Oxbridge Re Holdings (OXBR) News
Market Cap: $15.03M
Avg Volume: 35.71K
Industry: Insurance - Reinsurance
Sector: Financial Services
Oxbridge Re Holdings Limited (OXBR) Q4 2024 Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q4 2024 Earnings Conference Call March 26, 2025 4:30 PM ET Company Participants Wrendon Timothy - Chief Financial Officer & Corporate Secretary Jay Madhu - Chairman, President & Chief Executive Officer Conference Call Participants Allen Klee - Maxim Group Kent Engelke - Capitol Securities Operator Good afternoon. Welcome to Oxbridge Re's Fiscal 2024 Earnings Conference Call.
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Oxbridge Re Holdings Limited Reports Fiscal 2024 Results
GRAND CAYMAN, Cayman Islands, March 26, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (“Oxbridge Re” or the “Company”), which together with its subsidiaries, is engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of tokenized reinsurance securities, and reinsurance business solutions to property and casualty insurers in the Gulf Coast region of the United States, today reported its results for the three months and year ended December 31, 2024.
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Oxbridge / SurancePlus to Speak at Uncorrelated Puerto Rico on April 1st
GRAND CAYMAN, Cayman Islands, March 24, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiary SurancePlus, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. The company today announced that its CEO and Chairman, Jay Madhu, will participate as a panelist at the Uncorrelated Puerto Rico summit, taking place March 30th - April 1st at the Condado Vanderbilt Hotel in San Juan, Puerto Rico.
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Oxbridge Re Announces 2024 Fourth Quarter Results on March 26, 2025
GRAND CAYMAN, Cayman Islands, March 20, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), which together with its subsidiaries is engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of tokenized reinsurance securities, and reinsurance business solutions to property and casualty today, announced that it plans to hold a conference call on Wednesday March 26, 2025 at 4:30 p.m. Eastern Time to discuss results for the fourth quarter and year ending December 31, 2024. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period.
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Oxbridge / SurancePlus Announces Partnership with Plume, Expanding Access to Millions of Potential Investors
GRAND CAYMAN, Cayman Islands, March 19, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), through its subsidiary SurancePlus , is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, today announced SurancePlus' partnership with Plume , a leading blockchain optimized for Real-World Asset Finance (RWAfi). This collaboration aims to significantly expand the distribution of SurancePlus' 2025-2026 tokenized reinsurance securities - EtaCat Re and ZetaCat Re - which target annual returns of 20% and 42%, respectively.
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Oxbridge / SurancePlus to Attend Digital Asset Summit 2025 in New York
GRAND CAYMAN, Cayman Islands, March 13, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiary SurancePlus , is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, today announced its participation in Digital Asset Summit 2025, a leading institutional finance and blockchain event, taking place at Javits Center North in New York from March 18-20, 2025. Oxbridge / SurancePlus are at the forefront of Real-World Asset (RWA) tokenization in the reinsurance sector, offering investors access to high-yield, security-backed digital securities - previously reserved for institutional investors and ultra-high-net-worth individuals.
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Oxbridge / SurancePlus Announces Two RWA Tokenized Reinsurance Offerings for its 2025 - 2026 Season: Targeting Returns of 20% and 42%
GRAND CAYMAN, Cayman Islands, March 04, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiary SurancePlus , is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, today announced the launch of its 2025 tokenized reinsurance offerings. For the first time, investors can choose their preferred risk-return profile with two distinct options: EtaCat Re – 20% (Balanced Yield) ZetaCat Re – 42% (High Yield) Invest now at SurancePlus.com/invest These blockchain-powered offerings open access to an asset class that was previously exclusive to institutional investors and ultra-high-net-worth individuals.
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Oxbridge Announces Pricing of $3.0 Million Registered Direct Offering and Concurrent Private Placement
GRAND CAYMAN, Cayman Islands, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR) (“Oxbridge Re”), together with its subsidiaries which is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of tokenized reinsurance securities, and reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United State, today announced that it has entered into a securities purchase agreement with a single institutional investor to purchase 705,884 ordinary shares in a registered direct offering. In a concurrent private placement, the Company also agreed to issue and sell unregistered Series A Warrants to purchase up to an aggregate of 529,413 ordinary shares, and unregistered Series B Warrants to purchase up to an aggregate of 882,355 ordinary shares. The combined effective offering price for each ordinary share and the accompanying Series A Warrants and Series B Warrants is $4.25. The Series A Warrants will be immediately exercisable, and will expire two years from the initial exercise date and will have an exercise price of $4.25 per share. The Series B Warrants will be exercisable on the earlier of shareholder approval or 6 months from issuance, and will expire five years from the initial exercise date and will have an exercise price equal to the lower of (i) the Nasdaq minimum price and (ii) from and after the date the Company receives shareholder approval, $4.25 per share.
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Oxbridge / SurancePlus to Speak at RWA DAY During ETHDenver 2025
GRAND CAYMAN, Cayman Islands, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiary SurancePlus , is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, announced today that CEO and Chairman Jay Madhu will be a featured speaker at RWA DAY during ETHDenver 2025, a premier event focused on Real-World Asset (RWA) tokenization, moderated by Adam Blumberg.
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Oxbridge / SurancePlus to Participate in Digital Assets 2025 Virtual Conference Presented by Maxim Group LLC on February 12th
GRAND CAYMAN, Cayman Islands, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiary SurancePlus , is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, today announced its CEO and Chairman Jay Madhu will participate in an exclusive fireside chat at the Maxim Digital Assets Conference. Jay will be joined by Allen Klee, Managing Director, Equity Research Analyst, TMT at Maxim Group.
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Oxbridge / SurancePlus Selects Coinbase Prime to Support Strategic Bitcoin and Ethereum Investment
GRAND CAYMAN, Cayman Islands, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiary SurancePlus , is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, today announced it has selected Coinbase Prime to facilitate the purchase and secure custody of Bitcoin and Ethereum along with potentially other cryptocurrencies as a treasury reserve asset.
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Oxbridge Approves Bitcoin and Ethereum as Treasury Reserve Assets
GRAND CAYMAN, Cayman Islands, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge”), together with its subsidiaries, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. The Company today announced that its Board of Directors has approved a decision to include Bitcoin and Ethereum as treasury reserve assets. This decision reflects Oxbridge's commitment to innovation and reflects its strategy of diversifying financial holdings while exploring inflation-resistant assets with long-term growth potential, including blockchain-related opportunities such as Bitcoin, Ethereum, and potentially other cryptocurrencies.
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Oxbridge / SurancePlus Announce January 2025 Event Schedule in Miami
GRAND CAYMAN, Cayman Islands, Jan. 10, 2025 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its RWA/Web3-focused subsidiary, SurancePlus, today announced it will be in Miami throughout three notable events.
