Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 287

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1
Chunk 287
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 a selective and opportunistic basis as opportunities
arise based on our goal of achieving favorable long-term returns on equity for our shareholders. Our goal is to achieve long-term growth
in book value per share by writing business that generates attractive underwriting profits relative to the risk we bear. Additionally,
we intend to complement our underwriting profits with investment profits on an opportunistic basis. Our underwriting business focus is
on fully collateralized reinsurance contracts for property catastrophes, primarily in the Gulf Coast region of the United States. Within
that market and risk category, we attempt to select the most economically attractive opportunities across a variety of property and casualty
insurers. As we attempt to grow our capital base, we expect that we will consider growth opportunities in other geographic areas and
risk categories.

Our
level of profitability in our reinsurance business operations is primarily determined by how adequately our premiums assumed and investment
income cover our costs and expenses, which consist primarily of acquisition costs and other underwriting expenses, claim payments and
general and administrative expenses. One factor leading to variation in our operational results is the timing and magnitude of any follow-on
offerings we undertake (if any), and issuance of participating notes to investors as we are able to deploy new capital to collateralize
new reinsurance treaties and consequently, earn additional premium revenue. In addition, our results of operations may be seasonal in
that hurricanes and other tropical storms typically occur during the period from June 1 through November 30. Further, our results of
operations may be subject to significant variations due to factors affecting the property and casualty insurance industry in general,
which include competition, legislation, regulation, general economic conditions, judicial trends, and fluctuations in interest rates
and other changes in the investment environment.

3

Because
we employ an opportunistic underwriting and investment philosophy, period-to-period comparisons of our underwriting results may not be
meaningful. In addition, our historical investment results may not necessarily be indicative of future performance. Due to the nature
of our reinsurance and investment strategies, our operating results will likely fluctuate from period to period.

Organizational
Chart

Other
Developments

Formation
of SurancePlus

SurancePlus
Inc., an indirect 80% owned subsidiary of Oxbridge Re Holdings Limited, was incorporated as a British Virgin Islands Business
Company on December 19, 2022 for the purposes of tokenizing reinsurance contracts underwritten by its affiliated licensed reinsurer,
Oxbridge Re NS.

On
March