James River Group Holdings, Ltd
5.15+0.00 (+0%)
Oct 30, 4:00:02 PM EDT · NasdaqGS · JRVR · USD
Key Stats
Market Cap
236.50MP/E (TTM)
-Basic EPS (TTM)
-3.20Dividend Yield
0.02%Recent Filings
8-K
Shareholders approve equity plan expansions
James River Group Holdings shareholders approved amendments at the October 23, 2025 annual meeting, boosting the 2014 Long-Term Incentive Plan by 1,650,000 common shares to a total of 7,157,650 and the Non-Employee Director Plan by 225,000 to 475,000. All eight directors were re-elected with strong majorities, Ernst & Young reappointed as auditors, and 2024 executive pay approved on an advisory basis—though director plan support dipped below 50%. This expands equity award capacity. Shareholders greenlit both plans.
8-K
CEO retirement and successor named
James River Group Holdings announced on August 26, 2025, that William K. Bowman, President and CEO of its Specialty Admitted segment, will retire on September 30, 2025. Lisa Binnie steps in as successor starting September 1, enabling a smooth handover. Leadership continuity bolsters the segment's stability amid ongoing operations.
8-K
Schmitzer's transition to SVP role
James River Group Holdings amended the employment agreement of Richard Schmitzer, former CEO of its Excess & Surplus Lines segment, effective August 11, 2025, transitioning him to Senior Vice President, Underwriting with a $300,000 annual salary through his retirement on October 15, 2025. He will work 30 hours weekly, aiding the new president while easing the leadership handover. This short-term arrangement ensures smooth operations. Severance is limited to prorated pay if terminated without cause.
8-K
Q2 E&S growth surges
James River Group Holdings released its Q2 2025 investor presentation, highlighting robust E&S growth with gross written premium hitting a $300 million milestone, up 3% year-over-year, and a combined ratio of 91.7% amid 14% renewal rates. Underwriting discipline stabilized accident year loss ratios at 63.5%, while claims counts dropped 14% after 30 months, signaling early portfolio improvements. Momentum builds. Adjusted net operating income reached $11.7 million, bolstered by a strong balance sheet and planned U.S. redomicile for tax efficiencies, though retroactive reinsurance impacts persist.
10-Q
Q2 FY2025 results
James River Group Holdings delivered steady Q2 FY2025 results, with net earned premiums dipping 6.5% y/y to $152.6M amid selective underwriting, yet underwriting profit climbed 69% y/y to $2.1M on a 98.6% combined ratio—better than last year's 99.3%—thanks to milder $3.0M adverse reserve development (derived) versus $10.7M prior, and a sharper 64.9% accident-year loss ratio. Gross written premiums fell 8.3% y/y to $378.0M, driven by 35% drop in Specialty Admitted fronting, while Excess and Surplus Lines grew 2.6% y/y; net investment income slid 17.7% y/y to $20.5M on lower assets post-reinsurance deals. Cash equivalents stood at $220.0M with $210.8M drawn on the $212.5M revolver (SOFR plus margin, matures 2028), total debt $329.9M; the April 2024 JRG Re sale closed with a $0.5M post-closing adjustment. Litigation risk lingers from the Fleming dispute over the sale.
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