GREENLIGHT CAPITAL RE LTD
For the period ended Dec 31, 2024. Filed Mar 10, 2025.
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FY2024 · Filed Mar 10, 2025
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Contractual Obligations and Commitments
At December 31, 2024, our contractual obligations and commitments by period due were as follows:
| Less than 1 year | 1-3 years | 3-5 years | More than 5 years | Total | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Loss and loss adjustment expense reserves (1) | $338,361 | $297,034 | $105,899 | $119,675 | $860,969 |
| Operating lease obligations (2) | 686 | 377 | — | — | 1,063 |
| Financing activities | |||||
| Debt (principal payments) (3) | 3,016 | 57,297 | — | — | 60,313 |
| Total | $342,062 | $354,708 | $105,899 | $119,675 | $922,345 |
(1) Due to the nature of our reinsurance operations, the actual amount and timing of the cash flows associated with our reinsurance contractual liabilities will fluctuate, perhaps materially, and, therefore, are highly uncertain. We have not taken into account corresponding reinsurance recoverable on unpaid amounts that would be due to us.
(2) See Note 16 “Commitments and Contingencies” of the consolidated financial statements.
(3)See Note 9 “Debt and Credit Facilities” of the consolidated financial statements.
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