Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 58

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 7
Chunk 58
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.75   Diluted$1.24 $2.50 $0.73 Weighted average number of ordinary shares used in the determination of EPS:  Basic34,097,572 34,067,974 33,908,156   Diluted34,653,453 34,797,859 39,769,790 

The accompanying Notes to the Consolidated Financial Statements are an

 integral part of the Consolidated Financial Statements. 

F-5

GREENLIGHT CAPITAL RE, LTD.

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY

 For the years ended December 31, 2024, 2023, and 2022 

(expressed in thousands of U.S. dollars)

202420232022Ordinary share capitalBalance - beginning of period$3,534 $3,482 $3,384 Issue of ordinary shares, net of forfeitures4 52 99 Repurchase of ordinary shares(55)— (1)Balance - end of period3,483 3,534 3,482 Additional paid-in capitalBalance - beginning of period484,532 478,439 481,784 Cumulative effect of adoption of accounting guidance for convertible debt at January 1, 2022— — (7,896)Repurchase of ordinary shares(7,433)— (34)Share-based compensation expense4,452 6,093 4,585 Balance - end of period481,551 484,532 478,439 Retained earningsBalance - beginning of period108,029 21,199 (9,505)Cumulative effect of adoption of accounting guidance for convertible debt at January 1, 2022— — 5,362 Net income42,816 86,830 25,342 Balance - end of period150,845 108,029 21,199 Total shareholders' equity$635,879 $596,095 $503,120 

The accompanying Notes to the Consolidated Financial Statements are an

 integral part of the Consolidated Financial Statements. 

F-6

GREENLIGHT CAPITAL RE, LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the years ended December 31, 2024, 2023, and 2022 

(expressed in thousands of U.S. dollars)

 202420232