James River Group (JRVR) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 11, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.31

Last Year’s EPS

0.17

Same Quarter Last Year

Analyst Consensus

Hold

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 02, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call reflects a clear positive turnaround driven by underwriting discipline, expense reductions, reserve protection and technology investments. Management delivered materially improved profitability (net income vs. prior-year loss), a substantially better combined ratio, strong returns on tangible equity and significant book value growth. Offsetting items include moderated top-line growth (GWP down ~5%), meaningful declines in Property (-27%) and Manufacturers & Contractors (-11%), and continued legacy development that required the use of an adverse development cover. Management emphasized a deliberate trade-off of growth for profitability, expects low- to mid-teens returns on tangible equity in 2026, and highlighted structural and technology initiatives to support future scalable growth. Overall, the positive operational and financial improvements outweigh the headwinds from select product-line declines and market competition.

Company Guidance

Management's guidance for 2026 centers on delivering low‑ to mid‑teens returns on average tangible common equity and an effective tax rate in line with the U.S. statutory rate, driven by profitable top‑line growth enabled by technology (Guidewire completion in 2026 and a Kalepa AI underwriting workbench), disciplined underwriting (refocused appetite toward smaller, higher‑retention accounts, pushing rate in Excess Casualty and parts of General Casualty while selectively relaxing rate to scale other lines), and continued expense vigilance. That outlook builds on 2025 results including a 96.6% full‑year combined ratio (86% E&S in Q4), $54.1M of operating earnings ($0.79 per diluted share), $47.4M of net income ($39.6M to common), a 15.3% operating return on tangible common equity, tangible book value per share up 34% to $8.94, a 30.2% expense ratio, ~4% submission growth, +9% average rate change, ~5% decline in gross written premium (Property -27%, Manufacturers & Contractors -11%), average policy size down 9.6% in Q4 (8.4% for the year), roughly $13M of expense savings (G&A -9%) with headcount down over 60 to 578, investment new‑money yields near 5% versus a 4.5% book yield, and a conservatively positioned portfolio (A+ average rating, 3.5‑year duration); management also cited reserve protection (E&S adverse‑development cover aggregate limit $23M) and the expectation that these actions will create room for profitable scale.

Return to Profitability

Full-year 2025 net income of $47.4M ($39.6M available to common shareholders) versus a net loss of $81.1M in 2024; operating earnings of $54.1M or $0.79 per diluted share for 2025.

Material Combined Ratio Improvement

Full-year combined ratio improved to 96.6% in 2025 from 117.6% in 2024 (21.0 percentage point improvement); Q4 E&S combined ratio of 86% — the company's strongest quarterly profitability in several years.

Strong Returns and Book Value Growth

Annualized operating return on average tangible common equity of 15.3% for 2025 (Q4 annualized return 16.2%); tangible common book value per share grew 34% to $8.94 per share.

Underwriting Performance in E&S

E&S segment generated $59.5M of underwriting income for the year and $19.7M for the quarter; full group underwriting income of $20.3M for the year and $8.6M for the quarter, reflecting better underwriting discipline and portfolio management.

Expense Reduction and Operating Efficiency

Full-year expense ratio lowered to 30.2% (below prior indication of 31%); permanent expense savings of nearly $13.0M and ~9% reduction in G&A; headcount reduced by over 60 to 578 employees, and permanent expense ratio improvement of >1 point year-over-year (quarterly expense ratio down >2.5 points since Q1).

Balance Sheet and Reserve Protection

Maintained reserve protection with a $23.0M aggregate limit on the adverse development cover for E&S (accident years 2010–2023, no retention); ceded $28.6M of development to the cover largely related to product liability (2019–2023), enabling focus on current performance.

Improved Investment Position and Yields on New Money

Quarterly net investment income of $21.0M (slightly down ~$1.0M from prior quarter) with new money yields in the ~5% range vs. current book yield of 4.5%; portfolio average credit rating A+ and duration ~3.5 years, and ~72% of cash & invested assets in fixed income.

Strategic Technology and Structural Initiatives

Completed redomicile to the U.S. (improved tax efficiency and simpler corporate structure) and modernized core systems via Guidewire (implementation to be completed in 2026); announced AI-enabled underwriting partnership with Kalepa to improve underwriting efficiency and consistency.

Positive Market Indicators and Sales Momentum

Submission flow across casualty-focused business grew ~4% in 2025; positive rate change of 9% for the year (consistent with 2024), and targeted opportunities to scale profitable specialties (Allied Health, Professional Liability, Management Liability) and small business initiatives.

James River Group (JRVR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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JRVR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 11, 2026	2026 (Q1)	0.31 / -	0.169	―	―	―
Mar 02, 2026	2025 (Q4)	0.43 / 0.53	-0.99	153.54% (+1.52)		―
Nov 03, 2025	2025 (Q3)	0.23 / 0.32	-0.74	143.24% (+1.06)	―
Aug 04, 2025	2025 (Q2)	0.23 / 0.23	0.18	27.78% (+0.05)
May 05, 2025	2025 (Q1)	0.27 / 0.17	0.366	-53.83% (-0.20)	―
Mar 03, 2025	2024 (Q4)	-0.46 / -0.99	0.33	-400.00% (-1.32)	―
Nov 11, 2024	2024 (Q3)	0.15 / -0.74	0.48	-254.17% (-1.22)
Aug 05, 2024	2024 (Q2)	0.42 / 0.18	0.545	-66.97% (-0.37)	―
May 08, 2024	2024 (Q1)	0.42 / 0.37	0.56	-34.64% (-0.19)	―
Feb 28, 2024	2023 (Q4)	0.47 / 0.33	0.544	-39.34% (-0.21)	―	―

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

JRVR Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 02, 2026	$7.13	$6.67	-6.45%
Nov 03, 2025	$5.16	$5.94	+15.12%
Aug 04, 2025	$5.50	$5.57	+1.27%
May 05, 2025	$4.88	$4.80	-1.64%

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.

FAQ

When does James River Group Holdings Ltd (JRVR) report earnings?

James River Group Holdings Ltd (JRVR) is schdueled to report earning on May 11, 2026, After Close (Confirmed).

What is James River Group Holdings Ltd (JRVR) earnings time?

James River Group Holdings Ltd (JRVR) earnings time is at May 11, 2026, After Close (Confirmed).

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What is JRVR EPS forecast?

JRVR EPS forecast for the fiscal quarter 2026 (Q1) is 0.31.