| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 151.38 | 12.1% |
| Total Income | 151.38 | 12.1% |
| Expenditure | 162.17 | 2.8% |
| PBT | -10.64 | 166.5% |
| Net Profit | -8.92 | 193.2% |
| OPM | — | |
| NPM | -5.89% | 11.45pp |
| EPS | -0.23 | 235.3% |
James River Announces First Quarter 2026 Results
05 May 2026 · 5 May, 1:38 am
Summary
James River Group Holdings, Inc. reported results for the first quarter of 2026. The company's gross written premium was $236.4 million, a decrease of 20% compared to the prior year. Net loss from continuing operations available to common shareholders was $(10,743) thousands, or $(0.23) per diluted share. The company's results were negatively impacted by $6.7 million of reinsurance reinstatement premiums. The Board of Directors declared a cash dividend of $0.01 per share of common stock.
Key Highlights
- 1
James River's Excess and Surplus segment gross written premium was $212.3 million compared to $213.2 million in the prior year quarter.
- 2
General and administrative expenses decreased by 10.5% compared to the prior year quarter.
- 3
Net loss from continuing operations available to common shareholders was $(10,743) thousands, or $(0.23) per diluted share.
- 4
Net investment income increased by 6.6% to $21.3 million compared to $20.0 million in the prior year quarter.
- 5
The company's combined ratio was 104.6%, but would have been 99.7% excluding reinsurance reinstatement premiums.
- 6
Gross written premium totaled $236.4 million, a decrease of 20% compared to $294.361 million in the prior year.
- 7
The Board of Directors declared a cash dividend of $0.01 per share of common stock.
Management Comments
Frank D'Orazio
"During the first quarter, we continued to see strong submission flow and rate opportunities across many casualty and specialty lines and grew our E&S casualty portfolio for the first time in several quarters. Although the reinsurance reinstatement premium impact was an unwelcome result, it was tied predominantly to a single claim prior to our 2023 treaty restructuring, which was specifically designed to mitigate volatility from this dynamic going forward. With a diligent focus on underwriting discipline and expense efficiency, we are excited about the market opportunity ahead of us in 2026."
Informational and educational content only. Not investment advice.