Company: GLRE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001385613-25-000058
Chunk: 31

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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$497,112 GLRE’s share of Partners' capital$435,341 $387,144 

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Summarized Statements of Operations of Solasglas Investments, LPThree months ended March 3120252024Investment incomeDividend income (net of withholding taxes)$1,490 $831 Interest income3,627 4,352 Total Investment income5,117 5,183 ExpensesManagement fee(1,730)(1,323)Interest(1,701)(1,334)Dividends(761)(704)Research and operating(485)(324)Total expenses(4,677)(3,685)Net investment income 440 1,498 Realized and change in unrealized gains (losses) Net realized gain (loss) 19,105 42,945 Net change in unrealized appreciation (depreciation)27,018 (16,245)Net gain on investment transactions46,123 26,700 Net increase in Partners' capital (1)$46,563 $28,198 GLRE’s share of the increase in Partners' capital$32,197 $18,248 (1) The net increase in Partners’ capital is net of management fees and performance allocation presented below:Three months ended March 3120252024Management fees$1,730 $1,323 Performance allocation3,578 2,028 Total$5,308 $3,351 

4.      OTHER INVESTMENTS  

 At March 31, 2025, the breakdown of the Company’s other investments was as follows:CostUnrealizedgainsUnrealizedlossesAccrued interestFair value / carrying valuePrivate investments and unlisted equities $28,111 $51,559 $(7,697)$— $71,973 Debt and convertible debt securities2,713 — (1,510)90 1,293 Total other investments$30,824 $51,559 $(9,207)$90 $73,266 

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At December 31, 2024, the breakdown of the Company’s other investments was as follows:CostUnrealizedgainsUnrealizedlossesAccrued interestFair value / carrying valuePrivate investments and unlisted equities$28,111 $51,076 $(7,320)$— $71,867