Company: OXBRW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000736
Chunk: 800

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-03-26
Form: 10-K
Item: Item 4
Chunk 800
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 most significant revenues from three principal sources:

    ●
    premiums assumed from reinsurance
    on property and casualty business;

    ●
    income from investments
    and unrealized gain on other investments, if any;

    ●
    income from SurancePlus
    management fees

Premiums
Assumed

Premiums
assumed include all premiums received by a reinsurance company during a specified accounting period, even if the policy provides coverage
beyond the end of the period. Premiums are earned over the term of the related policies. At the end of each accounting period, the portion
of the premiums that are not yet earned are included in the unearned premiums reserve and are realized as revenue in subsequent periods
over the remaining term of the policy. Our policies typically have a term of twelve months. Thus, for example, for a policy that is written
on July 1, 2024, typically one-half of the premiums will be earned in 2024 and the other half will be earned during 2025. However, in
the event of limit losses on our policies, premium recognition will be accelerated to match losses incurred in the period, when there
is no possibility of any future treaty-year losses under the contracts.

Premiums
from reinsurance on property and casualty business assumed are directly related to the number, type and pricing of contracts we write.

Premiums
assumed are recorded net of change in loss experience refund, which consists of changes in amounts due to the cedants under two of our
reinsurance contracts. These contracts contain retrospective provisions that adjust premiums in the event losses are minimal or zero.
We recognize a liability pro-rata over the period in which the absence of loss experience obligates us to refund premiums under the contracts,
and we will derecognize such liability in the period in which a loss experience arises. The change in loss experience refund is negatively
correlated to loss and loss adjustment expenses described below.

Investment
Income

Income
from our investments is primarily comprised of net realized and unrealized gains (losses) interest income and dividends on investment
securities. Such income is primarily from the Company’s investments, which includes other investments in Jet.AI and investments
held in trust accounts that collateralize the reinsurance policies that we write. The investment parameters for trust accounts are generally
be established by the cedant for the relevant policy.

33

Incentive,
Technology, Origination and Management Fee Income

During
the year ended December