secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001493152-22-032173
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re Q3 net loss $2.2M vs income $6.5M; Hurricane Ian drives underwriting loss
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- Net loss of $2.2M ($0.37/share) in Q3 2022, compared to net income of $6.5M ($1.14/share) in Q3 2021.
- Net premiums earned rose to $591K from $370K YoY due to premium acceleration from hurricane limit losses.
- Loss ratio surged to 181.6% in Q3 2022 from 42.7% in Q3 2021 due to Hurricane Ian limit losses on two contracts.
- Combined ratio increased to 247.2% from 129.5% YoY.
- Cash and equivalents decreased to $4.4M from $5.4M at Dec 31, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315222032173/0001493152-22-032173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315222032173/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-032173

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