What is Greenlight Capital Re Financial Strength?
Greenlight Capital Re has the Financial Strength Rank of 6.
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:
1. The debt burden that the company has as measured by its
Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3.
Altman Z-Score.
Greenlight Capital Re's Interest Coverage for the quarter that ended in Dec. 2023 was 4.99.
Greenlight Capital Re's debt to revenue ratio for the quarter that ended in Dec. 2023 was 0.12.
Altman Z-Score does not apply to banks and insurance companies.
Greenlight Capital Re Financial Strength Calculation
GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors
A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.
1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
Greenlight Capital Re's Interest Expense for the
months ended in Dec. 2023 was $-4.4 Mil. Its Operating Income for the
months ended in Dec. 2023 was $0.0 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $73.3 Mil.
Greenlight Capital Re's Interest Coverage for the quarter that ended in Dec. 2023 is
The higher the ratio, the stronger the company's financial strength is.
2. Debt to revenue ratio. The lower, the better.
Greenlight Capital Re's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is
3. Altman Z-Score.
Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
The zones of discrimination were as such:
When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.
Altman Z-Score does not apply to banks and insurance companies.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Greenlight Capital Re (Greenlight Capital Re) Business Description
Traded in Other Exchanges
Address
65 Market Street, Suite 1207, P.O. Box 31110, Camana Bay, Grand Cayman, CYM, KY1-1205
Greenlight Capital Re Ltd offers property and casualty reinsurance. Its customers are property and casualty insurers, and Greenlight takes on some of their risk in exchange for insurance premiums. It operates through one operating segment: property and casualty reinsurance. It generates revenue through premiums from reinsurance on property and casualty business assumed, and income from investments. Most of the revenue is generated from policies written in the United States and the Caribbean.
Executives
| David Einhorn |
director, 10 percent owner |
140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
| Ian Isaacs |
director |
65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110,, GRAND CAYMAN, E9 E9 KY1-1205 |
| David Sigmon |
officer: General Counsel |
65 MARKET ST., SUITE 1207, JASMINE CT, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205 |
| Brian Joseph Oreilly |
officer: Head of Innovations |
65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, P.O. BOX 3111, GRAND CAYMAN E9 KY1-1205 |
| Richard Paul Strommer |
officer: Chief Actuary |
GREENLIGHT REINSURANCE, LTD., 65 MARKET ST., SUITE 1207, JASMINE COURT, CAMANA BAY, GRAND CAYMAN E9 KY1-1205 |
| Johnny Ferrari |
director |
PO BOX 493, GEORGE TOWN E9 KY1 1106 |
| Victoria W Guest |
director |
RAM RE HOUSE, 46 REID STREET, HAMILTON D0 HM 12 |
| Ursuline F Foley |
director |
239 WASHINGTON STREET, JERSEY CITY NJ 07302 |
| Daniel Roitman |
other: Alternate Director |
140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
| Faramarz Romer |
officer: Reporting & Compliance Officer |
65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GRAND CAYMAN, E9 E9 KY1-1205 |
| Neil W Greenspan |
officer: Chief Accounting Officer |
C/O MONTPELIER RE HOLDINGS LTD., MINTFLOWER PLACE 8 PAR-LA-VILLE ROAD, HAMILTON D0 HM 08 |
| Thomas James Curnock |
officer: Chief Risk Officer |
65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 |
| Leonard R Goldberg |
director, officer: Chief Executive Officer |
802 WEST BAY ROAD, THE GRAND PAVILION, P.O. BOX 31110, GRAND CAYMAN E9 KY1-1205 |
| Barry Brendan |
officer: Chief Underwriting Officer |
65 MARKET STREET, SUITE 1207,, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 |
| Laura Accurso |
officer: GENERAL COUNSEL |
65 MARKET STREET, SUITE 1207, CAMANA BAY, P.O. BOX 31110, GEORGE TOWN E9 KY11205 |
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