Company: GLRE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001385613-25-000058
Chunk: 32

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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Debt and convertible debt securities2,713 — (1,510)90 1,293 Total other investments$30,824 $51,076 $(8,830)$90 $73,160 The following table presents the carrying values of the private investments and unlisted equity securities carried under the measurement alternative at March 31, 2025 and 2024, and the related adjustments recorded during the periods then ended.  Three months ended March 3120252024Carrying value (1)$71,973 $71,577 Upward carrying value changes (2)$483 $419 Downward carrying value changes and impairment (3)$(377)$(114)(1) The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes.(2) The cumulative upward carrying value changes from inception to March 31, 2025, totaled $54.0 million.(3) The cumulative downward carrying value changes and impairments from inception to March 31, 2025, totaled $10.1 million.Net investment incomeThe following table summarizes the change in unrealized gains (losses) and the realized gains (losses) for the Company’s other investments, which are included in “Net investment income” in the condensed consolidated statements of operations (see Note 13):Three months ended March 3120252024Gross realized gains$5 $— Gross realized losses— (1,332)Net realized gains (losses)$5 $(1,332)Change in unrealized gains106 919 Net realized and unrealized gains (losses) on other investments$111 $(413)

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5.       RESTRICTED CASH AND CASH EQUIVALENTS

The following table shows the breakdown of the Company’s restricted cash and cash equivalents, along with a reconciliation of the total cash, cash equivalents, and restricted cash reported in the condensed consolidated statements of cash flows: March 31, 2025December 31, 2024Restricted cash and cash equivalents:  Cash securing trust accounts$260,210 $256,796   Cash securing letters of credit issued319,316 312,855   Cash securing Loan Facility10,000 10,000   Other5,756 4,751 Total restricted cash and cash equivalents595,282 584,402 Cash and cash equivalents47,477 64,685 Total