James River Group Q1 Net Loss $(10.89)M; Basic EPS $(0.23)
James River Group Holdings, Inc. reported a net loss available to common shareholders of $(10.89) million for the first quarter of 2026, a decline from a net income of $7.61 million in the prior year's quarter. Basic net loss per common share was $(0.23). The company saw a decrease in gross written premiums to $236.37 million and net earned premiums to $135.71 million, while losses and loss adjustment expenses increased. However, net cash used in operating activities significantly improved to $(0.68) million from $(51.47) million year-over-year. The company also noted its domestication from Bermuda to Delaware, completed in November 2025, and the continued reporting of its JRG Re sale as discontinued operations.
Key Highlights
- Net loss available to common shareholders was $(10.89) million in Q1 2026, compared to net income of $7.61 million in Q1 2025.
- Basic net loss per common share was $(0.23) in Q1 2026, compared to basic net income per common share of $0.17 in Q1 2025.
- Gross written premiums decreased to $236.37 million in Q1 2026 from $294.36 million in Q1 2025.
- Net earned premiums were $135.71 million in Q1 2026, down from $151.90 million in Q1 2025.
- Losses and loss adjustment expenses increased to $108.16 million in Q1 2026 from $99.53 million in Q1 2025.
- Net cash used in operating activities significantly improved to $(0.68) million in Q1 2026 from $(51.47) million in Q1 2025.
- Total assets decreased to $4.76 billion at March 31, 2026, from $4.86 billion at December 31, 2025.
- The company completed its domestication from Bermuda to Delaware on November 7, 2025.
Price Impact
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