James River Group Holdings, Inc. Schedule 13G discloses that Continental General Insurance Company and affiliated entities together report beneficial ownership of 2,424,813 shares of Common Stock, representing approximately 5.3% of outstanding shares. Shares outstanding were 45,968,584 as of February 27, 2026.
The filing names the reporting group as Continental General Insurance Company (CGIC), Continental Insurance Group, Ltd. (CIG), Continental General Holdings LLC (CGH) and Michael Gorzynski; ownership is reported as shared voting and dispositive power across those entities.
Positive
None.
Negative
None.
Insights
Disclosure shows a modest 5.3% stake held by a related insurance group and an individual.
The schedule lists 2,424,813 shares held with shared voting and dispositive power across CGIC, CIG, CGH and Michael Gorzynski. The filing clarifies chain of ownership and manager relationships among the reporting persons.
Governance implications depend on whether the group acts collectively; subsequent filings would state any coordinated intentions. The schedule attaches a Joint Filing Agreement dated March 24, 2026.
Disclosure provides an ownership snapshot useful for shareholder-register context.
Ownership equals about 5.3% of the company's 45,968,584 shares outstanding as of February 27, 2026. The filing attributes shared voting and dispositive power to the reporting group rather than sole control.
Market impact is typically limited for a ~5% holding; any change in intent or aggregated activity would be visible in future filings.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
James River Group Holdings, Inc.
(Name of Issuer)
Common Stock, par value $0.0002 per share
(Title of Class of Securities)
46990A102
(CUSIP Number)
03/17/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
46990A102
1
Names of Reporting Persons
CONTINENTAL GENERAL INSURANCE CO
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
TEXAS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,424,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,424,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,424,813.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
46990A102
1
Names of Reporting Persons
Continental Insurance Group, Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,424,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,424,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,424,813.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
46990A102
1
Names of Reporting Persons
Continental General Holdings LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
MICHIGAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,424,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,424,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,424,813.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
46990A102
1
Names of Reporting Persons
Gorzynski Michael
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,424,813.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,424,813.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,424,813.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
5.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
James River Group Holdings, Inc.
(b)
Address of issuer's principal executive offices:
1414 RALEIGH ROAD, SUITE 405, CHAPEL HILL, NC, 27517
Item 2.
(a)
Name of person filing:
The names of the persons filing this statement on Schedule 13G (collectively, the "Reporting Persons") are:
Continental General Insurance Company ("CGIC"),
Continental Insurance Group, Ltd. ("CIG"),
Continental General Holdings LLC ("CGH"), and
Michael Gorzynski ("Mr. Gorzynski").
(b)
Address or principal business office or, if none, residence:
The address of the principal office for Mr. Gorzynski is 595 Madison Avenue, 30th Floor, New York, NY 10022. The principal business address for each of CGIC, CIG and CGH is 11001 Lakeline Blvd., Ste. 120, Austin, TX 78717.
(c)
Citizenship:
CGH is a Michigan limited liability company. CIG is a Delaware corporation. CGIC is a Texas domiciled life and health insurance company. Mr. Gorzynski is a citizen of the United States and Poland.
(d)
Title of class of securities:
Common Stock, par value $0.0002 per share
(e)
CUSIP Number(s):
46990A102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
As of the date hereof:
(i) CGIC directly beneficially owned 2,424,813 shares of Common Stock, par value $0.0002 per share, of the Issuer (the "Shares").
(ii) As the sole owner of CGIC, CIG may be deemed to beneficially own the 2,424,813 Shares beneficially owned by CGIC.
(iii) As the sole owner of CIG, CGH may be deemed to beneficially own the 2,424,813 Shares beneficially owned by CGIC.
(iv) As Manager of CGH, Mr. Gorzynski may be deemed to beneficially own the 2,424,813 Shares beneficially owned by CGIC.
(b)
Percent of class:
The following percentages are based on 45,968,584 Shares outstanding as of February 27, 2026, which is the total number of Shares outstanding as reported in the Issuer's Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 3, 2026.
As of the date hereof:
(i) CGIC may be deemed to own approximately 5.3% of the outstanding Shares;
(ii) CIG may be deemed to beneficially own approximately 5.3% of the outstanding Shares;
(iii) CGH may be deemed to beneficially own approximately 5.3% of the outstanding Shares; and
(iv) Mr. Gorzynski may be deemed to beneficially own approximately 5.3% of the outstanding Shares.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Cover Pages Items 5-9.
(ii) Shared power to vote or to direct the vote:
See Cover Pages Items 5-9.
(iii) Sole power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
(iv) Shared power to dispose or to direct the disposition of:
See Cover Pages Items 5-9.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
See Exhibit 99.1.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
CONTINENTAL GENERAL INSURANCE CO
Signature:
/s/ Michael Gorzynski
Name/Title:
Michael Gorzynski, Executive Chairman
Date:
03/24/2026
Continental Insurance Group, Ltd.
Signature:
/s/ Michael Gorzynski
Name/Title:
Michael Gorzynski, Chairman & President
Date:
03/24/2026
Continental General Holdings LLC
Signature:
/s/ Michael Gorzynski
Name/Title:
Michael Gorzynski, Manager
Date:
03/24/2026
Gorzynski Michael
Signature:
/s/ Michael Gorzynski
Name/Title:
Michael Gorzynski
Date:
03/24/2026
Exhibit Information
99.1 - Joint Filing Agreement, dated March 24, 2026.
What stake does Continental General report in JRVR?
They report beneficial ownership of 2,424,813 shares, equating to approximately 5.3% of outstanding shares as of February 27, 2026. The shares are reported with shared voting and dispositive power among the reporting entities.
Who are the reporting persons on the Schedule 13G for JRVR?
The filing lists Continental General Insurance Company, Continental Insurance Group, Ltd., Continental General Holdings LLC, and Michael Gorzynski, with a Joint Filing Agreement dated March 24, 2026.
What is the shares outstanding figure used to calculate the percentage?
The percentage is based on 45,968,584 shares outstanding as of February 27, 2026, per the issuer's referenced Annual Report on Form 10-K filed March 3, 2026. That figure is the denominator for the 5.3% calculation.
Does the Schedule 13G show sole voting control by the filers?
No. The filing reports 0 shares of sole voting power and 2,424,813 shares of shared voting power for the reporting group, indicating shared voting and dispositive authority rather than sole control.
When was the Schedule 13G signed for JRVR?
The schedule includes signatures by Michael Gorzynski dated March 24, 2026, and an attached Joint Filing Agreement dated the same date is referenced as Exhibit 99.1.