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Oxbridge / SurancePlus Announces Upcoming Participation in Key Industry Events
GRAND CAYMAN, Cayman Islands, Dec. 09, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiaries, is engaged in the tokenization of Real-World Assets (“RWAs”), initially with tokenized reinsurance securities, and in providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. Today, announced its upcoming participation in several key industry events alongside its Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), highlighting the success of recent marketing efforts.
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Oxbridge Re Holdings Limited (OXBR) Q3 2024 Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q3 2024 Earnings Conference Call November 13, 2024 4:30 PM ET Company Participants Wrendon Timothy - Chief Financial Officer & Corporate Secretary Jay Madhu - Chairman, President & Chief Executive Officer Conference Call Participants Kent Engelke - Capitol Securities Operator Good afternoon. Welcome to Oxbridge Re's Third Quarter 2024 Earnings Call.
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Oxbridge Re Reports Update on its RWA Tokenized Security, its Business and Third Quarter 2024 Results
GRAND CAYMAN, Cayman Islands, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), together with its subsidiaries which is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of tokenized reinsurance securities, and reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported its results for the three and nine months ended September 30, 2024.
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Oxbridge / SurancePlus CEO Jay Madhu to Speak at Digital Assets Week in Singapore
GRAND CAYMAN, Cayman Islands, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge”), together with its RWA/Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), today announced it will be participating in two of the world's most anticipated events regarding digital assets and fintech. Oxbridge Re, together with its subsidiary SurancePlus is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of reinsurance securities, and providing reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States. Oxbridge's CEO, Jay Madhu will be speaking at Digital Assets Week in Singapore regarding ‘Reshaping Access to the Trillion-Dollar Reinsurance Industry', along with the company's strategic partner Zoniqx, a leader in digital asset management, and their CEO Prasanth Kalangi. To date, Zoniqx has issued billions of dollars on-chain.
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Oxbridge Re Announces 2024 Third Quarter Results on November 13, 2024
GRAND CAYMAN, Cayman Islands, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR ) announced that it plans to hold a conference call on Wednesday November 13, 2024 at 4:30 p.m. Eastern time to discuss results for the third quarter and nine months ending ended September 30, 2024. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period.
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Oxbridge Re Reports Update on Business and Second Quarter 2024 Results
GRAND CAYMAN, Cayman Islands, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), together with its subsidiaries which is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of tokenized reinsurance securities, and reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported its results for the three and six months ended June 30, 2024.
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Oxbridge announces Strategic Partnership with Zoniqx a pioneer in digital asset management & a successful capital raise for Epsilon Cat Re
GRAND CAYMAN, Cayman Islands, July 17, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“Oxbridge Re”), together with its subsidiaries which is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of tokenized reinsurance securities, and reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, announced that its Web3-focused subsidiary, SurancePlus Inc. (“SurancePlus”), has signed a partnership agreement with Zoniqx , a pioneer in digital asset management who previously announced a partnership with Ripple and PwC as part of their Tokenization & Digital Assets Scale program. This collaboration aims to further expand the footprint of SurancePlus as it revolutionizes the reinsurance industry by leveraging blockchain technology to tokenize reinsurance contracts and facilitate their deployment on blockchain ecosystems.
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Oxbridge Re's RWA Subsidiary SurancePlus reports 49% Realized return on its 2023/24 DeltaCat Re Tokenized Reinsurance Securities
GRAND CAYMAN, Cayman Islands, June 11, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ) (“The Company”), together with its subsidiaries is engaged in the business of tokenized Real-World Assets (“RWAs”) initially in the form of tokenized reinsurance securities, and reinsurance solutions primarily to property and casualty insurers, today announced that its Web3-focused, subsidiary, SurancePlus Inc . (“SurancePlus”), earned an impressive 49.11% return on its tokenized reinsurance security, DeltaCat Re exceeding the initial ROI projection of 42%.
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Oxbridge Re Holdings Limited (OXBR) Q1 2024 Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q1 2024 Earnings Conference Call May 9, 2024 4:30 PM ET Company Participants Wrendon Timothy – Chief Financial Officer and Corporate Secretary Jay Madhu – Chairman, President and Chief Executive Officer Conference Call Participants Duane Roberts – Rock Fleet Financial Operator Good afternoon, and welcome to Oxbridge Re's First Quarter 2024 Earnings Call. My name is Audra, and I will be your conference operator this afternoon.
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Oxbridge Re Holdings Limited Reports First Quarter 2024 Results
GRAND CAYMAN, Cayman Islands, May 09, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited ( NASDAQ: OXBR ), (the “Company”), which together with its subsidiaries is engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of tokenized reinsurance securities and reinsurance solutions primarily to property and casualty insurers, today reported its results for the three months ended March 31, 2024.
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Oxbridge Re to Present at the LD Micro Main Event XIV in New York
Presentation on Tuesday, April 9 at 12:00 PM ET Grand Cayman, Cayman Islands--(Newsfile Corp. - April 8, 2024) - Oxbridge Re Holdings Ltd (NASDAQ: OXBR), (the "Company" and its subsidiaries which are engaged in the business of tokenized Real-World Assets ("RWAs"), initially in the form of Tokenized Reinsurance Securities, announced today that it will be presenting at The 14th Annual LD Micro Invitational at the Sofitel New York on April 8th-9th, 2024. The event is expected to feature 80 companies presenting in half-hour increments, as well as private 1:1 meetings.
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Oxbridge Re Announces Launch of Tokenized Real-World Asset Offering EpilsonCat Re
GRAND CAYMAN, Cayman Islands, March 27, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (Nasdaq: OXBR ), (the “Company”), and its subsidiaries which are engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of Tokenized Reinsurance Securities, and reinsurance business solutions to property and casualty insurers, announced the launch of its offering of this year's Participation Shares represented by digital tokens to be issued under a 3-year Participation Share Investment Contract (the “PSIC”). The offering which is the second year of the Cat Re series, is being conducted by our indirectly wholly owned subsidiary SurancePlus Inc. (“SurancePlus”) will issue between 500,000 to 1,000,000 Participation Shares, represented by digital tokens labelled “EpsilonCat Re”. The Participation Shares will be offered at an initial price of $10 per Participation Share. The Participation Shares are not shares in SurancePlus and shall have no preemptive right or conversion rights. The Participation Shares solely confer contractual rights against SurancePlus as contained in the PSIC.
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Oxbridge Re Holdings Limited (OXBR) Q4 2023 Earnings Call Transcript
Oxbridge Re Holdings Limited (OXBR) Q4 2023 Earnings Call Transcript
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Oxbridge Re Holdings Limited Reports Fiscal 2023 Results
GRAND CAYMAN, Cayman Islands, March 26, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), which together with its subsidiaries is engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of tokenized reinsurance securities, and reinsurance business solutions to property and casualty today, reported its results for the three months and year ended December 31, 2023.
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Oxbridge Re Announces 2023 Fourth Quarter Results on March 26, 2024
GRAND CAYMAN, Cayman Islands, March 07, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR ) announced that it plans to hold a conference call on Tuesday March 26, 2024 at 4:30 p.m. Eastern Time to discuss the results for the fourth quarter and twelve months ended December 31, 2023. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call followed by a question and answer period.
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Oxbridge Re Holdings Limited Announces Term Extension of Warrants
GRAND CAYMAN, Cayman Islands, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), which together with its subsidiaries is engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of tokenized reinsurance securities, and reinsurance business solutions to property and casualty insurers, announced today an extension to the term for exercise of its publicly traded warrants (NASDAQ: OXBRW).
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Oxbridge Re announces the rebranding of its Corporate Website
GRAND CAYMAN, Cayman Islands, Dec. 18, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR ), (the “Company”), and its subsidiaries which are engaged in the business of tokenized Real-World Assets (“RWAs”), initially in the form of Tokenized Reinsurance Securities, and reinsurance business solutions to property and casualty insurers, today announced the rebranding of its corporate website www.OxbridgeRe.com.
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Oxbridge Re Holdings Limited (OXBR) Q3 2023 Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q3 2023 Results Conference Call November 14, 2023 4:30 PM ET Company Participants Jay Madhu - Chairman, President and CEO Wrendon Timothy - CFO and Corporate Secretary Conference Call Participants Kent Engelke - Capitol Securities Management Operator Good afternoon. Welcome to Oxbridge Re's Third Quarter 2023 Earnings Call.
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Oxbridge Re Holdings Limited Reports Third Quarter 2023 Results
GRAND CAYMAN, Cayman Islands, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), and its subsidiaries which are engaged in the business of tokenized Real World Assets (“RWAs”), initially in the form of Tokenized Reinsurance Securities, and reinsurance business solutions to property and casualty insurers, reported its results for the three and nine months ended September 30, 2023.
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Oxbridge Re Announces 2023 Third Quarter Results on November 14, 2023
GRAND CAYMAN, Cayman Islands, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR) announced that it plans to hold a conference call on Tuesday November 14, 2023 at 4:30 p.m. Eastern time to discuss results for the third quarter and nine months ending ended September 30, 2023. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period.
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Oxbridge Re Joins Webull's Corporate Connect Service
GRAND CAYMAN, Cayman Islands, Oct. 10, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR ), (the “Company”), today announced that it has begun participating on the Webull Corporate Connect Service.
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Oxbridge Re Holdings to Present at the LD Micro Main Event XVI
Presentation on Wednesday, October 4th at 12:00 PT Grand Cayman, Cayman Islands--(Newsfile Corp. - September 19, 2023) - Oxbridge Re Holdings Ltd (NASDAQ: OXBR) announced today that it will be presenting at the 16th annual Main Event on Wednesday, October 4th at 12:00 PT at the Luxe Sunset Boulevard Hotel. Jay Madhu, CEO and Chairman, will be leading the presentation.
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Oxbridge Re Holdings Limited (OXBR) Q2 2023 Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q2 2023 Results Conference Call August 14, 2023 4:30 PM ET Company Participants Jay Madhu - Chairman, President and CEO Wrendon Timothy - CFO and Corporate Secretary Conference Call Participants Kent Engelke - Capitol Securities Management Operator Good afternoon, welcome to Oxbridge Re's Second Quarter 2023 Earnings Call. My name is Chloe and I will be your conference operator this afternoon.
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Oxbridge Re Holdings Limited Reports Second Quarter 2023 Results
GRAND CAYMAN, Cayman Islands, Aug. 14, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR ), (the “Company”), a provider of reinsurance solutions primarily to property and casualty insurers, reported its results for the three and six months ended June 30, 2023.
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Oxbridge Re Announces 2023 Second Quarter Results on August 14, 2023
GRAND CAYMAN, Cayman Islands, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR) announced that it plans to hold a conference call on Monday August 14, 2023 at 4:30 p.m. Eastern time to discuss results for the second quarter and six months ending ended June 30, 2023. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period.
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Oxbridge Re Holdings to Present at the LD Micro Invitational XIII
Grand Cayman, Cayman Islands--(Newsfile Corp. - May 18, 2023) - Oxbridge Re Holdings (NASDAQ: OXBR) announced today that it will be presenting at the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel, California on June 6th-8th, 2023. The event is expected to feature 150+ companies, presenting in half-hour increments, as well as private 1:1 meetings.
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Oxbridge Re Holdings Limited (OXBR) Q1 2023 Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q1 2023 Earnings Conference Call May 12, 2023 4:30 PM ET Company Participants Wrendon Timothy - Chief Financial Officer & Corporate Secretary Jay Madhu - Chairman, President & Chief Executive Officer Conference Call Participants Kent Engelke - Capitol Securities Operator Good afternoon and welcome to Oxbridge Re's First Quarter 2023 Earnings Call. My name is Camilla and I will be your conference operator this afternoon.
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Oxbridge Re Announces 2023 First Quarter Results on May 12, 2023
GRAND CAYMAN, Cayman Islands, May 08, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR) announced that it plans to hold a conference call on Friday May 12, 2023 at 4:30 p.m. Eastern time to discuss results for the first quarter ended March 31, 2023. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period.
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Oxbridge Re Holdings Ltd (OXBR) Q4 2022 Earnings Call Transcript
Oxbridge Re Holdings Ltd (NASDAQ:OXBR ) Q4 2022 Earnings Conference Call March 30, 2023 4:30 PM ET Company Participants Wrendon Timothy - CFO and Corporate Secretary Jay Madhu - Chairman, President & CEO Conference Call Participants Kent Engelke - Capitol Securities Operator Good afternoon. Welcome to Oxbridge Re's Fourth Quarter and Year-End 2022 Earnings Call.
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Oxbridge Re Holdings Limited Announces 2022 Fourth Quarter Results on March 30, 2023
GRAND CAYMAN, Cayman Islands, March 24, 2023 (GLOBE NEWSWIRE) -- Oxbridge Re Holdings Limited (NASDAQ: OXBR) announced that it plans to hold a conference call on Thursday March 30, 2023 at 4:30 p.m. Eastern time to discuss results for the fourth quarter and twelve months ended December 31, 2022. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period.
