| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 0.94 | 51.6% | 42.4% |
| Total Income | 0.94 | 51.6% | 42.4% |
| Expenditure | 0.76 | 26.7% | 70.1% |
| PBT | 0.29 | 625.0% | 114.5% |
| Net Profit | 0.18 | 800.0% | 109.6% |
| OPM | — | ||
| NPM | 18.72% | 15.19pp | |
| EPS | 0.02 | 108.0% |
Oxbridge Re Reports Solid Q2 2026 Results and Launches AI GridWorks
14 Aug 2026 · 14 Aug, 1:56 am
Summary
Oxbridge Re Holdings Limited reported a net income of $176,000 for the second quarter of 2026, a substantial turnaround from a net loss of $1.87 million in the same period of 2025, driven by the absence of underwriting losses and increased management fee income. For the first six months of 2026, the company also achieved net income of $198,000, compared to a net loss of $2.01 million in the prior year. The company announced the launch of AI GridWorks, a new venture into AI infrastructure development, alongside the continued growth of its SurancePlus platform for tokenizing real-world assets, which saw its reinsurance offerings exceed target returns.
Key Highlights
- 1
Oxbridge Re reported net income of $176,000, or $0.02 per share, for the quarter ended June 30, 2026, a significant improvement from a net loss of $1.87 million in the prior year period.
- 2
For the six months ended June 30, 2026, net income was $198,000, or $0.02 per share, compared to a net loss of $2.01 million in the same period last year.
- 3
Net premiums earned for the quarter decreased to $368,000 from $582,000 in the prior year quarter, attributed to lower rates and capital deployed.
- 4
Total expenses for the quarter decreased significantly to $647,000 from $3.6 million in the prior year quarter, primarily due to the absence of underwriting losses.
- 5
As of June 30, 2026, restricted cash and cash equivalents increased by $12.85 million to $19.82 million, positioning the company for its AI infrastructure strategy.
- 6
The EtaCat Re and ZetaCat Re tokenized reinsurance offerings delivered actual annualized returns of 29.3% and 43.4%, exceeding their original targets.
- 7
Oxbridge launched AI GridWorks, a new subsidiary focused on developing, owning, and operating AI data centers and related infrastructure.
Management Comments
Jay Madhu
Oxbridge is entering an important new phase of growth. We have demonstrated our ability to structure and tokenize real-world assets through SurancePlus, initially with reinsurance originated through our own operations and now with third-party reinsurance. Our previous tokenized reinsurance offerings exceeded their targeted annual returns, and our current T20 and T42 offerings are tracking in line with their targeted returns, subject to underwriting performance through the applicable treaty period. At the same time, the expansion of SurancePlus into third-party reinsurance demonstrates the broader potential of the platform. With AI GridWorks, we have expanded our growth strategy into AI infrastructure and are moving quickly to build the capabilities, team and development pipeline necessary to execute on this opportunity. Our focus is on developing and owning the physical infrastructure required to support the continued growth of artificial intelligence and creating value from the underlying assets themselves. We believe AI GridWorks and SurancePlus provide Oxbridge with two complementary growth platforms. By combining infrastructure development with our established real-world asset capabilities, we believe we are positioning Oxbridge to participate in the growth of AI infrastructure while creating multiple avenues for long-term shareholder value.
Informational and educational content only. Not investment advice.