← GREENLIGHT CAPITAL RE, LTD.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $25.3m $86.8m $42.8m $74.8m
Net Income (Loss) Attributable to Parent $44.9m ($45.0m) ($350.1m) ($4.0m) $3.9m $17.6m $25.3m $86.8m $42.8m $74.8m
Net Income (Loss) Available to Common Stockholders, Basic $44.9m ($45.0m) ($354.3m) ($4.0m) $3.9m $17.6m $25.3m $86.8m $42.8m $74.8m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $46.7m ($44.4m) ($354.3m) ($4.0m) $3.9m $17.6m $25.3m $86.8m — —
Net Income (Loss) Attributable to Noncontrolling Interest — $578k ($4.3m) $0 — — — — — —
Amortization of Debt Issuance Costs — — — — $13.3m — — — — —
Deferred Policy Acquisition Costs, Amortization Expense $134.5m $161.7m $145.5m $117.1m $109.3m $145.0m $143.1m $168.9m $176.8m $184.9m
Depreciation, Nonproduction $390k $368k $260k $21k $21k $16k $0 $0 — —
Amortization Cash Flow — — — — — $2.3m $79k — — —
Amortization Of Intangibles — — — — — $2.3m $79k — — —
Depreciation — — — — — $16k — — — —
Deferred Income Tax Expense (Benefit) $17k $14k $4k — — — — — — —
Share-based Payment Arrangement, Noncash Expense $4.0m $4.9m $4.6m $3.9m $2.5m $3.2m $4.7m $6.1m $4.5m $7.1m
Gain (Loss) on Extinguishment of Debt — — — — $5.8m — $343k $265k $0 $0
Income (Loss) from Equity Method Investments — — ($247k) $700k $843k $0 $0 $28.7m $33.6m $35.7m
Income Tax Expense (Benefit) $509k ($451k) $332k $483k $424k $3.7m ($816k) $100k $749k $3.5m
Operating Lease, Expense — — — — — $400k $600k $600k $700k $600k
Earnings (Loss)es From Equity Investments — — — — — $0 $0 ($28.7m) — —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($2.2m) ($705k) ($411k) ($374k) $850k $2.9m $134k — — —
Debt and Equity Securities, Unrealized Gain (Loss) — — — — — — — — — ($10.8m)
Debt Securities, Trading, Gain (Loss) — — — — — — — — — $49k
Equity Securities, FV-NI, Realized Gain (Loss) — — — — — — — — ($986k) ($917k)
Foreign Currency Transaction Gain (Loss), before Tax ($3.1m) ($5.3m) ($186k) ($270k) ($83k) ($45k) ($6.2m) $11.6m ($5.6m) $8.5m
Foreign Currency Transaction Gain (Loss), Realized — — — — — — ($6.2m) — — —
General and Administrative Expense $25.8m $26.4m $25.2m $29.8m $26.4m $29.4m $31.6m $43.2m — —
Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims $380.8m $502.4m — $388.5m $337.8m $375.0m $316.5m $360.0m $427.3m $411.6m
Provision for Loan, Lease, and Other Losses — — — — $15.0m $15.0m — — — —
Unrealized Gain (Loss) on Derivatives — — — — — — — ($600k) ($300k) $0
Beginning Cash Position — — — — — — $711.1m $706.5m $655.7m $649.1m
Cash Flow From Continuing Financing Activities — — — — — — ($19.8m) ($5.3m) ($21.2m) ($65.1m)
Cash Flow From Continuing Investing Activities — — — — — — $47.0m ($53.1m) ($96.6m) ($149.2m)
Change In Account Payable — — — — — — $13.9m ($36.2m) $36.9m ($10.0m)
Change In Other Current Assets — — — — — ($2.9m) ($134k) — — —
Change In Other Current Liabilities — — — — — $2.2m ($767k) — — —
Change In Other Working Capital — — — — — — ($774k) $5.5m ($3.4m) $7.6m
Change In Payable — — — — — — $13.9m ($36.2m) $36.9m ($10.0m)
Change In Payables And Accrued Expense — — — — — — $13.9m ($36.2m) $36.9m ($10.0m)
Change In Prepaid Assets — — — — — — ($18.1m) $892k ($12.3m) ($9.7m)
Change In Receivables — — — — — — ($102.3m) ($126.3m) ($145.2m) $44.5m
Change In Working Capital — — — — — — $3.1m ($53.6m) $96.0m $153.0m
Changes In Account Receivables — — — — — — ($102.3m) ($126.3m) ($145.2m) $44.5m
