Revenue: As of FY2025 Q4, the actual value is USD 576 K.

EPS: As of FY2025 Q4, the actual value is USD 0.02.

Segment Revenue

Net Premiums Earned

Net premiums earned for OXBRIDGE RE HOLDINGS LIMITED decreased to $555,000 for the three months ended December 31, 2025, from $595,000 for the quarter ended December 31, 2024, primarily due to a lower weighted average rate on reinsurance contracts in force. For the years ended December 31, 2025 and 2024, net premiums earned were approximately $2.3 million each.

Total Revenue

Total revenue for the three months ended December 31, 2025, was $576,000, which is higher compared to $422,000 for the quarter ended December 31, 2024. For the year ended December 31, 2025, total revenue was $2,577,000, significantly higher than $546,000 for the year ended December 31, 2024.

Operational Metrics

Net Income (Loss)

Net income for the quarter ended December 31, 2025, was $120,000, a significant improvement from a net loss of -$460,000 for the quarter ended December 31, 2024. The net loss for the year ended December 31, 2025, was -$2.079 million, an improvement compared to a net loss of -$2.726 million for the year ended December 31, 2024.

Total Expenses

Total expenses for the three months ended December 31, 2025, increased to $1.041 million from $497,000 for the quarter ended December 31, 2024, mainly due to underwriting losses from Hurricane Milton and increased general and administrative expenses. For the year ended December 31, 2025, total expenses increased to $6.040 million from $2.171 million for the year ended December 31, 2024, driven by losses on reinsurance contracts, increased professional costs, web3 subsidiary tokenization costs, S-3 related costs, increased human resources, personnel costs, and legal expenditures.

Financial Ratios (Year Ended December 31)

• Loss Ratio: The loss ratio increased to 119.9% for 2025 from 0% for 2024, due to losses recognized on reinsurance contracts affected by Hurricane Milton.
• Acquisition Cost Ratio: The acquisition cost ratio remained consistent at 11.0% for both 2025 and 2024.
• Expense Ratio: The expense ratio increased to 144.2% for 2025 from 94.3% for 2024, largely due to increased professional costs related to investor relations, web3 subsidiary marketing and operations, S-3 related costs, and human resources and legal expenditures.
• Combined Ratio: The combined ratio increased to 264.1% for 2025 from 94.3% for 2024, reflecting higher general and administrative expenses and incurred losses.

Cash and Restricted Cash

As of December 31, 2025, restricted cash and cash equivalents increased by $1.08 million to $6.98 million, from $5.89 million as of December 31, 2024. This increase was primarily due to new collateral deposits for the treaty year ending May 31, 2026, which more than offset funds released for loss payments related to Hurricane Milton.

Unique Metrics

Tokenized Reinsurance Performance

OXBRIDGE RE HOLDINGS LIMITED’s Balanced Yield Token (EtaCat Re) is now anticipated to achieve a 25% annual return, exceeding its initial 20% target. The High Yield Token (ZetaCat Re) remains on track to achieve its 42% return target.

Outlook / Guidance

For the 2026–2027 contract cycle, the company’s two tokenized reinsurance offerings, T20 and T42, are targeting annual returns of 20% and 42%, respectively. The 2026 Atlantic hurricane season is expected to be positively influenced by El Niño conditions, which have historically been associated with reduced overall storm activity. Management is also evaluating opportunities to expand the SurancePlus model into additional high-quality, cash-generating assets, including the potential tokenization of data centre revenue streams and other opportunities aligned with the growth of artificial intelligence infrastructure.