Oxbridge Ord Shrs Up 1.9% To $1.07 After Earnings

Oxbridge Ord Shrs (OXBR) said after close Tuesday that it lost $0.46 per share in quarter four 2023. The company reported $1.9 million in revenue

In the same quarter a year ago, the company earned $0.12 per share on revenue of $1 million.

The stock is up 1.9% to $1.07 after the report.

Oxbridge Ord Shrs's profit margins took a hit as earnings fell at a faster pace than revenues.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 8.

Oxbridge Re Holdings Ltd is a specialty property and casualty reinsurer. It provides reinsurance solutions through its subsidiary. It focuses on underwriting fully collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States, with an emphasis on Florida. Oxbridge specializes in underwriting medium frequency, high severity risks, where insufficient data exists to analyze effectively the risk/return profile of reinsurance contracts. It derives most revenues from three principal sources premiums assumed from reinsurance on property and casualty business; income from investments; and other fee income from management and underwriting performance of the reinsurance side-car.