Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 89

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part II, Item 1A
Chunk 89
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Item 1A. RISK FACTORS

Factors that could cause our actual results to differ materially from those in this report are any of the risks described in “Part I. Item 1A. Risk Factors” included in our 2024 Form 10-K, as filed with the SEC on March 10, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations. 

As of June 30, 2025, there have been no other material changes to the risk factors disclosed in “Part I. Item 1A. Risk Factors” included in our 2024 Form 10-K. We may disclose changes to such factors or disclose additional factors from time to time in our future filings with the SEC.

Item 2.    UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 

Refer to Note 10 “Share Capital” of the condensed consolidated financial statements for a summary of our share repurchase plan.

The table below details the share repurchases that were made under the Plan during the three months ended June 30, 2025:

Shares Purchased Under Publicly Announced Repurchase ProgramPeriodNumber of Shares PurchasedAverage Price per ShareMaximum Dollar Amount Still Available Under Share Repurchase PlanBeginning balance $25,000,000 April 1 - 30, 2025— $— 25,000,000 May 1 - 31, 2025207,016 $13.71 22,162,265 June 1 - 30, 2025150,262 $14.39 20,000,012 Total357,278 $20,000,012 

During the three months ended June 30, 2025, we repurchased 357,278 ordinary shares at an average price of $13.99 per share, for a total of $5.0 million.

Item 3.    DEFAULTS UPON SENIOR SECURITIES 

None.

Item 4.    MINE SAFETY DISCLOSURES

Not applicable.

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Item 5.    OTHER INFORMATION

(c) Insider Trading Arrangements and Related Disclosures

Our directors and executive officers may purchase or sell shares of our ordinary shares in