secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001493152-24-011316
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000149315224011316/0001493152-24-011316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000149315224011316/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-011316

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