Oxbridge Re (OXBR) Registration Filing summary

Company overview and business model

• Operates as a specialty property and casualty reinsurer, focusing on fully collateralized reinsurance contracts for insurers in the Gulf Coast region, especially Florida.

• Employs an opportunistic underwriting and investment philosophy, with a goal of long-term growth in book value per share.

• Through SurancePlus, has pioneered tokenized reinsurance securities, issuing digital tokens representing fractional interests in reinsurance contracts.

• Web3-focused subsidiaries are developing products for tokenizing real-world assets (RWAs), aiming to expand beyond reinsurance.

• Operates through subsidiaries in the Cayman Islands and British Virgin Islands, with a small, specialized team and plans to outsource certain functions.

Financial performance and metrics

• As of May 5, 2025, market value of outstanding common stock held by non-affiliates was approximately $12.4 million, based on 7,442,922 shares at $1.83 per share.

• Sold approximately $4.6 million of securities in the 12 months prior to the filing.

• SurancePlus private placements in 2023 and 2024 raised $2.45 million and $2.88 million, respectively, for tokenized reinsurance securities.

• Holds an investment in Jet.AI, with 10,549 shares after a reverse split, and received $393,195 in repayments and $141,000 from a bridge loan redemption in 2024.

Use of proceeds and capital allocation

• Net proceeds from tokenized securities are used to purchase participating notes in affiliated reinsurance entities, which are then invested in collateralized reinsurance contracts.

• Capital is deployed selectively, with only a portion at risk in any single year to avoid complete losses.

• Investment strategy is opportunistic, with capital held in trust accounts for collateral and periodic review by the board.