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Oxbridge Re Holdings Ltd (OXBR) Q3 2022 Earnings Call Transcript
Oxbridge Re Holdings Ltd (NASDAQ:OXBR ) Q3 2022 Earnings Conference Call November 14, 2022 4:30 PM ET Company Participants Wrendon Timothy - CFO, Secretary & Director Sanjay Madhu - Chairman, President & CEO Conference Call Participants Kent Engelke - Capitol Securities Management Operator Good afternoon. Welcome to Oxbridge Re's Third Quarter 2022 Earnings Call.
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Oxbridge Re Announces 2022 Third Quarter Results on November 14, 2022
GRAND CAYMAN, Cayman Islands, Nov. 08, 2022 (GLOBE NEWSWIRE) -- Oxbridge Re (NASDAQ: OXBR) announced that it plans to hold a conference call on Monday November 14, 2022 at 4:30 p.m. Eastern time to discuss results for the third quarter and nine months ended September 30, 2022. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge Re's management will host the conference call, followed by a question and answer period.
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Oxbridge Re Holdings Limited (OXBR) CEO Jay Madhu on Q2 2022 Results - Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Jay Madhu - Chairman, President and Chief Executive Officer Wrendon Timothy - Chief Financial Officer and Corporate Secretary Conference Call Participants Kent Engelke - Capitol Securities James Hurt - Private Investor Operator Good afternoon. Welcome to Oxbridge Re's Second Quarter 2022 Earnings Call.
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Oxbridge Re Holdings' (OXBR) CEO Jay Madhu on Q1 2022 Results - Earnings Call Transcript
Oxbridge Re Holdings Limited (NASDAQ:OXBR ) Q1 2022 Earnings Conference Call May 12, 2022 4:30 PM ET Company Participants Wrendon Timothy – Chief Financial Officer and Corporate Secretary Jay Madhu – Chairman, President and Chief Executive Officer Conference Call Participants Kent Engelke – Capitol Securities Management Operator Good afternoon. Welcome to Oxbridge Re's First Quarter 2022 Earnings Call.
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Oxbridge Re Announce 2022 First Quarter Results on May 12, 2022
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / May 8, 2022 / Oxbridge Re (NASDAQ:OXBR) announced that it plans to hold a conference call on Thursday May 12, 2022 at 4:30 p.m. Eastern time to discuss results for the first quarter ended March 31, 2022.
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6 Stocks Halted In Thursday's Session
A circuit breaker is an automatic, temporary trading halt on certain securities when the underlying stock is experiencing times of high volatility. It's a measure put in place to help restore and bring order to the markets.
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Oxbridge Re Holdings Limited (OXBR) CEO Jay Madhu on Q4 2021 Results - Earnings Call Transcript
Oxbridge Re Holdings Limited (OXBR) CEO Jay Madhu on Q4 2021 Results - Earnings Call Transcript
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Oxbridge Re Announce 2021 Fourth Quarter Results on March 30, 2022
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / March 25, 2022 / Oxbridge Re (NASDAQ:OXBR) announced that it plans to hold a conference call on Wednesday March 30, 2022 at 4:30 p.m. Eastern Time to discuss results for the fourth quarter and year ended December 31, 2021.
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Oxbridge Re (OXBR) Stock: Why The Price Surged Today
The stock price of Oxbridge Re Holdings Ltd (NASDAQ: OXBR) increased by over 20% pre-market today. This is why it happened.
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Oxbridge Re Announce 2021 Third Quarter Results on November 12, 2021
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / November 8, 2021 / Oxbridge Re (NASDAQ:OXBR) announced that it plans to hold a conference call on Friday November 12, 2021 at 4:30 p.m. Eastern time to discuss results for the third quarter and nine months ended September 30, 2021.
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Oxbridge Re Holdings Limited (OXBR) CEO Jay Madhu on Q2 2021 Results - Earnings Call Transcript
Oxbridge Re Holdings Limited (OXBR) CEO Jay Madhu on Q2 2021 Results - Earnings Call Transcript
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Oxbridge Re Holdings Limited Reports Strong Performance for First Six Months of 2021
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / August 16, 2021 / Oxbridge Re Holdings Limited (NASDAQ:OXBR) , (the "Company"), a provider of reinsurance solutions primarily to property and casualty insurers, reported improved results for the three and six months ended June 30, 2021. 2021 HIGHLIGHTS: Net income of $448,000 in second quarter, up from $165,000 last year Q2 premium income rises on higher rates on reinsurance contracts No losses incurred to date in 2021 or in 2020 Sidecar investors in Series 2021-1 participating notes paid ~19% return to date Oxbridge Acquisition Corp. listed on August 12, 2021 to invest in disruptive technology markets, with a particular focus on insurtech, blockchain and artificial intelligence sectors.
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Oxbridge Re Announces Rescheduled Earnings Conference Call to August 16, 2021
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / August 6, 2021 / Oxbridge Re (NASDAQ:OXBR) announced that it has rescheduled its quarterly conference call to Monday August 16, 2021 at 4:30 p.m. Eastern time, where the company plans to discuss the results for the second quarter and six months ended June 30, 2021.
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Oxbridge Re Announce 2021 Second Quarter Results on August 13, 2021
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / July 27, 2021 / Oxbridge Re (NASDAQ:OXBR) announced that it plans to hold a conference call on Friday August 13, 2021 at 4:30 p.m. Eastern time to discuss results for the second quarter and six months ended June 30, 2021.
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3 Top Penny Stocks For Your Monday Morning Watchlist
Are These the Best Penny Stocks For Your Monday Morning Watchlist? The post 3 Top Penny Stocks For Your Monday Morning Watchlist appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
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OXBR Stock Increases Over 15% Pre-Market: Details You Should Know
The stock price of Oxbridge Re Holdings Ltd (NASDAQ: OXBR) increased by over 15% pre-market. These are some details you should know.
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OXBR Stock Increases Over 55% Pre-Market: Why It Happened
The stock price of Oxbridge Re Holdings Ltd (NASDAQ: OXBR) increased by over 55% pre-market. This is why it happened.
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OXBR Stock Increases Over 35% After Hours: Why It Happened
The stock price of Oxbridge Re Holdings Ltd (NASDAQ: OXBR) increased by over 35% after hours. This is why it happened.
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Custodian Ventures Announces 9.9% Ownership Interest in Oxbridge Re Holdings Limited
NEW YORK, July 13, 2021 (GLOBE NEWSWIRE) -- Custodian Ventures LLC (together with its affiliates, “Custodian Ventures” or “we”), today filed a Schedule 13D announcing its acquisition of approximately 9.9% of the ordinary shares outstanding of Oxbridge Re Holdings Limited (NASDAQ: OXBR) (“Oxbridge Re” or the “Company”). David E. Lazar, Chief Executive Officer of Custodian Ventures, issued the following statement:
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7 Industry Leading Penny Stocks To Watch in July 2021
Are these industry-leading penny stocks worth watching right now? The post 7 Industry Leading Penny Stocks To Watch in July 2021 appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
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Oxbridge Re Holdings Limited Reports Improved Q1 2021 Results
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / May 14, 2021 / Oxbridge Re Holdings Limited (NASDAQ: OXBR ) , a provider of reinsurance solutions primarily to property and casualty insurers, reported improved results for the three months ended March 31, 2021. FIRST QUARTER 2021 HIGHLIGHTS: Improved results due to positive change in fair value of equity securities.
