v3.26.1
INVESTMENTS
 12 Months Ended
Dec. 31, 2025
Investments, All Other Investments [Abstract]  
INVESTMENTS

4. INVESTMENTS

 

 

Proceeds received, and the gross realized gains and losses from sale of equity securities, for the year ended December 31, 2025 and 2024 are as follows:

  

  

Equity securities, Gross proceeds from sales

  

Equity securities, Gross Realized Gains

  

Equity securities, Gross Realized Losses

 
  

Gross proceeds

from sales

  

Gross Realized

Gains

  

Gross Realized

Losses

 
   ($ in thousands) 
             

Year ended December 31, 2025

               

Equity securities

 

$ 

73           
                            
Year ended December 31, 2024                    
Equity securities  $307   $-   $- 

 

Other Investments

 

The Company’s investment in Jet.AI stock was sold during the year ended December 31, 2025 for a consideration of $63,000.

 

Other investments as of December 31, 2025 and December 31, 2024 consist of the following (in thousands):

 

 

       
   At December 31, 
   2025   2024 
Jet.AI. common stock  $-   $48 

 

 

OXBRIDGE RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes to Consolidated Financial Statements, Continued

 

4. INVESTMENTS (continued)

 

Assets Measured at Estimated Fair Value on a Recurring Basis

 

The following table presents information about the Company’s financial assets measured at estimated fair value on a recurring basis that is reflected in the consolidated balance sheets at carrying value. The table indicates the fair value hierarchy of the valuation techniques utilized by the Company to determine such fair value as of December 31, 2025 and 2024:

 

   (Level 1)   (Level 2)   (Level 3)   Total 
   Fair Value Measurements Using     
   (Level 1)   (Level 2)   (Level 3)   Total 
As of December 31, 2025  ($ in thousands) 
Financial Assets:                    
Cash and cash equivalents  $268   $-   $-   $268 
                     
Restricted cash and cash equivalents  $6,708   $-   $-   $6,708 
                     
Total  $6,976   $-   $-   $6,976 

 

   (Level 1)   (Level 2)   (Level 3)   Total 
   Fair Value Measurements Using     
   (Level 1)   (Level 2)   (Level 3)   Total 
As of December 31, 2024  ($ in thousands) 
Financial Assets:                    
Cash and cash equivalents  $2,135   $-   $-   $2,135 
                     
Restricted cash and cash equivalents  $3,758   $-   $-   $3,758 
                     
Other investments  $48   $-   $-   $48 
                     
Equity securities  $113   $-   $-   $113 
                     
Total  $6,054   $-   $-   $6,054 

 

Assets Measured at Estimated Fair Value on a Recurring Basis

 

There were no transfers between Levels 1, 2 or 3 during the years ended December 31, 2025 and 2024.

 

The following table provides a reconciliation of changes in fair value of the beginning and ending balances for the other investments classified as Level 3:

 

    For Years ended  
    December 31,  
    2025     2024  
    ($ in thousands)  
Fair value of Level 3 other investments at beginning of year   $ -     $ 285  
Redemption of Series A-1 Convertible Preferred investment     -       (285 )
Fair value of Level 3 other investment at end of year   $ -     $ -  

 

 

OXBRIDGE RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes to Consolidated Financial Statements, Continued