Financial Performance - For the year ended December 31, 2024, net premiums earned increased to $2,303,000 from $1,255,000 in the prior year, representing an 83.3% growth [4]. - The company reported a net loss of $2.7 million or $0.45 per share for the year ended December 31, 2024, a significant improvement from a net loss of $9.9 million or $1.69 per share in the prior year [5]. - Total expenses for the year ended December 31, 2024, were $2.1 million, down from $2.3 million in the prior year, reflecting operational efficiencies [6]. - The expense ratio improved to 94.3% for the year ended December 31, 2024, down from 185.2% in the prior year, due to higher premium levels and lower administrative expenses [10]. - The combined ratio decreased to 94.3% for the year ended December 31, 2024, from 185.2% in the prior year, indicating improved underwriting performance [11]. Cash and Investments - The cash and cash equivalents increased to $5.8 million at December 31, 2024, compared to $3.7 million at December 31, 2023, primarily due to new collateral deposits [7]. - The company completed a reverse direct offering raising gross proceeds of $3 million subsequent to the year-end [8]. Strategic Initiatives - SurancePlus launched its 2025–2026 tokenized reinsurance offerings, targeting a 20% annual return for balanced-yield securities and a 42% annual return for high-yield offerings [3]. - SurancePlus has formed a strategic partnership with Plume, a blockchain platform with over $4.5 billion in assets, to expand distribution for tokenized reinsurance offerings [3]. - The RWA tokenization market is projected to reach as much as $30 trillion by 2030, positioning SurancePlus to capitalize on significant growth opportunities [3].

Tokenization and Securities - In 2023, the company launched its first tokenized reinsurance security, the DeltaCat Re Token, representing fractionalized interests in reinsurance contracts, with a total issuance of 244,776 tokens raising approximately $2.45 million[17][26]. - The company plans to issue additional tokenized reinsurance securities, including EpsilonCat Re, ZetaCat Re, and EtaCat Re, with the initial price set at $10.00 per token[28][31]. - The company raised $2.88 million in a private placement for Participation Shares represented by digital tokens, with approximately $1.47 million from third-party investors[31]. - SurancePlus has launched the Cat Re token series, with the DeltaCat Re token issued in 2023 on the Avalanche blockchain network[82]. - The 2024/25 offering of EpsilonCat Re tokens was announced on March 18, 2024, and the 2025/26 offerings of ZetaCat Re and EtaCat Re were announced on February 27, 2025[82]. - The tokenization business is at an early stage, and its success is uncertain, with potential fluctuations in operational results[95]. Business Strategy and Growth - The company aims to achieve long-term growth in book value per share by focusing on fully collateralized reinsurance contracts for property catastrophes, primarily in the Gulf Coast region of the United States[18]. - The company has a disciplined underwriting approach to select a diversified portfolio of risks, aiming for attractive risk-adjusted returns for shareholders[37]. - The company intends to leverage its tokenization experience to develop Web3-focused business offerings and products related to the tokenization of real-world assets[43]. - The company intends to build relationships with global reinsurance brokers to access a broad range of reinsurance clients and opportunities[65]. - Oxbridge Re expects SurancePlus to become a significant revenue stream, potentially reducing annual capital deployed into collateralizing reinsurance contracts[83]. Risk Management and Financial Health - The profitability of the reinsurance business is influenced by the adequacy of premiums and investment income covering costs, which include acquisition costs and claim payments[19]. - The company maintains a commitment to risk management, ensuring all reinsurance contracts contain loss limitation provisions[37]. - The company's contracts are fully collateralized, limiting liability to the value of the assets held in trust[59]. - Loss reserves are established based on loss payments and case reserves reported by ceding companies, with estimates reviewed quarterly by an independent actuary[72][77]. - The company is subject to regulation by the Cayman Islands Monetary Authority (CIMA) and must comply with capital and surplus requirements[87]. - Oxbridge Reinsurance Limited and Oxbridge Re NS are required to maintain a statutory minimum capital requirement of $500 and a prescribed capital requirement of $500[88]. - The company may face risks related to credit defaults from counterparties and operational risks inherent in its business[96]. Market Environment - Florida's property and casualty insurance market has approximately $2.18 trillion in insured residential property exposure[51]. - In 2024, Hurricanes Helene and Milton caused estimated insured losses exceeding $55 billion[51]. - The reinsurance industry is highly competitive, with major competitors including Renaissance Re and Berkshire Hathaway[78]. - The RWA asset tokenization market is projected to reach $16.1 trillion by 2030, representing a significant growth opportunity for the company[81]. Operational Insights - The company’s operational results may be seasonal, with significant variations due to factors affecting the property and casualty insurance industry[20][21]. - The company primarily writes property catastrophe reinsurance, expecting to continue with treaty reinsurance contracts in the foreseeable future[53]. - The company's portfolio is characterized by relatively large transactions with a small number of cedants, anticipating this trend to continue[55]. - As of March 26, 2025, the company had three full-time employees and plans to outsource some functions as necessary[84]. - The company is not currently involved in any litigation or arbitration, but anticipates facing such challenges in the ordinary course of business[85]. - The company does not intend to resume paying cash dividends in the foreseeable future[96].

