Core Insights - Oxbridge Re Holdings Limited, along with its subsidiary SurancePlus, is actively participating in three significant events in Miami to showcase its advancements in tokenization, particularly in tokenized reinsurance securities as Real-World Assets (RWAs) [1][2] Company Overview - Oxbridge Re Holdings Limited is headquartered in the Cayman Islands and operates under the NASDAQ ticker OXBR. The company specializes in offering tokenized RWAs as reinsurance securities and provides business solutions to property and casualty insurers through its subsidiaries [2][4] - SurancePlus, the Web3-focused subsidiary, has created the first "on-chain" reinsurance RWA sponsored by a publicly traded company, aiming to democratize access to reinsurance contracts for both U.S. and non-U.S. investors [4] Industry Context - The company’s initiatives are positioned to expand the RWA ecosystem and promote digital asset growth by leveraging blockchain technology to tokenize interests in reinsurance contracts [2][4] - Insurance businesses in the Gulf Coast region of the United States utilize property and casualty reinsurance through licensed reinsurers, including Oxbridge Reinsurance Limited and Oxbridge Re NS [3] Event Schedule - The upcoming events where Oxbridge will be present include WAGMI Miami from January 22-24, iConnections from January 27-30, and Crypto Gathering 2025 from January 30-31 [6]

Financial Data and Key Metrics Changes - Net premiums earned for Q3 2024 were $595,000, up from $549,000 in Q3 2023, with total net premiums for the first nine months of 2024 reaching $1.7 million compared to $730,000 in the same period last year [15][19] - Total revenues for Q3 2024 were $205,000, a significant improvement from negative $6.38 million in Q3 2023, while total revenue for the first nine months of 2024 was $124,000 compared to negative $5.1 million in the same period last year [17][18] - The net loss for Q3 2024 was $548,000 or $0.9 per share, an improvement from a net loss of $10.3 million or $1.24 per share in Q3 2023 [19] - The combined ratio decreased from 125.3% in Q3 2023 to 83.7% in Q3 2024, indicating improved underwriting performance [23] Business Line Data and Key Metrics Changes - The company specializes in underwriting low-frequency, high-severity risks, maintaining a loss ratio of 0% for both 2024 and 2023, with no losses incurred [20] - The acquisition cost ratio increased marginally to 11.1% for Q3 2024 from 10.9% in Q3 2023, while the expense ratio decreased significantly from 125.3% in Q3 2023 to 83.7% in Q3 2024 [21][22] Market Data and Key Metrics Changes - The investment portfolio decreased to $185,000 at September 30, 2024, from $680,000 at the prior year-end, primarily due to the sale of equity securities [25] - Cash and cash equivalents increased to $4.82 million at September 30, 2024, compared to $3.74 million on December 31, 2023 [25] Company Strategy and Development Direction - The company aims to position itself as a prominent player in the RWA/Web3 sector, having established SurancePlus Inc. to focus on tokenized reinsurance securities [11][14] - SurancePlus aims to democratize access to reinsurance investments, leveraging blockchain technology for transparency and compliance [12][28] - A strategic review process has been initiated to explore various strategic alternatives for the company and its Web3 division, including potential mergers or divestitures [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the long-term outlook of the core reinsurance business and the integration of SurancePlus into the RWA market [14][33] - The anticipated growth in the tokenized asset market is projected to exceed $10 trillion over the next decade, with significant institutional interest in blockchain technology [34][35] Other Important Information - The company recorded an unrealized loss of $1.93 million on other investments due to the remeasurement of its investment in Jet.AI [16] - SurancePlus completed a private placement raising approximately $2.9 million through the issuance of digital tokens [29] Q&A Session Summary Question: How are presentations abroad being received and who are the competitors? - Management reported positive reception at various events, highlighting the uniqueness of their RWA offerings compared to competitors [37][38] Question: Can you name any competitors? - Management refrained from naming specific competitors but emphasized their distinct position in the market due to transparency and regulatory compliance [39][40] Question: What is the immediate market reaction to the earnings report? - The immediate market reaction was positive, with stock prices showing an increase following the earnings report [41]

