Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 114

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 114
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 per share by writing business that generates attractive underwriting profits relative to the risk we bear. Additionally,
we intend to complement our underwriting profits with investment profits on an opportunistic basis. Our underwriting business focus is
on fully collateralized reinsurance contracts for property catastrophes, primarily in the Gulf Coast region of the United States. Within
that market and risk category, we attempt to select the most economically attractive opportunities across a variety of property and casualty
insurers. As we attempt to grow our capital base, we expect that we will consider further growth opportunities in other geographic areas
and risk categories.

Our
level of profitability is primarily determined by how adequately our premiums assumed and investment income cover our costs and expenses,
which consist primarily of acquisition costs and other underwriting expenses, claim payments and general and administrative expenses.
One factor leading to variation in our operational results is the timing and magnitude of any follow-on offerings we undertake (if any),
as we are able to deploy new capital to collateralize new reinsurance treaties and consequently, earn additional premium revenue. In
addition, our results of operations may be seasonal in that hurricanes and other tropical storms typically occur during the period from
June 1 through November 30. Further, our results of operations may be subject to significant variations due to factors affecting the
property and casualty insurance industry in general, which include competition, legislation, regulation, general economic conditions,
judicial trends, and fluctuations in interest rates and other changes in the investment environment.

Because
we employ an opportunistic underwriting and investment philosophy, period-to-period comparisons of our underwriting results may not be
meaningful. In addition, our historical investment results may not necessarily be indicative of future performance. Due to the nature
of our reinsurance and investment strategies, our operating results will likely fluctuate from period to period.

Compared
to most of our competitors, we are small and have low overhead expenses. We believe that our expense efficiency, agility and existing
relationships support our competitive position and allows us to profitably participate in lines of business that fit within our strategy.
Over time we expect our expense advantage to erode as the industry acts to reduce frictional costs.

Recent
Developments

Formation
of SurancePlus

SurancePlus,
an indirectly owned subsidiary of the Company, was incorporated as a British Virgin Islands Business Company on December 19, 2022 for
the purpose of tokenizing reinsurance contracts underwritten by its affiliated licensed reinsurer, Oxbridge Re NS.

On
March