Company: GLRE
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001385613-25-000055
Chunk: 32

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 32
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 as a baseline reference by the Compensation Committee to assist it in establishing and assessing target total compensation levels, as well as target compensation levels for individual components of compensation for our executive officers. When making compensation decisions, we also look at the compensation of our NEOs relative to the compensation paid to similarly-situated executives at companies that we consider to be our peers, which is referred to as “benchmarking.” However, we believe that a benchmark serves as a point of reference, but is not a determinative factor, for our executives’ compensation. Such comparative information is just one of the factors considered in setting executive compensation and the Compensation Committee has the discretion to consider the nature and extent of its use.

The peer group used to assist in making the compensation decisions for 2024, which we refer to as our peer group, was selected primarily based on the peer companies’ similarities to us as of the time the survey was performed, based on factors such as business mix, revenue and other financial information. In 2024, one company, Hamilton Insurance Group, Ltd., was added to our peer group following that company’s initial public offering in late 2023.

| The 2024 peer group is comprised of the following companies: |     |                                  |     |                             |
| Arch Capital Group, Ltd.                                     |     | Everest Group, Ltd.              |     | Lancashire Holdings Limited |
| AXIS Capital Holdings Limited                                |     | Hamilton Insurance Group, Ltd.   |     | Proassurance Corporation    |
| Conduit Holdings Limited                                     |     | Hiscox Ltd.                      |     | RenaissanceRe Holdings Ltd. |
| Employers Holdings, Inc.                                     |     | James River Group Holdings, Ltd. |     | SiriusPoint, Ltd.           |
| Enstar Group Limited                                         |     | Kinsale Capital Group, Inc.      |     | United Fire Group, Inc.     |

The Compensation Committee strives to target total pay at levels that are within reasonable range of market based on various criteria, including, but not limited to, experience, time in role, performance, and scope of responsibility in comparison to benchmarks.

#### Base Salary
We use base salary to recognize the experience, skills, knowledge, roles and responsibilities of our employees and executive officers. When establishing the base salaries of our NEOs, our Compensation Committee considers a number of factors, including:

• the individual’s years of experience;

• the functional role of the individual’s position;

• the level of the individual’s responsibility and contribution to the Company’s