Reinsurer Oxbridge Re's Q3 net loss narrows

Reuters11-07
Reinsurer <a href="https://laohu8.com/S/OXBRW">Oxbridge Re</a>'s Q3 net loss narrows

Overview

  • Oxbridge Re Q3 net premiums earned decreased due to lower reinsurance contract rates

  • Net loss for Q3 decreased due to lower unrealized losses on investments

  • Total expenses for Q3 increased due to higher professional and operational costs

Outlook

  • Oxbridge Re plans to introduce regular dividend payouts on CatRe tokens

  • Company's Balanced Yield Token exceeds 20% target, tracking approximately 25%

  • High Yield Token remains on track to meet 42% target

Result Drivers

  • EXPENSE INCREASE - Total expenses rose due to increased professional and operational costs, including Web3 subsidiary and legal expenditures

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Combined Ratio

146.80%

Q3 Expense Ratio

146.80%

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the reinsurance peer group is "buy"

  • Wall Street's median 12-month price target for Oxbridge Re Holdings Ltd is $5.00, about 71.9% above its November 5 closing price of $1.41

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment