Quarterly ResultAug 13, 2026, 04:25 PM
Oxbridge Re Q2 Net Income $176K; EPS $0.02; Total Assets $20.37M
AI Summary
Oxbridge Re Holdings Ltd. reported a significant financial turnaround for the second quarter and first half of 2026, achieving net income of $176,000 and $198,000 respectively, compared to losses in the prior year periods. Total assets surged to $20.37 million, driven by a substantial increase in restricted cash from new HCI 2026 token programs. The company's Web3-focused subsidiary, SurancePlus, also saw a dramatic rise in management fee income.
Key Highlights
- Net income attributable to ordinary shareholders was $176K for Q2 2026, up from $(1,873)K in Q2 2025.
- Basic and diluted EPS was $0.02 for Q2 2026, compared to $(0.25) in Q2 2025.
- Total assets increased to $20.37M as of June 30, 2026, from $8.05M at December 31, 2025.
- Restricted cash for HCI 2026 token program reached $12.02M as of June 30, 2026.
- SurancePlus management fee income grew to $501K for Q2 2026, from $1K in Q2 2025.
- Total liabilities decreased to $1.02M as of June 30, 2026, from $1.56M at December 31, 2025.
- Net cash provided by financing activities was $12.90M for H1 2026, up from $2.60M for H1 2025.
Price Impact
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