secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2023-11-14T23:59:59+00:00
Accession:  0001493152-23-041110
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re Q3 net loss $7.3M vs $2.2M YoY; SurancePlus generates $300K in fees
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- Net loss of $7.3M ($1.24 diluted EPS) in Q3 2023 vs $2.2M ($0.37) YoY; nine-month loss $7.2M ($1.23) vs $2.5M.
- Net premiums earned $549K in Q3 2023 vs $591K YoY; combined ratio 244.4% for nine months.
- SurancePlus subsidiary generated $300K in ITOM fees on $2.4M token raise; CEO expects 42% return for investors.
- Unrealized loss on investment in Jet.AI (completed Aug 2023) drove the net loss.
- Cash and equivalents $3.6M at Sept 30, 2023 vs $3.9M at Dec 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223041110/0001493152-23-041110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315223041110/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer