James River Group Holdings, Inc. Q2 FY26 Results

Summary

James River Group Holdings, Inc. reported a 59% increase in net income available to common shareholders to $4.4 million for the second quarter of 2026. The company saw a significant reduction in Specialty Admitted Insurance gross written premiums as it strategically shifted focus to the Excess and Surplus Lines segment, which maintained a combined ratio of 92.8%. General and administrative expenses were reduced by 9% in the first half of the year, reflecting ongoing efficiency efforts. Management highlighted progress in executing key priorities, focusing on disciplined risk selection and expense management.

Key Highlights

1. 1

   Net income available to common shareholders was $4.4 million for the second quarter of 2026, representing a 59% increase compared to the prior year quarter.

2. 2

   The Excess and Surplus Lines combined ratio was 92.8%, with an expense ratio of 27.4% and a loss ratio of 65.4% for the second quarter of 2026.

3. 3

   General and administrative expenses decreased by 9% in the first half of 2026 compared to the first half of 2025, with notable reductions in the Specialty Admitted and Corporate segments.

4. 4

   Specialty Admitted Insurance segment gross written premium declined by 76% in the second quarter of 2026 compared to the prior year, as the Company deliberately reduced its exposure to fronting business.

5. 5

   Premium retention across the group increased to 55% in the second quarter of 2026, up from 47% in the prior year quarter.

6. 6

   Net investment income for the second quarter of 2026 was $20.3 million, largely flat compared to $20.5 million in the prior year quarter.