Earnings summaries and quarterly performance for James River Group Holdings.
Executive leadership at James River Group Holdings.
Board of directors at James River Group Holdings.
Research analysts who have asked questions during James River Group Holdings earnings calls.
CA
Casey Alexander
Compass Point Research & Trading, LLC
3 questions for JRVR
Also covers: ARCC, BBDC, BXSL +14 more
MH
Mark Hughes
Truist Securities
3 questions for JRVR
Also covers: AIZ, AJG, AMBC +41 more
Brian Meredith
UBS
2 questions for JRVR
Also covers: ACGL, AIG, AIZ +17 more
Meyer Shields
Keefe, Bruyette & Woods
2 questions for JRVR
Also covers: ACGL, AFG, AIG +24 more
Matthew Carletti
Citizens JMP Securities
1 question for JRVR
Also covers: AII, AMSF, BOW +11 more
Recent press releases and 8-K filings for JRVR.
James River Group Holdings, Inc. Reports Q3 2025 Results and Announces Leadership Appointments
JRVR
Earnings
Management Change
- James River Group Holdings, Inc. reported Adjusted Net Operating Income of $17.4 Million and an Annualized Adjusted Net Operating Return on Tangible Common Equity of 19.3% for Q3 2025.
- The company achieved an E&S Combined Ratio of 88.3% and a Group Expense Ratio of 28.3% in Q3 2025, with 18% expense savings quarter over quarter.
- The E&S segment experienced strong market conditions with YTD renewal rate changes of +10% overall, +11% for Casualty, and +19% for Excess Casualty, alongside a +5% YTD submission growth.
- Recent leadership appointments were announced in 2H 2025, including Joel Cavaness to the Board of Directors, Val Langenburg as Chief Information Officer, Justin Zaharris as Group Chief Claims Officer, and Lisa Binnie as President of Falls Lake, following the completion of the redomicile to the U.S..
Nov 12, 2025, 10:28 PM
James River Group Holdings Completes Domestication to Delaware and Details Preferred Share Exchange
JRVR
- James River Group Holdings, Ltd. completed its domestication from Bermuda to Delaware, changing its legal name to James River Group Holdings, Inc., effective November 7, 2025.
- As a result of the domestication, the company adopted a new certificate of incorporation and by-laws, which now govern the rights of common stockholders.
- The common stock will continue to be listed for trading on the NASDAQ Global Select Market under the symbol JRVR, and its CUSIP number changed to 46990A 102.
- The Board and holders of the 7% Series A Perpetual Cumulative Convertible Preferred Shares approved an amendment to the preferred share designations, which included an exchange of 37,500 Series A Preferred Shares for 5,859,375 Common Shares that was to occur on or before November 11, 2024.
Nov 7, 2025, 9:40 PM
JRVR Reports Strong Q3 2025 Financial Performance and Announces Redomicile Benefits
JRVR
Earnings
Guidance Update
Layoffs
- James River Group (JRVR) reported an annualized adjusted net operating return on tangible common equity of 19.3% and $0.32 per share of adjusted net operating income for Q3 2025.
- The company achieved a group combined ratio of 94%, a significant improvement from 135.5% in Q3 2024, driven by a reduced expense ratio of 28.3%.
- Tangible common book value per share increased 23.4% year to date to $8.24.
- A planned redomicile from Bermuda to Delaware, expected to be complete by November 7th, is projected to result in $10 million-$13 million in one-time tax savings in Q4 2025 and $3 million-$6 million in ongoing quarterly expense savings.
- In the E&S segment, gross written premiums declined 8.9%, but net earned premium grew 1%, contributing to $16.4 million in underwriting income and an 88.3% combined ratio. An annual reserve review led to a $51 million charge for accident years 2022 and prior, ceded to legacy covers, with no adverse development for 2023 onwards.
Nov 4, 2025, 2:00 PM
James River Group Reports Strong Q3 2025 Results and Expense Reductions
JRVR
Earnings
Guidance Update
Layoffs
- James River Group reported strong Q3 2025 financial results, including an annualized adjusted net operating return on tangible common equity of 19.3% and $0.32 per share of adjusted net operating income. The group combined ratio improved significantly to 94%, down from 135.5% in 2024, with a 28.3% expense ratio.
