The following is a summary of the Oxbridge Re Holdings Limited (OXBR) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Net premiums earned for Q2 2024 were $564,000 compared to $183,000 in Q2 2023.

• Total revenue for the quarter was $44,000, a significant decline from $691,000 in the same quarter last year.

• Oxbridge Re reported a net loss of $821,000 for the quarter, compared to a net loss of $85,000 in Q2 2023.

Business Progress:

• Oxbridge Re has diversified its business by establishing subsidiaries like SurancePlus Inc., focused on Web3 technologies and tokenized reinsurance securities.

• The company successfully merged with Jet.AI Inc., integrating new technology platforms for the aviation industry.

• SurancePlus released digital tokens EpsilonCat Re, achieving significant returns, and has formed a strategic partnership with Zoniqx, a pioneer in digital asset management.

Opportunities:

• Oxbridge Re is pioneering tokenization in the RWA Web3 sector, positioning itself within a market projected to exceed $10 trillion over the next decade.

• The company plans to capitalize on advancements in blockchain and digital asset management.

• Strategic rebranding is anticipated to enhance market penetration and investor returns.

Risks:

• The portfolio experienced a disproportionate unrealized loss of $1.5 million due to re-measurement of Jet.AI investment, impacting the company's financial position.

More details: Oxbridge Re Holdings IR

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