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Oxbridge Re Holdings Limited (OXBR) CEO Jay Madhu on Q4 2020 Results - Earnings Call Transcript
Oxbridge Re Holdings Limited (OXBR) CEO Jay Madhu on Q4 2020 Results - Earnings Call Transcript
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Oxbridge Re Announce 2020 Fourth Quarter Results on March 30, 2021
GRAND CAYMAN, CAYMAN ISLANDS / ACCESSWIRE / March 4, 2021 / Oxbridge Re (NASDAQ:OXBR) announced that it plans to hold a conference call on Tuesday March 30, 2021 at 4:30 p.m. Eastern Time to discuss results for the fourth quarter and year ended December 31, 2020.
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Analyzing Oxbridge Re (NASDAQ:OXBR) & Cna Financial (NASDAQ:CNA)
Oxbridge Re (NASDAQ:OXBR) and Cna Financial (NYSE:CNA) are both finance companies, but which is the superior investment? We will compare the two companies based on the strength of their valuation, risk, dividends, analyst recommendations, institutional ownership, profitability and earnings. Valuation and Earnings This table compares Oxbridge Re and Cna Financial’s revenue, earnings per share (EPS) […]
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Contrasting Oxbridge Re (NASDAQ:OXBR) & W. R. Berkley (NASDAQ:WRB)
Oxbridge Re (NASDAQ:OXBR) and W. R. Berkley (NYSE:WRB) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their institutional ownership, risk, analyst recommendations, dividends, valuation, earnings and profitability. Valuation and Earnings This table compares Oxbridge Re and W. R. Berkley’s revenue, earnings per […]
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Oxbridge Re (NASDAQ:OXBR) & Horace Mann Educators (NASDAQ:HMN) Critical Contrast
Horace Mann Educators (NYSE:HMN) and Oxbridge Re (NASDAQ:OXBR) are both small-cap finance companies, but which is the better stock? We will compare the two companies based on the strength of their institutional ownership, earnings, analyst recommendations, valuation, profitability, dividends and risk. Insider & Institutional Ownership 100.0% of Horace Mann Educators shares are owned by institutional […]
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Head-To-Head Analysis: Oxbridge Re (NASDAQ:OXBR) & Mercury General (NASDAQ:MCY)
Oxbridge Re (NASDAQ:OXBR) and Mercury General (NYSE:MCY) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, earnings, institutional ownership, profitability, valuation, dividends and risk. Risk and Volatility Oxbridge Re has a beta of 1.89, suggesting that its share price is […]
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National General (NASDAQ:NGHC) & Oxbridge Re (NASDAQ:OXBR) Financial Contrast
National General (NASDAQ:NGHC) and Oxbridge Re (NASDAQ:OXBR) are both finance companies, but which is the better investment? We will contrast the two companies based on the strength of their earnings, risk, institutional ownership, dividends, profitability, valuation and analyst recommendations. Profitability This table compares National General and Oxbridge Re’s net margins, return on equity and return […]
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Oxbridge Re Holdings leads financial gainers; Greenhill and Kingstone Companies among losers
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Oxbridge Re Holdings Reports Fourth Quarter and Full Year 2015 Results
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oxbridge Re Holdings Limited (NASDAQ:OXBR), a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported financial results for the fourth quarter and full year ended Dec. 31, 2015. Fourth Quarter 2015 Results Net premiums earned increased 9% to $1.8 million driven by the continued increase in number and size of reinsurance contracts placed. Net investment income totaled $75,000, offset by $998,000 of net realized investment losses. This compares with $49,000 of net investment income coupled with $476,000 of net realized investment gains for the fourth quarter of 2014. Total expenses, including policy acquisition costs, underwriting expenses and general and administrative expenses, were $496,000 compared with $471,000 in the fourth quarter of 2014. Net income totaled $0.4 million or $0.06 per basic and diluted earnings per common share compared with $1.7 million or $0.28 per basic and diluted earnings per common share in the fourth quarter of 2014. The decrease in net income was primarily due to the performance of the investment portfolio, which was partially offset by an increase in net premiums earned. Dividends paid per share were $0.12 for the fourth quarter of 2015, unchanged from the fourth quarter of 2014. At Dec. 31, 2015, cash and cash equivalents, and restricted cash and cash equivalents, totaled $39 million, up from $33.5 million at Dec. 31, 2014. Fourth Quarter 2015 Financial Ratios Loss ratio, which measures underwriting profitability, is the ratio of losses and loss adjustment expenses incurred to premiums earned. There were no losses incurred during the fourth quarter of 2015 or the fourth quarter of 2014, resulting in a loss ratio of 0%. Acquisition cost ratio, which measures operational efficiency, compares policy acquisition costs and other underwriting expenses to net premiums earned. The acquisition cost ratio was 4.7% for the fourth quarter of 2015 compared with 7.9% for the same year-ago period. The decrease was due to relatively lower average acquisition costs on reinsurance contracts and the expiration of the previously mentioned consulting contract. Expense ratio, which measures operating performance, compares policy acquisition costs, other underwriting expenses and general and administrative expenses to net premiums earned. The expense ratio decreased to 27.7% during the fourth quarter of 2015 compared with 28.8% during the fourth quarter of 2014. The decrease is due to the relative decline in policy acquisition costs, as well as the relatively low increase in general and administrative expenses when compared with the more substantial increase in net premiums earned. Combined ratio, which is used to measure underwriting performance, is the sum of the loss ratio and the expense ratio. If the combined ratio is at or above 100%, underwriting is not profitable. The combined ratios of 27.7% for the fourth quarter of 2015 and 28.8% for the fourth quarter of 2014 are the same as the expense ratio above, as no losses were incurred. Full Year 2015 Financial Results Net premiums earned in 2015 increased 40% to $6.7 million, driven by the continued increase in number and size of reinsurance contracts placed. Net investment income totaled $337,000, which was offset by $325,000 of net realized investment losses coupled with a non-cash charge of $399,000 due to declines deemed other-than-temporary in the fair value of securities. This compares with net investment income of $99,000 coupled with net realized investment gains of $641,000 in 2014. Total expenses, including policy acquisition costs, underwriting expenses and administrative expenses, were $1.8 million compared with $1.6 million in 2014. The increase was due to increased costs associated with the continued growth of business activities and operations, offset by the expiration of an underwriting consulting contract. Net income totaled $4.6 million or $0.76 diluted earnings per common share, compared with $4.0 million or $0.82 per share in 2014. The increase was driven by an increase in net premiums earned, offset by investment losses and higher administrative expenses. The decrease in diluted earnings per common share was solely due to the higher level of weighted-average shares outstanding during 2015 when compared with 2014. The company paid dividends of $0.48 per share in 2015, unchanged from 2014. Full Year 2015 Financial Ratios No losses were incurred during 2015 or 2014, resulting in a loss ratio of 0%. Acquisition cost ratio was 5.1% compared with 8.9% in 2014. The decrease was due to relatively lower average acquisition costs on reinsurance contracts and expiration of an underwriting consulting contract. Expense ratio was 26.3% compared with 32.4% in 2014. The decrease is due to the relative decline in policy acquisition