Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 149

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 15
Chunk 149
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    Additional paid-in capital 
     34,105  
     32,740 
  
    Accumulated Deficit 
     (30,163) 
     (27,414)
  
    Total Oxbridge shareholders’ equity 
     3,948  
     5,332 
  
    Non-controlling interests 
     162  
     - 
  
    Total shareholders’ equity 
     4,110  
     5,332 
  
    Total liabilities and shareholders’ equity 
    $7,465  
     8,253 

See
accompanying Notes to Consolidated Financial Statements

F-2

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated
Statements of Operations

(expressed
in thousands of U.S. Dollars, except per share amounts)

    2024  
    2023 

    Years Ended December 31, 

    2024  
    2023 

    Revenue 

    Assumed premiums 
    $2,379  
     2,170 
  
    Change in unearned premiums reserve 
     (76) 
     (915)

    Net premiums earned 
     2,303  
     1,255 
  
    SurancePlus fee income 
     312  
     300 
  
    Net investment and other income 
     248  
     303 
  
    Interest and gain on redemption of Series A-1 preferred shares 
     47  
     - 
  
    Interest and gain on redemption of loan receivable 
     41  
     - 
  
    Unrealized loss on other investments 
     (2,145) 
     (8,945)
  
    Change in fair value of equity securities 
     (260) 
     38)

    Total revenue 
    $546  
     (7,049)

    Expenses 

    Policy acquisition costs and underwriting expenses 
     254  
     141 
  
    General and administrative expenses 
     1,917  
     2,183 

    Total expenses 
    $2,171  
     2,324 

    Loss before income attributable to tokenholders and non-controlling interests 
    $(1,625) 
     (9,373)

    Income attributable to tokenholders 
     (962)