---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-006713"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:32:26.254197+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Genie Energy forms captive insurance subsidiary; records $45M non-cash charge in Q4 2023

## Summary
- Paid $51M in premiums to wholly-owned captive insurance entity in Q4 2023.
- One-time non-cash charge of ~$45M for insurance loss reserve in Q4 2023; no impact on Adjusted EBITDA.
- Year-end 2023 cash, restricted cash, and marketable equity securities estimated at ~$165M vs $121M in 2022.
- Expands consumer product portfolio to include insurance products distributed through retail channels.
- Management expects positive contributions from insurance initiatives beginning in 2024.

## SEC filing metadata
- accession: 0001213900-24-006713
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390024006713/0001213900-24-006713-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390024006713/ea192264-8k_genieenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-006713
- JSON: https://secwatch.observer/filing/0001213900-24-006713.json
- Plain text: https://secwatch.observer/filing/0001213900-24-006713.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.