GREENLIGHT CAPITAL RE, LTD.
For the period ended Jun 30, 2025. Filed Aug 4, 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.
Jun 30, 2025 · Filed Aug 4, 2025
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Liquidity
The following table summarizes our sources and uses of funds:
| Six months ended June 30 | ||
|---|---|---|
| 2025 | 2024 | |
| Total cash provided by (used in): | ||
| Operating activities | $78,819 | $40,669 |
| Investing activities | (62,932) | (70,246) |
| Financing activities | (6,875) | (11,876) |
| Effect of currency exchange on cash | 961 | (107) |
| Net cash inflows (outflows) | 9,973 | (41,560) |
| Cash, beginning of period (1) | 649,087 | 655,730 |
| Cash, end of period | $659,060 | $614,170 |
(1)Cash includes unrestricted and restricted cash and cash equivalents - see Note 5 of the financial statements.
Cash provided by operating activities
The $38.2 million increase in cash provided by operating activities in YTD 2025 compared to YTD 2024 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 $7.3 million decrease in cash used for investing activities was driven mainly by the lower net contribution in Solasglas in YTD 2025 compared to YTD 2024.
Cash used in financing activities
During YTD 2025, we repurchased $5.0 million of our ordinary shares, compared to none in YTD 2024. Additionally, we partially repaid $1.9 million of the Term Loans in YTD 2025, compared to $11.9 million in YTD 2024.
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