Oxbridge Re Holdings Limited reported its financial results for the first quarter of 2026, revealing a net income of $22,000, or $0.003 per share, compared to a net loss of $139,000, or $0.02 per share, in the same period last year. The company's total revenue for the quarter reached $623.7 million, driven primarily by net premiums earned of $555.6 million, which reflects a decrease from $595.6 million in the prior year. The decline in premium income is attributed to a lower weighted average rate on reinsurance contracts in force during the quarter.
The company's total expenses for the first quarter of 2026 amounted to $583.6 million, slightly down from $585.5 million in the previous year. Policy acquisition costs decreased to $61,000 from $65,000, while general and administrative expenses rose to $522,000 from $505,000, primarily due to increased professional costs related to investor relations and marketing for its Web3 subsidiary, SurancePlus. The combined ratio for the quarter was reported at 105%, up from 95.8% in the prior year, indicating a rise in operational costs relative to premiums earned.
In terms of operational developments, Oxbridge Re's total assets increased to $8.7 million as of March 31, 2026, compared to $8.1 million at the end of 2025. The company also reported a significant increase in cash and cash equivalents, which rose to $885,268 from $268,000. The increase in cash is attributed to premium deposits and a $1 million loan obtained during the quarter. The company’s liabilities also increased, with total liabilities rising to $2.1 million from $1.6 million, largely due to the new loan payable.
Strategically, Oxbridge Re continues to expand its operations through its subsidiary SurancePlus, which focuses on tokenizing reinsurance contracts. The company has successfully launched the DeltaCat Re Token and plans to issue additional series of tokenized reinsurance securities. This initiative aims to democratize access to reinsurance contracts and enhance the company's market position. The company is also exploring opportunities in the AI data center industry, indicating a diversification of its business model.
Looking ahead, Oxbridge Re Holdings remains focused on achieving long-term growth in book value per share by selectively underwriting reinsurance contracts that generate attractive returns. The company anticipates that its operational needs for liquidity will be met through cash flows from operations, investment income, and potential equity offerings. However, it acknowledges the inherent risks associated with its business, particularly related to natural disasters and market fluctuations, which could impact future performance.
About OXBRIDGE RE HOLDINGS Ltd
Oxbridge Re Holdings Limited is a Cayman Islands-based specialty reinsurer focusing on property and casualty reinsurance, primarily in the U.S. Gulf Coast region. It offers fully collateralized treaty reinsurance for natural catastrophe risks and develops innovative Web3 tokenized reinsurance securities. The company emphasizes disciplined underwriting, risk management, and leveraging blockchain technology to expand its market and enhance shareholder value.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.