Oxbridge Re Q2 FY26 returns to profit with net income USD 176,000; revenue rises 41.57% to USD 940,000
OXBR•Cash position and AI GridWorks launch
- Restricted cash and cash equivalents climbed to USD 19.82 million as of June 30 from USD 6.98 million at Dec. 31.
- The company launched AI GridWorks to develop, own and operate AI data centers; CEO Jay Madhu said the company is “moving quickly” on team and pipeline.
Q2 FY26 returns to profit as revenue rises
- Oxbridge Re swung to a Q2 profit, posting net income of USD 176,000, or USD 0.02 a share.
- Revenue rose 41.57% to USD 940,000, driven by USD 501,000 of SurancePlus management fee income.
- Total expenses plunged 82.1% to USD 647,000 on no underwriting losses, cutting the combined ratio by 445.2 percentage points to 175.8%.
