Oxbridge Re Holdings Ltd ( (OXBR) ) has released its Q4 earnings. Here is a breakdown of the information Oxbridge Re Holdings Ltd presented to its investors.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Oxbridge Re Holdings Limited is a Cayman Islands-based company specializing in tokenized Real-World Assets (RWAs) and reinsurance solutions for property and casualty insurers, primarily in the Gulf Coast region of the United States.
In its fiscal 2024 earnings report, Oxbridge Re Holdings Limited highlighted its innovative approach in the reinsurance sector through its subsidiary, SurancePlus Inc., which utilizes blockchain technology to offer tokenized reinsurance securities. The company also reported a successful reverse direct offering, raising $3 million to strengthen its capital position.
Key financial metrics for the year ended December 31, 2024, include a significant increase in net premiums earned, rising to $2.3 million from $1.3 million the previous year. The company reported a net loss of $2.7 million, a notable improvement from the $9.9 million loss in 2023. The combined ratio improved to 94.3% from 185.2%, reflecting higher premium earnings and reduced administrative expenses.
Looking forward, Oxbridge Re Holdings Limited is poised to expand its presence in the tokenized reinsurance market, leveraging strategic partnerships and new product offerings to attract a broader investor base. The company’s management remains optimistic about capitalizing on the growing interest in real-world asset tokenization, with a focus on transparency and compliance.