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Last $31.00 USD
Change Today +0.25 / 0.81%
Volume 137.3K
GLRE On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

greenlight capital re ltd-a (GLRE) Snapshot

Open
$30.80
Previous Close
$30.75
Day High
$31.27
Day Low
$30.72
52 Week High
09/4/14 - $35.18
52 Week Low
04/22/15 - $30.09
Market Cap
1.2B
Average Volume 10 Days
112.3K
EPS TTM
$-0.19
Shares Outstanding
31.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for GREENLIGHT CAPITAL RE LTD-A (GLRE)

greenlight capital re ltd-a (GLRE) Related Businessweek News

No Related Businessweek News Found

greenlight capital re ltd-a (GLRE) Details

Greenlight Capital Re, Ltd., through its subsidiaries, provides property and casualty reinsurance products and services worldwide. Its frequency business comprises contracts containing smaller losses emanating from multiple events and enables the clients to increase their underwriting capacity; and severity business includes contracts with the potential for significant losses emanating from one event or multiple events. The company provides various property reinsurance products and services that comprise aviation, commercial, energy, motor physical damage, and personal; casualty reinsurance products and services consisting of general, marine, motor, and professional liability; and specialty reinsurance products and services comprising financial, health, and worker’s compensation. It markets its products through reinsurance brokers and specialist service providers. The company was incorporated in 2004 and is based in Grand Cayman, the Cayman Islands.

31 Employees
Last Reported Date: 02/17/15
Founded in 2004

greenlight capital re ltd-a (GLRE) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $672.7K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $561.3K
Chief Underwriting Officer
Total Annual Compensation: $522.2K
Chief Actuarial Officer
Total Annual Compensation: $364.5K
Compensation as of Fiscal Year 2014.

greenlight capital re ltd-a (GLRE) Key Developments

Greenlight Capital Re, Ltd. Announces Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2014

Greenlight Capital Re, Ltd. announced consolidated financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $60.7 million, compared to net income of $83.9 million for the same period in 2013. Fully diluted net income per share for the fourth quarter of 2014 was $1.60, compared to fully diluted net income per share of $2.22 for the same period in 2013. Fully diluted adjusted book value per share was $30.76 as of December 31, 2014, a 10.2% increase from $27.91 per share as of December 31, 2013. Gross written premiums of $74.3 million, compared to $124.8 million in the fourth quarter of 2013; net earned premiums were $75.2 million, a decrease from $141.5 million reported in the prior-year period. An underwriting loss of $4.6 million, compared to underwriting income of $7.9 million in the fourth quarter of 2013. A net investment gain of 5.3% on Greenlight Re's investment portfolio managed by DME Advisors, LP compared to a net investment gain of 6.6% in the fourth quarter of 2013. For the year, the company reported gross written premiums of $324.0 million, compared to $535.7 million in 2013; net earned premiums were $354.2 million, a decrease from $547.9 million reported for the prior year. Underwriting income of $11.6 million, compared to underwriting income of $37.5 million for 2013. Net investment income was $122.6 million, representing a return of 8.7%, compared to net investment income of $218.1 million during 2013 when Greenlight Re reported a 19.6% return. Net premiums written were $310.53 million compared to $532.922 million a year ago. Net premiums earned were $354.24 million compared to $547.899 a year ago. Total revenues were $477.228 million compared to $765.089 million a year ago. Profit before income tax expense was $112.651 million compared to $233.006 million a year ago. Net income was $109.592 million or $2.89 per diluted share compared to net income of $225.699 million or $6.01 per diluted share a year ago. The company's 2014 underwriting results deteriorated primarily due to adverse reserve development on certain commercial automobile and general liability contracts and run-off. For the full year 2014, gross written premiums decreased by approximately 40%, primarily driven by the nonrenewal of certain business, which the company believe inadequately priced.

Greenlight Capital Re, Ltd. to Report Q4, 2014 Results on Feb 17, 2015

Greenlight Capital Re, Ltd. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 17, 2015

Greenlight Capital Re, Ltd., Q4 2014 Earnings Call, Feb 18, 2015

Greenlight Capital Re, Ltd., Q4 2014 Earnings Call, Feb 18, 2015

 

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GLRE:US $31.00 USD +0.25

GLRE Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Global Indemnity PLC $28.62 USD +0.20
Montpelier Re Holdings Ltd $38.93 USD -0.20
Navigators Group Inc/The $79.02 USD -0.35
RLI Corp $49.75 USD +0.08
Third Point Reinsurance Ltd $13.98 USD -0.18
View Industry Companies
 

Industry Analysis

GLRE

Industry Average

Valuation GLRE Industry Range
Price/Earnings 10.6x
Price/Sales 2.2x
Price/Book 1.0x
Price/Cash Flow 10.5x
TEV/Sales NM Not Meaningful
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