Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 217

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 217
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2017— — — — — — — — 2018— — — — — — — 2019— — — — — — 2020144 160 48 237 272 20212,665 6,553 6,553 6,553 202215,900 32,971 35,968 202330,063 44,949 202422,527 Total110,269 All outstanding liabilities before 2015, net of reinsurance— Liabilities for claims and claims adjustment expenses, net of reinsurance (Corporate)7,315 Average Annual Percentage Payout of Incurred Losses by Age, net of Reinsurance (unaudited) (1) Year 1Year 2Year 3Year 4Year 5Year 6Year 7Year 8Year 9Year 1049.3 %33.2 %8.5 %3.5 %2.8 %1.4 %0.8 %0.2 %0.2 %0.1 %(1) Due to lack of payment history for Innovations segment, the above table is based on the Open Market segment for same line of business.

F-36

Reconciliation of Loss Development Tables to Consolidated Balance SheetThe following reconciles the reserve for losses and LAE at December 31, 2024, included in the loss development tables to the loss and LAE reserves reported in the consolidated balance sheet:Net outstanding liabilitiesReinsurance recoverable on unpaid claimsGross outstanding liabilitiesOpen Market :Casualty$194,161 $186 $194,347 Financial59,984 — 59,984 Health213 — 213 Multiline213,021 362 213,383 Property52,154 41,075 93,229 Specialty171,653 38,008 209,661 Total Open Market segment691,186 79,631 770,817 Innovations:Casualty19,986 2,124 22,110 Financial3,925 — 3,925 Health701 691 1,392 Multiline44,376 612 44,988 Specialty2,091 262 2,353 Total Innovations segment71,079 3,689