Oxbridge Re Holdings Ltd. Q4 FY2025 earnings call

• Proud of steps taken to fortify and innovate business, bringing reinsurance on chain and broadening investor access.
• Accor is a disciplined reinsurance business with focus on low-frequency, high-severity risk, data-driven underwriting. Insurance Plus expanding reinsurance on-chain in compliant and scalable manner.
• Encouraged by performance of 2025 and 2026 tokenized reinsurance contracts, balance sheet yield token tracking 25% ahead of 20% target, high yield token tracking 42% target.
• Made progress expanding platform through strategic relationships, entry into Solana ecosystem and expanded distribution across over 160 blockchain networks via Alpha Ledger platform.

For the three months ended December 31st, 2025, net premiums earned decreased to $555,000 from $595,000 in the prior year period due to lower weighted average rate on reinsurance contracts. Net investment income for the three months increased to $63,000 from $68,000 prior period but there was a decrease in fair value of equity securities. Revenue for the three months was $576,000 compared to $422,000 prior year. For the fiscal year ended December 31st, 2025, net investment and other income increased to $214,000 from $248,000 prior year, total revenues were $2.58 million compared to $546,000 prior year. Total expenses for the three months ended December 31st, 2025 increased to $1.04 million from $497,000 prior year due to underwriting losses from Hurricane Milton and increased general and admin expenses. For the year ended December 31st, 2025, total expenses increased to $6.04 million from $2.17 million prior year. Net income for the quarter ended December 31st, 2025 was $120,000 vs net loss of $406,000 prior year. Net loss for the year ended December 31st, 2025 was $2.08 million vs $2.73 million prior year. Loss ratio increased to 80.9% for three months 2025 vs prior period, expense ratio increased for three months and year ended 2025. Combined ratio increased. Balance sheet investment portfolio decreased to zero, cash and cash equivalents increased due to new collateral deposits offsetting funds released for Hurricane Milton. The reinsurance business has different segments with respective financial performances in absolute terms and related ratios.

• Targeting returns of 20% and 42% for T20 and T42 offerings in 2026 - 2027 contract cycle.
• Optimistic about opportunities presented by El Nino conditions for 2026 - 2027 contract cycle.
• Exploring opportunities to extend model into additional high-quality cash-generating assets like tokenization of data center revenue streams related to AI growth.

• Forward-looking statements subject to various risks and uncertainties detailed in Risk Factors section of Form 10-K. Occurrence of these could materially affect business, financial condition, earnings volatility, market price and trade volume of securities. No obligation to update forward-looking statements even if expectations change.

Q: Can you expand on the tokenization of artificial intelligence infrastructure and data center revenue?

A: Evaluating entering into strategic relationships with partners, developers, customers, operators for data center revenue streams. Data center tokenization could be significant for shareholder valuation and Shones Plus.

Q: Regarding cash balances and restricted cash, is the cash position good?

A: Yes, have about $6.9 million in cash and restricted cash, great position to do reinsurance tokenization and evaluate other opportunities