Quarterly ResultMay 4, 2026, 04:08 PM
James River Q1 Net Loss $(0.23)/Share; Combined Ratio 104.6%
AI Summary
James River Group Holdings, Inc. reported a net loss from continuing operations of $(10.7) million, or $(0.23) per diluted share, for the first quarter of 2026, compared to a net income of $9.0 million in the prior year. Adjusted net operating income also decreased to $5.8 million, or $0.12 per diluted share. The combined ratio worsened to 104.6%, primarily due to $6.7 million in reinsurance reinstatement premiums related to a single E&S claim. Despite these challenges, the E&S segment saw modest growth in active casualty lines, and general and administrative expenses declined by 10.5%.
Key Highlights
- Net loss from continuing operations was $(10.7) million, or $(0.23) per diluted share.
- Adjusted net operating income was $5.8 million, or $0.12 per diluted share.
- Consolidated combined ratio increased to 104.6% from 99.5% in prior year quarter.
- E&S segment gross written premium was $212.3 million, flat year-over-year.
- Specialty Admitted Insurance gross written premium declined 70.3% to $24.1 million.
- Net investment income increased 6.6% to $21.3 million.
- General and administrative expenses decreased 10.5% year-over-year.
- Cash dividend of $0.01 per common share declared.