Core Insights - Oxbridge Re Holdings Limited is engaged in tokenized Real-World Assets (RWAs) and has reported financial results for the year ended December 31, 2024, highlighting growth in net premiums earned and a strategic focus on expanding its subsidiary SurancePlus in the RWA sector [1][2][3]. Financial Performance - For Q4 2024, net premiums earned were $595,000, up from $523,000 in Q4 2023, while for the full year, net premiums earned increased to $2,303,000 from $1,255,000, attributed to higher contract rates and a full year of premium recognition [3]. - The company reported a net loss of $460,000 or $0.05 per share for Q4 2024, a significant improvement from a net loss of $2.67 million or $0.46 per share in Q4 2023. For the full year, the net loss was $2.7 million or $0.45 per share, down from $9.9 million or $1.69 per share in the previous year [4]. - Total expenses for Q4 2024 were $497,000, compared to $535,000 in Q4 2023, while for the year, total expenses were $2.1 million, down from $2.3 million in the prior year [5]. Financial Ratios - The loss ratio remained consistent at 0% for both 2024 and 2023, indicating stable underwriting profitability [8]. - The acquisition cost ratio slightly decreased to 11.0% in 2024 from 11.2% in 2023, reflecting improved operational efficiency [8]. - The expense ratio significantly improved to 94.3% in 2024 from 185.2% in 2023, driven by higher premium earnings and lower administrative expenses [9][10]. Strategic Initiatives - SurancePlus has launched new tokenized reinsurance offerings for 2025-2026, targeting a 20% annual return for balanced-yield securities and a 42% annual return for high-yield offerings, aimed at attracting a broader investor base [2]. - The company completed a reverse direct offering raising gross proceeds of $3 million, reinforcing its capital position while pursuing growth opportunities [2][7]. - A strategic partnership with Plume, a blockchain platform managing over $4.5 billion in assets, was announced to enhance distribution for tokenized reinsurance offerings [2].

Core Insights - Oxbridge Re Holdings Limited, through its subsidiary SurancePlus, is focused on the tokenization of Real-World Assets (RWAs), specifically in the reinsurance sector, targeting property and casualty insurers in the Gulf Coast region of the United States [1][6] - The CEO, Jay Madhu, will participate in the Uncorrelated Puerto Rico summit, which aims to connect investors with high-return, alternative investment opportunities [2][3] Company Overview - Oxbridge Re Holdings Limited is headquartered in the Cayman Islands and operates through subsidiaries including SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited [6] - The company offers tokenized reinsurance securities and business solutions to property and casualty insurers [6] Investment Opportunities - SurancePlus has introduced two distinct tokenized reinsurance offerings: EtaCat Re with a 20% annual targeted return and ZetaCat Re with a 42% annual targeted return [7][8] - The tokenization process allows investors to select their preferred risk-return profile, democratizing access to a traditionally exclusive asset class [3][8] Event Participation - The Uncorrelated Puerto Rico summit is expected to host over 300 limited partners, fund managers, allocators, and startup leaders, focusing on emerging markets and direct investment opportunities [2] - Jay Madhu will discuss SurancePlus' innovative approach to tokenizing reinsurance contracts, highlighting the potential for uncorrelated, high-yield investment opportunities [2][3]

Company Overview - Oxbridge Re Holdings Limited (NASDAQ: OXBR) is engaged in the business of tokenized Real-World Assets (RWAs), specifically in tokenized reinsurance securities and reinsurance business solutions for property and casualty insurers [1][3] - The company is headquartered in the Cayman Islands and operates through its wholly owned subsidiaries, including SurancePlus Inc, Oxbridge Re NS, and Oxbridge Reinsurance Limited [3] Upcoming Conference Call - The company plans to hold a conference call on March 26, 2025, at 4:30 p.m. Eastern Time to discuss its financial results for the fourth quarter and year ending December 31, 2024 [1] - Financial results will be released in a press release after the market closes on the same day [1] - Interested parties can join the call by dialing the provided toll-free or international numbers [2] Product Innovation - SurancePlus Inc., a subsidiary focused on Web3, has developed the first "on-chain" reinsurance RWA sponsored by a publicly traded company, which digitizes interests in reinsurance contracts [5] - This innovation aims to democratize access to reinsurance as an alternative investment for both U.S. and non-U.S. investors [5] Market Engagement - The company provides property and casualty reinsurance to insurance businesses in the Gulf Coast region of the United States through its licensed reinsurers [4]

GRAND CAYMAN, Cayman Islands, March 19, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR) ("Oxbridge Re"), through its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets ("RWAs"), initially with tokenized reinsurance securities, today announced SurancePlus' partnership with Plume, a leading blockchain optimized for Real-World Asset Finance (RWAfi). This collaboration aims to significantly expand the distribution of SurancePlus' 2025-2026 tokenized reinsurance secu ...