costs, as well as the relatively low increase in general and administrative expenses when compared with the more substantial increase in net premiums earned. Combined ratio was 26.3% compared with 32.4% in 2014. Management Commentary “Our second full year of operations, 2015, was a strong year for Oxbridge as we diversified our book of reinsurance contracts and expanded our distribution channel with reinsurance brokers,” said Oxbridge Re Holdings President and CEO Jay Madhu. “Our robust balance sheet positions us well to place fully collateralized reinsurance contracts as we seek to further expand and diversify our business.” “Additionally, we have maintained our $0.12 dividend for the first quarter of 2016, as well as a healthy book value of $6.11 per share.” Conference Call Management will host a conference call later today to discuss these financial results, followed by a question and answer session. President and CEO Jay Madhu, and Financial Controller Wrendon Timothy will host the call starting at 4:30 p.m. Eastern time. The live presentation can be accessed by dialing the number below or by clicking the webcast link available on the Investor Information section of the company's website at www.oxbridgere.com. Date: Thursday, March 17, 2016Time: 4:30 p.m. Eastern timeListen-only toll-free number: 877-407-0782Listen-only international number: 201-689-8567Conference ID: 13632119 Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Precision IR at 919-481-4000 or operations@issuerdirect.com. A replay of the call will be available by telephone after 8 p.m. Eastern time on the same day through April 17, 2016 and via the Investor Information section of Oxbridge’s website at www.oxbridgere.com. Toll-free replay number: 877-660-6853International replay number: 201-612-7415Conference ID: 13632119 About Oxbridge Re Holdings Limited Oxbridge Re (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge's licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge Re specializes in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company's ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols "OXBR" and "OXBRW," and the company's common stock is included in the Russell Microcap Index. Forward-Looking Statements This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change. OXBRIDGE RE HOLDINGS LIMITED AND SUBSIDIARY $ - $ 14,888 $ 4,601 $ 0.06 $ 0.76 $ 0.12 $ 0.48
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Oxbridge Re Holdings Limited Sets Fourth Quarter and Full Year 2015 Earnings Call for Mar. 17, 2016 at 4:30 p.m. ET
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oxbridge (NASDAQ: OXBR) plans to hold a conference call on Thursday, Mar, 17, 2016 at 4:30 p.m. Eastern time to discuss results for the fourth quarter and full year ended Dec. 31, 2015. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge’s management will host the presentation, followed by a question and answer period. Interested parties can listen to the live presentation by dialing the listen-only number below or by clicking the webcast link available on the Investor Information section of the company's website at www.oxbridgere.com. Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Precision IR at 804-327-8885 or operations@issuerdirect.com. A replay of the call will be available by telephone after 8:00 p.m. Eastern time on the same day of the call and via the Investor Information section of Oxbridge’s website at www.oxbridgere.com until Apr. 17, 2016. About Oxbridge Re Holdings Limited Oxbridge (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge specializes in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company’s ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols “OXBR” and “OXBRW,” respectively.
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Oxbridge Re Declares Regular Quarterly Cash Dividend
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oxbridge Re Holdings Limited (NASDAQ:OXBR), a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, has reported that its board of directors has declared a regular quarterly cash dividend in the amount of 12 cents. The dividend will be paid on March 30, 2016 to shareholders of record on the close of business March 1, 2016. About Oxbridge Re Holdings Limited Oxbridge (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge specializes in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company’s ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols “OXBR” and “OXBRW,” and is included within the Russell Microcap Index.
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Oxbridge Re Holdings Limited Reports Third Quarter 2015 Results
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oxbridge Re Holdings Limited (OXBR), a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported financial results for the third quarter ended Sept. 30, 2015. Third Quarter 2015 - Highlights Net premiums earned totaled $1.8 million compared with $1.6 million in the third quarter of 2014. The increase was driven by the continued increase in number and size of reinsurance contracts placed. Investment-related loss for the third quarter of 2015 totaled $213,000, coupled with a non-cash charge of $399,000 due to declines deemed other-than-temporary in the fair value of securities owned by the company. This compares with $215,000 of investment-related income in the third quarter of 2014. The decline was primarily due to realized losses as well as other-than-temporary impairment losses recognized during the third quarter of 2015. Total expenses, including policy acquisition costs, underwriting expenses and administrative expenses, were $438,000 compared with $475,000 in the third quarter of 2014. The decrease was due to the expiration of an underwriting consulting contract offset by the significant and continual increase in general and administrative expenses resulting from an increase in business activities and operations following the initial public offering in March 2014. Net income totaled $0.7 million or $0.12 per basic and diluted earnings per common share compared with $1.4 million or $0.23 per basic and diluted earnings per common share in the third quarter of 2014. The decrease in net income was primarily driven by the performance of the investment portfolio. The company paid dividends of $0.12 per share in the third quarter as the same period a year ago. At Sept. 30, 2015, the company had $36.6 million of cash and cash equivalents, and restricted cash and cash equivalents, up from $33.5 million at Dec. 31, 2014. Third Quarter 2015 - Financial Ratios The loss ratio, which measures underwriting profitability, is the ratio of losses and loss adjustment expenses incurred to premiums earned. There were no losses incurred during the third quarter of 2015 or the third quarter of 2014, resulting in a loss ratio of 0.0%. The acquisition cost ratio, which measures operational efficiency, compares policy acquisition costs and other underwriting expenses with net premiums earned. The acquisition cost ratio was 4.7% for the third quarter of 2015 compared with 7.9% for the same year-ago period. The decrease was due to relatively lower average acquisition costs on reinsurance contracts and the expiration of the previously mentioned consulting contract. The expense ratio, which measures operating performance, compares policy acquisition costs, other underwriting expenses and general and administrative expenses with net premiums earned. The expense ratio decreased to 24.4% during the third quarter of 2015 compared with 29.0% during the third quarter of 2014. The decrease is due to the relative decline in policy acquisition costs, as well as the relatively low increase in general and administrative expenses when compared with the more substantial increase in net premiums earned. The combined ratio, which is used to measure underwriting performance, is the sum of the loss ratio and the expense ratio. If the combined ratio is at or above 100%, underwriting is not profitable. The combined ratios of 24.4% for the third quarter of 2015 and 29.0% for the third quarter of 2014 are the same as the expense ratio above, as no losses were