Greenlight Capital Re Ltd
NASDAQ:GLRE
Income Statement
Income Statement
Greenlight Capital Re Ltd
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Gross Premiums Earned |
547
|
549
|
503
|
421
|
357
|
342
|
343
|
363
|
405
|
446
|
484
|
496
|
512
|
526
|
561
|
621
|
625
|
619
|
587
|
528
|
506
|
487
|
480
|
495
|
486
|
471
|
458
|
447
|
459
|
482
|
505
|
523
|
538
|
532
|
504
|
484
|
458
|
477
|
516
|
562
|
589
|
|
Revenue |
771
N/A
|
705
-9%
|
751
+7%
|
563
-25%
|
473
-16%
|
455
-4%
|
335
-26%
|
219
-35%
|
143
-35%
|
229
+60%
|
230
+0%
|
456
+99%
|
584
+28%
|
585
+0%
|
623
+6%
|
715
+15%
|
652
-9%
|
477
-27%
|
440
-8%
|
230
-48%
|
165
-28%
|
325
+97%
|
379
+17%
|
486
+28%
|
527
+9%
|
439
-17%
|
417
-5%
|
406
-3%
|
480
+18%
|
564
+18%
|
585
+4%
|
600
+3%
|
590
-2%
|
572
-3%
|
559
-2%
|
544
-3%
|
522
-4%
|
530
+1%
|
584
+10%
|
621
+6%
|
620
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(532)
|
(532)
|
(493)
|
(419)
|
(367)
|
(352)
|
(372)
|
(425)
|
(457)
|
(497)
|
(542)
|
(521)
|
(541)
|
(559)
|
(565)
|
(666)
|
(691)
|
(682)
|
(650)
|
(557)
|
(535)
|
(540)
|
(537)
|
(546)
|
(535)
|
(498)
|
(488)
|
(477)
|
(474)
|
(498)
|
(517)
|
(548)
|
(549)
|
(548)
|
(521)
|
(509)
|
(491)
|
(502)
|
(535)
|
(548)
|
(572)
|
|
Selling, General & Administrative |
(22)
|
(24)
|
(24)
|
(23)
|
(25)
|
(25)
|
(26)
|
(25)
|
(23)
|
(24)
|
(22)
|
(24)
|
(26)
|
(26)
|
(27)
|
(28)
|
(26)
|
(26)
|
(26)
|
(25)
|
(25)
|
(26)
|
(27)
|
(28)
|
(30)
|
(30)
|
(28)
|
(25)
|
(26)
|
(27)
|
(29)
|
(30)
|
(29)
|
(29)
|
(29)
|
(31)
|
(32)
|
(34)
|
(36)
|
(37)
|
(43)
|
|
Benefits Claims Loss Adjustment |
(339)
|
(340)
|
(318)
|
(277)
|
(235)
|
(231)
|
(251)
|
(295)
|
(317)
|
(345)
|
(379)
|
(363)
|
(381)
|
(395)
|
(390)
|
(477)
|
(502)
|
(493)
|
(472)
|
(390)
|
(364)
|
(391)
|
(385)
|
(391)
|
(389)
|
(341)
|
(352)
|
(347)
|
(338)
|
(360)
|
(358)
|
(380)
|
(375)
|
(375)
|
(349)
|
(333)
|
(317)
|
(316)
|
(346)
|
(348)
|
(360)
|
|
Policy Acquisition Expense |
(172)
|
(168)
|
(151)
|
(120)
|
(108)
|
(97)
|
(95)
|
(105)
|
(116)
|
(128)
|
(140)
|
(134)
|
(135)
|
(139)
|
(149)
|
(161)
|
(162)
|
(163)
|
(152)
|
(142)
|
(146)
|
(123)
|
(125)
|
(128)
|
(117)
|
(127)
|
(108)
|
(104)
|
(109)
|
(111)
|
(131)
|
(139)
|
(145)
|
(144)
|
(143)
|
(145)
|
(143)
|
(152)
|
(154)
|
(164)
|
(169)
|
|
Operating Income |
239
N/A
|
173
-28%
|
258
+50%
|
144
-44%
|
105
-27%
|
103
-2%
|
(37)
N/A
|
(206)
-457%
|
(314)
-52%
|
(269)
+15%
|
(312)
-16%
|
(65)
+79%
|
43
N/A
|
26
-40%
|
58
+124%
|
48
-16%
|
(39)
N/A
|
(205)
-430%
|
(210)
-2%
|
(327)
-56%
|
(370)
-13%
|
(215)
+42%
|
(158)
+26%
|
(61)
+62%
|
(9)
+86%
|
(59)
-595%
|
(71)
-20%
|
(71)
