Oxbridge Re Holdings Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 26, 2024 at 04:01 pm EDT
Oxbridge Re Holdings Limited reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported negative revenue was USD 1.91 million compared to revenue of USD 1.04 million a year ago. Net loss was USD 2.67 million compared to net income of USD 0.678 million a year ago. Basic loss per share from continuing operations was USD 0.46 compared to basic earnings per share from continuing operations of USD 0.12 a year ago.
For the full year, negative revenue was USD 7.05 million compared to revenue of USD 0.85 million a year ago. Net loss was USD 9.92 million compared to USD 1.79 million a year ago. Basic loss per share from continuing operations was USD 1.69 compared to USD 0.31 a year ago.