Oxbridge Re swings to $22,000 Q1 profit as net premiums earned fall
Oxbridge Re Holdings reported net income of $22,000 for the quarter ended March 31, 2026, compared with a net loss of $139,000 a year earlier. Net premiums earned fell to $555,000 from $595,000, and total expenses rose to $583,000 from $570,000, so the profit improvement came despite lower premium revenue.
Key points
- Net income attributable to ordinary shareholders was $22,000, or $0 per share, versus a net loss of $139,000, or $(0.02) per share, in Q1 2025.
- Net premiums earned declined to $555,000 from $595,000, which the company attributed to lower weighted average rates on reinsurance contracts.
- The expense ratio rose to 105% from 95.8%, mainly due to higher investor relations and web3 subsidiary marketing costs.
- Cash and restricted cash was $8.19 million as of March 31, 2026.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.