Oxbridge Re (OXBR) investor relations material

Executive summary

• Achieved net income of $198,000 for the six months ended June 30, 2026, reversing a prior year net loss, driven by the absence of underwriting losses, reduced expenses, and increased SurancePlus management fee income.

• Advanced long-term strategy by expanding SurancePlus into third-party reinsurance and launching AI GridWorks to develop, own, and operate AI data centers.

• SurancePlus offerings exceeded targeted returns, with five new tokenized reinsurance offerings raising $7.1 million and cumulative gross proceeds surpassing $16 million.

• AI GridWorks assembled a team with experience in large-scale data centers and is targeting 10–100 MW facilities, focusing on flexibility and value creation.

• General and administrative expenses decreased to $1.1 million from $1.8 million year-over-year, reflecting reduced professional fees and compensation.

Financial highlights

• Net income for Q2 2026 was $176,000 ($0.02/share), compared to a net loss of $1.87 million ($0.25/share) in Q2 2025.

• Six-month net income was $198,000 ($0.02/share), versus a net loss of $2.01 million ($0.28/share) in the prior year.

• Net premiums earned for Q2 2026 decreased to $368,000 from $582,000 year-over-year; six-month premiums fell to $924,000 from $1.1 million.

• Total revenue for Q2 2026 was $940,000, up from $664,000 in Q2 2025; six-month revenue was $1.56 million, up from $1.36 million.

• Total expenses for Q2 2026 dropped to $647,000 from $3.6 million year-over-year, mainly due to no underwriting losses.

Outlook and guidance

• SurancePlus and AI GridWorks are positioned as complementary growth platforms, with a focus on disciplined execution and long-term shareholder value.

• Management expects to continue leveraging SurancePlus and tokenization of reinsurance contracts for growth, while exploring diversification into AI data centers and Web3-focused opportunities.

• Operational liquidity is expected to be sufficient, with no immediate plans for additional debt issuance.