Oxbridge Re Holdings Limited Warrant expiring 3/26/2029 - OXBRW STOCK NEWS

Oxbridge Re Holdings Limited (OXBR) has appointed Dr. Reuel Ocho as the head of its special projects division. Dr. Ocho brings 19 years of experience in strategic IT services and digital innovation, previously serving as CTO for the Cayman Islands Ministry of Financial Services. His expertise includes blockchain technology and data architecture. This strategic hire is expected to enhance Oxbridge Re's capabilities as it approaches its 10-year anniversary in 2023, according to CEO Jay Madhu.

Oxbridge Re Holdings Limited (NASDAQ: OXBR) reported mixed financial results for the three and nine months ending September 30, 2022. Net premiums earned increased to $591,000 for Q3 2022, up from $370,000 in Q3 2021, while net premiums for the nine months reached $995,000, a rise from $755,000. However, the Company suffered a net loss of $2.2 million in Q3 2022, compared to a net income of $6.5 million in Q3 2021. The loss ratio increased significantly to 181.6% for Q3 2022 due to Hurricane Ian. Total expenses also rose, affecting the combined ratio, which hit 247.2% in Q3 2022.

Oxbridge Re (NASDAQ: OXBR, OXBRW) plans to announce its third quarter and nine-month results for 2022 on November 14, 2022, followed by a conference call at 4:30 p.m. Eastern time. The results will be released after market close on the same day. This event will include a management-hosted Q&A session. Interested parties can join the call using designated toll-free and international numbers. A replay will be accessible until November 28, 2022, through Oxbridge’s website.

Oxbridge Re Holdings Limited (NASDAQ: OXBR) reported mixed financial results for Q2 and the first half of 2022. The company generated a net income of $77,000 in Q2, down from $448,000 in Q2 2021. For H1 2022, it recorded a net loss of $310,000, compared to $476,000 net income in H1 2021. The decline was attributed to negative fair value changes and decreased investment gains, despite an increase in net premiums earned from $386,000 to $404,000. Total expenses rose due to inflation and higher personnel costs. The combined ratio worsened to 211.3% for Q2.

Oxbridge Re (NASDAQ: OXBR) announced a conference call on August 15, 2022, at 4:30 p.m. Eastern time to discuss its financial results for Q2 and the first half of 2022, following the market's close. The discussion will include a question and answer session, and the details will be available on their website until August 29, 2022. Interested parties can join via the provided toll-free or international numbers, making it accessible for a wider audience.

Oxbridge Re Holdings Limited (NASDAQ:OXBR) reported a net loss of $387,000 ($0.07 per share) for Q1 2022, attributed mainly to negative unrealized changes in investments. Premium income rose to $210,000, up from $181,000 in Q1 2021, reflecting higher rates on reinsurance contracts. Total expenses increased to $361,000 due to higher personnel costs, impacting the expense ratio, which rose to 171.9%. The company maintained a loss ratio of 0%, consistent with the prior year. Management remains optimistic about its long-term prospects despite market volatility affecting the investment portfolio.

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.