Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 2

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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 inflation. We remain vigilant to economic data and additional policies that may impact our business. 

26

Key Financial Measures and Non-GAAP Measures

There have been no changes to our key financial measures, including non-GAAP financial measures, as described in the MD&A of our 2024 Form 10-K.

Fully Diluted Book Value Per Share

The following table presents a reconciliation of the fully diluted book value per share to basic book value per share (the most directly comparable U.S. GAAP financial measure):

June 30, 2025March 31, 2025December 31, 2024September 30, 2024June 30, 2024Numerator for basic and fully diluted book value per share: Total equity as reported under U.S. GAAP$663,318 $666,804 $635,879 $663,418 $634,020 Denominator for basic and fully diluted book value per share: Ordinary shares issued and outstanding as reported and denominator for basic book value per share34,198,15334,557,44934,831,32434,832,49335,321,144Add: In-the-money stock options (1) and all outstanding RSUs775,124773,938590,001602,013594,612Denominator for fully diluted book value per share 34,973,27735,331,38735,421,32535,434,50635,915,756Basic book value per share$19.40 $19.30 $18.26 $19.05 $17.95 Increase (decrease) in basic book value per share$0.10 $1.04 $(0.79)$1.10 $0.27 Increase (decrease) in basic book value per share0.5 %5.7 %(4.1)%6.1 %1.5 %Fully diluted book value per share$18.97 $18.87 $17.95 $18.72 $17.65 Increase (decrease) in fully diluted book value per share$0.10 $0.92 $(0.77)$1.07 $0.26 Increase (decrease) in fully diluted book value per share0.5 %5.1 %(4.1)%6.1 %1.