Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 51

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 the required minimum.

Cash
Flows

Our
cash flows from operating, investing, and financing activities for the six-month periods ended June 30, 2025 and 2024 are summarized
below.

Cash
Flows for the Six months ended June 30, 2025 (in thousands)

Net
cash used in operating activities for the six months ended June 30, 2025 totaled $1,899,
which consisted primarily of cash received net written premiums less cash disbursed for operating expenses. Net provided by investing
activities was $63, which consisted of consideration received on sale of investment in
Jet.AI. Net cash provided by financing activities was $2,596 which consisted of net
proceeds from issuance of ordinary shares through the Company’s ATM facility and the registered direct offering completed during
the period.

Cash
Flows for the Six months ended June 30, 2024 (in thousands)

Net
cash used in operating activities for the six months ended June 30, 2024 totaled $311, which consisted primarily of cash received
net written premiums less cash disbursed for operating expenses. Net provided by investing activities of $448 which was due to the repayment
of the note receivable by Jet.AI and the proceeds from the sale of two of our equity securities. Net cash provided by financing activities
was $103 which consisted primarily of net proceeds from Epsilon Cat Re participation shares represented by digital tokens offset by
the payments made to DeltaCat Re tokenholders.

32

OFF-BALANCE
SHEET ARRANGEMENTS

As
of June 30, 2025, we had no off-balance sheet arrangements as defined in Item 303(a)(4) of Regulation S-K.

Exposure
to Catastrophes

As
with other reinsurers, our operating results and financial condition could be adversely affected by volatile and unpredictable natural
and man-made disasters, such as hurricanes, windstorms, earthquakes, floods, fires, riots and explosions. Although we attempt to limit
our exposure to levels, we believe are acceptable, it is possible that an actual catastrophic event or multiple catastrophic events could
have a material adverse effect on our financial condition, results of operations and cash flows. As described under “CRITICAL ACCOUNTING
POLICIES—Reserves for Losses and Loss Adjustment Expenses” below, under accounting principles generally accepted in
the United States of America (‘‘GAAP’’), we are not permitted to establish loss reserves with respect to