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Greenlight Capital Re Ltd   (GLRE)
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Greenlight Capital Re Ltd 's Operating Profit Margin by quarter

Trends, Rankings, Statistics



GLRE Operating Profit Margin (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Revenue Change 31.72 % 56.23 % 16.51 % -11.48 % -8.98 %
Seq. Revenue Change -12 % 22.39 % 6.51 % 14.83 % 4.37 %
Revenue In Millions $166.92 $189.69 $154.99 $145.51 $126.72
Operating Profit Margin 9.13 % 26.82 % 4.42 % 24.67 % -9.51 %
Operating Profit Margin Total Ranking # 1796 # 787 # 2178 # 1144 #
Operating Income In Millions $15.24 $50.87 $6.85 $35.89 $-12.05
Y / Y Operating Income Change - 214.89 % - -4.42 % -
Seq. Operating Income Change -70.04 % 642.69 % -80.92 % - -


Commenting Third Quarter 2023 Operating Profit Margin
Greenlight Capital Re Ltd experienced contraction in Operating Income by -70.04 % to $167 millions and Revenue by -12 %, while Operating Profit Margin fell to 9.13 %, below company's average Operating Profit Margin.

Observing third quarter 2023 results within Property & Casualty Insurance industry 39 other companies have achieved higher Operating Profit Margin. While Operating Profit Margin overall ranking has deteriorated compare to previous quarter from 787 to 1796.
Explain Operating Margin
GLRE's Operating Profit Margin third quarter 2023 Company Ranking
Within: No.
Property & Casualty Insurance Industry # 40
Financial Sector # 672
Overall # 1793

Operating Profit Margin Statistics
High Average Low
162.36 % 27.86 % 0.77 %
(Dec 31 2016)   (Jun 30 2020)




Other Operating Profit Margin Profitability Ratios
GLRE's Cumulative Operating Profit Margin
Property & Casualty Insurance Industry Operating Profit Margin Trends and Statistics
Financial Sector Operating Profit Margin Statistics
Operating Profit Margin Profitability Trends for overall market
GLRE's Operating Profit Margin Profitability versus Property & Casualty Insurance Industry, Financial Sector and total Market
Highest Ranking Operating Profit Margin
Lowest Ranking Operating Profit Margin
Operating Profit Margin Profit Margin for GLRE's Competitors
Operating Profit Margin Profit Margin for Greenlight Capital Re Ltd 's Suppliers
Operating Profit Margin Profit Margin for GLRE's Customers

You may also want to know
GLRE's Annual Growth Rates GLRE's Profitability Ratios GLRE's Asset Turnover Ratio GLRE's Dividend Growth
GLRE's Roe GLRE's Valuation Ratios GLRE's Financial Strength Ratios GLRE's Operating Income Growth
GLRE's Roa GLRE's Inventory Turnover Ratio GLRE's Growth Rates GLRE's Dividend Comparisons


Companies with similar Operating Profit Margin in the quarter ending Sep 30 2023, within Property & Casualty Insurance Industry Operating Profit MarginSep 30 2023 MRQ Operating IncomeSep 30 2023 MRQ Revenue
Everest Group Ltd   24.40 %$ 974.000 $ 3,991.000 
Enstar Group Ltd  22.36 %$ 36.000 $ 161.000 
Employers Holdings Inc   22.16 %$ 45.100 $ 203.500 
Progressive Corp  17.10 %$ 2,660.300 $ 15,560.600 
Donegal Group Inc  16.54 %$ 38.691 $ 233.928 
The Hartford Financial Services Group Inc   13.99 %$ 863.000 $ 6,168.000 
Tiptree Inc   13.64 %$ 56.794 $ 416.514 
Skyward Specialty Insurance Group Inc   13.34 %$ 31.909 $ 239.223 
Allstate Corp  12.68 %$ 1,838.000 $ 14,497.000 
Horace Mann Educators Corporation  12.52 %$ 47.400 $ 378.700 
Rli Corp  11.79 %$ 39.123 $ 331.694 
Global Indemnity Group Llc  11.70 %$ 14.743 $ 126.061 
Selective Insurance Group Inc   11.62 %$ 125.574 $ 1,081.081 
Hippo Holdings Inc   11.44 %$ 6.600 $ 57.700 
Hanover Insurance Group Inc   10.45 %$ 158.500 $ 1,516.600 
American Financial Group Inc   10.12 %$ 219.000 $ 2,164.000 
Assurant Inc   9.22 %$ 255.800 $ 2,774.100 
Greenlight Capital Re Ltd   9.13 %$ 15.241 $ 166.922 
Hallmark Financial Services inc   5.79 %$ 2.426 $ 41.899 
Kemper Corporation  5.69 %$ 68.200 $ 1,199.400 
Mercury General Corporation  5.62 %$ 59.881 $ 1,065.192 
Travelers Companies inc   5.36 %$ 570.000 $ 10,635.000 
Old Republic International Corporation  3.64 %$ 64.100 $ 1,760.100 
United Fire Group Inc  3.35 %$ 9.173 $ 273.955 
Markel Group Inc   2.16 %$ 72.810 $ 3,375.186 
Safety Insurance Group Inc   2.01 %$ 4.620 $ 229.358 




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