Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 1101

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 7A
Chunk 1101
---
 (Unaudited)

    (In thousands) 
     
    (In thousands)

    SurancePlus fee & investment income 
    $634 
     
    $
    574

    Underwriting-related income 
    $2,050 
     
    $
    1,140

    Total revenue 
    $2,684 
     
    $
    1,714

    Expenses 
    $(201)
     
    $
    (272
    )
  
    Income attributable to token holders 
    $(1,867)
     
    $
    (1,036
    )
  
    Net income 
    $616 
     
    $
    406

    Balance Sheet Data: 
    At
    December 31, 2024 
     
    At December 31, 2023

    (Unaudited) 
     
    (Unaudited)

    (In thousands) 
     
    (In thousands)

    Total assets 
    $4,794 
     
    $
    3,588

    Amounts due to EpsilonCat Re / DeltaCat Re tokenholders* 
    $2,284 
     
    $
    2,016

    Due to Parent 
    $40 
     
    $
    47

    Total shareholders’ equity 
    $2,470 
     
    $
    1,525

    *
    includes
    underwriting profit of $552,000 due to Parent.

    F-17

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements, Continued

7.
RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES

The
following table summarizes the Company’s loss and loss adjustment expenses (“LAE”) and the reserve for loss and LAE
reserve movements for the years ended December 31, 2024 and 2023

 SCHEDULE
OF LOSS ADJUSTMENT EXPENSES 

    2024  
    2023 

    For Years ended 

    December 31, 

    2024  
    2023 

    ($ in thousands) 

    Gross balance, beginning of year 
    $         -  
     1,073 
  
    Incurred, net of reinsurance, related to: 

    Current year 
     -  
     - 
  
    Prior year