Changes In Cash — — — — — — ($4.6m) ($50.9m) ($6.3m) ($4.1m)
End Cash Position — — — — — — $706.5m $655.7m $649.1m $643.7m
Financing Cash Flow — — — — — — ($19.8m) ($5.3m) ($21.2m) ($65.1m)
Free Cash Flow — — — — — — ($31.8m) $7.5m $111.5m $210.2m
Gain Loss On Investment Securities — — — — — — ($65.0m) ($30.7m) ($32.7m) ($24.0m)
Investing Cash Flow — — — — — — $47.0m ($53.1m) ($96.6m) ($149.2m)
Net Business Purchase And Sale — — — — — — $60.2m ($52.0m) ($94.6m) ($81.7m)
Net Foreign Currency Exchange Gain Loss — — — — — $45k $6.2m — — —
Operating Gains Losses — — — — — — ($65.0m) ($30.7m) ($32.7m) ($24.0m)
Other Non Cash Items — — — — — — $282k $923k — —
Purchase Of Business — — — — — — ($65.1m) ($131.0m) ($128.6m) ($95.7m)
Repurchase Of Capital Stock — — — — — — ($35k) $0 ($7.5m) ($9.8m)
Sale Of Business — — — — — — $125.4m $79.0m $34.0m $14.0m
Stock Based Compensation — — — — — — $4.7m $6.1m $4.5m $7.1m
Unrealized Gain Loss On Investment Securities — — — — — ($19.6m) ($9.9m) — — —
Gain (Loss) on Investments — — — — — — — $1.7m ($918k) ($11.7m)
Other Operating Income (Expense), Net ($935k) ($560k) ($2.2m) $2.3m $3.1m ($880k) ($11.8m) $6.3m $2.1m $0
Net Cash Provided by (Used in) Operating Activities ($35.8m) $94.4m ($59.3m) $1.6m ($91.3m) ($56.3m) ($31.8m) $7.5m $111.5m $210.2m
Cash flows from investing activities:
Net Investment Purchase And Sale — — — — — — ($13.2m) ($1.1m) ($841k) ($67.0m)
Purchase Of Investment — — — — — — ($13.2m) ($7.1m) ($1.7m) ($69.7m)
Sale Of Investment — — — — — — $0 $6.0m $889k $2.7m
Net Other Investing Changes — — — — — $26.9m — $6.0m ($1.1m) ($441k)
Net Cash Provided by (Used in) Investing Activities ($30.4m) ($106.5m) ($845.3m) $63.3m $95.6m $23.1m $47.0m ($53.1m) ($96.6m) ($149.2m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $0 $75.0m $0 $0
Long Term Debt Issuance — — — — — — $0 $75.0m $0 $0
Net Issuance Payments Of Debt — — — — — — ($19.8m) ($5.3m) ($13.8m) ($55.3m)
Net Long Term Debt Issuance — — — — — — ($19.8m) ($5.3m) ($13.8m) ($55.3m)
Long Term Debt Payments — — — — — — ($19.8m) ($80.3m) ($13.8m) ($55.3m)
Repayment Of Debt — — — — — — ($19.8m) ($80.3m) ($13.8m) ($55.3m)
Net Common Stock Issuance — — — — — — ($35k) $0 ($7.5m) ($9.8m)
Payments for Repurchase of Common Stock $0 $2.8m $16.5m $0 $17.8m $10.0m $35k $0 $7.5m $9.8m
Common Stock Payments — — — — — — ($35k) $0 ($7.5m) ($9.8m)
Proceeds from (Payments to) Noncontrolling Interests ($7.8m) $2.1m ($13.7m) — — — — — — —
Proceeds from (Payments for) Other Financing Activities $0 $0 — — — — — — — —
Net Cash Provided by (Used in) Financing Activities $0 ($2.8m) $80.1m $0 ($17.8m) ($10.0m) ($19.8m) ($5.3m) ($21.2m) ($65.1m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($3.0m) ($4.7m) ($3.4m) ($290k) ($122k) $0 $59k $100k ($345k) ($1.3m)
Effect Of Exchange Rate Changes — — — — — — $59k $100k ($345k) ($1.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($3.0m) ($4.7m) ($827.9m) $64.7m ($13.6m) ($43.2m) ($4.6m) ($50.8m) ($6.6m) ($5.4m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($3.0m) ($4.7m) $703.2m $767.9m $754.3m $711.1m $706.5m $655.7m $649.1m $643.7m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($4.6m) ($50.8m) ($6.6m) ($5.4m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $7.8m $10.1m $11.1m $3.9m $4.0m $4.0m $4.1m $5.1m $5.2m $4.8m
Income Taxes Paid, Net $0 $0 $4k $0 $0 $3.7m $664k ($1.0m) $223k $1.2m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.