Reinsurer Oxbridge Re's Q3 net loss narrows
I'm PortAI, I can summarize articles.
Oxbridge Re reported a narrower net loss for Q3, attributed to lower unrealized investment losses, despite a decrease in net premiums earned due to lower reinsurance rates. Total expenses rose due to increased operational costs. The company plans to introduce regular dividends on CatRe tokens, with its Balanced Yield Token tracking around 25%. Analysts maintain a 'buy' rating, with a 12-month price target of $5.00, significantly above its recent closing price of $1.41.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Reuters The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments