Company: OXBRW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023960
Chunk: 47

Company: OXBRIDGE RE HOLDINGS Ltd
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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 were no losses incurred during the six-month period ending June 30,
2024. The net impact of the Hurricane Milton’s loss on the Company’s equity, after accounting for the portion of losses borne by
external tokenholders’, is $1.18 million.

30

Policy
Acquisition Costs. Acquisition costs represent the amortization of the brokerage fees and federal excise taxes incurred on reinsurance
contracts placed. Policy acquisition costs for the quarter ended June 30, 2025 increased to $64,000 from $62,000 for the quarter ended
June 30, 2024. The increase is due to the rates on contracts in force in the quarter ended June 30, 2025, and the resulting acquisition
costs, when compared to the rates on contracts in the prior-year period.

Policy
acquisition costs for the six months ended June 30, 2025 increased from $122,000 to $129,000 for the six-moths ended June 30, 2025. The
increase is due to the rates on contracts in force in the quarter ended June 30, 2025, and the resulting acquisition costs, when compared
to the rates on contracts in the prior-year period.

General
and Administrative Expenses. General and administrative expenses for the quarter ended June 30, 2025 increased to $1.3 million
from $566,000 for the quarter ended June 30, 2024. The increase is primarily due to increased professional costs relating to investor
relations, our web3 subsidiary tokenization costs, renewed S-3 related costs, increased human resources and personnel costs and legal
expenditures.

General
and administrative expenses for the six months ended June 30, 2025 increased to $1.8 million , from $1.1
million for the six months ended June 30, 2024. The increase is primarily due to increased professional costs relating to investor relations,
our web3 subsidiary tokenization costs, renewed S-3 related costs, increased human resources and personnel costs and legal expenditures.

MEASUREMENT
OF RESULTS

We
use various measures to analyze the growth and profitability of business operations. For our reinsurance business, we measure growth
in terms of premiums assumed and we measure underwriting profitability by examining our loss, underwriting expense and combined ratios.
We analyze and measure profitability in terms of net income and return on average equity.

Premiums
Assumed. We use gross premiums assumed to measure our sales