Fundraising Activities - For the nine months ended September 30, 2024, the company raised $2,447,760 from the issuance of 244,776 DeltaCat Re Tokens, with approximately $1,280,000 from third-party investors and $1,167,000 from Oxbridge Re Holdings Limited[125]. - The company completed a Private Placement on July 12, 2024, raising $2,878,078 from the issuance of 287,808 Participation Shares, with approximately $1,469,000 from third-party investors and $1,409,000 from Oxbridge Re Holdings Limited[130]. - The company sold 113,977 ordinary shares under the ATM program for gross proceeds of $342,525 at an average price of $3.00 per share for the three months ended September 30, 2024[141]. - The company sold 143,895 ordinary shares under the ATM program for gross proceeds of $419,663 at an average price of $2.92 per share for the nine months ended September 30, 2024[142]. Business Strategy and Operations - The company intends to develop additional series of tokenized reinsurance securities representing fractional interests in reinsurance contracts following the launch of the DeltaCat Re Token[117]. - The company focuses on underwriting fully collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States, emphasizing Florida[116]. - The company aims to achieve long-term growth in book value per share by writing business that generates attractive underwriting profits relative to the risk it bears[119]. - The company’s expense efficiency and agility support its competitive position, allowing it to profitably participate in lines of business that fit within its strategy[122]. Financial Performance - Net premiums earned for the quarter ended September 30, 2024 increased to $595,000 from $549,000 for the same period in 2023, reflecting growth in reinsurance contracts[156]. - Net premiums earned for the nine months ended September 30, 2024 rose to $1.7 million from $732,000 for the same period in 2023, driven by active reinsurance contracts[157]. - Total revenue for the quarter ended September 30, 2024 was $205,000, compared to a loss of $6.38 million in the same quarter of 2023[154]. - General and administrative expenses decreased to $432,000 for the quarter ended September 30, 2024, down from $628,000 for the same period in 2023, due to reduced offering costs[162]. - The loss ratio remained at 0% for both the quarter and nine-month periods ended September 30, 2024, consistent with the same periods in 2023[166]. - The acquisition cost ratio increased slightly to 11.1% for the quarter ended September 30, 2024, compared to 10.9% for the same period in 2023[168]. - The expense ratio improved significantly from 125.3% for the quarter ended September 30, 2023, to 83.7% for the same quarter in 2024, indicating better operational efficiency[169]. - The combined ratio decreased from 125.3% for the quarter ended September 30, 2023, to 83.7% for the same quarter in 2024, reflecting improved underwriting performance[171]. - Net loss for the quarter ended September 30, 2024 was $540,000, a significant reduction from a net loss of $7.3 million for the same period in 2023[154]. - Net loss for the nine months ended September 30, 2024 was $2.27 million, down from $7.24 million for the same period in 2023, primarily due to improved investment performance[155]. Cash and Investments - As of September 30, 2024, restricted cash and cash equivalents increased by $1.1 million, or 28.9%, to $4.8 million from $3.7 million as of December 31, 2023[173]. - Total investments decreased by $495,000 to $185,000 from $680,000 as of December 31, 2023, primarily due to the sale of two equity securities[174]. - Other investments decreased by $1.94 million to $541,000 from $2.48 million at December 31, 2023, due to fair value changes in the investment in Jet.AI[175]. - The unearned premium reserve increased by $671,000 to $1,586,000 from $915,000 at December 31, 2023, attributed to reinsurance contracts for the 2024-2025 treaty year[177]. - Net cash used in operating activities for the nine months ended September 30, 2024, totaled $1,248,000, while net cash provided by investing activities was $448,000[183]. - Cash flows from financing activities for the nine months ended September 30, 2024, were $1,876,000, primarily from net proceeds from Epsilon Cat Re participation shares[183]. - As of September 30, 2024, each subsidiary exceeded the minimum net worth requirement of $500, allowing for potential dividend payments[182]. - The company had no reserves for loss and loss adjustment expenses as of September 30, 2024, due to no significant events or reported claims[197]. - The company expects operational liquidity needs to be met by cash, investment income, and funds generated from underwriting activities[181]. - The investment portfolio, excluding Jet.AI, is primarily comprised of cash and highly liquid securities, ensuring sufficient liquidity to meet current liabilities[180].

