Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 50

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 50
---
in thousands)

Net
cash used in operating activities for the nine-months ended September 30, 2025 totaled $1,781, 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 $3,001 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 Nine months ended September 30, 2024 (in thousands)

Net
cash used in operating activities for the nine-months ended September 30, 2024 totaled $53 which consisted primarily of cash received
net written premiums less cash disbursed for operating expenses. Net cash 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 $681 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 September 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 losses
that may be incurred under reinsurance contracts until the occurrence of an event which may give rise to a claim. As a result, only loss
reserves applicable to losses incurred up to the reporting date may be established, with no provision for a contingency reserve to account
for expected future losses