For the second quarter of FY2023, GREENLIGHT CAPITAL RE ($NASDAQ:GLRE) reported total revenue of USD 156.9 million, a rise of 43.2% from the same quarter of the preceding fiscal year. Net income for the quarter was USD 49.9 million, significantly higher than the USD 14.8 million reported in the corresponding period of the prior year.
Analysis – GLRE Intrinsic Value
GoodWhale has conducted an analysis of GREENLIGHT CAPITAL RE’s financials and found that the fair value of the company’s shares is around $8.5. This value was calculated using our proprietary Valuation Line, which is based on past performance and growth potential of the company. Currently, GREENLIGHT CAPITAL RE stock is trading at a price of $10.4, which our analysis suggests is overvalued by 21.7%. Therefore, investors should watch these stocks carefully and consider reducing their holdings if there is no sign of improvement in their finances. More…
Risk Rating Analysis
Star Chart Analysis
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for GLRE. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GLRE. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GLRE. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for GLRE are shown below. More…
Income Statement Ratios
Balance Sheet Ratios
Cash Flow Ratios
Other Supplementary Items
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The company offers a wide range of products and services to its clients, which include insurance companies, reinsurers, and other financial institutions. Greenlight Capital Re Ltd. has a strong presence in the global reinsurance market and is one of the largest providers of reinsurance in the world. The company has a strong competitive advantage over its competitors due to its diversified product portfolio, strong financial position, and experienced management team.
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Greenlight Capital RE reported impressive financial results in the second quarter of FY2023. Total revenue increased 43.2% compared to the previous year, reaching USD 156.9 million. These results demonstrate strong growth and suggest that Greenlight Capital RE is a sound investment option. Investors should look closely at the company’s fundamentals and its future prospects to determine whether it is the right investment for them.