GREENLIGHT CAPITAL RE, LTD.
For the period ended Mar 31, 2025. Filed May 7, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
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Liquidity
The following table summarizes our sources and uses of funds:
| Three months ended March 31 | ||
|---|---|---|
| 2025 | 2024 | |
| Total cash provided by (used in): | ||
| Operating activities | $10,379 | $17,960 |
| Investing activities | (15,995) | (29,832) |
| Financing activities | (938) | (938) |
| Effect of currency exchange on cash(1) | 226 | (114) |
| Net cash outflows | (6,328) | (12,924) |
| Cash, beginning of period | 649,087 | 655,730 |
| Cash, end of period | $642,759 | $642,806 |
(1)Cash includes unrestricted and restricted cash and cash equivalents - see Note 5 of the financial statements.
Cash provided by operating activities
The $7.6 million decrease in cash provided by operating activities was driven mainly by the ebb and flow from our underwriting activities. Cash inflows from underwriting activities generally include premiums, net of acquisition costs, and reinsurance recoverables. Cash outflows principally include payments of losses and LAE, payments of retrocession premiums, and operating expenses. Cash provided by operating activities may vary significantly from period to period due to the timing of these inflows and outflows.
Cash used in investing activities
The $13.8 million decrease in cash used for investing activities was driven mainly by the lower net contribution in Solasglas in Q1 2025 compared to Q1 2024.
Cash used in financing activities
The cash used in our financing activities relates to the quarterly installment for the outstanding Term Loans.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.