Oxbridge Re posts Q1 net income of $142k; launches SurancePlus token offering

OXBRIDGE RE HOLDINGS Ltd

2023-Q1 EPS reported $0.02 revenue$546,000

Q1 2023 net income $142k ($0.02 per share) vs net loss $387k ($0.07 loss) in Q1 2022.
Net premiums earned nil vs $210k in prior year; no losses incurred in either period.
Launched Web3 subsidiary SurancePlus Inc offering tokenized securitized tokens targeting 42% annual return.
Oxbridge Acquisition Corp (OXAC) agreed to combine with Jet.AI; expected close mid-July 2023.
Cash and equivalents $3.6M at Mar 31, 2023 vs $3.9M at Dec 31, 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OXBRIDGE RE HOLDINGS Ltd reported the three months ended March 31, 2023 results: net income $142,000 or $0.02 per basic and diluted common share, EPS $0.02 per basic and diluted common share.

Period: the three months ended March 31, 2023
Net income: $142,000 or $0.02 per basic and diluted common share
EPS: $0.02 per basic and diluted common share
Result: reported results

Exact text from the filing

Oxbridge Re Holdings Limited (NASDAQ: OXBR ) , (the “Company”), a provider of reinsurance solutions primarily to property and casualty insurers, reported its results for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001493152-23-016652

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