Oxbridge Re Hldgs Ltd Stock Price, News & Analysis

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.

Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported improved financial results for Q1 2021, with a net income of $28,000, a turnaround from a net loss of $364,000 in Q1 2020. The positive change is attributed to an increase in the fair value of equity securities. Although net premiums earned slightly decreased to $181,000, the company incurred no losses during the period. The combined ratio rose to 150.3%, indicating underwriting inefficiencies. Management remains optimistic about growth opportunities and is set to discuss results in a conference call.

Oxbridge Re (NASDAQ:OXBR) will hold a conference call on May 14, 2021, at 4:30 p.m. ET to discuss its first-quarter results for the period ending March 31, 2021. A press release with financial details will precede the call on the same day. Investors can access the call via a toll-free number or through a webcast link on the company's website. A replay will be available until June 13, 2021. Oxbridge specializes in providing reinsurance solutions to property and casualty insurers, focused on high severity risks in the Gulf Coast region.

Oxbridge Re Holdings Limited (NASDAQ:OXBR) announced its financial results for the year ending December 31, 2020. The company achieved a net income of $181,000 in Q4 2020, compared to $61,000 in Q4 2019. Full-year net loss decreased to $50,000 from $305,000 in 2019, driven by increased net premiums earned and lower G&A expenses. Premium income rose to $893,000 for 2020, while total expenses slightly declined. The company reported a 0% loss ratio and a combined ratio of 126.1% for the year. Optimistic projections include a 24% return on investment for sidecar investors.

Oxbridge Re (NASDAQ: OXBR) will hold a conference call on March 30, 2021, at 4:30 p.m. ET to discuss its 2020 fourth quarter and annual results. A press release will precede the call, providing financial details after market close. The call can be accessed via toll-free and international numbers, and a replay will be available until April 30, 2021. Oxbridge specializes in reinsurance for property and casualty insurers in the U.S. Gulf Coast region, focusing on high severity risks.

Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported third-quarter and nine-month results on November 10, 2020. For the nine months, net premiums earned increased to $646,000, compared to $372,000 in 2019. Despite a net loss of $232,000 or $(0.04) per share, this was an improvement from a loss of $366,000 in the previous year. The company maintained a 0.0% loss ratio and reduced general & administrative expenses. Cash and equivalents stood at $7.4 million. The combined ratio was 107.7% for the quarter, indicating a need for improved underwriting performance.

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.