Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 386

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 8
Chunk 386
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(1,730)(7,136)(13,223)Proceeds on disposal of other investments889 6,000 — Purchases of other assets (1,072)— — Net cash (used in) provided by investing activities(96,562)(53,133)47,015 Cash flows from financing activitiesProceeds from Term Loans— 75,000 — Repayment of Term Loans(13,752)(947)— Repayment of convertible senior notes payable— (62,147)— Repurchase of convertible senior notes payable— (17,198)(19,793)Repurchase of shares(7,488)— (35)Net cash used in financing activities(21,240)(5,292)(19,828)Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash(345)100 59 Decrease in cash, cash equivalents and restricted cash(6,643)(50,818)(4,553)Cash, cash equivalents and restricted cash at beginning of the period  655,730 706,548 711,101 Cash, cash equivalents and restricted cash at end of the period $649,087 $655,730 $706,548 Supplementary information Interest paid in cash$5,190 $5,121 $4,124 Income tax paid (refund received) in cash223 (1,022)664 

The accompanying Notes to the Consolidated Financial Statements are an

 integral part of the Consolidated Financial Statements. 

F-7

GREENLIGHT CAPITAL RE, LTD.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Years ended December 31, 2024, 2023, and 2022  

1.   ORGANIZATION AND BASIS OF PRESENTATION 

OrganizationGreenlight Capital Re, Ltd. (“GLRE” and, together with its wholly-owned subsidiaries, the “Company”) was incorporated as an exempted company under the Companies Law of the Cayman Islands on July 13, 2004. At December 31, 2024, the Company has the following wholly-owned subsidiaries:•Greenlight Reinsurance, Ltd. (“Greenlight Re”), domiciled in the Cayman Islands, is a Class D insurer license issued in accordance with the terms of The Insurance Act, 2010 (as amended) and underlying regulations thereto (the “Act”) and is subject to regulation by the Cayman Islands