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Oxbridge Re Holdings Limited reports developments around its reinsurance business and its SurancePlus tokenized real-world asset platform. The Cayman Islands issuer offers tokenized reinsurance securities through SurancePlus and property-and-casualty reinsurance business solutions through Oxbridge Reinsurance Limited and Oxbridge Re NS.
Recurring updates include operating and financial results, capital-structure disclosures, SurancePlus participation-share offerings represented by digital tokens, collateralized reinsurance contract activity, and blockchain distribution or infrastructure relationships for on-chain reinsurance securities. OXBRW represents warrants to purchase Oxbridge Re ordinary shares listed on Nasdaq.
Oxbridge Re (NASDAQ: OXBR) will hold a conference call on May 12, 2022, at 4:30 p.m. ET to discuss its Q1 2022 financial results, which will be announced earlier that day. Interested parties can participate via a toll-free number or by accessing the webcast on the company's website. A replay of the call will be available until June 11, 2022. Oxbridge Re specializes in reinsurance solutions primarily for property and casualty insurers in the Gulf Coast region, focusing on medium frequency and high severity risks.
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.