Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 41

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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Total other investments$33,560 $52,808 $(10,411)$79 $76,036 

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At December 31, 2024, the breakdown of the Company’s other investments was as follows:CostUnrealizedgainsUnrealizedlossesAccrued interestFair value / carrying valuePrivate investments and unlisted equities$28,111 $51,076 $(7,320)$— $71,867 Debt and convertible debt securities2,713 — (1,510)90 1,293 Total other investments$30,824 $51,076 $(8,830)$90 $73,160 The following table presents the carrying values of the private investments and unlisted equity securities carried under the measurement alternative at June 30, 2025 and 2024, and the related adjustments recorded during the periods then ended.  Six months ended June 3020252024Carrying value (1)$74,372 $71,866 Upward carrying value changes (2)$1,747 $501 Downward carrying value changes and impairment (3)$(1,597)$(114)(1) The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes.(2) The cumulative upward carrying value changes from inception to June 30, 2025, totaled $55.2 million.(3) The cumulative downward carrying value changes and impairments from inception to June 30, 2025, totaled $11.3 million.Net investment incomeThe following table summarizes the change in unrealized gains (losses) and the realized gains (losses) for the Company’s other investments, which are included in “Net investment income” in the condensed consolidated statements of operations (see Note 13):Three months ended June 30Six months ended June 302025202420252024Gross realized gains$— $— $5 $— Gross realized losses— — — (1,332)Net realized gains (losses)$— $— $5 $(1,332)Change in unrealized gains33 89 139 1,008 Net realized and unrealized gains (losses) on other investments$33 $89 $144 $(324)

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5.       RESTRICTED CASH AND CASH EQUIVALENTS

The following table shows the