Oxbridge Re Holdings Limited reported a net loss of $2.08 million for the fiscal year ending December 31, 2025, translating to a loss per share of $0.28, a slight improvement from the $2.72 million loss or $0.45 per share recorded in 2024. The company's total revenue for 2025 was $2.58 million, a significant increase from $546,000 in the previous year, primarily driven by a decrease in unrealized losses on investments and the introduction of fee income from its subsidiary, SurancePlus. The net premiums earned remained relatively stable at $2.29 million, compared to $2.30 million in 2024, reflecting the company's focus on fully collateralized reinsurance contracts.
The company experienced a notable increase in expenses, which rose to $6.04 million in 2025 from $2.17 million in 2024. This increase was largely attributed to losses incurred from Hurricane Milton, which resulted in a full limit loss of $2.3 million on one reinsurance contract and a partial loss of $442,000 on another. General and administrative expenses also surged to $3.05 million, up from $1.92 million in the prior year, due to higher professional costs related to investor relations and the operational costs of its Web3-focused subsidiary.
Strategically, Oxbridge Re has expanded its operations through the formation of SurancePlus, which focuses on tokenizing reinsurance contracts. In 2023, SurancePlus launched the DeltaCat Re Token, marking the first on-chain reinsurance security developed by a public company subsidiary. The company has since issued additional tokens, including EpsilonCat Re, ZetaCat Re, and EtaCat Re, with plans for further token offerings in the future. This initiative aims to enhance the company's underwriting capacity and profitability while tapping into the growing market for tokenized real-world assets.
As of December 31, 2025, Oxbridge Re's cash and restricted cash increased to $6.98 million, up from $5.89 million in 2024, primarily due to new collateral deposits for the treaty year ending May 31, 2026. The company also reported a decrease in amounts due to tokenholders, reflecting the impact of losses experienced during the year. Looking ahead, Oxbridge Re anticipates that its operational needs for liquidity will be met through cash flows from operations, investment income, and proceeds from its ongoing tokenization activities, alongside a $1 million promissory note due in August 2026.
Overall, while Oxbridge Re Holdings Limited faced challenges in 2025, including significant losses from catastrophic events, the company is positioning itself for future growth through innovative financial products and strategic capital management. The outlook remains cautiously optimistic as the company continues to explore opportunities in the reinsurance and tokenization markets.
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.
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