Oxbridge Re FY2023 net loss widens to $9.9M; tokenized reinsurance returns >45%

OXBRIDGE RE HOLDINGS Ltd

Net loss of $9.9M ($1.69/share) for FY2023 vs $1.8M ($0.31/share) loss in prior year.
Net premiums earned increased to $1.255M from $995K YoY on higher reinsurance rates.
Q4 net loss $2.67M ($0.46/sh) vs net income $678K ($0.12/sh) in Q4 2022.
Loss ratio improved to 0% (no underwriting losses) vs 107.8% in 2022; combined ratio 185.2%.
Delta CatRe tokens issued in 2023 expected to deliver >45% return to investors, exceeding 42% target.

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 quarter and year ended December 31, 2023 results: net income net loss of $9.9 million, EPS ($1.69) per basic and diluted loss per share.

Period: the quarter and year ended December 31, 2023
Net income: net loss of $9.9 million
EPS: ($1.69) per basic and diluted loss per share
Result: reported results

Exact text from the filing

the Company incurred a net loss of $9.9 million or ($1.69) per basic and diluted loss per share compared to net loss of $1.8 million or ($0.31) per basic and diluted earnings per share in the prior year.

View on SEC.gov

1362 earnings releases filed in the last 30 days. Browse all earnings releases →

OXBRIDGE RE HOLDINGS Ltd filing history →

Source: SEC EDGAR

accession 0001493152-24-011316

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.