Oxbridge Re swings to FY2021 profit of $8.6M on $9.2M SPAC unrealized gain

OXBRIDGE RE HOLDINGS Ltd

FY2021 net income $8.6M ($1.49 diluted EPS) vs net loss $50K (-$0.01) in FY2020.
Q4 net income $1.6M ($0.27 diluted EPS) vs $181K ($0.03) in Q4 2020.
Net premiums earned $965K in FY2021, up from $893K; loss ratio 16.4% due to Hurricane Ida.
Expense ratio rose to 146.2% from 126.1%; combined ratio 162.6% due to Hurricane Ida losses and $181K uncollectible premiums.
Cash and restricted cash $5.4M at year-end 2021, down from $7.5M; no debt.

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.