Oxbridge Re posted a wider Q3 loss of $421,000 on lower premiums, though nine-month results improved significantly to a $223,000 loss as the company pivots toward AI infrastructure development and tokenized reinsurance.
Q3 net loss widened to $421,000 from $187,000 a year earlier and net premiums earned fell to $86,000 from $555,000, which is negative. However, the nine-month net loss improved to $223,000 from $2.19 million with a 0% loss ratio, and cash rose to $19.57 million. AI GridWorks remains at site-evaluation stage with no revenue figures. Good and bad largely offset, though the quarterly deterioration caps upside.
Oxbridge Re Holdings reported a Q3 2026 net loss of $421,000, widening from $187,000 in the prior-year period as net premiums earned dropped to $86,000. Despite the quarterly decline, the company's nine-month net loss narrowed to $223,000 from $2.19 million, supported by a 0% loss ratio and a cash position of $19.57 million. The firm is currently advancing its AI GridWorks data center pipeline while SurancePlus completed $7.1 million in tokenized reinsurance offerings.
No. The company reported a net loss of $421,000, or $0.05 per share, for the quarter ended September 30, 2026, though the nine-month loss narrowed sharply to $223,000 from $2.19 million a year earlier.
AI GridWorks, launched in August 2026, is evaluating specific sites, engaging utilities about power capacity and timing, and talking to engineering, construction and financing partners, but no projects, contracts or revenue figures were disclosed.