Overview Financials News + Filings Key Docs Charts Ownership Insiders
|
|
GREENLIGHT CAPITAL RE, LTD. (GLRE)
|
|
| Income Statement |
|
|
|
|
Annual | Quarterly | TTM |
|
| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A | 10-K |
| Revenues: |
| All other brokers and direct placements | | | | | 21.0 | | | |
| Willis Re | | | | | 3.1 | | | |
| All others | | | | | | 136.2 | | |
| Trean Re | | | | | 14.6 | 51.0 | | |
| Other | | | | | 144.2 | 458.4 | | |
| Total revenues | 526.7 | 588.6 | 484.1 | 538.2 | 183.0 | 645.7 | 513.1 | 123.1 |
| Revenue growth | -10.5% | 21.6% | -10.0% | 194.0% | -71.7% | 25.8% | 317.0% | -74.4% |
| Loss and loss adjustment expenses | 316.5 | 375.0 | 337.8 | 388.5 | 363.9 | 502.4 | | 317.1 |
| Policy acquisition costs | 143.1 | 145.0 | 109.3 | 117.1 | 145.5 | 161.7 | | 116.2 |
| Other operating expenses | 41.7 | 51.0 | 33.1 | 36.6 | 25.5 | 25.9 | 465.9 | 23.4 |
| General and administrative | 31.6 | 29.4 | 26.4 | 29.8 | 25.2 | 26.4 | 25.8 | 23.4 |
| Equity in earnings | | | | | | | | |
| EBITDA | | 21.3 | 4.3 | -3.5 | -351.6 | -44.0 | 182.1 | -375.1 |
| EBITDA margin | 4.7% | 3.6% | 0.9% | -0.6% | -192.1% | -6.8% | 35.5% | -304.9% |
| Depreciation | | 0.0 | 0.0 | 0.0 | 0.3 | 0.4 | 0.4 | 0.4 |
| EBIT | 24.9 | 21.3 | 4.3 | -3.5 | -351.8 | -44.4 | 181.7 | -375.5 |
| EBIT margin | 4.7% | 3.6% | 0.9% | -0.7% | -192.2% | -6.9% | 35.4% | -305.2% |
| Interest and other income (expense), net | | | | | | | -0.9 | -41.8 |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 2.5 | 0.0 | 0.9 | 41.8 |
| Interest expense | | | | | 2.5 | | | |
| Pre-tax income | 25.3 | 17.6 | 3.9 | -4.0 | -354.3 | -44.4 | 47.2 | -333.7 |
| Income taxes | 0.8 | -3.7 | -0.4 | -0.5 | -0.3 | 0.5 | 0.5 | -1.8 |
| Tax rate | 3.2% | | | 12.1% | 0.1% | | 1.1% | 0.5% |
| Net income | 24.5 | 21.3 | 4.3 | -3.5 | -354.0 | -44.8 | 46.7 | -331.9 |
| Net margin | 4.7% | 3.6% | 0.9% | -0.7% | -193.4% | -6.9% | 9.1% | -269.8% |
| |
| Basic EPS | $0.72 | $0.62 | $0.12 | ($0.10) | ($9.85) | ($1.21) | | ($9.05) |
| Diluted EPS | $0.62 | $0.62 | $0.12 | ($0.10) | ($9.85) | ($1.21) | | ($9.05) |
| |
| Shares outstanding (basic) | 33.9 | 34.2 | 36.2 | 36.1 | 36.0 | 37.0 | | 36.7 |
| Shares outstanding (diluted) | 39.8 | 34.4 | 36.3 | 36.1 | 36.0 | 37.0 | | 36.7 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|