incurred. Nine Months Ended September 30, 2015 - Financial Results Net premiums earned totaled $5.0 million compared with $3.2 million in the first nine months of 2014. The increase was driven by the continued increase in number and size of reinsurance contracts placed. Investment-related income for the nine months ended Sept. 30, 2015 totaled $935,000, offset by a non-cash charge of $399,000 due to declines deemed other-than-temporary in the fair value of securities owned by the company. This compares with $215,000 of investment-related income in the nine months ended Sept. 30, 2014. Total expenses, including policy acquisition costs, underwriting expenses and administrative expenses were $1.3 million compared with $1.1 million in the comparable period of 2014. The increase was due to increased costs associated with the continued growth of business activities and operations, offset by the expiration of an underwriting consulting contract. Net income totaled $4.2 million or $0.70 diluted earnings per common share compared with $2.3 million or $0.52 per share in the same year-ago period. The increase in net income was primarily driven by an increase in net premiums earned and investment income. The company paid dividends of $0.36 per share during the first nine months of 2015 compared with $0.36 per share during the same year-ago period. Nine Months Ended September 30, 2015 - Financial Ratios No losses were incurred during the first nine months of 2015 or the first nine months of 2014, resulting in a loss ratio of 0.0% The acquisition cost ratio was 5.2% compared with 9.5% for the year-ago period. The decrease was due to relative lower average acquisition costs on reinsurance contracts and the expiration of the previously mentioned consulting contract. The expense ratio was 25.8% compared with 34.2% for the first nine months of 2014. The decrease is due to the relative decline in policy acquisition costs, as well as the relatively low increase in general and administrative expenses when compared with the more substantial increase in net premiums earned. The combined ratio was 25.8% compared with 34.2% for the year-ago period. Management Commentary “A quiet storm season was the key driver for our profitable results during the third quarter,” said Jay Madhu, CEO of Oxbridge Re Holdings Limited. “We remain focused on further diversifying our book of business, in terms of both geographic exposure and event severity. Our expanding broker relationships will position us for continued growth in both the number of contracts placed and number of customers as we look toward the remainder of 2015 and beyond.” Conference Call Oxbridge Re management will host a conference call later today (Nov. 11, 2015) to discuss these financial results followed by a question and answer session. President and CEO Jay Madhu, and Financial Controller Wrendon Timothy, will host the call starting at 4:30 p.m. Eastern time. Interested parties can listen to the live presentation, which can be accessed by dialing the number below or by clicking the webcast link available on the Investor Information section of the company's website at www.oxbridgere.com. Date: Wednesday, Nov. 11, 2015 Time: 4:30 p.m. Eastern time Listen-only toll-free number: 877-407-0782 Listen-only international number: 201-689-8567 Conference ID: 13624193 Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Precision IR at 804-327-8885 or operations@issuerdirect.com. A replay of the call will be available by telephone after 8 p.m. Eastern time on the same day through Feb. 11, 2016 and via the Investor Information section of Oxbridge’s website at www.oxbridgere.com. Toll-free replay number: 877-660-6853 International replay number: 201-612-7415 Conference ID: 13624193 About Oxbridge Re Holdings Limited Oxbridge Re (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge's licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge Re specializes in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company's ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols "OXBR" and "OXBRW," and the company's common stock is included in the Russell Microcap Index. Forward-Looking Statements This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change. Revenue $ - Expenses
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Oxbridge Re Holdings Limited Sets Third Quarter 2015 Earnings Call for Nov. 11, 2015 at 4:30 p.m. ET
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oxbridge (NASDAQ: OXBR) plans to hold a conference call on Wednesday, Nov, 11, 2015 at 4:30 p.m. Eastern time to discuss results for the third quarter ended Sept. 30, 2015. Financial results will be issued in a press release after the close of the market on the same day. Oxbridge’s management will host the presentation, followed by a question and answer period. Interested parties can listen to the live presentation by dialing the listen-only number below or by clicking the webcast link available on the Investor Information section of the company's website at www.oxbridgere.com. Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Precision IR at 804-327-8885 or operations@issuerdirect.com. A replay of the call will be available by telephone after 8:00 p.m. Eastern time on the same day through Feb. 11, 2016 and via the Investor Information section of Oxbridge’s website at www.oxbridgere.com until Nov. 12, 2015. About Oxbridge Re Holdings Limited Oxbridge (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge specializes in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company’s ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols “OXBR” and “OXBRW,” respectively.
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Oxbridge Re to Present at the Sidoti Emerging Growth Conference on September 2, 2015
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oxbridge Re Holdings Limited (OXBR), a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, has been invited to present at the 2015 Sidoti Emerging Growth Conference in New York City. The conference is being held on September 2, 2015 at the Marriott Marquis in Times Square New York. Oxbridge Re’s CEO Jay Madhu is scheduled to present at 11:20 a.m. ET on Wednesday, September 2, with one-on-one meetings held throughout the day. He will discuss the company's recent financial performance and operational developments. The company will also be presenting at the Fourth Annual Liolios Gateway Conference on September 9-10, 2015 in San Francisco, California. About Sidoti & Company A leading provider of institutional-quality equity research focused on small, publicly-traded companies that meet our proprietary criteria, Sidoti’s research coverage universe comprises nearly 300 companies across a range of industries. These companies typically have market capitalizations of less than $3 billion and a history of profitability, and generally maintain strong balance sheets. Our approach affords institutional investor clients a combination of high-quality research, a small- and micro-cap company focused nationwide sales effort, broad access to corporate management teams and extensive trading support. The Sidoti 2015 Emerging Growth Conference is a unique forum where emerging growth company management teams with a market cap of $1 billion or less connect with small and micro-cap institutional investors, research analysts, investment bankers, private equity professionals and select media with the goal of expanding institutional awareness amongst key stakeholders in the investment community. The 2015 Emerging Growth Conference will be held on September 2, 2015 at the Marriott Marquis in Times Square New York. The event is one of the leading small and micro-cap investment conferences of the year featuring presentations by more than 50 public companies, with past attendance exceeding 475 investors. About Oxbridge Re Holdings Limited Oxbridge Re (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge Re specializes in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company’s ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols “OXBR” and “OXBRW,” and the company’s common stock is included in the Russell Microcap Index.
