Company: GLRE
Filing Date: 2025-08-04
Form Type: 10-Q
Source: 0001385613-25-000079
Chunk: 82

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-08-04
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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 equity securities.

In connection with equity securities held by Solasglas at June 30, 2025, a 10% decline in the price of each of the underlying listed equity securities and equity-based derivative instruments would result in a $0.5 million unrealized gain on our investment in Solasglas.

Commodity Prices Risk

In connection with Solasglas’ long or short investment in commodities or derivatives directly impacted by fluctuations in the prices of commodities, the following table summarizes the net impact that a 10% movement in commodity prices would have on the fair value of Solasglas’ investment portfolio. The below table excludes the indirect effect that changes in commodity prices might have on equity securities in the Solasglas’ investment portfolio.

10% increase in commodity prices10% decrease in commodity pricesAt June 30, 2025  ($ in millions)Gold$9.1 $(7.7)Copper3.2 (1.6)Uranium0.5 (0.5)Crude oil0.1 (0.1)Total$12.9 $(9.9)

Foreign Currency Risk

SILP Investment

In connection with the underlying cash, forwards, options, and investments in securities denominated in foreign currencies held by Solasglas at June 30, 2025, a 10% increase in the value of the U.S. dollar against foreign currencies (mostly Euro) would result in a $3.0 million unrealized loss on our investment in Solasglas.

Reinsurance Portfolio and Cash

The following table summarizes the net impact of a hypothetical 10% currency rate movement relating to our primary foreign denominated reinsurance net monetary assets or liabilities and cash (including balances held at Lloyd's):

June 30, 2025Net Asset (Liability) Exposure10% increase in currency rate10% decrease in currency rateBritish Pound£107,409 $(14,758)$14,758 Euro€(11,796)1,391 (1,391)Total foreign exchange gain (loss)$(13,367)$13,367 

Interest Rate Risk

In connection with the interest rate derivatives held in Solasglas at June 30, 2025, a 100 basis points increase in interest rates would result in a $19.6 million unrealized loss on our investment in Solasglas.

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Item 4.    CONTROLS AND PROCEDURES

Disclosure Controls and Procedures

As required