Oxbridge Re (NASDAQ:OXBR) Releases Quarterly Earnings Results, Meets Estimates

Oxbridge Re (NASDAQ:OXBR) issued its earnings results on Monday. The insurance provider reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05), FiscalAI reports. The company had revenue of $0.26 million for the quarter, compared to analyst estimates of $0.40 million. Oxbridge Re had a net margin of 4.71% and a return on equity of 2.14%.

Here are the key takeaways from Oxbridge Re’s conference call:

• Third-quarter net loss widened to $421,000 from $187,000 a year earlier, while net premiums earned fell to $86,000 from $555,000 as the company deployed less capital. The quarterly expense and combined ratios rose to 752.3%, largely reflecting the lower premium base.
• For the first nine months, net loss narrowed to $223,000 from $2.19 million, with no underwriting losses recorded versus a full-limit loss in the prior-year period. Cash and restricted cash increased to $19.5 million from $6.9 million at year-end, though the nine-month combined ratio remained above 100% at 185.8%.
• SurancePlus completed five reinsurance token offerings for the 2026–2027 treaty year, generating about $7.1 million in gross proceeds; three offerings tied to HCI Group and Fortex Re were its first involving third-party-originated reinsurance. Management said Hurricane Isaias was expected to affect HCI’s Series B offering, which it reported was still profitable as of October 21.
• AI GridWorks is evaluating data-center sites, utility power availability, and approvals, with a focus on 10–100 MW projects targeting power in 2027; no specific project or construction start was announced. Management said tokenization could be one financing option alongside traditional capital, but projects remain at an early planning stage.

Oxbridge Re Price Performance

Shares of NASDAQ OXBR traded up $0.03 during midday trading on Monday, reaching $0.90. 6,121 shares of the stock were exchanged, compared to its average volume of 222,842. Oxbridge Re has a 12 month low of $0.65 and a 12 month high of $1.86. The company has a market capitalization of $7.33 million, a price-to-earnings ratio of 45.03 and a beta of 2.05. The business has a 50-day simple moving average of $1.14 and a two-hundred day simple moving average of $1.10.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research raised shares of Oxbridge Re from a “strong sell” rating to a “hold” rating in a research note on Friday, October 16th. Weiss Ratings raised shares of Oxbridge Re from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $3.00.

Oxbridge Re Company Profile

Oxbridge Re Holdings Limited is a specialty reinsurance holding company listed on the Nasdaq Capital Market under the symbol OXBR. The company conducts its reinsurance activities primarily through Oxbridge Reinsurance Limited, a Bermuda-based subsidiary, and focuses on providing collateralized property catastrophe reinsurance.

Its coverage is designed to protect insurance companies against losses from major natural-catastrophe events, including hurricanes and other severe weather-related disasters.