Greenlight capital re, ltd. (GLRE)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues
Gross premiums written

523,977

567,531

692,651

536,072

502,124

324,023

535,702

427,844

397,659

414,850

258,818

Gross premiums ceded

48,667

102,788

56,587

10,015

9,001

13,493

2,780

-24,275

46,920

12,011

13,276

Net premiums written

475,310

464,743

636,064

526,057

493,123

310,530

532,922

452,119

350,739

402,839

245,542

Change in net unearned premium reserves

8,270

43,620

-10,060

-12,939

-84,736

43,710

14,977

14,595

29,036

115,138

30,862

Net premiums earned

483,580

508,363

626,004

513,118

408,387

354,240

547,899

466,714

379,775

287,701

214,680

Income (loss) from investment in related party investment fund [net of related party expenses of $662 and $5,432, respectively]

46,056

-60,573

0

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-

-

-

0

-

-

-

-

-

-

-

Net investment income

6,211

-262,533

20,231

76,183

-281,924

122,575

218,140

78,941

23,118

104,006

199,861

Other income (expense), net

2,306

-2,228

-560

-935

-3,413

2,987

-1,710

-259

253

-1,079

-

Other expense, net

-

-

-

-

-

-

-

-

-

-

4,538

Total revenues

538,153

183,029

645,675

588,366

123,050

479,802

764,329

545,396

403,146

390,628

419,079

Expenses
Net loss and loss adjustment expenses incurred

388,487

363,873

502,404

380,815

317,097

234,986

338,493

366,601

241,690

-

-

Loss and loss adjustment expenses incurred, net

-

-

-

-

-

-

-

-

-

177,018

119,045

Acquisition costs

117,084

145,475

161,740

134,534

116,207

107,665

171,872

142,721

138,751

102,645

69,232

General and administrative expenses

29,822

25,173

26,356

25,808

23,434

24,500

20,958

17,539

13,892

16,187

18,994

Interest expense

6,263

2,505

0

-

-

-

-

-

-

-

-

Interest and Debt Expense

-

-

-

0

-

-

-

-

-

-

-

Total expenses

541,656

537,026

690,500

541,157

456,738

367,151

531,323

526,861

394,333

295,850

207,271

Income (loss) before income tax

-3,503

-353,997

-44,825

-

-

-

-

-

-

-

-

Income (loss) before income tax

-

-

-

47,209

-333,688

112,651

233,006

18,535

8,813

94,778

211,808

Income tax (expense) benefit

483

332

-451

509

-1,755

-624

538

86

247

396

-49

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-3,986

-354,329

-44,374

46,700

-331,933

113,275

232,468

18,449

8,566

94,382

211,857

Loss (income) attributable to non-controlling interest in related party joint venture

0

-4,275

578

1,819

-5,508

3,683

6,769

3,851

1,797

-

-

Income (loss) attributable to non-controlling interest in joint venture

-

-

-

-

-

-

-

-

-

3,740

2,312

Net income (loss)

-3,986

-350,054

-44,952

44,881

-326,425

109,592

225,699

14,598

6,769

90,642

209,545

Earnings (loss) per share
Basic (in dollars per share)

-0.11

-9.74

-1.21

1.20

-8.90

2.94

6.13

0.40

0.19

2.49

5.78

Diluted (in dollars per share)

-0.11

-9.74

-1.21

1.20

-8.90

2.89

6.01

0.39

0.18

2.44

5.71

Weighted average number of ordinary shares used in the determination of earnings and loss per share
Basic (in shares)

36,079

35,951

37,002

37,267

36,670

37,242

36,838

36,702

36,548

36,420

36,230

Diluted (in shares)

36,079

35,951

37,002

37,340

36,670

37,874

37,585

37,361

37,286

37,224

36,723

Investment Advisor Compensation Expense

-

-

-

24,543

19,246

-

-

-

-

-

-

Related Party [Domain]
Income (Loss) from Equity Method Investments

-

-

-

0

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-

-

-

0

-

-

-

-

-

-

-