Increase in Net Premium Earned
Net premium earned for Q1 2025 increased to $595,000 from $549,000 in Q1 2024, due to higher rates on contracts.
Positive Revenue Growth
Total revenues for Q1 2025 were $692,000 compared to negative $125,000 in Q1 2024, driven by increased investment income and a realized gain on investment.
Successful Launch of Tokenized Securities
SurancePlus launched DeltaCat Re securities with returns exceeding 49%, surpassing the initial 42% projections.
Increase in Cash and Cash Equivalents
Cash and cash equivalents increased by $3.7 million or 62.8% to $9.6 million from $5.9 million as of December 31, 2024.
Strategic Partnerships and Growth Initiatives
MOU signed with Plume to expand distribution channels for tokenized offerings, enhancing presence within the RWA ecosystem.