Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 12

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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 the straight-line attribution method for all grants that include only a service condition. Compensation expenses related
to all awards is included in general and administrative expenses.

Accounting
Updates: From time to time, new accounting pronouncements are issued by the FASB or other
standard-setting bodies that are adopted by the Company as of the specified effective date. Unless otherwise discussed, the Company believes
that the effect of recently issued standards that are not yet effective will not have a material effect on its consolidated financial
position or results of operations upon adoption.

Segment
Information: Under GAAP, operating segments are based on the internal information that management uses for allocating resources
and assessing performance as the source of the Company’s reportable segments. The Company manages its business on the basis of
one operating segment, Web 3/Property and Casualty Reinsurance, in accordance with the qualitative and quantitative criteria established
under GAAP.

Reclassifications:
Any reclassifications of prior period amounts have been made to conform to the current period presentation.

3.
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS

SUMMARY
OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS

    At
                                                                                September 30, 2025  
    At
                                                                                                  December 31, 2024 

    (in thousands) 

    Cash on deposit 
    $726  
    $2,135 
  
    Restricted cash held in
    trust 
     6,450  
     3,758 
  
    Total 
    $7,176  
    $5,893 

Cash
and cash equivalents are held by large and reputable counterparties in the United States of America and in the Cayman Islands. Restricted
cash held in trust is custodied with Truist Bank, and is held in accordance with the Company’s trust agreements with the ceding
insurers and trustees, which require that the Company provide collateral having a market value greater than or equal to the limit of
liability, less unpaid premium.

    11

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements (unaudited)

September
30, 2025

4.
INVESTMENTS

The
Company from time to time invests in fixed-maturity debt securities and equity securities, with its fixed-m