Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 875

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 5
Chunk 875
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 31, 2025 more
than offsetting funds being released from the underlying trusts for treaty year ending May 31, 2024.

36

Investments.
As of December 31, 2024, our equity securities decreased by $567,000 to $113,000, from $680,000 as of December 31, 2023. The
decrease is primarily a result of the sale of two of the equity securities and the decrease in value of the equity securities during
the year ended December 31, 2024.

Other
investments. As of December 31, 2024, our other investments decreased to $48,000 from $2.48 million at December 31,
2023. The decrease is due primarily to the fair value changes of our investment in Jet.AI in which the Company has an equity
investment measured at fair value as well as proceeds on redemption of Series A-1 Preferred Stock.

Notes
Payable to Noteholders. As of December 31, 2024 our notes payable remained stable at $118,000.

Other
liabilities – EpsilonCat Re and DeltaCat Re Tokenholders. As of December 31, 2024, amounts due to CatRe tokenholders
increased to $1.73 million from $1.52 million at December 31, 2023. The increase is due to the proceeds from third-party investors
purchasing the EpsilonCat Re participation shares represented by digital tokens (net of management fees), plus seven months of
underwriting-relating income that is attributable to third-party tokenholders outweighing returns paid to investors who invested in
DeltaCat Re.

Unearned
Premiums Reserve. As of December 31, 2024, our unearned premiums reserve increased by $76,000, to $991,000 from $915,000 at December
31, 2024. The increase is due to reinsurance contracts placed for the 2024-2025 treaty year.

LIQUIDITY
AND CAPITAL RESOURCES

General

We
are organized as a holding company and provide administrative and management services to our subsidiaries, as well as to Oxbridge
Acquisition up to the time of its business combination with Jet.AI in August 2023. Our operations are conducted through our reinsurance subsidiaries, Oxbridge Reinsurance
Limited and Oxbridge Re NS and our Web3 focused subsidiary, SurancePlus, which includes the underwriting of risks associated with
our property