Cayman Based Reinsurance Company Oxbridge Re Holdings Limited Reports Second Quarter Net Loss

Company's Net Loss Attributed to Unrealized Loss on Other Investments

Q2 Net Loss of $821,000 or $0.14 per Basic and Diluted Share

Oxbridge Re Holdings Limited, a Cayman Islands-based reinsurance company, reported a net loss of $821,000 for the three months ended June 30, 2024, compared to net income of $319,000 for the same period in 2023.

According to the company's financial statements, the net loss was primarily due to an unrealized loss on other investments.

The company's total revenues for the quarter were $8.7 million, up slightly from $8.5 million in the same period last year.

Oxbridge Re Holdings Limited is a publicly traded company whose shares are listed on the Bermuda Stock Exchange.