Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 476

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 476
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Any reclassifications of prior period amounts have been made to conform to the current period presentation.

3.
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS

SUMMARY OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS

    2024  
    2023 

    At December 31, 

    2024  
    2023 

    (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  
    $