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James River Group Holdings Ltd (JRVR)
NASDAQ:JRVR
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.23Last Year’s EPS
0.18Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: -3.26%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a balance of positive developments, such as strong performance in the E&S segment and successful resolution of the purchase price adjustment, against challenges like declining premiums in the Specialty Admitted segment and increased expenses. While the company shows a focus on profitability and growth, there are areas of concern that need to be addressed.Company Guidance
During the James River Group's Q1 2025 earnings call, the company reported a net income of $0.18 per share from continuing operations and an adjusted net operating income of $0.19 per share. The E&S segment saw significant growth, with new and renewal submissions up 6%, and strong departmental premium growth, including 26% in Environmental and 18% in Manufacturers & Contractors. The E&S segment achieved a combined ratio of 91.5% and an accident year loss ratio of 63.4%. Meanwhile, the Specialty Admitted segment reported a decline in gross written premiums by 21%, with a combined ratio of 102.1%. The company is focused on derisking the portfolio and improving profitability, reflected in a tangible common book value per share increase of 6.6% to $7.11. Additionally, investment income for the quarter was $20 million, with a new money yield in the low to mid-5s and a book yield of around 4.4%. The company is also planning to redomicile to the U.S. to reduce its effective tax rate, expecting an expense reduction of $3 million to $6 million annually.Successful Conclusion of Purchase Price Adjustment
The company concluded the post-close purchase price adjustment process for the former Bermuda Reinsurance segment with a downward adjustment of approximately $500,000, significantly less than the $54 million initially claimed by the purchaser.
Strong E&S Segment Performance
The E&S segment had a combined ratio of 91.5% for Q1 with $11.7 million of underwriting income. The accident year loss ratio improved slightly to 63.4%.
Growth in Tangible Common Book Value
Tangible common book value per share grew by 6.6% to $7.11.
Renewal Rate Increases
The first quarter saw renewal rates up 7.8% in the Process segment, with several divisions experiencing double-digit increases, including Environmental, Energy, and Excess Casualty.
Net Income and Operating Return
Net income from continuing operations was $0.18 per share with an 11.5% adjusted net operating return on tangible common equity.
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JRVR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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JRVR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $4.91 | $4.82 | -1.83% |
Mar 03, 2025 | $4.89 | $3.50 | -28.43% |
Nov 11, 2024 | $6.59 | $4.94 | -25.04% |
Aug 05, 2024 | $7.42 | $7.05 | -4.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does James River Group Holdings Ltd (JRVR) report earnings?
James River Group Holdings Ltd (JRVR) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is James River Group Holdings Ltd (JRVR) earnings time?
James River Group Holdings Ltd (JRVR) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is JRVR EPS forecast?
JRVR EPS forecast for the fiscal quarter 2025 (Q2) is 0.23.
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