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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…
Net margin is thin at 10.25%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue growth slowed to 4.8%, essentially flat. This is a business that needs a catalyst.
Traditional FCF and operating-margin metrics are not meaningful for financial institutions. Evaluate using net interest margin, credit quality, and capital ratios instead.
Profitability & Returns
Revenue (TTM)
$706M
▲ +4.8% YoY
Net Income (TTM)
$81M
▲ +74.8% YoY
Net Margin
11.46%
P/E
—
Balance Sheet
Total Assets
$2.27B
Equity
$741M
Total Debt
$5M
Cash & Equiv.
$75M
5Y CAGR: +9.2%
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