Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 244

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 244
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 We are a public accounting firm registered with the Public
Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company
in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission
and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud.
The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part
of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing
an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our
audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether
due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence
regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles
used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that our audits provide a reasonable basis for our opinion.

HACKER,
JOHNSON & SMITH PA

We
have served as the Company’s auditor since 2013.

Tampa,
Florida

March
26, 2025

F-1

OXBRIDGE
RE HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated
Balance Sheets

(expressed
in thousands of U.S. Dollars, except per share and share amounts)

    2024  
    2023 

    At December 31, 

    2024  
    2023 

    Assets 

    Investments: 

    Equity securities, at fair value (cost: $1,532 and $1,926) 
    $113  
     680 
  
    Cash and cash equivalents 
     2,135  
     495 
  
    Restricted cash and cash equivalents 
     3,758  
     3,250 
  
    Premiums receivable 
     1,059  
     977 
  
    Other investments