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 June 30, 2026, Oxbridge Reinsurance Limited’s net worth of $60,000 exceeded the minimum and prescribed capital requirement. For the six-month periods ended June 30, 2026 and 2025, Oxbridge Reinsurance Limited’s net income was approximately $8,000 and $24,000, respectively.

At June 30, 2026, the Oxbridge Re NS’ net worth of $682,000 exceeded the minimum and prescribed capital requirement. For the six-month periods ended June 30, 2026 and 2025 the Oxbridge Re NS’ net income was approximately $108,000 and $79,000, 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 (loss) income, and its statutory capital, surplus and net (loss) income as of June 30, 2026 or for the period then ended.

OXBRIDGE RE HOLDINGS LIMITED AND SUBSIDIARIES

Notes to Consolidated Financial Statements (unaudited)

June 30, 2026