Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 33

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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Item 1.   FINANCIAL STATEMENTS 

GREENLIGHT CAPITAL RE, LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

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

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

 June 30, 2025December 31, 2024Assets  Investments Investment in related party investment fund, at fair value$461,265 $387,144 Other investments76,036 73,160 Total investments537,301 460,304 Cash and cash equivalents82,362 64,685 Restricted cash and cash equivalents576,698 584,402 Reinsurance balances receivable (Note 15)755,296 704,483 Loss and loss adjustment expenses recoverable (Note 8)93,971 85,790 Deferred acquisition costs 98,816 82,249 Unearned premiums ceded36,623 29,545 Other assets6,957 4,765 Total assets$2,188,024 $2,016,223 Liabilities and equity Liabilities Loss and loss adjustment expense reserves$944,985 $860,969 Unearned premium reserves383,424 324,551 Reinsurance balances payable106,103 105,892 Funds withheld22,577 21,878 Other liabilities8,728 6,305 Debt 58,889 60,749 Total liabilities1,524,706 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, 34,198,153) (2024: par value $0.10; issued and outstanding, 34,831,324)3,420 3,483 Additional paid-in capital479,097 481,551 Retained earnings180,801 150,845 Total shareholders' equity663,318 635,879 Total liabilities and equity$2,188,024 $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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