Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 408

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 408
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 as well as for the Corporate runoff property business (see Note 17). The Company does not discount reserves for losses and LAE.For incurred and paid claims denominated in currencies other than U.S. dollars, the tables are presented using the foreign exchange rate in effect at the current year-end date. As a result, all prior year information has been restated to reflect December 31, 2024, foreign exchange rates. This treatment prevents changes in foreign currency exchange rates from distorting the claims development between the years presented.Additionally, for assumed contracts, the Company does not generally receive claims information by accident year from the ceding insurers but instead receives claims information by the treaty year of the contract. Claims reported by the ceding insurer to the Company may have the covered losses occurring in an accident year other than the treaty year. Some incurred and paid claims have been allocated to the accident years for the loss development tables based on the proportion of premiums earned for each contract during such accident year. The totals in the tables below may not sum due to rounding.

F-24

Open Market SegmentOpen Market - CasualtyIncurred claims and allocated claim adjustment expenses, net of reinsuranceDecember 31, 2024For the years ended December 31,Total IBNR plus expected development on reported claimsAccident year2015201620172018201920202021202220232024(Unaudited - Supplementary Information)2015$42,514 $42,747 $47,000 $49,032 $50,051 $49,496 $52,618 $54,660 $53,820 $55,102 $4,585 201661,604 68,329 73,389 73,678 73,585 78,598 82,464 86,665 91,068 12,775 201765,586 73,347 73,586 75,163 81,209 84,804 91,376 97,122 18,159 201839,089 39,790 40,253 42,099 42,717 46,338 50,274 9,351 201935,774 36,379 36,888 37,100 39,483 39,890 7,282 202052,652 49,098 50,963 54,239 55,591 11,087 202171,345