Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 543

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1B
Chunk 543
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 underlying insurance policies as the performance obligation is
satisfied at that time.

Cash
and cash equivalents: Cash and cash equivalents are comprised of cash and short- term investments with original maturities of
three months or less.

Restricted
cash and cash equivalents: Restricted cash and cash equivalents represent funds held in accordance with the Company’s trust
agreements with ceding insurers and trustees, which requires the Company to maintain collateral with a market value greater than or equal
to the limit of liability, less unpaid premium.

Investments:
The Company from time to time invests in fixed-maturity securities and equity securities, and for which its fixed-maturity securities
are classified as available-for-sale. The Company’s available for sale fixed-maturity investments are carried at fair value with
changes in fair value included as a separate component of accumulated other comprehensive income (loss) in shareholders’ equity.
For the Company’s investment in equity securities, and for the Company’s investment in Jet.AI. classified as “other
investments”, the changes in fair value are recorded within the consolidated statements of operations. At December 31, 2024 and
2023, the Company did not own any fixed maturity debt securities.

Unrealized
gains or losses are determined by comparing the fair market value of the securities with their cost or amortized cost. Realized gains
and losses on investments are recorded on the trade date and are included in the consolidated statements of operations. The cost of securities
sold is based on the specified identification method. Investment income is recognized as earned and discounts or premiums arising from
the purchase of debt securities are recognized in investment income using the interest method over the remaining term of the security.

Non-controlling
interests: Non-controlling interests represent the portion of net assets and net income of consolidated subsidiaries that are
not attributable to the Company. The Company recognizes non-controlling interests as a separate component of equity in the consolidated
balance sheets and separately presents the portion of net income (loss) attributable to non-controlling interests in the consolidated
statements of operations. Changes in the Company’s ownership interests in its subsidiaries that do not result in loss of control
are accounted for as equity transactions. The Company evaluates all transactions with non-controlling interest holders based on Accounting Standards Codification 810
guidance and records any gains or losses directly to equity.

Fair
value measurement: GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure
fair value. The hierarchy gives the highest priority to