Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 43

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 43
---
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 nine-month periods ended September 30, 2025 and 2024 (dollars in thousands, except per
share amounts):

    Three
                                            Months Ended September
                                            30,  
    Nine
                                            Months Ended September
                                            30, 

    2025  
    2024  
    2025  
    2024 

    Revenue 

    Assumed premiums 
    $-  
    $-  
    $2,222  
    $2,379 
  
    Change in unearned premiums
    reserve 
     555  
     595  
     (490) 
     (671)

    Net premiums earned 
     555  
     595  
     1,732  
     1,708 
  
    SurancePlus management
    fee income 
     -  
     -  
     1  
     312 
  
    Net investment and other
    income 
     79  
     62  
     251  
     188 
  
    Realized gain on other
    investments 
     -  
     -  
     35  
     - 
  
    Interest and gain on redemption
    of loan receivable 
     -  
     -  
     -  
     41 
  
    Unrealized loss on other
    investments 
     -  
     (424) 
     (20) 
     (1,937)
  
    Change
    in fair value of equity securities 
     11  
     (28) 
     2  
     (188)

    Total
    revenue 
     645  
     205  
     2,001  
     124 

    Expenses 

    Losses and loss adjustment expenses 
     -  
     -  
     2,293  
     -