GRAND CAYMAN, Cayman Islands, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR), (the “Company”), together with its subsidiaries which is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of tokenized reinsurance securities, and reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported its results for the three and nine months ended September 30, 2024. “We are energized by the progress of ou ...

GRAND CAYMAN, Cayman Islands, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge”), together with its RWA/Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), today announced it will be participating in two of the world’s most anticipated events regarding digital assets and fintech. Oxbridge Re, together with its subsidiary SurancePlus is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of reinsurance securities, and providing ...

GRAND CAYMAN, Cayman Islands, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR) announced that it plans to hold a conference call on Wednesday November 13, 2024 at 4:30 p.m. Eastern time to discuss results for the third quarter and nine months ending ended September 30, 2024. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period. Interested parties can list ...

GRAND CAYMAN, Cayman Islands, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR), (the "Company"), together with its subsidiaries which is engaged in the business of tokenized RealWorld Assets ("RWAs") initially in the form of tokenized reinsurance securities, and reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported its results for the three and six months ended June 30, 2024. "Our stable performance persisted into the sec ...

Additionally SurancePlus Inc., a subsidiary of Oxbridge, completed a private placement of 287,705 Participation Shares represented by the digital tokens, EpsilonCat Re under a 3-year Participation Share Investment Contract, raising approximately $2.88 million. The offering is the second year of the Cat Re series. The tokens have been issued on the Avalanche blockchain and have a targeted 42% return. The EpsilonCat Re tokens were offered to United States ("US") accredited investors under Rule 506(c) of US Se ...

Group 1: Company Overview - Oxbridge Re Holdings Limited, headquartered in the Cayman Islands, focuses on tokenized Real-World Assets (RWAs) and reinsurance solutions for property and casualty insurers in the Gulf Coast region of the United States [6][9] - SurancePlus Inc., a subsidiary of Oxbridge, has developed the first "on-chain" reinsurance RWA, democratizing access to reinsurance as an alternative investment for both U.S. and non-U.S. investors [10][12] Group 2: Recent Developments - SurancePlus completed a private placement of 287,705 Participation Shares represented by digital tokens, raising approximately $2.88 million, with a targeted return of 42% [1][2] - The EpsilonCat Re tokens were offered to U.S. accredited investors under Rule 506(c) of SEC Regulation D and to non-U.S. investors under Regulation S of the U.S. Securities Act 1933 [7] Group 3: Partnerships and Innovations - SurancePlus has partnered with Zoniqx, a financial technology company specializing in Tokenization Platform as a Service (TPaaS), to enhance its RWA tokenization and Web3 capabilities [2][6] - Zoniqx's Tokenized Asset Lifecycle Management (TALM) solution utilizes the DyCIST protocol, ensuring security and scalability in the tokenization of reinsurance securities [3][12] Group 4: Performance Metrics - SurancePlus previously reported a 49.11% return on its DeltaCat Re tokenized reinsurance security, exceeding initial projections and highlighting the potential of digital innovations in reinsurance [11]

Core Insights - Oxbridge Re Holdings Limited, through its subsidiary SurancePlus Inc., achieved a 49.11% return on its tokenized reinsurance security, DeltaCat Re, surpassing the initial ROI projection of 42% [1][2] - SurancePlus has integrated digital innovations to enhance reinsurance accessibility as an alternative investment via the Avalanche blockchain [2][8] - The DeltaCat Re digital security was offered to accredited investors in the U.S. and non-U.S. investors under specific SEC regulations [5] Company Overview - Oxbridge Re Holdings Limited is headquartered in the Cayman Islands and specializes in tokenized Real-World Assets (RWAs) and reinsurance solutions for property and casualty insurers [7] - The company operates through subsidiaries including SurancePlus Inc., Oxbridge Re NS, and Oxbridge Reinsurance Limited [7] - SurancePlus has developed the first "on-chain" reinsurance RWA sponsored by a publicly-traded company, democratizing reinsurance investment opportunities [8]