OXBRIDGE RE HOLDINGS Ltd OXBR
are a Cayman Islands specialty property and casualty reinsurer that provides reinsurance solutions through our reinsurance subsidiaries,
Oxbridge Reinsurance Limited and Oxbridge Re NS. We focus on underwriting fully collateralized reinsurance contracts primarily for property
and casualty insurance companies in the Gulf Coast region of the United States, with an emphasis on Florida. We specialize in underwriting
medium frequency, high severity risks, where we believe sufficient data exists to analyze effectively the risk/return profile of reinsurance
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.6M | $546.0K | -$7.0M | $850.0K | $10.2M | $1.2M | $981.0K | $3.8M | $23.8M | $19.1M |
| SG&A | $3.0M | $1.9M | $2.2M | $1.4M | $1.3M | $1.0M | $1.1M | $1.3M | $1.3M | $1.4M |
| Total operating expenses | $6.0M | $2.2M | — | $2.6M | $1.6M | $1.1M | $1.1M | $11.6M | $44.4M | $16.5M |
| Pre-tax income | -$2.1M | -$2.6M | -$9.4M | -$1.7M | $8.7M | $88.0K | -$150.0K | -$7.7M | -$20.6M | — |
| Net income | -$2.1M | -$2.8M | -$9.9M | -$1.8M | $8.6M | -$50.0K | -$305.0K | -$5.7M | -$20.6M | $2.6M |
| EPS, basic | -0.28 | -0.45 | -1.69 | -0.31 | 1.49 | -0.01 | -0.05 | -1.00 | -3.55 | 0.43 |
| EPS, diluted | -0.28 | -0.45 | -1.69 | -0.31 | 1.49 | -0.01 | -0.05 | -1.00 | -3.55 | 0.43 |
| Shares, diluted (wtd. avg.) | $7.4M | $6.1M | $5.9M | $5.8M | $5.7M | $5.7M | $5.7M | $5.7M | $5.8M | $6.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $268.0K | $2.1M | $495.0K | $1.2M | $3.5M | $5.6M | $8.0K | $11.3M | $10.9M | $35.7M |
| Receivables | — | — | $100.0K | — | — | — | — | — | — | — |
| Property, plant and equipment | $16.0K | $1.0K | $4.0K | $5.0K | $9.0K | $13.0K | $9.0K | $18.0K | $36.0K | $54.0K |
| Total assets | $8.1M | $7.5M | $8.3M | $16.6M | $17.7M | $9.1M | $9.5M | $12.6M | $21.4M | $51.0M |
| Total liabilities | $1.6M | $1.6M | $2.9M | $1.6M | $1.0M | $1.1M | $1.5M | $4.2M | $7.5M | $13.8M |
| Retained earnings | -$32.1M | -$30.2M | -$27.4M | -$17.5M | -$15.7M | -$24.3M | -$24.2M | -$23.9M | -$18.1M | $4.5M |
| Total equity | $5.9M | $3.9M | $5.3M | $15.0M | $16.7M | $8.0M | $8.0M | $8.3M | $13.9M | $37.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$1.3M | -$284.0K | -$1.3M | -$829.0K | -$253.0K | -$266.0K | -$4.4M | -$6.6M | -$26.3M | $416.0K |
| Depreciation and amortisation | — | — | — | — | $7.0K | $10.0K | $10.0K | $18.0K | $24.0K | $21.0K |
| Stock-based compensation | $418.0K | $234.0K | $258.0K | $127.0K | $61.0K | $32.0K | $36.0K | $126.0K | $127.0K | $119.0K |
| Capital expenditure | $16.0K | — | $5.0K | — | $3.0K | $14.0K | $1.0K | $0 | $6.0K | $11.0K |
| Investing cash flow | $120.0K | $780.0K | -$105.0K | -$661.0K | -$1.8M | $110.0K | $488.0K | $5.0M | $4.7M | $6.9M |
| Financing cash flow | $2.3M | $1.7M | $1.2M | — | $0 | -$384.0K | $600.0K | $2.0M | -$3.2M | -$3.6M |
| Dividends paid | — | — | — | — | — | — | — | $0 | $2.1M | $2.9M |
| Buybacks | — | — | — | — | — | — | — | $0 | $1.1M | $742.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-019323.
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