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Oxbridge Re Holdings Limited Reports Second Quarter 2015 Results
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--Oxbridge Re Holdings Limited (OXBR), a provider of reinsurance solutions to property and casualty insurers in the Gulf Coast region of the United States, reported financial results for the second quarter ended June 30, 2015. Second Quarter 2015 - Highlights Net income totaled $1.7 million or $0.27 per basic and diluted earnings per share compared with $541,000 or $0.09 per basic and diluted earnings per share in the second quarter of 2014. The increase in net income was primarily driven by an increase in net premiums earned and investment income. Net premium earned totaled $1.6 million compared with $899,000 in the second quarter of 2014. The increase was driven by the continued increase in number and size of reinsurance contracts placed. Investment income for the quarter totaled $429,000 compared with nil for the second quarter of 2014, as investing in fixed-maturity and equity securities commenced in August of 2014. Total expenses, including policy acquisition costs, underwriting expenses and administrative expenses were $408,000 compared with $358,000 in the second quarter of 2014. The increase was due to the significant and continual increase in general and administrative expenses resulting from an increase in business activities and operations following the initial public offering in March of 2014, offset by the expiration of an underwriting consulting contract. The company paid dividends of $0.12 per share compared with nil during the same year-ago period. The difference is a result of the timing of dividends distributed. At June 30, 2015, the company had $33.6 million of cash and cash equivalents, and restricted cash and cash equivalents, up slightly from $33.5 million at Dec. 31, 2014. Second Quarter 2015 - Financial Ratios The loss ratio, which measures underwriting profitability, is the ratio of losses and loss adjustment expenses incurred to premiums earned. There were no losses incurred during the second quarter of 2015 or the second quarter of 2014, resulting in a loss ratio of 0.0%. The acquisition cost ratio, which measures operational efficiency, compares policy acquisition costs and other underwriting expenses to net premiums earned. The acquisition cost ratio was 5.3% for the second quarter of 2015 compared with 14.5% for the same year-ago period. The decrease was due to lower acquisition costs on reinsurance contracts and the expiration of the previously mentioned underwriting consulting contract. The expense ratio, which measures operating performance, compares policy acquisition costs, other underwriting expenses and general and administrative expenses to net premiums earned. The expense ratio decreased to 24.9% during the second quarter of 2015 compared with 39.8% during the second quarter of 2014. The decrease is due to the decline in the policy acquisition cost ratio, as well as the disproportionate increase in general and administrative expenses when compared with the increase in net premiums earned. The combined ratio, which is used to measure underwriting performance, is the sum of the loss ratio and the expense ratio. If the combined ratio is at or above 100%, underwriting is not profitable. The combined ratios of 24.9% for the second quarter of 2015 and 39.8% for the second quarter of 2014 are the same as the expense ratio above, as no losses were incurred. Six Months Ended June 30, 2015 - Financial Results Net income totaled $3.5 million or $0.58 per basic and diluted earnings per share compared with $935,000 net income or $0.25 per basic and diluted earnings per share in the same year-ago period. The increase in net income was primarily driven by an increase in net premiums earned and investment income. Net premium earned totaled $3.2 million compared with $1.5 million for the first six months of 2014. The increase was driven by the continued increase in number and size of reinsurance contracts placed. Investment income for the period totaled $1.1 million compared with nil for the first six months of 2014, as investing in fixed-maturity and equity securities commenced in August of 2014. Total expenses, including policy acquisition costs, underwriting expenses and administrative expenses were $845,000 compared with $613,000 in the comparable period of 2014. The increase was due to increased costs associated with the continued growth of business activities and operations, offset by the expiration of an underwriting consulting contract. The company paid dividends of $0.24 per share during the first six months of 2015 compared with $0.24 per share during the same year-ago period. Six Months Ended June 30, 2015 - Financial Ratios No losses were incurred during the first six months of 2015 or the first six months of 2014, resulting in a loss ratio of 0.0% The acquisition cost ratio was 5.5% compared with 11.2% for the year-ago period. The decrease is due to lower acquisition costs on reinsurance contracts and the expiration of the previously mentioned underwriting consulting contract. The expense ratio was 26.5% compared with 39.6% for the first six months of 2014. The decrease is due to the decline in the policy acquisition cost ratio, as well as the disproportionate increase in general and administrative expenses when compared with the increase in net premiums earned. The combined ratio, which is used to measure underwriting performance, is the sum of the loss ratio and the expense ratio. The combined ratio was 26.5% compared with 39.6% for the year-ago period. The combined are the same as the expense ratio above, as no losses were incurred. Management Commentary “The second quarter was another successful quarter as we made significant progress expanding our client base and reinsurance broker network,” said Jay Madhu, CEO of Oxbridge Re Holdings Limited. “Our recently placed fully-collateralized reinsurance contracts give us the most diversified portfolio in our company’s history. We continue to be encouraged by our improving results and we feel we are well positioned to capitalize on future growth opportunities.” Conference Call Oxbridge Re management will host a conference call later today (Aug. 12, 2015) to discuss these financial results followed by a question and answer session. President and CEO Jay Madhu and Financial Controller Wrendon Timothy will host the call starting at 4:30 p.m. Eastern time. Interested parties can listen to the live presentation, which can be accessed by dialing the number below or by clicking the webcast link available on the Investor Information section of the company's website at www.oxbridgere.com. Date: Wednesday, Aug. 12, 2015Time: 4:30 p.m. Eastern timeListen-only toll-free number: 877-407-0782Listen-only international number: 201-689-8567Conference ID: 13615081 Please call the conference telephone number 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Precision IR at 804-327-8885 or operations@issuerdirect.com. A replay of the call will be available by telephone after 8:00 p.m. Eastern time on the same day through Nov. 12, 2015 and via the Investor Information section of Oxbridge’s website at www.oxbridgere.com. Toll-free replay number: 877-660-6853International replay number: 201-612-7415Conference ID: 13615081 About Oxbridge Re Holdings Limited Oxbridge Re (www.oxbridgere.com) is a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through Oxbridge’s licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge Re specializes in underwriting medium frequency, high severity risks, where it believes sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. The company’s ordinary shares and warrants trade on the NASDAQ Capital Market under the symbols “OXBR” and “OXBRW,” and the company’s common stock is included in the Russell Microcap Index. Forward-Looking Statements This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition and results of operations. Any forward-looking statements made in this press release speak only as of the date of this press release and, except as required by law, the Company undertakes no obligation to update any forward-looking statement contained in this press release, even if the Company’s expectations or any related events, conditions or circumstances change. -Tables Follow-
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