GRAND CAYMAN, Cayman Islands, March 13, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, today announced its participation in Digital Asset Summit 2025, a leading institutional finance and blockchain ev ...

Core Insights - Oxbridge Re Holdings Limited, along with its subsidiary SurancePlus, is launching its 2025 tokenized reinsurance offerings, focusing on the tokenization of Real-World Assets (RWAs) and providing reinsurance solutions in the Gulf Coast region of the U.S. [1][5] Investment Opportunities - Investors can now select from two distinct options with targeted annual returns: EtaCat Re with a 20% return and ZetaCat Re with a 42% return [3][8] - Each security-backed token is priced at $10 per share, with funds allocated to reinsurance contracts, and investors will earn 3.5% APY on their invested funds until contracts become active on June 1, 2025 [3][4] Accessibility and Regulation - The tokenized reinsurance securities are accessible to a broader range of investors, including U.S. investors under SEC Rule 506(c) and non-U.S. investors under Regulation S of the Securities Act of 1933 [4][5] - The minimum investment required to participate in these offerings is $5,000, making it more accessible compared to traditional investment avenues [5] Company Overview - Oxbridge Re Holdings Limited is headquartered in the Cayman Islands and offers tokenized RWAs as reinsurance securities through its subsidiaries, including SurancePlus Inc. and Oxbridge Re NS [5][6] - The company aims to democratize access to reinsurance as an alternative investment, previously limited to institutional investors and ultra-high-net-worth individuals [2][7]

Core Viewpoint - Oxbridge Re Holdings Limited has announced a securities purchase agreement to raise approximately $3.0 million through a registered direct offering and a concurrent private placement of ordinary shares and warrants [1][2]. Group 1: Offering Details - The company will sell 705,884 ordinary shares at an effective offering price of $4.25 per share, along with Series A and Series B Warrants [1]. - The Series A Warrants are immediately exercisable with an exercise price of $4.25 and will expire two years from the initial exercise date [1]. - The Series B Warrants will be exercisable upon shareholder approval or six months from issuance, with an exercise price based on the lower of the Nasdaq minimum price or $4.25 after shareholder approval [1]. Group 2: Financial Proceeds - The estimated gross proceeds from the offering are approximately $3.0 million before deducting fees and expenses [2]. - The offering is expected to close on or about February 26, 2025, pending customary closing conditions [2]. Group 3: Regulatory Information - The ordinary shares are being offered under a shelf registration statement declared effective by the SEC on September 6, 2022 [3]. - A prospectus supplement will be filed with the SEC for the registered direct offering [3]. Group 4: Company Overview - Oxbridge Re Holdings Limited specializes in tokenized Real-World Assets (RWAs) and provides reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States [6][7]. - The company's subsidiary, SurancePlus Inc., has developed the first "on-chain" reinsurance RWA, making reinsurance more accessible to both U.S. and non-U.S. investors [8].

Core Viewpoint - Oxbridge Re Holdings Limited has announced a securities purchase agreement to raise approximately $3.0 million through a registered direct offering and a concurrent private placement of ordinary shares and warrants [1][2]. Group 1: Offering Details - The company will issue 705,884 ordinary shares at an effective offering price of $4.25 per share, along with Series A Warrants for 529,413 shares and Series B Warrants for 882,355 shares [1][2]. - The Series A Warrants are immediately exercisable with a two-year expiration and an exercise price of $4.25 per share, while the Series B Warrants will be exercisable upon shareholder approval or six months from issuance, expiring five years from the initial exercise date [1][2]. Group 2: Financial Proceeds - The total gross proceeds from the offering are estimated to be around $3.0 million before deducting fees and expenses [2]. Group 3: Regulatory Compliance - The ordinary shares are being offered under a shelf registration statement declared effective by the SEC on September 6, 2022, and will be made available through a prospectus supplement [3]. - The Series A and Series B Warrants are offered in a private placement under Section 4(a)(2) of the Securities Act and have not been registered under the Act or applicable state laws [4]. Group 4: Company Overview - Oxbridge Re Holdings Limited is based in the Cayman Islands and specializes in tokenized Real-World Assets (RWAs) and reinsurance solutions for property and casualty insurers [6]. - The company operates through subsidiaries, including SurancePlus Inc., which has developed the first "on-chain" reinsurance RWA, making reinsurance more accessible to investors [8].