OXBRIDGE RE HOLDINGS Ltd Files 2023 Annual Report (10-K)

TL;DR

<b>OXBRIDGE RE HOLDINGS Ltd has submitted its 2023 10-K filing, detailing its financial performance and corporate structure.</b>

AI Summary

OXBRIDGE RE HOLDINGS Ltd (OXBRW) filed a Annual Report (10-K) with the SEC on March 26, 2024. OXBRIDGE RE HOLDINGS Ltd filed its 2023 10-K report on March 26, 2024. The company's fiscal year ends on December 31st. Incorporated in E9, the company operates in FIRE, MARINE & CASUALTY INSURANCE. Key subsidiaries include Oxbridge Reinsurance Limited (established 2013-04-23) and Oxbridge Re NS (established 2017-12-22). The filing details various equity and debt instruments, including Series A-1 Preferred Stock and Private Placement Warrants.

Why It Matters

For investors and stakeholders tracking OXBRIDGE RE HOLDINGS Ltd, this filing contains several important signals. This 10-K filing provides a comprehensive overview of OXBRIDGE RE HOLDINGS Ltd's financial health, operational activities, and strategic positioning for the fiscal year 2023, crucial for investors assessing its current standing and future prospects. Understanding the details within this filing is essential for stakeholders to evaluate the company's compliance with regulatory requirements and its performance within the insurance sector.

Risk Assessment

Risk Level: medium — OXBRIDGE RE HOLDINGS Ltd shows moderate risk based on this filing. The company operates in the insurance sector, which is subject to significant regulatory oversight and market volatility, as indicated by its SIC code and the nature of its business.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to assess OXBRIDGE RE HOLDINGS Ltd's performance and potential risks.

Key Numbers

• 20231231 — Fiscal Year End (Conformed Period of Report)
• 2024-03-26 — Filing Date (As of Date)
• 0001584831 — Central Index Key (Filer's identifier)
• 6331 — Standard Industrial Classification (Industry code for the company)

Key Players & Entities

• OXBRIDGE RE HOLDINGS Ltd (company) — Filer of the 10-K report
• 2023 (date) — Fiscal year for the report
• March 26, 2024 (date) — Filing date of the 10-K
• December 31 (date) — Fiscal year end
• FIRE, MARINE & CASUALTY INSURANCE (industry) — Company's Standard Industrial Classification
• Oxbridge Reinsurance Limited (company) — Subsidiary
• Oxbridge Re NS (company) — Subsidiary
• Series A-1 Preferred Stock (security) — Mentioned equity instrument

FAQ

Industry Context

OXBRIDGE RE HOLDINGS Ltd operates within the FIRE, MARINE & CASUALTY INSURANCE industry. This sector is characterized by its sensitivity to economic conditions, regulatory changes, and catastrophic events.

Regulatory Implications

Companies in the insurance sector are subject to stringent regulations concerning solvency, claims handling, and market conduct, varying by jurisdiction.

What Investors Should Do

1. Review the full 10-K filing for detailed financial statements and management discussion.
2. Analyze the company's risk factors section for potential challenges and mitigation strategies.
3. Compare OXBRIDGE RE HOLDINGS Ltd's performance metrics against industry benchmarks.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K.
• 2024-03-26: 10-K Filing Date — Date the annual report was officially submitted to the SEC.

Year-Over-Year Comparison

This filing represents the annual report for the fiscal year ending December 31, 2023, providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.001 — Registered Ordinary Shares, par value $0.001 (USD) per share OXBR The NASDAQ Cap
• $5.0 million — of an offering by SurancePlus of up to $5.0 million of DeltaCat Re Tokens ("Tokens") with a
• $10.00 — ens ("Tokens") with a purchase price of $10.00 per Token and representing one share of
• $2,447,760 — unt raised in the Private Placement was $2,447,760 for the issuance of 244,776 Tokens, of
• $1,280,000 — 244,776 Tokens, of which approximately $1,280,000 was received from third-party investors
• $1,167,000 — third-party investors and approximately $1,167,000 was received from Oxbridge Re Holdings
• $285,000 — Preferred Stock with purchase price of $285,000. Bridge Loan with Affiliate On Sept
• $500,000 — provide Jet.AI with an aggregate sum of $500,000 of short-term bridge financing pending
• $625,000 — tes in an aggregate principal amount of $625,000, reflecting a 20% original issue discou
• $100,000 — ares. The Company invested the sum of $100,000 in the Notes and is recorded as "Loan R
• $140,000 — nt. The Company receive an aggregate of $140,000 upon the redemption of the Notes. Our
• $1.8 — , the state of Florida has: more than $1.8 trillion in insured residential propert
• $4 billion — idential property exposure; more than $4 billion in expected average annual losses due t
• $60 billion — idential properties only); and nearly $60 billion in 1-in-100 probable maximum losses due

Filing Documents

• form10-k.htm (10-K) — 1520KB
• ex4-4.htm (EX-4.4) — 35KB
• ex21-1.htm (EX-21.1) — 9KB
• ex23-1.htm (EX-23.1) — 5KB
• ex31-1.htm (EX-31.1) — 12KB
• ex31-2.htm (EX-31.2) — 13KB
• ex32.htm (EX-32) — 8KB
• ex97-1.htm (EX-97.1) — 37KB
• form10-k_001.jpg (GRAPHIC) — 57KB
• 0001493152-24-011313.txt (&nbsp;) — 7583KB
• oxbr-20231231.xsd (EX-101.SCH) — 50KB
• oxbr-20231231_cal.xml (EX-101.CAL) — 66KB
• oxbr-20231231_def.xml (EX-101.DEF) — 251KB
• oxbr-20231231_lab.xml (EX-101.LAB) — 445KB
• oxbr-20231231_pre.xml (EX-101.PRE) — 388KB
• form10-k_htm.xml (XML) — 1130KB

BUSINESS

BUSINESS 3 ITEM 1A.

RISK FACTORS

RISK FACTORS 13 ITEM 1B. UNRESOLVED STAFF COMMENTS 27 ITEM 1C. CYBERSECURITY 27 ITEM 2.

PROPERTIES

PROPERTIES 28 ITEM 3.

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 28 ITEM 4. MINE SAFETY DISCLOSURES 28 PART II. ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 28 ITEM 6. [RESERVED] 29 ITEM 7.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 29 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 39 ITEM 8.

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 39 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 39 ITEM 9A.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 39 ITEM 9B. OTHER INFORMATION 40 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 40 PART III. ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 40 ITEM 11.

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 40 ITEM 12.

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS 40 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 41 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES 41 PART IV. ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 41 ITEM 16. FORM 10-K SUMMARY 41 INDEX TO EXHIBITS 41

SIGNATURES

SIGNATURES 44 2 SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS Unless the context dictates otherwise, references to "we," "us," "our," "our company," or "the Company" in this Annual Report on Form 10-K refer to Oxbridge Re Holdings Limited and its wholly-owned subsidiaries, Oxbridge Reinsurance Limited, SurancePlus Holdings Ltd., Oxbridge Re NS, SurancePlus Inc. and DSN Blockchain Technologies Ltd. All of Financial Condition and Results of Operations " (refer to Part I, Item 7 of this Annual Report on Form 10-K), other than results, and the assumptions upon which those statements are based, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements generally are identified by the words such as "believe," "project," "predict," "expect," "anticipate," "estimate," "intend," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result," and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from our historical results and the forward-looking statements and you should not place undue reliance on the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking Form 10-K). We undertake no obligation

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View this 10-K filing on SEC EDGAR