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

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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Item 1.   FINANCIAL STATEMENTS 

GREENLIGHT CAPITAL RE, LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, 2025 (unaudited) and December 31, 2024 

(expressed in thousands of U.S. dollars, except per share and share amounts)

 March 31, 2025December 31, 2024Assets  Investments Investment in related party investment fund, at fair value$435,341 $387,144 Other investments73,266 73,160 Total investments508,607 460,304 Cash and cash equivalents47,477 64,685 Restricted cash and cash equivalents595,282 584,402 Reinsurance balances receivable (see Note 15)768,711 704,483 Loss and loss adjustment expenses recoverable (see Note 8)87,963 85,790 Deferred acquisition costs 96,759 82,249 Unearned premiums ceded38,895 29,545 Other assets8,402 4,765 Total assets$2,152,096 $2,016,223 Liabilities and equity Liabilities Loss and loss adjustment expense reserves$916,600 $860,969 Unearned premium reserves384,311 324,551 Reinsurance balances payable93,730 105,892 Funds withheld21,825 21,878 Other liabilities8,992 6,305 Debt 59,834 60,749 Total liabilities1,485,292 1,380,344 Commitments and Contingencies (Note 15)Shareholders' equity Preferred share capital (par value $0.10; none issued)— — Ordinary share capital (par value $0.10; issued and outstanding, 34,557,449) (2024: par value $0.10; issued and outstanding, 34,831,324)3,456 3,483 Additional paid-in capital482,876 481,551 Retained earnings180,472 150,845 Total shareholders' equity666,804 635,879 Total liabilities and equity$2,152,096 $2,016,223 

  The accompanying Notes to the Condensed Consolidated Financial Statements are an

 integral part of the Condensed Consolidated Financial Statements.

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