- Oxbridge Re (OXBR, Financial) reports improved Q1 2025 financial results amid strategic partnerships.
- Net loss reduced significantly to $139,000, down from $905,000 year-over-year.
- Strategic partnership with Plume targets innovative tokenized reinsurance offerings with high potential returns.
Oxbridge Re Holdings Limited (NASDAQ:OXBR) announced its Q1 2025 financial results, highlighting significant advancements in its tokenized reinsurance initiatives. The company, through its subsidiary SurancePlus, reported a substantial decrease in net loss for the quarter, improving to $139,000 ($0.02 per share) from a net loss of $905,000 ($0.15 per share) in Q1 2024. This positive change is largely attributed to the improved fair value of equity securities and gains from investments in Jet.AI.
Net premiums earned increased to $595,000 from $549,000 year-over-year, showcasing growth in core operations. However, Oxbridge Re's expense ratio remains at a high 95.8%, although this is a slight decrease from the 99.8% recorded in the same period last year.
The company strengthened its strategic position by entering into a partnership with Plume, a blockchain platform managing over $4.5 billion in assets. This collaboration aims to enhance Oxbridge Re's distribution capabilities for its tokenized reinsurance offerings, with target annual returns ranging from 20% to 42%.
Oxbridge Re's financial standing significantly improved, with cash and cash equivalents rising by 62.85% to $9.6 million, supported by premium deposits and a successful $2.7 million registered direct offering. The company's combined ratio improved to 95.8% from 99.8%, indicating better underwriting performance before accounting for investment returns and blockchain initiative costs.
As the first Nasdaq-listed company to issue tokenized reinsurance securities, Oxbridge Re continues to position itself at the forefront of integrating blockchain technology into traditional reinsurance practices, aiming to democratize access to this asset class. Looking forward, the company remains focused on expanding SurancePlus while fostering long-term value creation through strategic partnerships and growth in the Real-World Assets sector.
