Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 34

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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Item 1.   FINANCIAL STATEMENTS 

GREENLIGHT CAPITAL RE, LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

September 30, 2025 (unaudited) and December 31, 2024 

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

 September 30, 2025December 31, 2024Assets  Investments Investment in related party investment fund, at fair value$456,861 $387,144 Other investments63,182 73,160 Total investments520,043 460,304 Cash and cash equivalents68,789 64,685 Restricted cash and cash equivalents586,444 584,402 Reinsurance balances receivable731,707 704,483 Reinsurance recoverable on unpaid loss and loss adjustment expenses82,783 85,790 Deferred acquisition costs 98,476 82,249 Unearned premiums ceded36,123 29,545 Other assets9,690 4,765 Total assets$2,134,055 $2,016,223 Liabilities and equity Liabilities Loss and loss adjustment expense reserves$938,308 $860,969 Unearned premium reserves379,274 324,551 Reinsurance balances payable97,980 105,892 Funds withheld15,139 21,878 Other liabilities9,720 6,305 Debt 34,745 60,749 Total liabilities1,475,166 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, 34,099,226) (2024: par value $0.10; issued and outstanding, 34,831,324)3,394 3,483 Additional paid-in capital479,099 481,551 Retained earnings176,396 150,845 Total shareholders' equity658,889 635,879 Total liabilities and equity$2,134,055 $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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GREENLIGHT CAPITAL RE, LTD.