Last $34.79 USD
Change Today +0.58 / 1.70%
Volume 112.8K
GLRE On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 5:20 PM 09/2/14 All times are local (Market data is delayed by at least 15 minutes).

greenlight capital re ltd-a (GLRE) Snapshot

Open
$34.21
Previous Close
$34.21
Day High
$34.88
Day Low
$34.02
52 Week High
07/16/14 - $34.93
52 Week Low
09/6/13 - $26.70
Market Cap
1.3B
Average Volume 10 Days
97.3K
EPS TTM
$-0.37
Shares Outstanding
31.0M
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

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greenlight capital re ltd-a (GLRE) Details

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

30 Employees
Last Reported Date: 02/18/14
Founded in 2004

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

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $675.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $570.5K
Chief Underwriting officer
Total Annual Compensation: $493.1K
Compensation as of Fiscal Year 2013.

greenlight capital re ltd-a (GLRE) Key Developments

Greenlight Capital Re, Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Greenlight Capital Re, Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $109.6 million compared to net income of $28.5 million for the same period in 2013. Fully diluted net income per share was $2.89, compared to $0.76 for the same period in 2013. Fully diluted adjusted book value per share was $30.47 as of June 30, 2014, a 25.9% increase from $24.20 per share as of June 30, 2013. Gross written premiums were $33.7 million, compared to $135.2 million in the second quarter of 2013. Net earned premiums were $87.9 million, a decrease from $133.0 million reported in the prior-year period. Underwriting income was $5.6 million, compared to underwriting income of $11.7 million in the second quarter of 2013. Income before income tax expense was $112.61 million, compared to $29.53 million reported a year ago. Total revenues were $201.77 million compared to $156.76 million reported a year ago. For the first six months of 2014, net investment income was $103.8 million, representing a gain of 7.3%, compared to net investment income of $85.4 million during the comparable period in 2013 when the company reported a 7.9% return. Its investment results were strong in the second quarter, mainly as a result of long portfolio which benefited from the buoyant equity markets. The company reported net income of $100.67 million compared to net income of $85.23 million for the same period in 2013. Fully diluted net income per share was $2.66, compared to $2.27 for the same period in 2013. Gross written premiums were $152.55 million, compared to $262.16 million reported a year ago. Net earned premiums were $199.54 million compared to $242.47 million reported in the prior-year period. Income before income tax expense was $102.97 million, compared to $89.2 million reported a year ago. Total revenues were $303.75 million compared to $327.76 million reported a year ago. The company's written and earned premiums decreased significantly compared to the prior year period. The decrease is mainly attributable to its decision, at the end of 2013, to exit some business that no longer met its return hurdles, as well as reduced shares, in 2014, on renewal transactions with clients that decided to retain more of their business.

Greenlight Capital Re, Ltd. to Report Q2, 2014 Results on Aug 04, 2014

Greenlight Capital Re, Ltd. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 04, 2014

Greenlight Capital Re, Ltd., Q2 2014 Earnings Call, Aug 05, 2014

Greenlight Capital Re, Ltd., Q2 2014 Earnings Call, Aug 05, 2014

 

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Industry Analysis

GLRE

Industry Average

Valuation GLRE Industry Range
Price/Earnings 5.4x
Price/Sales 1.6x
Price/Book 1.1x
Price/Cash Flow 5.3x
TEV/Sales NM Not Meaningful
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