Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 258

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 258
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    (in thousands) 
  
    Cash held on deposit 
    $2,135  
    $495 
  
    Restricted cash held in trust 
     3,758  
     3,250 
  
    Total 
    $5,893  
    $3,745 

Cash
and cash equivalents are held by large and reputable counterparties in the United States of America and in the Cayman Islands. Restricted
cash held in trust is custodied with Truist Bank, and is held in accordance with the Company’s trust agreements with the ceding
insurers and trustees, which require that the Company provide collateral having a market value greater than or equal to the limit of
liability, less unpaid premium.

    F-11

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES 

Notes
to Consolidated Financial Statements, Continued

4.
INVESTMENTS

The
Company from time to time invests in fixed-maturity securities and equity securities, with its fixed-maturity securities classified as
available-for-sale. At December 31, 2024 and 2023, the Company did not hold any available-for-sale securities.

There
were no sales of equity securities in 2023. Proceeds received, and the gross realized gains and losses from sale of equity securities,
for the year ended December 31, 2024 are as follows:

 SCHEDULE
OF PROCEEDS RECEIVED, GROSS REALIZED GAINS AND LOSSES FROM SALE OF EQUITY SECURITIES

    Equity securities, Gross proceeds from sales  
    Equity securities, Gross Realized Gains  
    Equity securities, Gross Realized Losses 

    Gross proceeds from sales  
    Gross Realized Gains  
    Gross Realized Losses 

    ($ in thousands) 

    Year ended December 31, 2024 

    Equity securities 
    $307  
    $               -  
    $              - 

Other
Investments 

On
August 7, 2023, Oxbridge Acquisition Corp. (“OXAC”) held an extraordinary general meeting at which the business
combination with Jet Token, Inc. was approved by OXAC shareholders. In conjunction with the business combination, OXAC was
redomesticated as a Delaware entity, and changed its name to Jet.AI Inc (“Jet.AI”). The business combination was closed on August 10,