GlobeNewswire·Nov 9, 2026, 4:02 PM ET

Oxbridge Reports Q3 2026 Results and Advances AI GridWorks’ Data Center Pipeline

OXBR OXBRW

Oxbridge Re Holdings Limited reported financial results for the three and nine months ended September 30, 2026, while updating on its SurancePlus reinsurance platform and AI GridWorks infrastructure division.
AI GridWorks has assembled a development team, begun evaluating specific sites, engaged with utilities to assess power availability, and coordinated with engineering, construction, and financing partners since its August 2026 launch.
SurancePlus completed five tokenized reinsurance offerings for the 2026–2027 treaty year, generating approximately $7.1 million in gross proceeds, with two offerings tied to Oxbridge-originated reinsurance and three tied to HCI Group and Fortex Re risks.
Revised annual return targets for SurancePlus offerings were set at 26% for T20 and 32% for T42, while HCI Re 2026 Series A, B, and C targets were 224%, 122%, and 17% respectively, subject to underwriting results.
Net loss for the quarter ended September 30, 2026, was $421,000 ($0.05 per share), compared to $187,000 ($0.02 per share) in the prior year quarter, driven by a decline in net premiums earned.
Net loss for the nine months ended September 30, 2026, decreased to $223,000 ($0.03 per share) from $2.19 million ($0.30 per share) in the prior year period, primarily due to zero underwriting losses and reduced expenses.
Net premiums earned decreased to $86,000 for the quarter and $1.01 million for the nine months ended September 30, 2026, reflecting lower capital deployment into reinsurance contracts compared to prior periods.
Total expenses decreased to $647,000 for the quarter and $1.87 million for the nine months ended September 30, 2026, due to reduced professional fees, lower compensation, and the absence of underwriting losses.
Combined cash and restricted cash increased by $12.59 million to $19.57 million as of September 30, 2026, resulting from new tokenized security investments, collateral releases, and premium deposits.
The loss ratio remained at 0% for both the quarter and nine-month periods in 2026, contrasting with a 132.4% ratio for the nine months ended September 30, 2025.
The expense ratio increased to 752.3% for the quarter and 185.8% for the nine months ended September 30, 2026, primarily due to reduced net premiums earned relative to fixed operating costs.
Management will host a conference call on November 9, 2026, at 4:30 p.m. Eastern time to discuss these results, featuring CEO Jay Madhu and CFO Wrendon Timothy.

Company: Oxbridge Re Holdings Limited
Keywords: Nasdaq:OXBR, Oxbridge Re Holdings Limited, Oxbridge Re Holdings Limited, Third Quarter 2026 Results, SurancePlus, AI GridWorks, NASDAQ:OXBR, OXBRW, (“RWA”) tokenization