Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OXBRIDGE RE HOLDINGS Ltd reported nine months ended September 30, 2022 results: revenue $995,000, net income $2.5 million, EPS $0.43 per basic and diluted share.
- Period
- nine months ended September 30, 2022
- Revenue
- $995,000
- Net income
- $2.5 million
- EPS
- $0.43 per basic and diluted share
- Result
- reported results
Exact text from the filing
For the nine months ended September 30, 2022, net premiums earned increased to $995,000 from $755,000 in the prior year. The increases are due to the acceleration of premium recognition on two of the Company’s reinsurance contracts due to a limit loss suffered during the third quarter of 2022 by Hurricane Ian, as well as higher rates on reinsurance contracts compared to the prior year. For the three months ended September 30, 2022, the Company generated a net loss of $2.2 million or $0.37 per basic and diluted common share compared net income of $6.5 million or $1.14 per basic and diluted share in the third quarter of 2021. For the nine months ended September 30, 2022 the Company incurred a net loss of $2.5 million or $0.43 per basic and diluted share compared to net income of $7.0 million or $1.22 per basic and diluted share in the first nine months of the prior year.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
OXBRIDGE RE HOLDINGS Ltd reported three months ended September 30, 2022 results: revenue $591,000, net income $2.2 million, EPS $0.37 per basic and diluted common share.
- Period
- three months ended September 30, 2022
- Revenue
- $591,000
- Net income
- $2.2 million
- EPS
- $0.37 per basic and diluted common share
- Result
- reported results
Exact text from the filing
Net premiums earned for the three months ended September 30, 2022 increased to $591,000 from $370,000 in the same prior year period. For the nine months ended September 30, 2022, net premiums earned increased to $995,000 from $755,000 in the prior year. The increases are due to the acceleration of premium recognition on two of the Company’s reinsurance contracts due to a limit loss suffered during the third quarter of 2022 by Hurricane Ian, as well as higher rates on reinsurance contracts compared to the prior year. For the three months ended September 30, 2022, the Company generated a net loss of $2.2 million or $0.37 per basic and diluted common share compared net income of $6.5 million or $1.14 per basic and diluted share in the third quarter of 2021.
View on SEC.gov