CSIMarket
 
Oxbridge Re Holdings Limited  (OXBR)
Other Ticker:  
 
 
Price: $1.1300 $0.07 6.604%
Day's High: $1.21 Week Perf: 14.14 %
Day's Low: $ 1.10 30 Day Perf: 10.78 %
Volume (M): 32 52 Wk High: $ 2.41
Volume (M$): $ 36 52 Wk Avg: $1.32
Open: $1.14 52 Wk Low: $0.87



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 0
 Employees 2
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -7
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 0

Oxbridge Re Holdings Limited

We are a Cayman Islands exempted company that was organized in April 2013 to provide reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through our licensed reinsurance subsidiary, Oxbridge Reinsurance Limited, we write fully collateralized policies to cover property losses from specified catastrophes. We specialize in underwriting medium frequency, high severity risks, where we believe sufficient data exists to analyze effectively the risk/return profile of reinsurance contracts.

Our goal is to achieve attractive risk-adjusted returns for our shareholders through the prudent management of underwriting risks relative to our capital base. To achieve this objective, the following are the principal elements of our business strategy.

Maintain a Commitment to Disciplined Underwriting. We employ a disciplined and data-driven underwriting approach to select a diversified portfolio of risks that we believe will generate an attractive return to our shareholders over the long term. Neither our underwriting nor our investment strategies are designed to generate smooth or predictable quarterly earnings, but rather to optimize growth in book value per share over the long term.

Focus on Risk Management. We treat risk management as an integral part of our underwriting and business management processes. All of our reinsurance contracts contain loss limitation provisions that limit our losses to the value of the assets collateralizing our reinsurance contracts.

Partial Deployment of Capital. In order to eliminate the possibility of complete losses, we intend to place only a portion of our total capital at risk in any single year. This means that we expect lower returns than some of our competitors in years where there are lower than average catastrophe losses but that our capital will be better protected in the event of large losses. We are committed to maintaining our capitalization and financial strength over the long term and to developing a history of paying a consistent dividend on our ordinary shares.

Take Advantage of Market Opportunities. Although our business is initially focused on catastrophe coverage for Gulf Coast insurers with an emphasis on Florida, we intend to continuously evaluate various market opportunities in which our business may be strategically or financially expanded or enhanced in the future. Such opportunities could take the form of further diversifying our business into other geographic or market areas, could include quota share reinsurance contracts, joint ventures, renewal rights transactions, corporate acquisitions of other insurers or reinsurers, or the formation of insurance or reinsurance platforms in new markets. We believe the environment in the reinsurance and insurance markets will continue to produce opportunities for us, either through organic expansion, through acquisitions, or a combination of both.

Reinsurance is an arrangement in which an insurance company, referred to as the reinsurer, agrees to assume from another insurance company, referred to as the ceding company or cedant, all or a portion of the insurance risks that the ceding company has underwritten under one or more insurance contracts. In return, the reinsurer receives a premium for the insured risks that it assumes from the ceding company, although reinsurance does not discharge the ceding company from its liabilities to policyholders. It is standard industry practice for primary insurers to reinsure portions of their insurance risks with other insurance companies under reinsurance agreements or contracts. This permits primary insurers to underwrite policies in amounts larger than the risks they are willing to retain. Reinsurance is generally designed to:

Reduce the ceding company’s net liability on individual risks, thereby assisting it in managing its risk profile and increasing its capacity to underwrite business as well as increasing the limit to which it can underwrite on a single risk;

assist the ceding company in meeting applicable regulatory and rating agency capital requirements;

assist the ceding company in reducing the short-term financial impact of sales and other acquisition costs; and

enhance the ceding company’s financial strength and statutory capital.

When reinsurance companies purchase reinsurance to cover their own risks assumed from ceding companies, this is known as retrocessional reinsurance. Reinsurance or retrocessional reinsurance can benefit a ceding company or reinsuring company, referred to herein as a “retrocedant,” as applicable, in various ways, such as by reducing exposure to individual risks and by providing catastrophe protection from larger or multiple losses. Like ceding companies, retrocedants can use retrocessional reinsurance to manage their overall risk profile or to create additional underwriting capacity, allowing them to accept larger risks or to write more business than would otherwise be possible, absent an increase in their capital or surplus.

Reinsurance contracts do not discharge ceding companies from their obligations to policyholders. Ceding companies therefore generally require their reinsurers to have, and to maintain, either a strong financial strength rating or security, in the form of collateral, as assurance that their claims will be paid.

Insurers generally purchase multiple tranches of reinsurance protection above an initial retention elected by the insurer. The amount of reinsurance protection purchased by an insurer is typically determined by the insurer through both quantitative and qualitative methods. In the event of losses, the amount of loss that exceeds the amount of reinsurance protection purchased is retained by the insurer. As a program is constructed from the ground up, each tranche added generally has a lower probability of loss than the prior tranche and therefore is generally subject to a lower reinsurance premium charged for the reinsurance protection purchased. Insurer catastrophe programs are typically supported by multiple reinsurers per program.

Reinsurance brokers play an important role in the reinsurance market. Brokers are intermediaries that assist the ceding company in structuring a particular reinsurance program and in negotiating and placing risks with third-party reinsurers. In this capacity, the broker is selected and retained by the ceding company on a contract-by-contract basis, rather than by the reinsurer. Though brokers are not parties to reinsurance contracts, reinsurers generally receive premium payments from brokers rather than ceding companies, and reinsurers that do not provide collateralized reinsurance are frequently required to pay amounts owed on claims under their policies to brokers. These brokers, in turn, pay these amounts to the ceding companies that have reinsured a portion of their liabilities with reinsurers.

