Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 100

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 100
---
% 
     355.5% 
     105.7%

General.
Net loss for the quarter ended June 30, 2025 was $1.87 million, or ($0.25) basic and diluted loss per share compared to a net loss of
$821,000, or ($0.14) basic and diluted loss per share, for the quarter ended June 30, 2024. The increase in net loss is primarily due
to the recording of full limit loss on one of the reinsurance contracts during the quarter ended June 30, 2025 when compared with the
prior period.

Net
loss for the six-months ended June 30, 2025 was $2.01 million, or ($0.28) basic and diluted loss per share compared to a net loss of $1.73
million, or ($0.29) basic and diluted loss per share, for the six months ended June 30, 2024. The increase in net loss is primarily due
to the recording of full limit loss on one of the reinsurance contracts during the quarter ended June 30, 2025 when compared with the
prior period.

Premium
Income. Net premiums earned typically reflects the pro rata inclusion into income of premiums assumed over the life of the reinsurance
contracts.

Net
premiums earned for the quarter ended June 30, 2025 increased to $582,000 from $564,000 for the quarter ended June 30, 2024. The increase
is due to the rates on contracts that were in force in the quarter ended June 30, 2025 when compared to the contracts in force in the
prior-year period.

Net
premiums earned for the six-months ended June 30, 2025 increased to $1.18 million from $1.11 million for the quarter ended June 30,
2024. The increase is due to the rates on contracts that were in force in the quarter ended June 30, 2025 when compared to the
contracts in force in the prior-year period.

Losses
Incurred. During the three-month period ending June 30, 2025, one of our reinsurance contracts
experienced adverse loss development stemming from Hurricane Milton, and we recognized a full limit loss of $2.3 million. There were
no losses incurred during the three month period ending June 30, 2024.

During
the six-month period ending June 30