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Greenlight Capital RE (GLRE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Greenlight Capital RE (GLRE) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $148M · 2¢ of every $1 of revenue kept as net profit · operating margin 2.4%
Greenlight Capital RE made $148M in Q3 2026 (+2% Y/Y). Operating margin 2.4%, net earnings $3.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $148.3M in Q3 2026, up 2% year over year and up 8% from the previous quarter.
Operating profit was $3.6M, a 2.4% margin (up 5.1 points year over year). Total costs fell 4% while revenue rose 2%. Net earnings were $3.2M. The effective tax rate was 10.7%.
Operating cash flow was $4.9M (down 84% year over year), 152% of net earnings. Non-cash charges added back $1.6M of share-based compensation.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $148M | +2% | 2.4% | $3.2M | $4.9M |
| Q2 2026 | 10-Q | Aug 4, 2026 | $137M | -14% | -21.4% | −$29.6M | $31.4M |
| Q1 2026 | 10-Q | May 5, 2026 | $190M | -11% | 18.9% | $35.8M | $37.2M |
| Q4 2025 | 10-K | Mar 9, 2026 | $210M | +48% | 24.1% | $49.3M | $100M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $146M | -22% | -2.7% | −$4.4M | $31.2M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $160M | -8% | 0.4% | $329K | $68.4M |
| Q1 2025 | 10-Q | May 7, 2025 | $213M | +12% | 14.5% | $29.6M | $10.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Greenlight Capital RE
Unless otherwise indicated or unless the context otherwise requires, all references in this Form 10-K to “the Company,” “we,” “us,” “our,” and similar expressions are references to Greenlight Capital Re, Ltd. and its consolidated subsidiaries. Unless otherwise indicated or unless the context otherwise requires, all references in this Annual Report to entity names are as set forth in the following table: All dollar amounts referred to in this Form 10-K are in U.S. dollars unless otherwise indicated. Tabular dollars are presented in thousands, with the exception of per share amounts or as otherwise noted. Due to rounding, numbers presented in the tables included in this Form 10-K may not add up precisely to the totals provided.
In its own words, from its 10-K, filed Mar 9, 2026.
Greenlight Capital RE against its Fire, Marine & Casualty Insurance peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +2%. Operating margin: 2.4% against the peers' median 15.1%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| GLRE Greenlight Capital RE | Q3 2026 | $148M | +2% | 2.4% |
| BRK-B Berkshire Hathaway | Q2 2026 | $101.8B | +10% | 15.5% |
| PGR Progressive | Q3 2026 | $23.2B | +3% | 14.0% |
| ALL Allstate | Q3 2026 | $17.3B | +0.5% | 15.1% |
| CB Chubb | Q3 2026 | $16.2B | +0.3% | 21.0% |
| TRV Travelers Companies | Q3 2026 | $12.4B | -0.5% | 19.1% |
| AIG American International Group | Q3 2026 | $7.4B | +17% | 15.0% |
| HIG Hartford Insurance Group | Q3 2026 | $7.2B | +4% | 21.9% |
| L Loews | Q3 2026 | $4.8B | +2% | 8.5% |
Source: Greenlight Capital RE 10-Q on SEC EDGAR · CIK 1385613 · Fire, Marine & Casualty Insurance
Guidance and outlook
More on GLRE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
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