Company: GLRE
Filing Date: 2025-03-10
Form Type: 10-K
Source: 0001385613-25-000007
Chunk: 562

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-03-10
Form: 10-K
Item: Item 1A
Chunk 562
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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 Monetary Authority (“CIMA”). Greenlight Re commenced underwriting in April 2006. •Greenlight Reinsurance Ireland, Designated Activity Company (“GRIL”), domiciled in Ireland since 2010, is authorized as a non-life reinsurance undertaking in accordance with the provisions of the European Union (Insurance and Reinsurance) Regulations 2015. GRIL provides multi-line property and casualty reinsurance capacity to the European broker market and provides GLRE with an additional platform to serve clients located in Europe and North America.• Greenlight Re Marketing (UK) Limited, domiciled in the United Kingdom (“U.K.”) since 2020, is a U.K. company formed