Oxbridge Re Q3 net loss widens as premiums fall
OXBR•Oxbridge Re’s Q3 net loss widened as net premiums earned fell sharply because the company deployed less capital into reinsurance contracts. Its reported expense and combined ratios were both 752.30%.
1. Premiums and expenses
Net premiums earned fell sharply in Q3 as Oxbridge Re deployed less capital into reinsurance contracts. The company reported no losses or loss adjustment expenses, consistent with the prior-year period. Total expenses decreased, driven by lower professional fees and compensation, while reduced premiums contributed to higher expense and combined ratios.
