Oxbridge Re Holdings Reports Increased Net Loss Due to Hurricane Milton Impact; Total Expenses Surge in Q2 2025
Oxbridge Re Holdings Ltd., a leader in digitizing reinsurance securities, has reported its financial results for the quarter and six-month period ended June 30, 2025. The company highlighted significant growth in its tokenized reinsurance sector and strategic partnerships, marking a pivotal moment for Oxbridge and its subsidiary, SurancePlus. For the quarter ended June 30, 2025, Oxbridge reported a net loss primarily due to the adverse development and loss recognition from Hurricane Milton on one of its reinsurance contracts. Total expenses for the quarter increased to $3.61 million from $628,000 in the same quarter of the previous year. For the six-month period ended June 30, 2025, total expenses rose to $4.18 million from $1.18 million for the corresponding period in 2024. The combined ratio, a key measure of underwriting performance, increased significantly for both the three-month and six-month periods. For the quarter, the combined ratio escalated to 621% from 111.3% in the previous year, while the six-month period saw an increase to 355.5% from 105.7%. These increases were attributed to higher general and administrative expenses and the losses incurred during the periods.
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