Company: OXBRW
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001493152-25-021063
Chunk: 101

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 101
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 net worth requirement for each subsidiary is $500. As of September
30, 2025, each subsidiary exceeded the minimum required. By law, each subsidiary is restricted from paying a dividend if such a dividend
would cause its net worth to drop to less than the required minimum.

Cash
Flows

Our
cash flows from operating, investing, and financing activities for the nine-month periods ended September 30, 2025 and 2024 are summarized
below.

Cash
Flows for the Nine months ended September 30, 2025 (in thousands)

Net
cash used in operating activities for the nine-months ended September 30, 2025 totaled $1,781, which consisted primarily of cash received
net written premiums less cash disbursed for operating expenses. Net provided by investing activities was $63, which consisted of consideration
received on sale of investment in Jet.AI. Net cash provided by financing activities was $3,001 which consisted of net proceeds from issuance
of ordinary shares through the Company’s ATM facility and the registered direct offering completed during the period.

Cash
Flows for the Nine months ended September 30, 2024 (in thousands)

Net
cash used in operating activities for the nine-months ended September 30, 2024 totaled $53 which consisted primarily of cash received
net written premiums less cash disbursed for operating expenses. Net cash provided by investing activities of $448 which was due to the
repayment of the note receivable by Jet.AI and the proceeds from the sale of two of our equity securities. Net cash provided by financing
activities was $681 which consisted primarily of net proceeds from Epsilon Cat Re participation shares represented by digital tokens
offset by the payments made to DeltaCat Re tokenholders.

32

OFF-BALANCE
SHEET ARRANGEMENTS

As
of September 30, 2025, we had no off-balance sheet arrangements as defined in Item 303(a)(4) of Regulation S-K.

Exposure
to Catastrophes

As
with other reinsurers, our operating results and financial condition could be adversely affected by volatile and unpredictable natural
and man-made disasters, such as hurricanes, windstorms, earthquakes, floods, fires, riots and explosions. Although we attempt to limit
our exposure to levels, we believe are acceptable, it is possible that an actual catastrophic event or multiple catastrophic events could
have a material adverse effect on our financial condition, results of operations and cash flows. As described under