GREENLIGHT CAPITAL RE, LTD.
For the period ended Sep 30, 2026. Filed Nov 2, 2026.
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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.
Sep 30, 2026 · Filed Nov 2, 2026
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Capital Resources
The following table summarizes our debt and capital structure:
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Debt - outstanding principal | $5,000 | $5,000 |
| Shareholders’ equity | 694,547 | 707,977 |
| Total capital | $699,547 | $712,977 |
| Ratio of debt to shareholders’ equity | 0.7% | 0.7% |
The ratio of debt to shareholders’ equity provides an indication of our leverage and capital structure, along with some insights into our financial strength. In addition to the above capital, we also have LC facilities to support our reinsurance business operations where we are not licensed or admitted as a reinsurer.
Ordinary Shares
At September 30, 2026, there were 32,460,395 outstanding ordinary shares, a decrease of 1,437,314 since December 31, 2025, mainly due to 1,606,894 of share repurchases, coupled with the net forfeited performance restricted stock awards previously granted. This was partially offset by the issuance of ordinary shares for vested service RSUs.
We expect that the existing capital base and internally generated funds will be sufficient to implement our business strategy for the foreseeable future.
LC Facilities
See Note 10 of the financial statements for details of all outstanding LC facilities, including the new and amended CIBC LC facilities in April 2026, resulting in an increase from $200 million to $300 million of total committed LC facilities by CIBC.
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