Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q4 2023 Earnings Conference
Earnings Call Summary | Oxbridge Re Holdings(OXBR.US) Q4 2023 Earnings Conference
The following is a summary of the Oxbridge Re Holdings Limited (OXBR) Q4 2023 Earnings Call Transcript:
以下是牛津再保險控股有限公司(OXBR)2023年第四季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Oxbridge Re Holdings reported a rise in net premiums earned for 2023, up to $1,255,000 from $995,000 in the previous year.
However, a net loss of $9.9 million was recognized for 2023, due to changes in the fair value of its equity investments and increased expenses. This is a larger net loss than the previous year which observed a $1.8 million net loss.
Total expenses for 2023 decreased slightly from $2.6 million in 2022 to $2.3 million.
The company's investment portfolio increased from $642,000 in 2022 to $680,000 in 2023.
牛津橋再保險控股公司報告稱,2023年的淨保費收入從去年的99.5萬美元增加到12.5萬美元。
但是,由於其股權投資公允價值的變化和支出的增加,2023年確認的淨虧損爲990萬美元。這比去年淨虧損180萬澳元還要大。
2023年的總支出從2022年的260萬美元略有下降至230萬美元。
該公司的投資組合從2022年的64.2萬美元增加到2023年的68萬美元。
Business Progress:
業務進展:
Oxbridge Re diversified its business with the establishment of a subsidiary, SurancePlus Inc., which specializes in Web3 technology.
The company also entered into a partnership with Jet.AI, a software company for private aircraft booking, through an acquisition.
Rebranding as a Web3-focused company that specializes in tokenized RWA is on the horizon for Oxbridge Re, as it plans to leverage its progress in the industry.
A successful initial offering of tokenized securities was facilitated through a $2.4 million private placement, giving Oxbridge Re broader exposure to the tokenized RWA market where it aims to be a key player.
牛津橋再保險成立了專門從事Web3技術的子公司SurancePlus Inc.,實現了業務多元化。
該公司還通過收購與私人飛機預訂軟件公司 Jet.AI 建立了合作伙伴關係。
Oxbridge Re計劃利用其在該行業的進步,將品牌重塑爲一家專注於Web3的公司,專門從事代幣化RWA。
240萬澳元的私募促進了代幣化證券的成功首次發行,這使牛津橋再保險在代幣化RWA市場有更大的敞口,其目標是成爲該市場的關鍵參與者。
More details: Oxbridge Re Holdings IR
更多詳情: 牛津再保險控股投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。