Company: OXBRW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009673
Chunk: 9

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 9
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 premium taxes and other direct expenses 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-month periods ended March 31, 2025
and 2024 (dollars in thousands, except per share amounts):

    Three Months Ended March 31, 

    2025  
    2024 

    Revenue 

    Change in unearned premiums reserve 
     595  
     549 

    Net premiums earned 
     595  
     549 
  
    Net investment and other income 
     79  
     62 
  
    Interest and gain on redemption of loan receivable 
     -  
     41 
  
    Unrealized loss on other investments 
     (20) 
     (688)
  
    Realized gain on other investments 
     35  
     - 
  
    Change in fair value of equity securities 
     3  
     (89)

    Total revenue 
     692  
     (125)

    Expenses 

    Policy acquisition costs and underwriting expenses 
     65  
     60 
  
    General and administrative expenses 
     505  
     488 

    Total expenses 
     570  
     548 

    Income (loss) before income attributable to tokenholders and non-controlling
    interests 
     122  
     (673)

    Income attributable to tokenholders 
     (247) 
     (232)

    Loss before income attributable to non-controlling interests 
     (125) 
     (905)

    Income attributable to non-controlling interests 
     (14) 
     - 

    Net loss attributable to ordinary shareholders 
     (139) 
     (905)

    Loss per share attributable to shareholders 

    Basic and Diluted 
     (0.02) 
     (0.15)

    Weighted-average shares outstanding 

    Basic and Diluted 
     6,899,062  
     6,005,162