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Oxbridge Re Holdings Limited reports developments in tokenized real-world assets and property-and-casualty reinsurance business solutions. The Cayman Islands company, through SurancePlus Inc., Oxbridge Re NS and Oxbridge Reinsurance Limited, offers tokenized reinsurance securities and reinsurance solutions for property and casualty insurers, including insurers in the U.S. Gulf Coast region.
Recurring news themes include financial results, SurancePlus participation-share offerings represented by digital tokens, collateralized reinsurance activity, blockchain infrastructure and distribution partnerships, and capital-structure updates. Company announcements also cover the expansion of tokenized reinsurance as an on-chain real-world asset category and related platform activity.
Oxbridge Re (NASDAQ:OXBR) will hold a conference call on November 10, 2020, at 4:30 p.m. Eastern Time to discuss its financial results for the third quarter and nine months ending September 30, 2020. A press release with the financial results will be issued after the market closes on the same day. The call will be hosted by Oxbridge Re's management, followed by a Q&A session. Interested parties can access the call via telephone or webcast. A replay will be available until December 10, 2020.
Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported improved financial results for Q2 and H1 2020. The company achieved a net income of $165,000, reversing the $(205,000) loss from the same quarter last year. Premium income rose due to normalized recognition, with no losses incurred in 2020. General and administrative expenses fell due to cost-saving initiatives, and the book value is reported at $1.37 per share. The company noted a strong 36% return for sidecar investors. Despite the challenges posed by COVID-19, operations remain stable.
Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported a net income of $165,000 for Q2 2020, a significant turnaround from a loss of $(205,000) in Q2 2019. Premium income rose due to normalized recognition, with no losses incurred in 2020. Total expenses increased slightly to $297,000 from $290,000 year-over-year, while general and administrative expenses declined thanks to cost-saving measures. The combined ratio improved to 220.0% in Q2 2020 from 311.8% in 2019. Book value stands at $1.37 per common share, and sidecar investors earned a strong 36% return.