Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 448

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 448
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830 $25,342 Comprehensive income$42,816 $86,830 $25,342 

F-55

SCHEDULE II (continued)  GREENLIGHT CAPITAL RE, LTD.CONDENSED FINANCIAL INFORMATION OF REGISTRANTCONDENSED STATEMENTS OF CASH FLOWS — PARENT COMPANY ONLY(expressed in thousands of U.S. dollars)    Year ended December 31 202420232022Cash flows from operating activitiesNet income $42,816 $86,830 $25,342 Adjustments to reconcile net income or loss to net cash provided by (used in) operating activities:  Equity in earnings of consolidated subsidiaries(54,628)(100,972)(36,063)  Net realized gain on repurchases of convertible senior notes payable— (265)(343)   Share-based compensation expense3,884 5,550 4,028    Accretion of debt offering costs, net of change in interest accruals1,220 (1,696)79 Net change in:Due from subsidiaries(154)28,400 (28,400)Other assets86 125 (753)Other liabilities(430)631 (69)Due to subsidiaries(181)(635)(2,071)Net cash provided by (used in) operating activities(7,387)17,968(38,250)Cash flows from investing activitiesDividends and return of capital from subsidiaries42,500 8,316 60,125 Contributions to subsidiaries(10,500)(20,043)(1,557)Net cash provided by (used in) investing activities32,000 (11,727)58,568 Cash flows from financing activitiesProceeds from Term Loans— 75,000 — Repayment of Term Loans(13,752)(947)— Repayment of convertible senior notes payable— (62,147)— Repurchase of convertible senior notes payable— (17,198)(19,793)Repurchase of shares(7,488)— (35)Net cash used in financing activities(21,240)(5,292)(19,828)Net increase (decrease) in cash and cash equivalents3,373 949 490 Cash and cash equivalents at beginning of the year1,924 975 485 Cash and cash equivalents at end of the year$5,297 $