Property reinsurance products are often written in the form of treaty reinsurance contracts, which are contractual arrangements that provide for the automatic reinsurance of a type or category of risk underwritten. Treaty reinsurance premiums, which are typically due in installments, are a function of the number and type of contracts written, as well as prevailing market prices. The timing of premiums written varies by line of business. The majority of property catastrophe business is written at the January and June annual renewal periods, depending on the type and location of the risks covered. Most hurricane and wind-storm coverage, particularly in the Gulf Coast region of the United States, is written at the June annual renewal periods.

Property catastrophe reinsurance contracts are typically “all risk” in nature, providing protection to the ceding company against losses from hurricanes and other natural and man-made catastrophes such as floods, earthquakes, tornadoes, storms and fires, referred to herein collectively as “perils.” The predominant exposures covered by these contracts are losses stemming from property damage and business interruption resulting from a covered peril. Coverage can also vary from “all natural” perils, which is the most expansive form, to more limited types such as windstorm-only coverage.

Property catastrophe reinsurance contracts are typically written on an “excess-of-loss” basis, which provides coverage to the ceding company when aggregate claims and claim expenses from a single occurrence for a covered peril exceed an amount that is specified in a particular contract. The coverage provided under excess-of-loss reinsurance contracts may be on a worldwide basis or may be limited in scope to specific regions or geographical areas. Under these contracts, protection is provided to an insurer for a portion of the total losses in excess of a specified loss amount, up to a maximum amount per loss specified in the contract.

Excess-of-loss contracts are typically written on a losses-occurring basis, which means that they cover losses that occur during the contract term, regardless of when the underlying policies came into force. Premiums from excess-of-loss contracts are earned ratably over the contract term, which is ordinarily 12 months. Most excess-of-loss contracts provide for a reinstatement of coverage following a covered loss event in return for an additional premium.



   Company Address: Suite 201 Grand Cayman 0
   Company Phone Number: 749-7570   Stock Exchange / Ticker: OXBR
   OXBR is expected to report next financial results on March 29, 2024.


Customers Net Income fell by OXBR's Customers Net Profit Margin grew to

-8.56 %

6.74 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ACGL        0.53% 
AIG   -0.72%    
BRKA   -0.72%    
EG        3.48% 
L        1% 
MKL        1.48% 
• View Complete Report
   



Oxbridge Re Holdings Limited

Oxbridge Re Holdings Limited Transforms Losses into Profits, Achieving Remarkable Turnaround in Q3 2023

Oxbridge Re Holdings Limited, a renowned reinsurance firm, has recently reported its earnings for the third quarter of 2023. These earnings have displayed a significant turnaround for the company, as it has shifted from a loss to a profit, posting a remarkable EPS (earnings per share) of $1.24. This is in stark contrast to the same period last year when the company reported a loss of $0.37 per share.
Moreover, Oxbridge Re Holdings Limited had also realized a net deficit of $-7.300 million for the third quarter of 2023, which, although higher than the previous year's $-2.157 million, should not overshadow the positive results in terms of EPS. Additionally, the company's accounts receivable have declined slightly to $0.1 million from the previous quarter, while still remaining higher than the same period last year.

Oxbridge Re Holdings Limited

Oxbridge Re Holdings Limited Experiences Temporary Dip in Financials, but Impressive Revenue Growth Shines Amidst Industry Competition

Oxbridge Re Holdings Limited, a Property & Casualty Insurance company, may have slipped into a deficit in the second quarter of 2023, but its recent performance suggests that this is just a temporary setback. Despite the deficit, the company's revenue has surged by an impressive 37.376% to $0.69 million compared to the same period last year. In fact, Oxbridge Re Holdings Limited has outshone its industry contemporaries, with the rest of the Property & Casualty Insurance industry only experiencing a 21.58% increase in revenue during the same time frame.
Looking at the company's previous reporting period, Oxbridge Re Holdings Limited achieved revenue of $0.55 million and $0.02 per share. It is important to note that the recent deficit of $-0.085 million is a deviation from the company's break-even status in the corresponding reporting period a year ago. However, this setback should not be seen as a cause for concern, as the build-up in accounts receivable suggests a rising demand for the company's services. With accounts receivables valued at $0.1 million, Oxbridge Re Holdings Limited is well-positioned to capitalize on this increasing demand.

Oxbridge Re Holdings Limited

Oxbridge Re Holdings Limited Achieves a Remarkable Turnaround in Q1 2023, Reporting Positive Revenue and Earnings Growth

Oxbridge Re Holdings Limited, a Property & Casualty Insurance company, has seen a significant turnaround in profitability in the fiscal first quarter of 2023. The company displayed an EPS of $0.02 per share, marking a drastic improvement compared to the $-1.23 per share in the year-ago quarter. In the prior quarter, the company had realized a negative EPS of $-0.37 per share.
Furthermore, the company's revenue exhibited a positive shift from $-0.70 million in the prior quarter, and the income per share also turned positive, a result of Oxbridge Re Holdings Limited recording earnings of $0.142 million in the financial span ending March 31, 2023, which is a significant improvement compared to the net deficit of $-7.076 million in the same quarter a year ago.






 

Oxbridge Re Holdings Limited's Segments
 
 
• View Complete Report




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com