Sign In
NASDAQ:GLRE
Greenlight Reinsurance Stock Earnings Reports
$13.45
+0.250 (+1.89%)
At Close: Feb 13, 2025
Greenlight Reinsurance Earnings Calls
Q4 2024
(Upcoming)
| Release date | Mar 04, 2025 |
| EPS estimate | $0.590 |
| EPS actual | - |
| Revenue estimate | - |
| Revenue actual | - |
| Expected change | +/- 3.52% |
Q3 2024
Beat
$1.01 (55.38%)
| Release date | Nov 04, 2024 |
| EPS estimate | $0.650 |
| EPS actual | $1.01 |
| EPS Surprise | 55.38% |
| Revenue estimate | - |
| Revenue actual | 188.008M |
Q2 2024
Missed
$0.230 (-8.00%)
| Release date | Aug 06, 2024 |
| EPS estimate | $0.250 |
| EPS actual | $0.230 |
| EPS Surprise | -8.00% |
| Revenue estimate | - |
| Revenue actual | 171.465M |
Q1 2024
Missed
$0.780 (-2.50%)
| Release date | May 08, 2024 |
| EPS estimate | $0.80 |
| EPS actual | $0.780 |
| EPS Surprise | -2.50% |
| Revenue estimate | - |
| Revenue actual | 174.714M |
Last 4 Quarters for Greenlight Reinsurance
Below you can see how GLRE performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Q1 2024
Missed
| Release date | May 08, 2024 |
| Fiscal end date | Mar 31, 2024 |
| Price on release | $12.74 |
| EPS estimate | $0.80 |
| EPS actual | $0.780 |
| EPS surprise | -2.50% |
| Date | Price |
|---|---|
| May 02, 2024 | $12.53 |
| May 03, 2024 | $12.47 |
| May 06, 2024 | $12.58 |
| May 07, 2024 | $12.57 |
| May 08, 2024 | $12.74 |
| May 09, 2024 | $13.01 |
| May 10, 2024 | $13.10 |
| May 13, 2024 | $13.00 |
| May 14, 2024 | $13.09 |
| 4 days before | 1.68% |
| 4 days after | 2.75% |
| On release day | 2.12% |
| Change in period | 4.47% |
Q2 2024
Missed
| Release date | Aug 06, 2024 |
| Fiscal end date | Jun 30, 2024 |
| Price on release | $12.43 |
| EPS estimate | $0.250 |
| EPS actual | $0.230 |
| EPS surprise | -8.00% |
| Date | Price |
|---|---|
| Jul 31, 2024 | $13.80 |
| Aug 01, 2024 | $13.32 |
| Aug 02, 2024 | $12.91 |
| Aug 05, 2024 | $12.45 |
| Aug 06, 2024 | $12.43 |
| Aug 07, 2024 | $12.13 |
| Aug 08, 2024 | $12.51 |
| Aug 09, 2024 | $12.47 |
| Aug 12, 2024 | $12.43 |
| 4 days before | -9.93% |
| 4 days after | 0% |
| On release day | -2.41% |
| Change in period | -9.93% |
Q3 2024
Beat
| Release date | Nov 04, 2024 |
| Fiscal end date | Sep 30, 2024 |
| Price on release | $13.56 |
| EPS estimate | $0.650 |
| EPS actual | $1.01 |
| EPS surprise | 55.38% |
| Date | Price |
|---|---|
| Oct 29, 2024 | $13.40 |
| Oct 30, 2024 | $13.52 |
| Oct 31, 2024 | $13.48 |
| Nov 01, 2024 | $13.50 |
| Nov 04, 2024 | $13.56 |
| Nov 05, 2024 | $14.59 |
| Nov 06, 2024 | $15.48 |
| Nov 07, 2024 | $14.78 |
| Nov 08, 2024 | $14.76 |
| 4 days before | 1.19% |
| 4 days after | 8.85% |
| On release day | 7.60% |
| Change in period | 10.15% |
Q4 2024
(Upcoming)
| Release date | Mar 04, 2025 |
| Fiscal end date | Dec 30, 2024 |
| Price on release | - |
| EPS estimate | $0.590 |
| EPS actual | - |
| Date | Price |
|---|---|
| Feb 07, 2025 | $13.59 |
| Feb 10, 2025 | $13.31 |
| Feb 11, 2025 | $13.28 |
| Feb 12, 2025 | $13.20 |
| Feb 13, 2025 | $13.45 |
Greenlight Reinsurance Earnings Call Transcript Summary of Q3 2024
- Financial Performance:
- Gross written premiums amounted to $168.3 million, an 8% decrease from Q3 2023 due mainly to non-renewals of two contracts.
- Net income for the quarter was $35.2 million, up $21.7 million from the same quarter last year, translating to $1.01 per diluted share compared to $0.39 in Q3 2023.
- Fully diluted book value per share grew 6.1% during the quarter and 11.8% year-to-date, totaling $18.72 as of September 30, 2024.
- Catastrophe Losses:
- Catastrophe losses for Q3 were $14.1 million, contributing 9.3% to the combined ratio of 95.9%, marking the eighth consecutive quarter of underwriting profit.
- Loss estimates from Hurricane Helene: approximately $7.5 million, and preliminary estimates for Hurricane Milton range from $5 million to $15 million.
- Market Position and Strategy:
- The company is focused on the upcoming 1/1 renewal season, believing that market conditions remain favorable and they are poised to capitalize on opportunities.
- Changes in leadership were announced, with Tom Curnock appointed as Group Chief Underwriting Officer and Pat O’Brien as Group Chief Operating Officer.
- Investment Performance:
- The Solasglas fund reported an investment income of $19.8 million, yielding a 5.2% return for the quarter.
- Positive contributors included investments in Green Brick Partners and Solvay, while housing-related short positions detracted from performance.
- Operational Developments:
- An Investor Day presentation is scheduled for November 19, 2024, providing further insights into the company’s strategic direction.
- AM Best affirmed the company's A- rating with a positive outlook, reflecting the organization’s recent progress.
- Share Repurchase Program:
- The company repurchased shares amounting to $7.5 million during the quarter, with $17.5 million remaining under the approved share repurchase plan.
Investors should monitor the upcoming Investor Day for a more in-depth analysis and view into the company’s strategies moving forward. The management’s emphasis on prudent risk management and sustained growth provides a positive outlook, despite current market challenges.
Greenlight Reinsurance Earnings History
Earnings Calendar
FAQ
When is the earnings report for GLRE?
Greenlight Reinsurance (GLRE) has scheduled its earnings report for Mar 04, 2025 before the markets open.
What is the GLRE price-to-earnings (P/E) ratio?
GLRE P/E ratio as of Feb 13, 2025 (TTM) is 5.13.
What is the GLRE EPS forecast?
The forecasted EPS (Earnings Per Share) for Greenlight Reinsurance (GLRE) for the first fiscal quarter 2024 is $0.590.
What are Greenlight Reinsurance's retained earnings?
On its balance sheet, Greenlight Reinsurance reported retained earnings of $188.01 million for the latest quarter ending Sep 30, 2024.
What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.
Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.
What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
