Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 434

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 434
---
 United States holders of our ordinary shares are subject. There are no reciprocal
tax treaties between the Cayman Islands and the United States.

Dividend
Policy

The
declaration and payment of dividends will be at the discretion of our Board of Directors and will depend on our results of operations
and cash flows, our financial position and capital requirements, general business conditions, rating agency guidelines (if applicable),
any legal, tax, regulatory and contractual restrictions on the payment of dividends, and any other factors considered relevant by our
Board of Directors. Our ability to pay dividends will also depend on the requirements of any future financing agreements to which we
may be a party and the ability of our reinsurance subsidiaries, or other subsidiaries, to pay dividends to us. Although Oxbridge Re Holdings
Limited is not subject to any significant legal prohibitions on the payment of dividends, Oxbridge Reinsurance Limited and Oxbridge Re
NS, our reinsurance subsidiaries, are subject to Cayman Islands regulatory constraints that affect their ability to pay dividends to
us and include a minimum net worth requirement. Currently, the minimum net worth requirement for Oxbridge Reinsurance Limited and Oxbridge
Re NS is $500. As of December 31, 2024, both subsidiaries exceeded the minimum requirement. By law, Oxbridge Reinsurance Limited and
Oxbridge Re NS is restricted from paying a dividend if such a dividend would cause its net worth to drop to less than the required minimum.

28

We
paid no dividends in both 2024 and 2023.

Any
future determination to declare cash dividends will be made at the discretion of our Board of Directors, subject to applicable laws,
and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual restrictions,
general business conditions and other factors that our Board of Directors may deem relevant.

Unregistered
Sales of Equity Securities

There
were no unregistered sales of equity securities by us during the year ended December 31, 2024, other than as previously disclosed in
our Current Report on Form 8-K filed with the SEC on July 11, 2024

Issuer
Purchases of Equity Securities

The
Company did not repurchase any ordinary shares or warrants in 2024.

ITEM
6 [RESERVED]

Not
applicable.

ITEM
7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The
following management discussion and analysis is intended to help the reader understand our business,