Company: GLRE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001385613-25-000113
Chunk: 41

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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9

Summarized Statements of Operations of Solasglas Investments, LPThree months ended September 30Nine months ended September 302025202420252024Investment incomeDividend income (net of withholding taxes)$1,030 $752 $5,207 $2,524 Interest income5,060 3,540 13,509 10,040 Total Investment income6,090 4,292 18,716 12,564 ExpensesManagement fee(1,695)(1,613)(5,181)(4,344)Interest(4,924)(817)(10,395)(2,887)Dividends(884)(782)(2,561)(2,217)Research and operating(335)(262)(1,306)(921)Total expenses(7,838)(3,474)(19,443)(10,369)Net investment income (loss)(1,748)818 (727)2,195 Realized and change in unrealized gains (losses) Net realized gain (loss)(57,283)23,647 (1,594)86,677 Net change in unrealized appreciation (depreciation)39,484 4,801 4,246 (24,582)Net gain (loss) on investment transactions(17,799)28,448 2,652 62,095 Net increase (decrease) in Partners' capital (1)$(19,547)$29,265 $1,925 $64,289 GLRE’s share of the increase (decrease) in Partners' capital$(14,404)$19,844 $(483)$42,422 (1) The net increase in Partners’ capital is net of management fees and performance allocation presented below:Three months ended September 30Nine months ended September 302025202420252024Management fees$1,695 $1,613 $5,181 $4,344 Performance allocation(1,519)2,205 28 4,714 Total$176 $3,818 $5,209 $9,058 

4.      OTHER INVESTMENTS  

 At September 30, 2025, the breakdown of the Company’s other investments was as follows:CostUnrealizedgainsUnrealizedlossesAccrued interestFair value / carrying valuePrivate investments and unlisted equ