Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 42

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 breakdown of the Company’s restricted cash and cash equivalents, along with a reconciliation of the total cash, cash equivalents, and restricted cash reported in the condensed consolidated statements of cash flows: June 30, 2025December 31, 2024Restricted cash and cash equivalents:  Cash securing trust accounts$253,125 $256,796   Cash securing letters of credit issued307,463 312,855   Cash securing Loan Facility10,000 10,000   Other6,110 4,751 Total restricted cash and cash equivalents576,698 584,402 Cash and cash equivalents82,362 64,685 Total cash, cash equivalents, and restricted cash$659,060 $649,087 

6.      FAIR VALUE MEASUREMENTS

Assets measured at fair value on a nonrecurring basisAt June 30, 2025, the Company held $67.2 million (December 31, 2024: $63.4 million) of private investments and unlisted equities measured at fair value on a nonrecurring basis. At June 30, 2025, the Company held $7.1 million (December 31, 2024: $8.5 million) of private investments and unlisted equities measured at cost. The Company classifies these investments as Level 3 within the fair value hierarchy. The following table summarizes the periods between the most recent fair value measurement dates and June 30, 2025, for the private and unlisted equities measured at fair value on a nonrecurring basis:Less than 6 months6 to 12 monthsOver 1 yearTotalFair values measured on a nonrecurring basis$4,376 $23,380 $39,484 $67,240 Assets measured at fair value on a recurring basisDerivative financial instrumentsThe Company uses interest rate swaps in connection with its risk management activities to hedge 50% of the interest rate risk relating to the outstanding Term Loans (see Note 9). The interest rate swaps are carried at fair value and are determined using a market approach valuation technique based on significant observable market inputs from third-party pricing vendors.  Accordingly, the interest rates swaps are classified as Level 2 within the fair value hierarchy. These derivative instruments are not designated as accounting hedges under U.S. GAAP.For the six months ended June 30, 2025 and 2024, the Company recognized a nominal