maiden Holdings Ltd (MHLD) | $2.02 Billion | 1.32% | 0.15x | $114.64 Million |
| Oxbridge Re Holdings Ltd (OXBR) | $37.16 Million | 6.95% | 0.37x | $7.53 Million |
| Reinsurance Group of America (RGA) | $283.10 Million | 12.05% | 3.41x | $13.18 Billion |
| Renaissancere Holdings Ltd (RNR) | $4.29 Billion | 14.27% | 0.93x | $12.05 Billion |
| Siriuspoint Ltd (SPNT) | $1.45 Billion | 1.91% | 1.69x | $2.74 Billion |
About Greenlight Capital Re Ltd
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;… Read more