Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 999

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 7
Chunk 999
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The
following management discussion and analysis is intended to help the reader understand our business, financial condition, results of
operations, liquidity and capital resources. You should read this discussion in conjunction with our Consolidated Financial Statements
and the related notes contained elsewhere in this Annual Report on Form 10-K for the fiscal year ended December 31, 2024.

This
discussion contains forward-looking statements that are not historical facts, including statements about our beliefs and expectations.
These statements are based upon current plans, estimates and projections. Our actual results may differ materially from those projected
in these forward-looking statements as a result of various factors. See “Forward Looking Statements” appearing at
the beginning of this Annual Report on Form 10-K and Item 1A, “Risk Factors.”

General

The
following is a discussion and analysis of our results of operations for the years ended December 31, 2024 and 2023 and our financial
condition as of December 31, 2024 and 2023. The following discussion should be read in conjunction with our consolidated financial statements
and related notes included elsewhere in this Annual Report on Form 10-K. References to “we,” “us,” “our,”
“our company,” or “the Company” refer to Oxbridge Re Holdings Limited and its subsidiaries, Oxbridge
Reinsurance Limited, Oxbridge Re NS, SurancePlus Holdings Ltd., SurancePlus, Inc. and DSN Blockchain Technologies Ltd., unless the context
dictates otherwise.

Overview
and Trends

We
are a Cayman Islands specialty property and casualty reinsurer that provides reinsurance solutions through our reinsurance subsidiaries,
Oxbridge Reinsurance Limited and Oxbridge Re NS. We focus on underwriting fully collateralized reinsurance contracts primarily for property
and casualty insurance companies in the Gulf Coast region of the United States, with an emphasis on Florida. We specialize in underwriting
medium frequency, high severity risks, where we believe sufficient data exists to analyze effectively the risk/return profile of reinsurance
contracts. Oxbridge Re NS functions as a reinsurance sidecar which increases the underwriting capacity of Oxbridge Reinsurance Limited.
Oxbridge Re NS issues participating notes to third party investors, the proceeds of which are utilized to collateralize Oxbridge Reinsurance
Limited’s reinsurance obligations.

29

In
addition to our historical reinsurance business operations, in 2023, our newest subsidiary, SurancePlus, began developing, offering,
and selling a tokenized reinsurance security