Oxbridge Re Holdings Reports Increased Net Loss of $1.87 Million in Q2 2025

Oxbridge Re Holdings Limited reported its financial results for the second quarter and first half of 2025, revealing a net loss of $1.87 million, or $(0.25) per share, compared to a net loss of $821,000, or $(0.14) per share, in the same period of 2024. The increase in net loss is attributed primarily to a full limit loss of $2.3 million on one of its reinsurance contracts due to adverse developments from Hurricane Milton. For the six months ended June 30, 2025, the company recorded a net loss of $2.01 million, slightly higher than the $1.73 million loss reported for the same period in 2024.

Total revenue for the second quarter of 2025 was $664,000, a significant increase from $44,000 in the prior year, driven by net premiums earned of $582,000, up from $176,000 in Q2 2024. The increase in net premiums earned for the first half of 2025 was similarly notable, rising to $1.18 million from $1.11 million in the previous year. The company’s management fee income from its subsidiary, SurancePlus, remained stable at $1.31 million for both periods. However, total expenses surged to $3.61 million in Q2 2025, compared to $628,000 in Q2 2024, largely due to increased losses and administrative costs.

Operationally, Oxbridge Re has made strategic advancements, particularly through its subsidiary SurancePlus, which focuses on tokenizing reinsurance contracts. The company has successfully launched the DeltaCat Re Token and is in the process of developing additional tokenized securities. As of June 30, 2025, the company reported total assets of $9.17 million, up from $7.47 million at the end of 2024, with cash and cash equivalents increasing to $6.65 million from $5.89 million.

The company’s liabilities also increased, with total liabilities rising to $2.69 million from $1.62 million, primarily due to the establishment of a reserve for losses and loss adjustment expenses of $175,000. The unearned premiums reserve also saw an increase to $2.04 million, reflecting new reinsurance contracts placed for the 2025-2026 treaty year. The company’s shareholders’ equity improved to $5.28 million from $4.11 million, bolstered by the issuance of ordinary shares and the management of its capital structure.

Looking ahead, Oxbridge Re Holdings remains focused on its strategic initiatives in the reinsurance market, particularly through its innovative tokenization efforts. The company anticipates that these developments will enhance its underwriting capacity and profitability, while also providing opportunities for geographic and product expansion. However, the company acknowledges the inherent risks associated with its business model, particularly in relation to catastrophic events and market conditions, which could impact future performance.