Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 5

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 12
Chunk 5
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    Financial Statements

    Report of Independent Registered Public Accounting Firm - (PCAOB ID 400)
     
    F-1

    Consolidated Balance Sheets at December 31, 2024 and 2023
     
    F-2

    Consolidated Statements of Operations for the years ended December 31, 2024 and 2023
     
    F-3

    Consolidated Statements of Cash Flows for the years ended December 31, 2024 and 2023
     
    F-4

    Consolidated Statements of Changes in Shareholders’ Equity for the years ended December 31, 2024 and 2023
     
    F-6

    Notes to Consolidated Financial Statements
     
    F-7

    Financial
    Statements Schedules

47

Report
of Independent Registered Public Accounting Firm

To
the Shareholders and the Board of Directors

Oxbridge
Re Holdings Limited

Grand
Cayman, Cayman Islands:

Opinion
on the Consolidated Financial Statements

We
have audited the accompanying consolidated balance sheets of Oxbridge Re Holdings Limited and Subsidiaries (the “Company”),
as of December 31, 2024 and 2023 and the related consolidated statements of operations, changes in shareholders’ equity and cash
flows for the years then ended and the related notes and the consolidated financial statement schedules (collectively referred to as
the “consolidated financial statements”). In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the consolidated financial position of the Company as of December 31, 2024 and 2023, and the consolidated
results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in
the United States of America.

Basis
for Opinion

These
consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion
on the Company’s consolidated financial statements based on our audits. We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company
in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and