Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 1254

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 9A
Chunk 1254
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 Data: 
    At
    December 31, 2024 
     
    At December 31, 2023

    (Unaudited) 
     
    (Unaudited)

    (In thousands) 
     
    (In thousands)

    Total assets 
    $4,794 
     
    $
    3,588

    Amounts due to EpsilonCat Re / DeltaCat Re tokenholders* 
    $2,284 
     
    $
    2,016

    Due to Parent 
    $40 
     
    $
    47

    Total shareholders’ equity 
    $2,470 
     
    $
    1,525

    *
    includes
    underwriting profit of $552,000 due to Parent.

    F-17

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes
to Consolidated Financial Statements, Continued

7.
RESERVE FOR LOSSES AND LOSS ADJUSTMENT EXPENSES

The
following table summarizes the Company’s loss and loss adjustment expenses (“LAE”) and the reserve for loss and LAE
reserve movements for the years ended December 31, 2024 and 2023

 SCHEDULE
OF LOSS ADJUSTMENT EXPENSES 

    2024  
    2023 

    For Years ended 

    December 31, 

    2024  
    2023 

    ($ in thousands) 

    Gross balance, beginning of year 
    $         -  
     1,073 
  
    Incurred, net of reinsurance, related to: 

    Current year 
     -  
     - 
  
    Prior year 
     -  
     - 
  
    Total incurred 
     -  
     - 
  
    Paid related to: 

    Current year 
     -  
     - 
  
    Prior year 
     -  
     (1,073)
  
    Total paid 
     -  
     (1,073)
  
    Balance, end of year 
    $-  
     -

When
losses occur, the reserves for losses and LAE are typically comprised of case reserves (which are based on claims that have been reported)
and IBNR reserves (which are based on losses that are believed to have occurred but for which claims have