Company: GLRE
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001385613-25-000058
Chunk: 28

Company: GREENLIGHT CAPITAL RE, LTD.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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 activitiesProceeds from redemptions of investment in Solasglas14,000 — Contributions to investment in Solasglas(30,000)(30,000)Proceeds on disposal of other investments5 168 Net cash used in investing activities(15,995)(29,832)Cash flows from financing activitiesRepayment of Term Loans(938)(938)Net cash used in financing activities(938)(938)Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash226 (114)Decrease in cash, cash equivalents and restricted cash(6,328)(12,924)Cash, cash equivalents and restricted cash at beginning of the period  649,087 655,730 Cash, cash equivalents and restricted cash at end of the period $642,759 $642,806 Supplementary information Interest paid in cash$1,362 $1,724 Income tax paid (refund received) in cash(9)— 

The accompanying Notes to the Condensed Consolidated Financial Statements are an

 integral part of the Condensed Consolidated Financial Statements. 

7

GREENLIGHT CAPITAL RE, LTD.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

March 31, 2025 

1.      ORGANIZATION AND BASIS OF PRESENTATION 

Organization Greenlight 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.  The Company is a global specialty property and casualty reinsurer headquartered in the Cayman Islands. The ordinary shares of GLRE are listed on Nasdaq Global Select Market under the symbol “GLRE.”Basis of PresentationThese unaudited condensed consolidated financial statements (the “financial statements”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information, and with the U.S. Securities and Exchange Commission’s (“SEC”) instructions to Quarterly Report on Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. The financial statements should be read in conjunction with the Company’s audited consolidated financial statements included in the Company’s 2024 Form 10-K. The financial statements include the accounts of GL