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OXBR — Oxbridge Re Holdings News Story

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Reinsurer Oxbridge Re's Q3 net loss narrows

Overview

Oxbridge Re Q3 net premiums earned decreased due to lower reinsurance contract rates

Net loss for Q3 decreased due to lower unrealized losses on investments

Total expenses for Q3 increased due to higher professional and operational costs

Outlook

Oxbridge Re plans to introduce regular dividend payouts on CatRe tokens

Company's Balanced Yield Token exceeds 20% target, tracking approximately 25%

High Yield Token remains on track to meet 42% target

Result Drivers

EXPENSE INCREASE - Total expenses rose due to increased professional and operational costs, including Web3 subsidiary and legal expenditures

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Combined Ratio146.80%
Q3 Expense Ratio146.80%
Analyst Coverage The one available analyst rating on the shares is "buy" The average consensus recommendation for the reinsurance peer group is "buy" Wall Street's median 12-month price target for Oxbridge Re Holdings Ltd is $5.00, about 71.9% above its November 5 closing price of $1.41 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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