绿光资本 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June30, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromto Commission file number 001-33493____________________________________________________________________________________ GREENLIGHT CAPITAL RE, LTD.(Exact name of registrant as specified in its charter)____________________________________________________________________________________ N/A (I.R.S. employer identification no.) (205) 291-3440(Registrant’s telephone number, including area code) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredOrdinary SharesGLRENasdaq Global Select Market Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.: Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act)Yes☐No☒ At August3, 2026, there were 32,641,344 ordinary shares outstanding, $0.10 par value per share, of the registrant. GREENLIGHT CAPITAL RE, LTD. TABLE OF CONTENTS Page PART I — FINANCIAL INFORMATIONNote on Forward-Looking Statements3Item 1.Financial Statements4Condensed Consolidated Balance Sheets as of June 30, 2026 (unaudited) and December 31, 20254Condensed Consolidated Statements of Operations for the three and six months ended June 30,2026 and 2025 (unaudited)5Condensed Consolidated Statements of Changes in Shareholders' Equity for the three and sixmonths ended June 30, 2026 and 2025 (unaudited)6Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and2025 (unaudited)7Notes to the Condensed Consolidated Financial Statements (unaudited)8Item 2.Management's Discussion and Analysis of Financial Condition and Results of Operations28Item 3.Quantitative and Qualitative Disclosures about Market Risk47Item 4.Controls and Procedures48PART II — OTHER INFORMATIONItem 1.Legal Proceedings50Item 1A.Risk Factors50Item 2.Unregistered Sales of Equity Securities and Use of Proceeds50Item 3.Defaults Upon Senior Securities51Item 4.Mine Safety Disclosures51Item 5.Other Information51Item 6.Exhibits51SIGNATURES52 PART I — FINANCIAL INFORMATION NOTE OF FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (herein referred to as “Form 10-Q”) of Greenlight Capital Re, Ltd. (“Greenlight Capital Re,”“Company,” “us,” “we,” or “our”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements,other than statements of historical facts included in this report, including statements regarding estimates, projections, statementsrelating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements arebased, are “forward-looking statements”. We intend these forward-looking statements to be covered by the safe harbor provisionsfor forward-looking statements in the United States (“U.S.”) federal securities laws established by the Private Securities LitigationReform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “predict,” “expect,”“anticipate,” “estimate,” “intend,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similarexpressions.Forward-looking statements are not historical facts,and are base