Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 46

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 excise taxes incurred on reinsurance
contracts placed. Policy acquisition costs for the quarter ending September 30, 2025 decreased to $61,000 from $66,000 for the quarter
ending September 30, 2024. The decrease is due to the rates on contracts in force in the quarter ended September 30, 2025, and the resulting
acquisition costs, when compared to the rates on contracts in the prior-year period.

Policy
acquisition costs for the nine-months ended September 30, 2025 increased from $188,000 to $191,000 for the nine-months ended September
30, 2025. The increase is due to the rates on contracts in force in the quarter ended September 30, 2025, and the resulting acquisition
costs, when compared to the rates on contracts in the prior-year period.

General
and Administrative Expenses. General and administrative expenses for the quarter ended September 30, 2025 increased to $754,000
from $432,000 for the quarter ended September 30, 2024. The increase is primarily due to increased professional costs relating to investor
relations, our web3 subsidiary tokenization costs, S-3 related costs, increased human resources and personnel costs and legal
expenditures.

General
and administrative expenses for the nine-months ended September 30, 2025 increased to $2.52 million, from $1.49 million for the nine-months ended September 30, 2024. The increase is primarily due to increased professional costs relating to investor relations, our web3
subsidiary tokenization costs, S-3 related costs, increased human resources and personnel costs and legal expenditures.

MEASUREMENT
OF RESULTS

We
use various measures to analyze the growth and profitability of business operations. For our reinsurance business, we measure growth
in terms of premiums assumed and we measure underwriting profitability by examining our loss, underwriting expense and combined ratios.
We analyze and measure profitability in terms of net income and return on average equity.

Premiums
Assumed. We use gross premiums assumed to measure our sales of reinsurance products. Gross premiums assumed also correlate to
our ability to generate net premiums earned.

Loss
Ratio. The loss ratio is the ratio of losses and loss adjustment expenses incurred to premiums earned and measures the underwriting
profitability of our reinsurance business. The loss ratio remained consistent at 0% for the three-month period ended September 202