Oxbridge Re (OXBR) Q4 2025 earnings summary

Executive summary

• Focused on disciplined, data-driven underwriting in fully collateralized property catastrophe reinsurance, emphasizing risk-adjusted returns and long-term book value growth.

• Achieved strong performance in 2025-26, with tokenized reinsurance offerings exceeding return targets and platform expansion through strategic blockchain partnerships, including entry into the Solana ecosystem and distribution across 160+ blockchain networks.

• SurancePlus Balanced Yield Token is tracking a 25% return (vs. 20% target); High Yield Token is on track for 42% return.

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

Financial highlights

• Net premiums earned for Q4 2025 decreased to $555,000 from $595,000 year-over-year; full-year net premiums earned were $2.3 million for both 2025 and 2024.

• Total revenue for Q4 2025 rose to $576,000 from $422,000 year-over-year; full-year revenue increased to $2.58 million from $546,000.

• Q4 2025 net income was $120,000 ($0.02 per share), reversing a net loss of $460,000 ($0.05 per share) in Q4 2024.

• Full-year 2025 net loss narrowed to $2.08 million ($0.20 per share) from $2.73 million ($0.45 per share) in 2024, driven by higher revenues and allocation of underwriting losses to token holders.

• Total expenses for Q4 2025 rose to $1.04 million from $497,000 in Q4 2024, mainly due to Hurricane Milton-related losses and higher admin costs.

Outlook and guidance

• Targeting 20% and 42% returns for T20 and T42 tokenized reinsurance offerings in the 2026/2027 cycle.

• Favorable industry outlook due to El Niño conditions, with optimism for risk environment and new asset tokenization opportunities, including data center revenue streams linked to AI growth.

• Focus remains on scaling SurancePlus, expanding global reach, and innovating product structures.