Oxbridge Re (OXBR) investor relations material

Executive summary

• Achieved strong Q1 2026 execution with continued growth in tokenized reinsurance offerings and platform expansion initiatives, focusing on disciplined, data-driven underwriting and book value growth.

• SurancePlus completed multiple private placements of tokenized participation shares, raising capital for reinsurance contracts and expanding ecosystem relationships.

• SurancePlus platform's Balanced Yield Token is expected to deliver a 25% annual return, and High Yield Token remains on track for 42%.

• Focus remains on fully collateralized property and casualty reinsurance, primarily in the Gulf Coast region, and expansion into tokenized reinsurance securities.

• Report covers the quarter ended March 31, 2026, with 8,101,374 ordinary shares outstanding as of May 11, 2026.

Financial highlights

• Net income for Q1 2026 was $22,000, reversing a net loss of $139,000 in Q1 2025.

• Net premiums earned for Q1 2026 decreased to $555,000 from $595,000 year-over-year due to lower weighted average rates.

• Total revenue for Q1 2026 was $623,000, down from $692,000 in Q1 2025.

• Cash and cash equivalents, including restricted, increased by $1.21 million to $8.19 million as of March 31, 2026, aided by premium deposits and a $1 million short-term loan.

• No losses or loss adjustment expenses were incurred during the quarter.

Outlook and guidance

• Preparing T20 and T42 tokenized offerings for the 2026-2027 cycle, targeting annual returns of 20% and 42%, respectively.

• Anticipates a more constructive hurricane environment for the upcoming underwriting cycle, supported by El Niño forecasts and industry outlooks.

• Exploring expansion of tokenization into data center revenue streams and AI-aligned infrastructure.

• Management expects to fund operations through operating cash flows, ATM equity sales, and short-term loans.