GREENLIGHT CAPITAL RE, LTD.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $729.8M | $696.0M | $899.0M | $450.8M | $610.0M | $472.3M | $667.5M | $183.4M |
| Net Premiums Earned | — | — | $577.4M | $538.0M | $531.3M | $464.2M | $474.7M | $475.3M |
| Net Investment Income | — | — | $148.8M | $14.9M | $13.7M | $12.8M | $19.3M | $13.4M |
| Net Realized and Unrealized Gains Losses | — | — | $173.1M | $-100.5M | $62.1M | $-1.5M | $172.0M | $-299.6M |
| Other Income Loss | — | — | $-387.0K | $-1.6M | $2.9M | $-3.1M | $1.5M | $-5.7M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | $43.2M | $31.6M | $29.4M | $26.4M | $29.8M | $25.2M |
| Operating Income | $78.3M | $43.6M | $86.9M | $-51.3M | $42.8M | $-7.5M | $125.8M | $-351.5M |
| Operating Margin | 10.7% | 6.3% | 9.7% | -11.4% | 7.0% | -1.6% | 18.9% | -191.6% |
| Interest Expense | — | — | — | — | — | $6.3M | $6.3M | $2.5M |
| Pretax Income | $78.3M | $43.6M | $86.9M | — | — | — | — | $-354.0M |
| Income Tax Expense | $3.5M | $749.0K | $100.0K | $-816.0K | $3.7M | $424.0K | $483.0K | $332.0K |
| Net Income | $74.8M | $42.8M | $86.8M | $25.3M | $17.6M | $3.9M | $-4.0M | $-350.1M |
| Net Margin | 10.3% | 6.2% | 9.7% | 5.6% | 2.9% | 0.8% | -0.6% | -190.8% |
| EPS (Basic) | $2.21 | $1.26 | $2.55 | $0.75 | $0.51 | $0.11 | $-0.11 | $-9.74 |
| EPS (Diluted) | $2.17 | $1.24 | $2.50 | $0.73 | $0.51 | $0.11 | $-0.11 | $-9.74 |
| Shares Outstanding (Basic) | 33.8M | 34.1M | 34.1M | 33.9M | 34.2M | 36.2M | 36.1M | 36.0M |
| Shares Outstanding (Diluted) | 34.5M | 34.7M | 34.8M | 39.8M | 34.4M | 36.3M | 36.1M | 36.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |