Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 474

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 474
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 the payment of a reinstatement
premium equal to or greater than the original premium upon the occurrence of a full limit loss, the reinstatement premiums are earned
over the original contract period. Reinstatement premiums that are contractually calculated on a pro-rata basis of the original premiums
are earned over the remaining coverage period.

Unearned
Premiums Ceded: The Company may reduce the risk of future losses on business assumed by reinsuring certain risks and exposures
with other reinsurers (retrocessionaires). The Company remains liable to the extent that any retrocessionaire fails to meet its obligations
and to the extent that the Company does not hold sufficient security for their unpaid obligations.

Ceded
premiums are written during the period in which the risk incept and are expensed over the contract period in proportion to the period
of protection. Unearned premiums ceded consist of the unexpired portion of the reinsurance obtained. There were no unearned premiums
ceded at December 31, 2024 and 2023.

SurancePlus
Fee Income: SurancePlus incentive, technology, origination and management (“ITOM”) fee income represents fee income
related to the completion of the EpsilonCat Re and DeltaCat tokenized reinsurance securities as well as placement of the underlying insurance
policies. The Company recognizes the associated revenue at the time of the placement of the underlying insurance policies as the performance
obligation is satisfied at that time.

Uncertain
income tax positions: The authoritative GAAP guidance on accounting for, and disclosure of, uncertainty in income tax positions
requires the Company to determine whether an income tax position of the Company is more likely than not to be sustained upon examination
by the relevant tax authority, including resolution of any related appeals or litigation processes, based on the technical merits of
the position. For income tax positions meeting the more likely than not threshold, the tax amount recognized in the consolidated financial
statements, if any, is reduced by the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate
settlement with the relevant taxing authority. The application of this authoritative guidance has had no effect on the Company’s
consolidated financial statements because the Company had no uncertain tax positions at December 31, 2024.

Loss
Per Share: Basic loss per share has been computed on the basis of the weighted-average number of ordinary shares outstanding
during the years presented. Diluted loss per share is computed based on the weighted-average number of ordinary shares