Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 49

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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 ended June 30, 2025, the Company recorded $2.5 million (2024: $2.9 million) of total stock compensation expense (net of forfeitures), respectively. Forfeiture recoveries were immaterial for both periods.

12.      EARNINGS PER SHARE

The following table reconciles net income and weighted average shares used in computing basic and diluted EPS for the three and six months ended June 30, 2025 and 2024:Three months ended June 30Six months ended June 302025202420252024Numerator for EPS:Net income - basic$329 $7,978 $29,956 $34,997 Net income - diluted$329 $7,978 $29,956 $34,997 Denominator for EPS:Weighted average shares outstanding - basic33,969,716 34,238,863 33,960,643 34,255,454 Effect of dilutive employee and director share-based awards453,963 460,319 518,708 423,871 Weighted average shares outstanding - diluted34,423,679 34,699,182 34,479,351 34,679,325 Anti-dilutive stock options outstanding620,319 902,140 620,319 902,140 EPS:Basic$0.01 $0.23 $0.88 $1.02 Diluted$0.01 $0.23 $0.87 $1.01 

13.      NET INVESTMENT INCOME

The following table provides a breakdown of net investment income:Three months ended June 30Six months ended June 30 2025202420252024Interest and dividend income, net of withholding taxes and other expenses$6,667 $8,135 $13,302 $16,691 Investment income from Lloyd's syndicates3,770 2,724 5,311 7,759 Net realized and unrealized gains (losses) on other investments (see Note 4)33 89 144 (324)Net investment income10,470 10,948 18,757 24,126 Share of Solasglas' net income (loss) (see Note 3)(18,276)4,330 13,921 22,578 Total investment income (loss)$(7,