Oxbridge Re reports FY 2024 net loss of $2.7M, improved from $9.9M; premiums up 83%

OXBRIDGE RE HOLDINGS Ltd

Net loss $2.7M ($0.45/share) vs $9.9M ($1.69) prior year; Q4 net loss $460K vs $2.67M prior year.
Net premiums earned $2.3M for 2024, up from $1.3M in 2023 (83% increase) due to higher rates and full-year recognition.
Combined ratio improved to 94.3% from 185.2% due to higher premiums and lower expenses.
Subsequent to year end, completed reverse direct offering raising $3M gross proceeds to strengthen capital position.
Launched 2025-2026 tokenized reinsurance offerings targeting 20% and 42% annual returns; partnership with Plume.

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