Greenlight Re (GLRE)
Writes global P&C reinsurance while investing through the Solasglas portfolio.
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Provides broker-sourced treaty reinsurance through Open Market and partner-focused capacity through Innovations. Operations run from Grand Cayman, Dublin, and London/Lloyd's, while book value is shaped by underwriting results, Solasglas investment performance, broker and MGA access, ratings, and regulated capital.
Runs a global specialty property and casualty reinsurance platform through Open Market and Innovations. Open Market writes broker-sourced treaty reinsurance across multiline, specialty, property, financial, casualty, and health lines on proportional and non-proportional bases.
Innovations provides reinsurance capacity to startups, MGAs, and insurance-technology partners, with Syndicate 3456 adding Lloyd's access. The operating footprint is centered in Grand Cayman, Dublin, and London, so the business is international rather than a U.S. direct-insurance franchise.
Underwriting discipline is central: management has reduced casualty exposure when pricing did not match expected loss costs. Results depend on reinsurance-cycle pricing, catastrophe and large-loss experience, reserve development, Solasglas investment performance, broker and MGA relationships, financial-strength ratings, and regulated capital.
Company facts
Categories
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $603.1M · Total debt $8.8M · Total assets $2.24B · Shareholders' equity $697.7M
- Revenue
- $165.3M
- Operating income
- −$29.4M
- Net income
- −$29.6M
No dividends on record.
| Institutions145 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 51.42% | 16.79M shares | |
| Insiders18 holders · as of Aug 31, 2026 | 29.06% | 9.48M shares | |
| Otherremainder | ≈ 19.52% | 6.37M shares |
32.64M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
David Einhorn1Insiderdirector, 10 percent owner | 18.84% | 6.15M | 13Dfiled Aug 5, 2026 ↗ |
BlackRock, Inc.Institution | 8.09% | 2.64M | 13Fas of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.39% | 1.76M | 13Fas of Jun 30, 2026 |
Orchard Capital Management, LLCInstitution | 4.82% | 1.57M | 13Gfiled Feb 13, 2023 ↗ |
Private Management Group IncInstitution | 4.49% | 1.47M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
- David Einhorn's transaction reports restate only vehicles that traded; the 2026 ownership statement (6.15M) is used instead.
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 28, 2026 | Ian Isaacs | director | −4,054 | $15.42 |
| Aug 27, 2026 | Ian Isaacs | director | −946 | $15.43 |
| Aug 10, 2026 | Leonard R. Goldberg | director | +6,000 | $15.42 |
| Aug 7, 2026 | Leonard R. Goldberg | director | +6,000 | $15.62 |
| Jun 29, 2026 | Ian Isaacs | director | −1,191 | $16.72 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Greenlight Re | $15.25 | −0.07% | $505.1M | 10.4 | — | 0.8 | +2.7% |
| RenaissanceRe | $331.21 | −0.02% | $13.76B | 5.7 | 8.3 | 1.3 | −28.5% |
| Everest Group | $378.85 | +0.17% | $14.97B | 8.1 | 6.9 | 0.9 | −10.1% |
| Arch Capital Group | $98.23 | −0.39% | $34.31B | 7.7 | 10.4 | 1.8 | −22.3% |
| AXIS Capital | $99.67 | −0.06% | $7.27B | 6.3 | 7.6 | 1.1 | +7.4% |
| SiriusPoint | $24.68 | +1.44% | $2.83B | 6.1 | 9.2 | 0.9 | +30.7% |
| Hamilton Insurance Group | $35.50 | −0.03% | $3.54B | 6.2 | 8.1 | 1.2 | +12.2% |
| Pelagos Insurance Capital | $24.95 | −0.04% | $2.13B | 6.1 | 6.6 | 1.0 | +6.4% |
| Cre8 Enterprise | $2.98 | −3.09% | $5.9M | — | — | — | — |
| Median | 6.2 | 8.1 | 1.1 | +6.4% |