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Oxbridge Re Holdings (OXBR)
NASDAQ:OXBR
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.46Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2018
|% Change Since: 66.80%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call conveyed a sense of cautious optimism. The company achieved strong growth in its core reinsurance operations and successfully launched new initiatives in the blockchain space. However, these advancements were tempered by declines in net investment income and significant unrealized losses on investments. The sentiment was further balanced by the strategic partnership with Sonic and improved financial ratios, despite the net loss reported.Company Guidance
During the Oxbridge Re's Q3 2024 earnings call, the company provided detailed guidance highlighting a strategic pivot towards real-world asset (RWA) tokenization while maintaining its core reinsurance operations. The company reported net premiums earned of $595,000 for the quarter, up from $549,000 in the same period last year, and $1.7 million for the first nine months of 2024, reflecting significant portfolio diversification efforts. Despite an unrealized loss of $1.93 million on other investments and a net loss of $540,000 for the quarter, the company showed improved financial metrics, with significant reductions in its expense ratio from 125.3% to 83.7% year-over-year. The introduction of SurancePlus, focusing on tokenized reinsurance securities, aims to democratize access to investment opportunities, evidenced by the successful issuance of Epsilon CatRe tokens with a targeted return of 42%. The company plans to leverage blockchain technology to further expand its RWA portfolio, enhancing its competitive edge in the rapidly growing digital asset market.Increase in Net Premiums Earned
Net premiums earned for the third quarter of 2024 were $595,000, up from $549,000 in the previous year's third quarter. For the first nine months of 2024, net premiums were $1.7 million, significantly increased from $730,000 in the same period last year.
Zero Loss Ratio
The loss ratio for both 2023 and 2024 was 0%, indicating no losses or loss adjustment expenses incurred during these periods.
Expense Ratio Improvement
The expense ratio decreased from 125.3% for the third quarter of 2023 to 83.7% for the same period in 2024, mainly due to higher premium levels and lower general and administrative expenses.
Launch of SurancePlus and RWA Initiatives
SurancePlus was established to tokenize securities, representing fractionalized interests in reinsurance contracts, leveraging blockchain technology. This initiative was achieved without incurring new debt.
Successful Tokenized Security Offerings
The initial offering of Delta CatRe tokens on the Avalanche blockchain exceeded expectations, surpassing the initial 42% return projection with a 49.11% return.
Strategic Partnership with Sonic
SurancePlus announced a strategic partnership with Sonic, which has issued over $4 billion in assets on the blockchain, to enhance its RWA tokenization and Web3 capabilities.
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OXBR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OXBR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $2.59 | $2.71 | +4.63% |
| Aug 08, 2024 | $2.71 | $2.59 | -4.43% |
| May 09, 2024 | $1.54 | $1.30 | -15.58% |
| Mar 26, 2024 | $1.07 | $1.04 | -2.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Oxbridge Re Holdings (OXBR) report earnings?
Oxbridge Re Holdings (OXBR) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Oxbridge Re Holdings (OXBR) earnings time?
Oxbridge Re Holdings (OXBR) earnings time is at Apr 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OXBR EPS forecast?
Currently, no data Available
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