Schedule II - Condensed Financial Information of Registrant

12 Months Ended

Dec. 31, 2021

Schedule II - Condensed Financial Information of Registrant

Schedule II - Condensed Financial Information of Registrant

OXBRIDGE RE HOLDINGS LIMITED
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED BALANCE SHEET - PARENT COMPANY ONLY
(expressed in thousands of U.S. Dollars)
	At December 31,
	2021			2020
Assets
Cash and cash equivalents		3,227			4,295
Equity securities		577			787
Investment in subsidiaries		10,884			927
Due from subsidiaries		2,109			2,061
Due from related party		5			-
Prepayment and other assets		50			75
Operating lease right-of-use assets		135			222
Property and equipment, net		9			13
Total assets	$	16,996			8,380
Liabilities and Shareholders’ Equity
Liabilities:
Operating lease liabilities		135			222
Accounts payable and other liabilities		210			133
Total liabilities		345			355
Shareholders’ equity:
Ordinary share capital		6			6
Additional paid-in capital		32,355			32,294
Accumulated Deficit		(15,710	)		(24,275	)
Total shareholders’ equity		16,651			8,025
Total liabilities and shareholders’ equity	$	16,996			8,380

OXBRIDGE RE HOLDINGS LIMITED
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENTS OF OPERATIONS  - PARENT COMPANY ONLY
(expressed in thousands of U.S. Dollars)
	Years Ended December 31,
	2021			2020
Revenue
Net investment income	$	29			57
Change in fair value of equity securities		(767	)		(155	)
Net realized investment gain		755			374
Management fees and other income		1,465			1,313
Operating expenses		(1,124	)		(1,028	)
Income before equity in earnings (loss) of subsidiaries		358			561
Equity in income (loss) of subsidiaries		8,207			(611	)
Net income (loss)	$	8,565			(50	)

OXBRIDGE RE HOLDINGS LIMITED
CONDENSED FINANCIAL INFORMATION OF REGISTRANT
CONDENSED STATEMENT OF CASH FLOWS  - PARENT COMPANY ONLY
(expressed in thousands of U.S. Dollars)
	Years Ended December 31,
	2021			2020
Operating activities
Net income (loss)	$	8,565			(50	)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity in (gain) loss of subsidiaries		(8,207	)		611
Stock-based compensation		61			32
Depreciation		7			10
Net realized investment gain		(755	)		(374	)
Change in fair value of equity securities		767			155
Change in operating assets and liabilities:
Accrued interest and dividend receivable		-			4
Due from subsidiary		(48	)		333
Due from related party		(5	)		-
Prepayment and other assets		25			-
Accounts payable and other liabilities		77			9
Net cash provided by operating activities	$	487			730
Investing activities
Purchase of equity securities		(1,148	)		(2,592	)
Investment in subsidiary		(1,750	)		-
Proceeds from sale of equity securities		1,346			2,716
Purchase of property and equipment		(3	)		(14	)
Net cash (used in) / provided by investing activities	$	(1,555	)		110
Net change in cash and cash equivalents		(1,068	)		840
Cash and cash equivalents at beginning of year		4,295			3,455
Cash and cash equivalents at end of year	$	3,227			4,295