NET WORTH FOR REGULATORY PURPOSES	3 Months Ended
Mar. 31, 2023
Net Worth For Regulatory Purposes
NET WORTH FOR REGULATORY PURPOSES	12. NET WORTH FOR REGULATORY PURPOSES The subsidiaries are subject to a minimum and prescribed capital requirement as established by CIMA. Under the terms of their respective licenses, Oxbridge Reinsurance Limited and Oxbridge Re NS are required to maintain a minimum and prescribed capital requirement of $500 in accordance with the relevant subsidiary’s approved business plan filed with CIMA. At March 31, 2023, the Oxbridge Reinsurance Limited’s net worth of $9.1 million exceeded the minimum and prescribed capital requirement. For the three-month periods ended March 31, 2023 and 2022, the Subsidiary’s net loss was approximately $90,000 and $490,000, respectively. At March 31, 2023, the Oxbridge Re NS’ net worth of $155,000 exceeded the minimum and prescribed capital requirement. For the three-month periods ended March 31, 2023 and 2022, the Subsidiary’s net income was approximately $Nil and $6,000, respectively. The Subsidiaries are not required to prepare separate statutory financial statements for filing with CIMA, and there were no material differences between the Subsidiaries’ GAAP capital, surplus and net income (loss), and its statutory capital, surplus and net income (loss) as of March 31, 2023 or for the period then ended. OXBRIDGE RE HOLDINGS LIMITED AND SUBSIDIARIES Notes to Consolidated Financial Statements (unaudited) March 31, 2023

NET WORTH FOR REGULATORY PURPOSES

3 Months Ended

Mar. 31, 2023

12. NET WORTH FOR REGULATORY PURPOSES

The subsidiaries are subject to a minimum and prescribed capital requirement as established by CIMA. Under the terms of their respective licenses, Oxbridge Reinsurance Limited and Oxbridge Re NS are required to maintain a minimum and prescribed capital requirement of $500 in accordance with the relevant subsidiary’s approved business plan filed with CIMA.

At March 31, 2023, the Oxbridge Reinsurance Limited’s net worth of $9.1 million exceeded the minimum and prescribed capital requirement. For the three-month periods ended March 31, 2023 and 2022, the Subsidiary’s net loss was approximately $90,000 and $490,000, respectively.

At March 31, 2023, the Oxbridge Re NS’ net worth of $155,000 exceeded the minimum and prescribed capital requirement. For the three-month periods ended March 31, 2023 and 2022, the Subsidiary’s net income was approximately $Nil and $6,000, respectively.

The Subsidiaries are not required to prepare separate statutory financial statements for filing with CIMA, and there were no material differences between the Subsidiaries’ GAAP capital, surplus and net income (loss), and its statutory capital, surplus and net income (loss) as of March 31, 2023 or for the period then ended.

OXBRIDGE RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes to Consolidated Financial Statements (unaudited)

March 31, 2023