Oxbridge Re Holdings Limited (OXBR) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
STRATHVALE HOUSE, 2ND FLOOR, PO BOX 469 GEORGETOWN, KY1-9006 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 3,928 | 5,418 | 7,476 | 8,016 | 11,299 | 10,887 | |||
| Cash and cash equivalents | 1,207 | 3,527 | 5,562 | 5,962 | 8,074 | 7,763 | |||
| Short-term investments | 642 | 577 | 787 | 692 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | 2,079 | 1,314 | 1,127 | 1,362 | 3,225 | 3,124 | |||
| Restricted cash and investments | 1,891 | ||||||||
| Total current assets: | 3,928 | 7,309 | 7,476 | 8,016 | 11,299 | 10,887 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 44 | 135 | 222 | 133 | ✕ | ✕ | |||
| Property, plant and equipment | 5 | 9 | 13 | 9 | 18 | 36 | |||
| Total noncurrent assets: | 49 | 144 | 235 | 142 | 18 | 36 | |||
| Other undisclosed assets | 12,639 | 10,236 | 1,372 | 1,337 | 1,244 | 10,470 | |||
| TOTAL ASSETS: | 16,616 | 17,689 | 9,083 | 9,495 | 12,561 | 21,393 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | |||||||||
| Other liabilities | |||||||||
| Total current liabilities: | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,627 | 1,038 | 1,058 | 1,452 | 4,247 | 7,475 | |||
| Total liabilities: | 1,627 | 1,038 | 1,058 | 1,452 | 4,247 | 7,475 | |||
| Equity | |||||||||
| Equity, attributable to parent | 14,989 | 16,651 | 8,025 | 8,043 | 8,314 | 13,918 | |||
| Common stock | 6 | 6 | 6 | 6 | 6 | 6 | |||
| Additional paid in capital | 32,482 | 32,355 | 32,294 | 32,262 | 32,226 | 32,100 | |||
| Accumulated other comprehensive income (loss) | 2 | (39) | |||||||
| Accumulated deficit | (17,499) | (15,710) | (24,275) | (24,225) | (23,920) | (18,149) | |||
| Total equity: | 14,989 | 16,651 | 8,025 | 8,043 | 8,314 | 13,918 | |||
| TOTAL LIABILITIES AND EQUITY: | 16,616 | 17,689 | 9,083 | 9,495 | 12,561 | 21,393 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 850 | 10,225 | 1,214 | 981 | 3,810 | 23,841 | ||
| Insurance agency management fee | ✕ | |||||||
| Premiums earned, net | 995 | 893 | 617 | 2,728 | ✕ | |||
| Net investment income | 201 | 102 | 230 | 366 | 412 | |||
| Financial services revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 23,567 | |
| Cost of revenue (Deferred Policy Acquisition Costs, Amortization Expense) | (110) | (106) | (98) | (64) | (263) | (681) | ||
| Gross profit: | 740 | 10,119 | 1,116 | 917 | 3,547 | 23,160 | ||
| Operating expenses | (2,596) | (1,126) | (1,131) | (11,559) | (44,433) | |||
| Operating income (loss): | (1,856) | 10,119 | (10) | (214) | (8,012) | (21,273) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (1,856) | 10,119 | (10) | (214) | (8,012) | (21,273) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 110 | (1,463) | 98 | 64 | 263 | |||
| Income (loss) from continuing operations: | (1,746) | 8,656 | 88 | (150) | (7,749) | (21,273) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 8,656 | 88 | (150) | (7,749) | (21,273) | ||
| Other undisclosed net loss | (17,221) | |||||||
| Net income (loss): | (1,746) | (8,565) | 88 | (150) | (7,749) | (21,273) | ||
| Other undisclosed net income (loss) attributable to parent | (43) | 17,130 | (138) | (155) | 2,000 | 681 | ||
| Net income (loss) available to common stockholders, diluted: | (1,789) | 8,565 | (50) | (305) | (5,749) | (20,592) | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,746) | (8,565) | 88 | (150) | (7,749) | (21,273) | ||
| Other comprehensive income (loss) | (2) | 19 | 372 | |||||
| Comprehensive income (loss): | (1,746) | (8,565) | 88 | (152) | (7,730) | (20,901) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 17,130 | (138) | (155) | 2,000 | 681 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,746) | 8,565 | (50) | (307) | (5,730) | (20,220) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.