Oxbridge Re Hldgs Ltd Stock Price, News & Analysis

Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported a significant turnaround for the year ended December 31, 2021, achieving a net income of $8.6 million ($1.49 per share) compared to a loss of $0.01 per share in 2020. Key highlights include an increase in net premiums earned to $965,000 and a substantial unrealized gain of $9.2 million on their investment in Oxbridge Acquisition Corp. However, total expenses rose to $1.6 million, primarily due to losses from Hurricane Ida. The company's balance sheet remains strong with $5.4 million in cash and no debt.

Oxbridge Re (NASDAQ:OXBR) will hold a conference call on March 30, 2022, at 4:30 p.m. ET to discuss Q4 and 2021 annual results. Financial results will be released that day after market close. Interested parties can join via a toll-free number or webcast link found on the company's website. A replay of the call will be available after the event. Oxbridge Re specializes in providing reinsurance solutions primarily to property and casualty insurers.

Oxbridge Re Holdings reported strong financial results for Q3 2021, achieving net income of $6.5 million ($1.14 per share), compared to a loss of $(33,000) in Q3 2020. The company’s net premiums earned increased to $370,000 from $247,000 year-over-year. Notably, an unrealized gain of $7.1 million stemmed from its investment in Oxbridge Acquisition Corp. Despite a loss of $158,000 from Hurricane Ida, the company remains optimistic about its reinsurance operations and SPAC investments, signaling strong potential going forward.

Oxbridge Re (NASDAQ:OXBR) will hold a conference call on November 12, 2021, at 4:30 p.m. Eastern time to discuss its third-quarter and nine-month results ending September 30, 2021. A press release with the financial results will be issued after market close on the same day. Interested parties can listen by dialing the provided toll-free number or via the webcast on the company's website.

A replay will be available post-call and until December 12, 2021.

Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported positive earnings for Q2 2021, achieving a net income of $448,000, up from $165,000 in Q2 2020. Premium income rose to $205,000 due to higher reinsurance rates, despite a slight decrease in net premiums earned for the first half of 2021. Expenses totaled $334,000 in Q2, reflecting increased policy acquisition costs. The company maintains a 0.0% loss ratio year-to-date. Oxbridge Acquisition Corp. successfully raised $115 million in its IPO. The management remains optimistic about the company's long-term prospects and investments in technology sectors.

Oxbridge Acquisition Corp. has announced the pricing of its initial public offering (IPO) of 10 million units at $10.00 each, consisting of one Class A ordinary share and one redeemable warrant. Trading under the ticker symbol OXACU on Nasdaq starts August 12, 2021, with shares and warrants separating to trade under OXAC and OXACW, respectively. The IPO is expected to close on August 16, 2021, with the underwriters given a 45-day option for an additional 1.5 million units. The company aims to target technology businesses within insurtech, blockchain, and AI sectors.

Oxbridge Re (NASDAQ:OXBR) has rescheduled its quarterly conference call to August 16, 2021, at 4:30 p.m. Eastern time. This call will present the financial results for the second quarter and six months ending June 30, 2021. A press release detailing the results will be issued after market close on the same date. Interested parties can access the call via a toll-free number or webcast through the company's website. A replay will be available through September 16, 2021.

Oxbridge Re (NASDAQ:OXBR) will host a conference call on August 13, 2021 at 4:30 p.m. ET to discuss its Q2 2021 financial results. A press release detailing these results will be circulated after market close on the same day. Interested parties can join the call via a toll-free number or through a webcast on the company's website. A replay will be available post-call until September 13, 2021. Oxbridge Re specializes in reinsurance solutions, particularly for property and casualty insurers in the Gulf Coast region.

Oxbridge Re (NASDAQ:OXBR) announced that its indirect subsidiary, Oxbridge Acquisition Corp., has filed a Registration Statement on Form S-1 with the SEC for a proposed initial public offering (IPO) targeting a base size of $100 million. Oxbridge Reinsurance Limited will be the lead investor in this SPAC, focusing on investments in disruptive technologies such as InsurTech, blockchain, and AI. The IPO aims to bolster the growth of Oxbridge Reinsurance’s capital. Maxim Group LLC is the book-running manager for the offering.