James River Group Holdings Ltd. ( (JRVR) ) has released its Q1 earnings. Here is a breakdown of the information James River Group Holdings Ltd. presented to its investors.
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James River Group Holdings, Ltd. is a Bermuda-based insurance holding company that operates a group of specialty insurance companies, primarily in the Excess and Surplus Lines and Specialty Admitted Insurance segments. The company is known for its focus on specialty property-casualty insurance.
In the first quarter of 2025, James River reported a net income from continuing operations of $9.0 million, or $0.18 per diluted share, and an adjusted net operating income of $9.1 million, or $0.19 per diluted share. The company highlighted progress in strengthening its underwriting performance and positioning for long-term profitability.
Key financial metrics showed mixed results, with a combined ratio of 99.5% and a decline in net investment income by 11.6% compared to the previous year. The Excess and Surplus Lines segment maintained stable gross written premiums, while the Specialty Admitted Insurance segment saw a significant decline in gross written premiums by 21.3%. The company also resolved a purchase price adjustment dispute favorably, resulting in a minor adjustment.
Looking ahead, James River’s management remains focused on delivering shareholder value by leveraging the favorable Excess and Surplus underwriting environment and managing expenses closely. The company aims to sustain its profitability and continue its disciplined approach to risk selection.