GREENLIGHT CAPITAL RE, LTD.

For the period ended Dec 31, 2025. Filed Mar 9, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 9, 2026

GLRE$16.37+1.5%Stored close · as of Nov 10, 2026

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Contents

Schedule II – Condensed Financial Information of Registrant

SCHEDULE II

CONDENSED BALANCE SHEETS — PARENT COMPANY ONLY

	December 31, 2025	December 31, 2024
Assets
Cash and cash equivalents	$1,710	$5,297
Investment in subsidiaries	710,747	690,932
Due from subsidiaries	—	154
Other assets	452	542
Total assets	$712,909	$696,925
Liabilities and equity
Liabilities
Debt	$4,724	$60,749
Other liabilities	160	282
Due to subsidiaries	48	15
Total liabilities	4,932	61,046
Shareholders’ equity
Share capital	3,390	3,483
Additional paid-in capital	478,910	481,551
Retained earnings	225,677	150,845
Total shareholders’ equity	707,977	635,879
Total liabilities and equity	$712,909	$696,925

CONDENSED STATEMENT OF OPERATIONS — PARENT COMPANY ONLY

	2025	2024	2023
Revenue
Net investment income	$85	$143	$5
Other income (expense)	—	(60)	239
Total revenues	85	83	244
Expenses
Corporate expenses	8,043	6,059	9,042
Interest expense	4,366	5,836	5,344
Total expenses	12,409	11,895	14,386
Loss before equity in net income of subsidiaries	(12,324)	(11,812)	(14,142)
Equity in net income of subsidiaries	87,156	54,628	100,972
Net income	$74,832	$42,816	$86,830
Comprehensive income	$74,832	$42,816	$86,830

SCHEDULE II (continued)

CONDENSED STATEMENTS OF CASH FLOWS — PARENT COMPANY ONLY

	2025	2024	2023
Cash flows from operating activities
Net income	$74,832	$42,816	$86,830
Adjustments to reconcile net income or loss to net cash provided by operating activities:
Equity in earnings of consolidated subsidiaries	(87,156)	(54,628)	(100,972)
Net realized gain on repurchases of convertible senior notes payable	—	—	(265)
Share-based compensation expense	6,082	3,884	5,550
Accretion of debt offering costs, net of change in interest accruals	(712)	1,220	(1,696)
Net change in:
Due from subsidiaries	154	(154)	28,400
Other assets	90	86	125
Other liabilities	(122)	(430)	631
Due to subsidiaries	33	(181)	(635)
Net cash provided by (used in) operating activities	(6,799)	(7,387)	17,968
Cash flows from investing activities
Dividends and return of capital from subsidiaries	68,500	42,500	8,316
Contributions to subsidiaries	(150)	(10,500)	(20,043)
Net cash provided by (used in) investing activities	68,350	32,000	(11,727)
Cash flows from financing activities
Repurchase of ordinary shares	(9,825)	(7,488)	—
Repayment of debt	(55,313)	(13,752)	(947)
Proceeds from Term Loans	—	—	75,000
Repayment of convertible senior notes payable	—	—	(62,147)
Repurchase of convertible senior notes payable	—	—	(17,198)
Net cash used in financing activities	(65,138)	(21,240)	(5,292)
Net increase (decrease) in cash and cash equivalents	(3,587)	3,373	949
Cash and cash equivalents at beginning of the year	5,297	1,924	975
Cash and cash equivalents at end of the year	$1,710	$5,297	$1,924
Supplementary information:
Non cash consideration to subsidiaries, net	$(1,009)	$(572)	$(595)

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