+0%
|
6
N/A
|
66
+985%
|
67
+2%
|
51
-24%
|
41
-20%
|
24
-41%
|
38
+59%
|
36
-5%
|
31
-14%
|
28
-9%
|
49
+73%
|
72
+48%
|
48
-34%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(9)
|
(12)
|
(9)
|
7
|
(6)
|
(18)
|
(20)
|
(20)
|
(11)
|
9
|
17
|
5
|
1
|
(4)
|
(5)
|
(6)
|
6
|
9
|
14
|
16
|
13
|
10
|
8
|
5
|
10
|
6
|
3
|
(2)
|
(12)
|
(13)
|
(12)
|
(20)
|
(19)
|
(19)
|
(22)
|
(7)
|
8
|
22
|
32
|
39
|
|
Pre-Tax Income |
233
N/A
|
164
-30%
|
247
+51%
|
135
-45%
|
113
-17%
|
98
-13%
|
(55)
N/A
|
(226)
-312%
|
(334)
-47%
|
(279)
+16%
|
(304)
-9%
|
(47)
+84%
|
47
N/A
|
26
-44%
|
54
+105%
|
44
-19%
|
(45)
N/A
|
(199)
-345%
|
(201)
-1%
|
(313)
-55%
|
(354)
-13%
|
(202)
+43%
|
(149)
+26%
|
(53)
+64%
|
(4)
+93%
|
(49)
-1 309%
|
(65)
-31%
|
(67)
-4%
|
4
N/A
|
54
+1 163%
|
55
+1%
|
39
-29%
|
21
-45%
|
5
-75%
|
20
+268%
|
14
-28%
|
25
+74%
|
36
+48%
|
71
+97%
|
104
+46%
|
87
-16%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(1)
|
0
|
1
|
1
|
1
|
0
|
0
|
1
|
2
|
1
|
2
|
0
|
(1)
|
(0)
|
(0)
|
(0)
|
1
|
1
|
1
|
2
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(4)
|
(4)
|
(4)
|
(4)
|
0
|
0
|
1
|
1
|
1
|
1
|
(0)
|
(0)
|
|
Income from Continuing Operations |
233
|
164
|
247
|
136
|
113
|
98
|
(55)
|
(225)
|
(332)
|
(278)
|
(302)
|
(47)
|
47
|
26
|
54
|
44
|
(44)
|
(198)
|
(200)
|
(311)
|
(354)
|
(203)
|
(150)
|
(55)
|
(4)
|
(50)
|
(66)
|
(69)
|
4
|
51
|
51
|
35
|
18
|
5
|
20
|
15
|
25
|
37
|
72
|
104
|
87
|
|
Income to Minority Interest |
(7)
|
(4)
|
(6)
|
(3)
|
(4)
|
(4)
|
(0)
|
2
|
6
|
4
|
5
|
(0)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
2
|
2
|
4
|
4
|
2
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
226
N/A
|
160
-29%
|
241
+51%
|
133
-45%
|
110
-17%
|
95
-14%
|
(55)
N/A
|
(223)
-307%
|
(326)
-47%
|
(274)
+16%
|
(297)
-9%
|
(47)
+84%
|
45
N/A
|
25
-45%
|
52
+112%
|
42
-19%
|
(45)
N/A
|
(196)
-336%
|
(198)
-1%
|
(307)
-55%
|
(350)
-14%
|
(201)
+42%
|
(149)
+26%
|
(55)
+63%
|
(4)
+93%
|
(50)
-1 155%
|
(66)
-31%
|
(69)
-4%
|
4
N/A
|
51
+1 197%
|
51
+1%
|
35
-31%
|
18
-50%
|
5
-70%
|
20
+268%
|
15
-24%
|
25
+70%
|
37
+46%
|
72
+95%
|
104
+44%
|
87
-17%
|
|
EPS (Diluted) |
5.98
N/A
|
4.34
-27%
|
6.38
+47%
|
3.58
-44%
|
2.89
-19%
|
2.54
-12%
|
-1.46
N/A
|
-6.06
-315%
|
-8.9
-47%
|
-7.31
+18%
|
-7.96
-9%
|
-1.26
+84%
|
1.2
N/A
|
0.65
-46%
|
1.4
+115%
|
1.12
-20%
|
-1.21
N/A
|
-5.3
-338%
|
-5.35
-1%
|
-8.52
-59%
|
-9.74
-14%
|
-5.53
+43%
|
-4.04
+27%
|
-1.47
+64%
|
-0.11
+93%
|
-1.39
-1 164%
|
-1.85
-33%
|
-1.93
-4%
|
0.11
N/A
|
1.46
+1 227%
|
1.46
N/A
|
1.06
-27%
|
0.51
-52%
|
0.16
-69%
|
0.48
+200%
|
0.45
-6%
|
0.64
+42%
|
0.96
+50%
|
1.88
+96%
|
2.99
+59%
|
2.5
-16%
|