Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 84

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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 director and officer of the Company and its subsidiaries, entered into subscription
agreement to purchase a total of 9,245 Series Epsilon Cat Re tokens at a purchase price of $10.00 per token for aggregate gross proceeds
of $92,447. Ownership of EpsilonCat Re tokenized reinsurance securities indirectly conferred fractionalized interests in reinsurance
contracts underwritten by Oxbridge Re NS for the 2024-2025 treaty year.

HCI
and Tailrow Insurance exchange (“HCI”) Contract

During
the nine-month period ended September 30, 2025, the Company entered into a reinsurance agreement with HCI, which is a related entity through
common directorship. At September 30, 2025, included within premium receivable, deferred acquisition costs and unearned premiums on the
consolidated balance sheets are amounts equal to $460,000, $76,000 and $689,000 respectively, relating to the reinsurance agreement with
HCI. During the nine-month period ended September 30, 2025, included within assumed premiums, change in unearned premium
reserve and policy acquisition costs and underwriting expenses on the consolidated statements of operations are amounts equal to $1,033,000,
$(689,000) and $38,000, respectively.

TypTap
Insurance Company (“TypTap”) Contract

During
the year ended  December 31, 2024 the Company entered into a reinsurance agreement with TypTap, an insurance subsidiary of HCI Group,
Inc., which is a related entity through common directorship. At September 30, 2025, included within premium receivable, deferred acquisition
costs and unearned premiums on the consolidated balance sheets are amounts equal to $0, $0 and $0 respectively, relating to the reinsurance
agreement with TypTap. During the nine-month period ended September 30, 2025, included within assumed premiums, change in unearned premium
reserve and policy acquisition costs and underwriting expenses on the consolidated statements of operations are amounts equal to $0,
$418,000 and $(46,000), respectively.

16.
SUBSEQUENT EVENTS

We
evaluate all subsequent events and transactions for potential recognition or disclosure in our consolidated financial statements. There were no events subsequent to September 30, 2025 for which disclosure was required.

23

Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

SPECIAL
NOTE ABOUT FORWARD-LOOKING STATEMENTS

Certain