Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 22

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
---
 due to EpsilonCat Re / DeltaCat Re / ZetaCat Re / EtaCat Re tokenholders** 
     5,317  
     2,284 
  
    Due to Parent 
     90  
     40 
  
    Total shareholder’s equity 
     4,872  
     2,470 

    *
    represents allocation to tokenholders capital and income toward Hurricane Milton loss
  
    **
    includes
    underwriting profit of $556,000 (2024: $552,000) due to Parent.

    16

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements (unaudited) 

June
30, 2025

7.
RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES

SCHEDULE
OF LOSS ADJUSTMENT EXPENSES

    At June 30,  
    At June 30, 

    2025  
    2024 

    (in thousands) 

    Balance, beginning of period 
    $-  
    $- 
  
    Incurred related to: 

    Current period 
     -  
     - 
  
    Prior period 
     2,293  
     - 
  
    Total incurred 
     2,293  
     - 
  
    Paid related to: 

    Current period 
     -  
     - 
  
    Prior period 
     2,118  
     - 
  
    Total paid 
     2,118  
     - 
  
    Balance, end of period 
    $175  
    $- 

When
losses occur, the reserves for losses and LAE are typically comprised of case reserves (which are based on claims that have been
reported) and IBNR reserves (which are based on losses that are believed to have occurred but for which claims have not yet been
reported and include a provision for expected future development on existing case reserves). The Company typically suffers limit
losses in the event of a Category 3 or above hurricane making landfall in a populated area where the Company has catastrophe risk
exposure. During the three and six months ended June 30, 2025, the attachment layer reinsured by the Company under one of its
contract was penetrated as a result of adverse loss development from Hurricane Milton. As a result,