Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 41

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 41
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 of Regulation D promulgated thereunder. The Company has agreed to file a registration statement
providing for the resale by the Investors of the ordinary shares issuable upon exercise of the Warrants within 60 days of the date of
the Securities Purchase Agreement.

The
Company held an annual meeting on May 8, 2025, and shareholders approved the issuance of the ordinary shares underlying the Series B
Warrants at the combined effective offering price of $4.25 pursuant to applicable Nasdaq rules.

The
Company paid the Placement Agent a cash fee of 6.0% of the gross proceeds from the Offering and reimburse the Placement Agent for its
expenses, including the reimbursement of legal fees up to an aggregate of $45,000.

27

PRINCIPAL
REVENUE AND EXPENSE ITEMS

Revenues

We
derive our most significant revenues from three principal sources:

    ●
    premiums
    assumed from reinsurance on property and casualty business;

    ●
    income
    from investments and unrealized (loss) gain on other investments;

    ●
    income
    from SurancePlus management fees.

Premiums
Assumed

Premiums
assumed include all premiums received by a reinsurance company during a specified accounting period, even if the policy provides coverage
beyond the end of the period. Premiums are earned over the term of the related policies. At the end of each accounting period, the portion
of the premiums that are not yet earned are included in the unearned premiums reserve and are realized as revenue in subsequent periods
over the remaining term of the policy. Our policies typically have a term of twelve months. Thus, for example, for a policy that is written
on July 1, 2025, typically one-half of the premiums will be earned in 2025 and the other half will be earned during 2026. However, in
the event of limit losses on our policies, premium recognition will be accelerated to match losses incurred in the period, when there
is no possibility of any future treaty-year losses under the contracts.

Premiums
from reinsurance on property and casualty business assumed are directly related to the number, type and pricing of contracts we write.

Premiums
assumed are recorded net of change in loss experience refund, which consists of changes in amounts due to the cedants under two of our
reinsurance contracts. These contracts contain retrospective provisions that adjust premiums in the event losses are minimal or zero.
We recognize a