Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 44

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 a period of years.

Policy
Acquisition Costs and Underwriting Expenses

Policy
acquisition costs and underwriting expenses consist primarily of brokerage fees, ceding commissions, premium taxes and other direct expenses
that relate to our writing of reinsurance contracts. We amortize deferred acquisition costs over the related contract term.

General
and Administrative Expenses

General
and administrative expenses consist of salaries and benefits and related costs, including costs associated with our professional fees,
rent and other general operating expenses consistent with operating as a public company.

29

RESULTS
OF OPERATIONS

The
following is our consolidated statement of operations
and performance ratios for the three- and six-month periods ended June 30, 2025 and 2024 (dollars in thousands, except per share
amounts):

    Three Months Ended  June, 30  
    Six Months Ended  June 30, 

    2025  
    2024  
    2025  
    2024 

    Revenue 

    Assumed premiums 
    $2,222  
    $2,379  
    $2,222  
    $2,379 
  
    Change in unearned premiums reserve 
     (1,640) 
     (1,815) 
     (1,046) 
     (1,266)

    Net premiums earned 
     582  
     564  
     1,176  
     1,113 
  
    SurancePlus management fee income 
     1  
     312  
     1  
     312 
  
    Net investment and other income 
     93  
     65  
     173  
     126 
  
    Realized gain on other investments 
     -  
     -  
     35  
     - 
  
    Interest and gain on redemption of loan receivable 
     -  
     -  
     -  
     41 
  
    Unrealized loss on other investments 
     -  
     (825) 
     (20) 
     (1,513)
  
    Change in fair value of equity securities 
     (12) 
     (72) 
     (9) 
     (160)

    Total revenue 
     664  
     44  
     1,356