Revenue during the quarter grew 6.86 percent to $1.64 million from $1.53 million in the previous year period. Net premium earned for the quarter increased 12.09 percent or $0.17 million to $1.55 million.

Benefits, losses and expenses for the quarter were at $0.37 million, or 23.64 percent of premium earned from $0.49 million or 35.34 percent of premium earned in the last year period. Operating income for the quarter was $1.27 million, compared with $1.04 million in the previous year period.

Net investment income was at $0.09 million for the quarter, down 8.51 percent or $0.01 million from year-ago period.

"We are pleased with our results for the first quarter, highlighted by another period of profitable growth for Oxbridge," said company president and chief executive officer, Jay Madhu. "We believe our positive results for the quarter provides further validation of our conservative approach and rigorous underwriting process." "We continue to remain focused on creating shareholder value through the payment of regular quarterly dividends as well as the ongoing repurchase of our common stock."

Total assets stood at $47.48million as on Mar. 31, 2017. On the other hand, total liabilities were at $10.10 million as on Mar. 31, 2017.

Return on assets was at 2.67 percent in the quarter. At the same time, return on equity was at 3.40 percent in the quarter.

Investments stood at $14.37 million as on Mar. 31, 2017. Meanwhile, yield on investments was at 0.60 percent in the quarter.

Shareholders equity was at $37.38 million as on Mar. 31, 2017.