Quarterly ResultAug 10, 2026, 04:12 PM
James River Q2 Net Income $4.4M (+59%); Declares $0.01 Dividend
AI Summary
James River Group Holdings, Inc. reported its second quarter 2026 financial results, with net income available to common shareholders increasing 59% to $4.4 million. Adjusted net operating income for the quarter was $10.0 million. The company's Excess and Surplus Lines segment achieved a strong combined ratio of 92.8%. Additionally, the Board of Directors declared a cash dividend of $0.01 per share, payable on September 30, 2026.
Key Highlights
- Net income available to common shareholders was $4.4 million, a 59% increase year-over-year.
- Adjusted net operating income was $10.0 million, down from $11.7 million in Q2 2025.
- Excess and Surplus Lines (E&S) segment reported a combined ratio of 92.8%.
- Tangible common equity per share increased to $9.01, up 1% from December 31, 2025.
- Board declared a cash dividend of $0.01 per share, payable September 30, 2026.
- Gross written premium decreased 29% to $268.9 million, primarily due to Specialty Admitted Insurance.
- General and administrative expenses declined 7% in Q2 2026 compared to prior year.
Price Impact
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