Oxbridge Re Holdings Reports Q3 2025 Financial Results with Reduced Net Loss and Increased Revenue

Oxbridge Re Holdings Limited has reported its financial results for the third quarter and nine months ended September 30, 2025, revealing a net loss of $187,000, or $(0.02) per share, compared to a net loss of $540,000, or $(0.09) per share, for the same period in 2024. The decrease in net loss is attributed primarily to a reduction in unrealized losses on investments. For the nine-month period, the company recorded a net loss of $2.2 million, slightly improved from a loss of $2.3 million in the prior year. Total revenue for the third quarter was $645,000, a significant increase from $205,000 in the same quarter last year, while revenue for the nine-month period rose to $2.1 million from $1.2 million.

The company’s total assets increased to $8.9 million as of September 30, 2025, up from $7.5 million at the end of 2024. This growth was driven by an increase in cash and cash equivalents, which rose to $7.2 million from $5.9 million, reflecting successful fundraising efforts through an at-the-market (ATM) program and a registered direct offering. The company’s equity also improved, with total shareholders' equity rising to $5.7 million from $4.1 million at the end of the previous fiscal year.

Operationally, Oxbridge Re has made strides in its strategic initiatives, particularly through its subsidiary SurancePlus, which focuses on tokenizing reinsurance contracts. The company successfully completed a private placement of participation shares represented by digital tokens, raising approximately $3.6 million in July 2025. This initiative is part of a broader strategy to leverage blockchain technology to enhance access to reinsurance contracts and diversify its offerings. The company has also indicated plans to continue expanding its product lines and geographic reach, particularly in the Gulf Coast region of the United States.

In terms of operational metrics, the company reported net premiums earned of $555,000 for the third quarter, a decrease from $595,000 in the prior year, while nine-month net premiums earned increased slightly to $1.7 million from $1.6 million. The loss ratio for the nine-month period was notably high at 132.4%, primarily due to a full limit loss of $2.3 million related to Hurricane Milton. The company has emphasized its focus on maintaining a selective underwriting approach to manage risk effectively.

Looking ahead, Oxbridge Re Holdings remains cautiously optimistic about its future performance, aiming to achieve long-term growth in book value per share through strategic underwriting and investment decisions. The company plans to continue leveraging its operational efficiencies and exploring new opportunities in the reinsurance market, particularly through its innovative tokenization efforts. However, it acknowledges the inherent risks associated with natural disasters and market fluctuations that could impact its financial results.