Oxbridge Re Holdings Limited (NASDAQ: OXBR) reported financial results for the three and nine months ended September 30, 2026, and provided updates on its SurancePlus tokenization platform and AI GridWorks infrastructure division.

For the quarter ended September 30, 2026, the company reported a net loss of $421,000, or ($0.05) per share, compared to a net loss of $187,000, or ($0.02) per share, in the prior year period. Net premiums earned decreased to $86,000 for the quarter from $555,000 in the prior year. For the nine months ended September 30, 2026, the net loss was $223,000, or ($0.03) per share, compared to a net loss of $2.19 million, or ($0.30) per share, in the prior year.

As of September 30, 2026, the company’s combined cash and restricted cash and cash equivalents increased by $12.59 million to $19.57 million, from $6.98 million as of December 31, 2025. The increase was attributed to investments in new tokenized securities, the release of collateral from reinsurance treaty contracts, and premium deposits.

Regarding its SurancePlus platform, the company completed five tokenized reinsurance offerings for the 2026–2027 year, generating approximately $7.1 million in aggregate gross offering proceeds. Two offerings were tied to Oxbridge-originated reinsurance, while three provided contractual exposure to risks associated with HCI Group and Fortex Re through a separate investment structure. The original annual return targets for T20 and T42 were 20% and 42%, respectively, but were revised at closing to 26% and 32%, respectively. The announced annual return targets for the HCI Re 2026 Series A, B, and C were 224%, 122%, and 17%, respectively.

Management also announced updates on AI GridWorks, a subsidiary focused on developing physical infrastructure for AI computing. Since its August 2026 launch, the team has begun evaluating specific sites and engaging with utilities to assess power capacity. The leadership team brings 44 years of combined experience across data center operations and power infrastructure.

Management will host a conference call on November 9, 2026, at 4:30 p.m. Eastern time to discuss the results.