Welcome to our dedicated page for James River Grou news (Ticker: JRVR), a resource for investors and traders seeking the latest updates and insights on James River Grou stock.
James River Group Holdings Ltd (JRVR) specializes in non-standard insurance solutions through its excess/surplus lines and specialty admitted insurance segments. This news hub provides investors and industry professionals with essential updates about the company's strategic developments and market position.
Access timely press releases and curated analysis covering earnings reports, underwriting initiatives, and regulatory updates. Our collection includes verified information about leadership changes, product expansions, and risk management strategies specific to JRVR's niche insurance markets.
Key updates focus on the company's core operations including commercial E&S lines, fronting arrangements in specialty insurance, and corporate financial management. Stay informed about how JRVR addresses complex risks through its specialized underwriting expertise.
Bookmark this page for direct access to primary source materials and objective reporting about one of the specialty insurance sector's key players. Regularly updated content helps stakeholders track performance indicators and industry-specific developments.
James River Group Holdings (NASDAQ: JRVR) has announced its upcoming first quarter 2025 earnings release schedule. The company will disclose its Q1 2025 financial results after market hours on Monday, May 5, 2025.
A conference call to discuss the results is scheduled for Tuesday, May 6, 2025 at 8:00 a.m. Eastern Time. Investors can participate by dialing (800) 715-9871 with conference ID 8501569, or by accessing the investor website at https://investors.jrvrgroup.com. A replay of the call will be made available on the same platform.
James River Group Holdings (NASDAQ: JRVR) has announced the appointment of Bob Zimardo as Senior Vice President, Investments and Investor Relations, effective April 16, 2025. Reporting to CFO Sarah Doran, Zimardo will oversee the company's investments and investor relations activities.
Zimardo brings over 20 years of experience in asset management, investor relations, and corporate operations across private and public global markets. His most recent role was Partner, Investor Relations and Operations at International Farming, a multi-billion dollar farmland investment platform. Previously, he served as Director of Client Services at Halcyon Capital Management (now Bardin Hill Investment Partners), managing private market investment relationships.
James River Group Holdings (NASDAQ: JRVR) faces shareholder criticism over the Board's recent decision to award approximately $2.115 million in discretionary management bonuses for the 2024 performance period. Gregory and Scott Fortunoff, who hold nearly 2% of JRVR's outstanding shares, expressed shock at this decision given the company's significant underperformance.
The shareholders highlighted that JRVR's stock price has declined approximately 59% over the past year, while book value dropped about 30%. In 2024, the company reduced its annual cash dividend from $0.20 to $0.05 per share due to deteriorating financial results. The letter criticizes the Board, noting that except for Matthew Botein, they collectively own less than 0.5% of outstanding shares, while receiving approximately $1.331 million in group compensation.
The Fortunoffs propose that any bonuses should be awarded in stock options rather than cash, and unused portions should be distributed to shareholders as a special dividend. They threaten further action if the Board fails to prioritize capital preservation and shareholder interests.
James River Group (NASDAQ: JRVR) reported a challenging fourth quarter 2024, with a net loss from continuing operations of $92.7 million ($2.25 per diluted share) and adjusted net operating loss of $40.8 million ($0.99 per diluted share). The decline was primarily due to a $52.8 million payment for an E&S adverse development reinsurance contract with Cavello Bay Reinsurance.
Key highlights for 2024 include: E&S segment gross written premium exceeded $1.0 billion for second consecutive year, positive renewal rate change of 9.0%, and net investment income increased 10.8% compared to 2023. The company completed strategic actions including the sale of JRG Reinsurance Company, a $160 million loss portfolio transfer, and a new partnership with Enstar involving a $12.5 million equity investment.
Shareholders' equity per share decreased to $10.10 from $14.02 in Q3 2024. The company announced a $0.01 per common share dividend payable March 31, 2025.
James River Group Holdings (NASDAQ: JRVR) has announced its upcoming fourth quarter 2024 earnings release schedule. The company will disclose its Q4 2024 financial results after market close on Monday, March 3, 2025. A conference call to discuss the results is scheduled for Tuesday, March 4, 2025, at 8:30 a.m. Eastern Time.
Investors and interested parties can access the conference call by dialing (800) 715-9871 with conference ID 6424000, or through the company's investor website at https://investors.jrvrgroup.com. A replay of the call will be made available at the same location.
James River Group Holdings (NASDAQ: JRVR) has successfully completed two significant transactions with Cavello Bay Reinsurance , a subsidiary of Enstar, as announced on December 23, 2024. The transactions include the closing of an adverse development reinsurance agreement and a $12.5 million common equity investment. These arrangements were executed according to the terms previously disclosed on November 11, 2024.
James River Group Holdings (NASDAQ: JRVR) reported a net loss from continuing operations of $40.7 million ($1.07 per diluted share) in Q3 2024, compared to net income of $21.1 million in Q3 2023. The loss was primarily due to a $52.2 million excess consideration paid for E&S combined loss portfolio transfer and $19.2 million of additional adverse development. The E&S segment showed 6% premium growth with 8.6% renewal rate increase. The company announced strategic partnerships with Enstar Group, including a $12.5 million investment at $6.40 per share, and amended convertible preferred shares with Gallatin Point Capital. The company plans to redomicile to the United States in 2025.
James River Group Holdings, (NASDAQ: JRVR) has announced its schedule for the release of third quarter 2024 earnings. The company will disclose its financial results after the market closes on Monday, November 11, 2024. Following this, James River will host an earnings conference call on Tuesday, November 12, 2024, starting at 8:30 a.m. Eastern Time.
Interested parties can access the conference call by dialing (800) 715-9871 with the conference ID 6261499. Alternatively, the call can be accessed through the company's investor website at https://investors.jrvrgroup.com. For those unable to attend the live call, a replay will be made available on the same website.
James River Group Holdings, (NASDAQ: JRVR) reported second quarter 2024 results. Key highlights include:
- Net income from continuing operations of $11.9 million ($0.31 per diluted share)
- Adjusted net operating income of $12.7 million ($0.33 per diluted share)
- Group combined ratio of 99.3%
- E&S segment combined ratio of 95.4% with 9.1% positive renewal rate change
- Specialty Admitted Insurance segment combined ratio of 85.0%
- Net investment income increased 36.7% year-over-year
- Shareholders' equity per share increased 0.8% to $14.32
The company continues to focus on de-risking and generating attractive returns on capital. The Board of Directors is exploring strategic alternatives for the company.
James River Group Holdings, (NASDAQ: JRVR) has announced its schedule for the release of second quarter 2024 earnings. The company will disclose its financial results after the market closes on Monday, August 5, 2024. Following this, James River will host an earnings conference call on Tuesday, August 6, 2024, starting at 8:30 a.m. Eastern Time.
Interested parties can access the conference call by dialing (800) 715-9871 with the conference ID 8370409. Alternatively, the call can be accessed through the company's investor website at https://investors.jrvrgroup.com. For those unable to attend the live call, a replay will be made available on the same website.
