Greenlight Capital Re (GLRE) Interest Expenses (2018 - 2024)
Greenlight Capital Re (GLRE) reported Interest Expenses of $1.3 million for Q1 2024, down 6.58% year-over-year from $1.4 million in Q2 2023, and down 15.68% quarter-over-quarter from $1.6 million in Q4 2023.
Greenlight Capital Re (GLRE) Interest Expenses (2018 - 2024) Analysis & Trends
Greenlight Capital Re (GLRE) has 7 years of Interest Expenses data on file, last reported at $1.3 million in Q1 2024.
- Interest Expenses for Q1 2024 came in at $1.3 million, down 6.58% year-over-year; the trailing twelve-month figure through Dec 2024 was $1.3 million (down 80.86% YoY), and the FY2023 annual result was $7.0 million, up 257.38% from the prior year.
- Interest Expenses eased to $1.3 million in Q1 2024 per GLRE's latest filing, from $1.6 million in the prior quarter.
- Over five years, Interest Expenses peaked at $2.4 million in Q3 2023 and troughed at $181000.0 in Q4 2021.
- A 5-year average of $1.2 million and a median of $1.5 million in 2021 frame the typical range for Interest Expenses.
- The sharpest annual moves came in 2021 and 2023: Interest Expenses slumped 88.53% in 2021, then surged 457.81% in 2023.
- A 5-year view of Interest Expenses shows it stood at $1.6 million in 2020, then tumbled by 88.53% to $181000.0 in 2021, then jumped by 314.92% to $751000.0 in 2022, then soared by 110.65% to $1.6 million in 2023, then decreased by 15.68% to $1.3 million in 2024.
- Business Quant data shows GLRE's Interest Expenses at $1.3 million in Q1 2024, $1.6 million in Q4 2023, and $2.4 million in Q3 2023.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | Reinsurance Group Of America | 13.65 Bn | 4.66 Bn | -26.00 Mn | 99.00 Mn |
| 2 | Everest | 13.51 Bn | -33.73 Bn | 2.75 Bn | 36.00 Mn |
| 3 | Renaissancere Holdings | 12.72 Bn | 14.32 Bn | 1.21 Bn | 31.79 Mn |
| 4 | Hamilton Insurance | 3.17 Bn | 2.36 Bn | - | 4.80 Mn |
| 5 | SiriusPoint | 2.73 Bn | 1.85 Bn | 567.70 Mn | 16.80 Mn |
| 6 | Greenlight Capital Re | 540.25 Mn | 465.17 Mn | 62.99 Mn | - |
| 7 | Kestrel | 91.87 Mn | 65.07 Mn | 7.94 Mn | - |
| 8 | Oxbridge Re Holdings | 7.74 Mn | 6.93 Mn | - | - |
| 9 | Reinsurance Group Of America | - | - | -26.00 Mn | 99.00 Mn |
| 10 | Oxbridge Re Holdings | - | - | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 1.33 Mn |
| Mar 31, 2024 | 1.33 Mn |
| Dec 31, 2023 | 1.58 Mn |
| Dec 31, 2023 | 1.58 Mn |
| Sep 30, 2023 | 2.38 Mn |
| Sep 30, 2023 | 2.38 Mn |
| Jun 30, 2023 | 1.58 Mn |
| Jun 30, 2023 | 1.58 Mn |
| Mar 31, 2023 | 1.43 Mn |
| Mar 31, 2023 | 1.43 Mn |
| Dec 31, 2022 | 751,000.00 |
| Dec 31, 2022 | 751,000.00 |
| Sep 30, 2022 | 464,000.00 |
| Sep 30, 2022 | 464,000.00 |
| Jun 30, 2022 | 479,000.00 |
| Jun 30, 2022 | 479,000.00 |
| Mar 31, 2022 | 256,000.00 |
| Mar 31, 2022 | 256,000.00 |
| Dec 31, 2021 | 181,000.00 |
| Dec 31, 2021 | 181,000.00 |