- The company's strategic focus on efficiency led to $8 million in year-to-date savings from headcount and professional fee reductions, reducing full-time employees from 640 to 590 by the end of Q3. Its planned redomicile to Delaware by November 7 is anticipated to provide $10-13 million in one-time tax savings and $3-6 million in ongoing quarterly expense savings.
- The E&S segment delivered $16.4 million in underwriting income and an 88.3% combined ratio, with net earned premium growing 1% despite an 8.9% decline in gross written premiums. An annual review resulted in a $51 million charge for accident years 2022 and prior, ceded to legacy covers, but no adverse development was noted for 2023 through the current accident year.
Nov 4, 2025, 2:00 PM
James River Group Holdings Reports Improved Q3 2025 Profitability Amid Premium Declines
JRVR
Earnings
Demand Weakening
- James River Group Holdings Ltd. reported an improved combined ratio of 94% in Q3 2025, down from 135.5% the previous year, and achieved a strong annualized adjusted net operating return on tangible common equity of 19.3%.
- Despite a 28% decline in gross written premiums and a 7% drop in net earned premiums, underwriting income improved to $8.9 million from a prior loss, and adjusted net operating income rose to $17.4 million.
- The company's quarterly earnings per share of $0.32 exceeded the Zacks Consensus Estimate of $0.26, representing a 23.08% earnings surprise.
- Challenges included a $51 million charge related to accident year 2022 and prior, and a 73% fall in the Specialty Admitted Insurance segment's gross written premiums due to a significant reduction in commercial auto exposure.
Nov 3, 2025, 10:37 PM
James River Group Holdings, Ltd. Announces Third Quarter 2025 Results
JRVR
Earnings
Dividends
- James River Group Holdings, Ltd. reported an adjusted net operating income of $17.4 million, or $0.32 per diluted share, for the third quarter of 2025, a significant improvement from a loss of ($28.2 million), or ($0.74) per diluted share, in the prior year quarter.
- The company's consolidated combined ratio improved to 94.0% in Q3 2025, down from 135.5% in the prior year quarter, with the Excess and Surplus (E&S) segment achieving a combined ratio of 88.3%.
- Tangible common equity per share increased by 23.4% since December 31, 2024, reaching $8.24 as of September 30, 2025.
- Gross written premium for the third quarter of 2025 was $237.3 million, a decrease from $330.4 million in the same period last year.
Nov 3, 2025, 9:05 PM
James River Group Reports Q4 2024 Net Loss and Strategic Transformations
JRVR
Earnings
Guidance Update
Board Change
- James River Group reported a net loss from continuing operations of $92.7 million or $2.25 per share for Q4 2024, largely attributed to a $52.8 million payment for a top-up adverse development cover and a $27 million deemed dividend.
- The company completed significant strategic transformations in 2024, including the divestiture of its Bermuda reinsurance operation and two legacy reinsurance transactions, which strengthened its balance sheet and provided $116.2 million in remaining reserve cover for 2010-2023 E&S accident years.
- The E&S segment achieved a 2024 accident-year combined ratio of 91.8% (or 89.3% excluding legacy structure purchases) and experienced a 9% positive renewal rate change.
- For 2025, James River Group anticipates generating a mid-teen operating return on tangible common equity.
- Ali Sherman will retire from the board at the end of April, with Christine Lasala elected as the new non-executive chairperson.
Mar 4, 2025, 1:30 PM
James River Group Reports Q4 2024 Results and Strategic Transformations
JRVR
Earnings
Guidance Update
M&A
- James River Group reported an adjusted net operating loss of $40.8 million, or $0.99 per share, and a net loss from continuing operations of $92.7 million, or $2.25 per share, for Q4 2024, largely attributed to a $52.8 million payment for adverse development cover and a $27 million deemed dividend.
- The company completed several transformative actions in 2024, including the divestiture of its Bermuda reinsurance operation, two legacy reinsurance transactions, and the sale of 12.5 million common stock to Enstar, aiming to de-risk the balance sheet and focus on its E&S franchise.
- For 2024, the E&S segment's accident-year combined ratio was 91.8%, which would have been 89.3% excluding legacy structure purchases. The group's accident-year combined ratio, absent retroactive structures, would have been 94.9%.
- The investment portfolio generated $93.1 million in net investment income from continuing operations in 2024, an 10.8% increase over 2023.
- Looking ahead to 2025, the company expects to generate a mid-teen operating return on tangible common equity.
Mar 4, 2025, 1:30 PM
Quarterly earnings call transcripts for James River Group Holdings.
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