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Oxbridge Re Holdings (OXBR)
NASDAQ:OXBR
RESEARCH TOOLSreports
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)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:Mar 26, 2025
|% Change Since: -34.29%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Oxbridge Re's successful diversification and strategic growth efforts, particularly through SurancePlus, which has resulted in a significant reduction in net loss and improved cash reserves. However, challenges remain with unrealized losses on investments and a decrease in the investment portfolio value. Overall, the company demonstrates a positive trajectory with strategic partnerships and a focus on innovative offerings.Company Guidance
During the Oxbridge Re's Fiscal 2024 Earnings Conference Call, the company provided guidance on several financial metrics and strategic initiatives. For the year ended December 31, 2024, Oxbridge Re reported net premiums of $2.3 million, an increase from $1.25 million in the prior year, driven by higher rates on contracts and a full 12 months of premiums accounted for in 2024. The company experienced a net loss of $2.7 million or $0.45 per share, which was a significant improvement from the $9.9 million or $1.69 per share loss in the previous year. The loss ratio remained at 0% for both 2023 and 2024. The expense ratio decreased from 185.2% in 2023 to 94.3% in 2024 due to higher premiums and lower administrative expenses. Oxbridge Re also discussed its strategic diversification into the Web3 space through its subsidiary, SurancePlus, which offers tokenized reinsurance securities. The company's investment portfolio decreased to $113,000, while cash and cash equivalents increased to $5.9 million. Looking ahead, Oxbridge Re plans to continue its focus on the real-world asset and Web3 sectors, aiming to democratize access to reinsurance as an alternative investment.Increase in Net Premiums
Net premiums for the year ended December 31, 2024, increased to $2.3 million from $1.25 million in the prior year, attributed to higher rates on contracts and the recognition of 12 months of premiums.
Successful Diversification with SurancePlus
Oxbridge Re established SurancePlus Inc., which focuses on RWA Web3 technology, offering tokenized reinsurance securities, thus broadening investor participation without incurring new debt and achieving returns exceeding 49%.
Significant Reduction in Net Loss
For the year ended December 31, 2024, the company incurred a net loss of $2.7 million compared to $9.9 million in the prior year, showing a significant improvement.
Expense Ratio Improvement
The expense ratio decreased from 185.2% in 2023 to 94.3% for fiscal 2024, primarily due to higher levels of premiums earned and lower general admin expenses.
Increased Cash and Cash Equivalents
Cash and cash equivalents increased to $5.9 million at December 31, 2024, from $3.8 million in the prior period, primarily due to new collateral deposits.
Strategic Partnerships and Growth Initiatives
Announced a strategic partnership with Plume to expand the distribution channel of tokenized reinsurance offerings, enhancing accessibility and visibility among institutional and retail investors.
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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 |
|---|---|---|---|
| Mar 26, 2025 | $2.10 | $1.99 | -5.24% |
| 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% |
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 May 09, 2025, TBA Not Confirmed.
What is Oxbridge Re Holdings (OXBR) earnings time?
Oxbridge Re Holdings (OXBR) earnings time is at May 09, 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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