Welcome to our dedicated page for James River Group Holdings news (Ticker: JRVR), a resource for investors and traders seeking the latest updates and insights on James River Group Holdings stock.
James River Group Holdings, Inc. reports developments for a specialty property-casualty insurance holding company focused on U.S. excess and surplus lines and specialty admitted insurance. Its operating updates center on underwriting results, reserve development, segment premiums, investment portfolio performance, adjusted operating income and dividends.
Company news also covers leadership and distribution changes within the Excess and Surplus segment, including excess casualty underwriting, wholesale broker relationships and business-development roles. Historical updates reflect the company's completed domestication from Bermuda to Delaware and legal name change to James River Group Holdings, Inc.
James River Group Holdings, Ltd. (NASDAQ: JRVR) announced the release of its earnings for Q4 2022, scheduled for February 27, 2023, after market close. A conference call will follow on February 28, 2023, at 8:30 a.m. ET, for analysts and investors to discuss the results. The company operates in specialty insurance and reinsurance, with its subsidiaries rated 'A-' (Excellent) by A.M. Best. Interested participants can join the call at (800) 715-9871 or via the company’s website.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of 'a-' (Excellent) for James River Group Holdings, Ltd. (NASDAQ: JRVR) and its subsidiaries, with a stable outlook. The ratings reflect the group's very strong balance sheet strength and adequate operating performance, although recent results have been mixed across segments. The company has enhanced its balance sheet through successful capital raises and loss portfolio transfer transactions. The Long-Term ICR of 'bbb-' (Good) for JRG Holdings has also been affirmed.
James River Group Holdings reported a third quarter 2022 net loss of $7.2 million ($0.19 per share), improved from a loss of $23.9 million in Q3 2021. Adjusted net operating income was $15.5 million ($0.41 per share), reversing a loss from the prior year. The Group combined ratio stood at 94.1%, with a strong E&S segment ratio of 88.2%. Net written premiums rose 20.3%, driven by increased retention and pricing. Despite $5 million in catastrophe losses from Hurricane Ian, net investment income grew 17.7% sequentially. The company declared a cash dividend of $0.05 per share.
James River Group Holdings (NASDAQ: JRVR) announced the election of Peter B. Migliorato to its Board of Directors during the Annual General Meeting. Alongside him, Ollie Sherman, Kirstin Gould, and Michael Oakes were re-elected, maintaining an eight-member board with one observer. J. Adam Abram, the Non-Executive Chairman, expressed optimism about Migliorato's expertise in innovation and strategy within the insurance sector. Previously a partner at Deloitte Consulting, Migliorato has extensive experience in the insurance industry. The company operates in specialty insurance and reinsurance segments.
James River Group Holdings, Ltd. (NASDAQ: JRVR) will announce its earnings for Q3 2022 on November 1, 2022, after market close. A conference call for analysts and investors is scheduled for November 2, 2022, at 8:00 a.m. ET. Investors can join the call by dialing (800) 715-9871, using conference ID 2262462, or by accessing the webcast via the company’s website. James River operates in specialty insurance and reinsurance, boasting an 'A-' (Excellent) rating from A.M. Best for each of its regulated subsidiaries.
James River Group Holdings reported a second quarter 2022 net income of $5.0 million ($0.13 per diluted share), a decline from $20.8 million ($0.60 per diluted share) in Q2 2021. Adjusted net operating income rose to $20.0 million ($0.52 per diluted share) from $18.8 million ($0.54 per diluted share) year-over-year. The Excess and Surplus Lines segment showed strong growth with a 24.6% increase in gross written premium, while overall gross written premium grew by 5% to $399.7 million. The combined ratio for the quarter was 91.0%, with a year-to-date ratio of 94.2%.
James River Group Holdings, Ltd. (NASDAQ: JRVR) will announce its earnings for Q2 2022 on August 1, 2022, after market close. A conference call for discussing these results will take place on August 2, 2022, at 8:30 a.m. ET. Investors can participate by dialing (866) 374-5140 with conference ID 28028506 or via the company's website. James River specializes in property-casualty insurance and reinsurance across three segments: Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance, with each subsidiary rated “A-” (Excellent) by A.M. Best.
James River Group Holdings reported first quarter 2022 net income of $9.3 million ($0.25 per diluted share), reversing a net loss of $103.5 million in Q1 2021. Adjusted net operating income reached $13.9 million ($0.37 per diluted share). The combined ratio was 97.4%, impacted by a loss portfolio transfer. Excess and Surplus Lines, the largest segment, achieved a 12.6% increase in gross written premium. Expense ratio improved to 26.0%. Net investment income rose by 7.8% due to renewable energy investments. A cash dividend of $0.05 per share was declared, payable June 30, 2022.
James River Group Holdings, Ltd. (NASDAQ: JRVR) will release its earnings for Q1 2022 on May 9, 2022, after market close. A conference call for analysts and investors is scheduled for May 10, 2022, at 8:30 a.m. Eastern Time. Investors can join the call by dialing (877) 930-8055 or visiting the company’s website. James River operates in specialty insurance and reinsurance sectors and is rated “A-” (Excellent) by A.M. Best Company.
Fortitude Re, Bermuda’s leading multi-line reinsurer, has finalized a reinsurance agreement with JRG Reinsurance Company, a subsidiary of James River Group Holdings Ltd. (NASDAQ: JRVR). The deal provides JRG Re with up to $400 million in aggregate reinsurance protection for its casualty portfolio, at a premium of $335 million. The transaction is subject to regulatory approval and other customary conditions. Fortitude Re aims to deliver tailored solutions for legacy insurance lines and holds approximately $48 billion in invested assets as of December 31, 2021.