Oxbridge Re Holdings - CW24 | 10-Q: FY2025 Q3 Revenue: USD 645 K

LB filings
2025.11.06 21:07
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Revenue: As of FY2025 Q3, the actual value is USD 645 K.

EPS: As of FY2025 Q3, the actual value is USD -0.02.

EBIT: As of FY2025 Q3, the actual value is USD -170 K.

Segment Revenue

  • Net Premiums Earned: $555,000 for the quarter ended September 30, 2025, compared to $595,000 for the same period in 2024. For the nine months ended September 30, 2025, net premiums earned were $1.73 million, compared to $1.71 million for the same period in 2024.

Operational Metrics

  • Net Loss: $187,000 for the quarter ended September 30, 2025, compared to $540,000 for the same period in 2024. For the nine months ended September 30, 2025, net loss was $2.19 million, compared to $2.27 million for the same period in 2024.
  • Losses and Loss Adjustment Expenses: $2.3 million for the nine months ended September 30, 2025, due to adverse loss development from Hurricane Milton.
  • General and Administrative Expenses: $754,000 for the quarter ended September 30, 2025, compared to $432,000 for the same period in 2024. For the nine months ended September 30, 2025, general and administrative expenses were $2.52 million, compared to $1.49 million for the same period in 2024.

Cash Flow

  • Net Cash Used in Operating Activities: - $1.78 million for the nine months ended September 30, 2025, compared to - $53,000 for the same period in 2024.
  • Net Cash Provided by Investing Activities: $63,000 for the nine months ended September 30, 2025, compared to $448,000 for the same period in 2024.
  • Net Cash Provided by Financing Activities: $3.0 million for the nine months ended September 30, 2025, compared to $681,000 for the same period in 2024.

Unique Metrics

  • SurancePlus Management Fee Income: $1,000 for the nine months ended September 30, 2025, compared to $312,000 for the same period in 2024.
  • Unrealized Loss on Other Investments: - $424,000 for the quarter ended September 30, 2025, compared to - $20,000 for the same period in 2024. For the nine months ended September 30, 2025, unrealized loss on other investments was - $1.94 million, compared to - $188,000 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company aims to achieve long-term growth in book value per share by writing business that generates attractive underwriting profits relative to the risk borne. Additionally, the company intends to complement underwriting profits with investment profits on an opportunistic basis.
  • Non-Core Business: The company is developing Web3-focused business offerings and products relating to the tokenization of other real-world assets (RWAs), including RWAs held or being acquired by third parties. This will be conducted through SurancePlus and other subsidiaries of SurancePlus Holdings Ltd.
  • Priority: Emphasis on reducing general and administrative expenses and improving operational efficiency to enhance profitability.
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