Company: GLRE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001385613-25-000058
Chunk: 15

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 15
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 1-in-250-year return period.

April 1, 2025Net 1-in-250 Year Return PeriodPerilSingle Event LossAggregate LossNorth Atlantic Hurricane$122,855 $135,950 Southeast Hurricane106,910 108,463 Gulf of Mexico Hurricane57,378 60,710 Northeast Hurricane59,665 59,797 North America Earthquake119,223 121,740 California Earthquake103,926 104,508        Pacific Northwest Earthquake46,800 46,800 New Madrid Earthquake18,050 18,050 Japan Earthquake34,025 34,701 Japan Windstorm19,632 20,587 Europe Windstorm64,573 69,325 

Debt

Our total debt decreased by $0.9 million, or 1.5%, to $59.8 million from $60.7 million at December 31, 2024 due to the quarterly loan installment payment. Refer to Note 9 “Debt and Credit Facilities” of the condensed consolidated financial statements for further information.

Total shareholders’ equity

Total shareholders’ equity increased by $30.9 million to $666.8 million, compared to $635.9 million at December 31, 2024. The increase was primarily due to the net income of $29.6 million reported for the period, coupled with share-based compensation adjustment to additional paid-in capital.

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Liquidity and Capital Resources

Refer to the “Liquidity and Capital Resources” section included in Item 7 of our 2024 Form 10-K for a general discussion of our liquidity and capital resources.

Liquidity

The following table summarizes our sources and uses of funds:

Three months ended March 3120252024Total cash provided by (used in):Operating activities$10,379 $17,960 Investing activities(15,995)(29,832)Financing activities(938)(938)Effect of currency exchange on cash(1)226 (114)Net cash outflows(6,328)(12,924)Cash, beginning of period649,087 655,730 Cash, end of period$642,759 $642,806 

(1) Cash includes unrestricted and restricted cash and cash equivalents - see Note 5 of the financial statements.

Cash provided by operating activities

The $7.6 million decrease in cash provided by operating activities was driven