James River (JRVR)

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James River (JRVR) - 2025 Q1 - Quarterly Report
2025-05-06 20:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended March 31, 2025 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from _______ to _______ Commission File Number: 001-36777 JAMES RIVER GROUP HOLDINGS, LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0585280 (State or ...
James River (JRVR) - 2025 Q1 - Earnings Call Transcript
2025-05-06 13:02
James River Group Holdings (JRVR) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Frank D'Orazio - Director & CEOSarah Doran - Group CFOMatt Carletti - Managing Director Conference Call Participants Zachary Shytle - Senior Analyst - IR & InvestmentsMark Hughes - AnalystCasey Alexander - Senior Vice President & Research Analyst Operator Good morning, and welcome to the James River Group Quarter one twenty twenty five Earnings Call. I am Frans, and I'll be the operator assisting you today. ...
James River (JRVR) - 2025 Q1 - Earnings Call Transcript
2025-05-06 12:00
James River Group Holdings (JRVR) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Good morning, and welcome to the James River Group Quarter one twenty twenty five Earnings Call. I am Frans, and I'll be the operator assisting you today. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the call over to Zachary Scheitel with Investor Relations. Please go ahead. Speaker1 Good ...
James River (JRVR) - 2025 Q1 - Quarterly Results
2025-05-05 20:05
Exhibit 99.1 JAMES RIVER ANNOUNCES FIRST QUARTER 2025 RESULTS Pembroke, Bermuda, May 5, 2025 - James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) reported net income from continuing operations available to common shareholders of $9.0 million ($0.18 per diluted share) and adjusted net operating income of $9.1 million ($0.19 per diluted share) for the first quarter of 2025. 1 | | Three Months Ended | | | | Three Months Ended | | | | | --- | --- | --- | --- | --- | --- | --- | --- ...
James River Announces Excess and Surplus Lines Leadership Retirement and Succession Plan
GlobeNewswire· 2025-05-05 20:05
Richard Schmitzer to Retire as President and Chief Executive Officer, Excess and Surplus Lines; Todd Sutherland Will Succeed Him as President, Excess and Surplus Lines, Effective May 5, 2025PEMBROKE, Bermuda, May 05, 2025 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) announced today its plans for Todd Sutherland, current Senior Vice President, Management Liability within the Company’s Excess and Surplus Lines (“E&S”) segment, to succeed Richard Schmitze ...
James River Announces First Quarter 2025 Results
GlobeNewswire· 2025-05-05 20:05
PEMBROKE, Bermuda, May 05, 2025 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) reported net income from continuing operations available to common shareholders of $9.0 million ($0.18 per diluted share) and adjusted net operating income1 of $9.1 million ($0.19 per diluted share) for the first quarter of 2025. Three Months EndedMarch 31, Three Months EndedMarch 31,($ in thousands, except for share data) 2025 per diluted share 2024 per dilutedshareNet in ...
James River to Hold Its First Quarter Earnings Conference Call on Tuesday, May 6, 2025
Newsfilter· 2025-04-18 20:00
Group 1 - James River Group Holdings, Ltd. will release its first quarter 2025 earnings on May 5, 2025, after market close [1] - An earnings conference call is scheduled for May 6, 2025, at 8:00 a.m. Eastern Time, accessible via phone or the investor website [1] - The company operates as a Bermuda-based insurance holding company with a focus on specialty insurance [2] Group 2 - James River Group Holdings, Ltd. owns and operates a group of specialty insurance companies in two segments: Excess and Surplus Lines and Specialty Admitted Insurance [2] - All of the company's regulated insurance subsidiaries are rated "A-" (Excellent) by A.M. Best Company [2]
James River Announces Appointment of Senior Vice President, Investments and Investor Relations
GlobeNewswire· 2025-04-16 20:05
PEMBROKE, Bermuda, April 16, 2025 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that Bob Zimardo has been appointed Senior Vice President, Investments and Investor Relations, effective April 16, 2025. He will report directly to Sarah Doran, Chief Financial Officer of the Company. As Senior Vice President, Investments and Investor Relations, Mr. Zimardo will be responsible for investments and investor relations activity. He brings over 2 ...
James River (JRVR) - 2024 Q4 - Earnings Call Presentation
2025-03-26 17:27
Market and Industry Data This presentation includes market and industry data, forecasts and projections. We have obtained certain market and industry data from publicly available industry publications. These sources generally state that the information they provide has been obtained from sources believed to be reliable, but that the accuracy and completeness of the information are not guaranteed. The forecasts and projections are based on historical market data, and there is no assurance that any of the for ...
LARGE SHAREHOLDER ADDRESSES JAMES RIVER GROUP BOARD FOLLOWING DISCRETIONARY MANAGEMENT PERFORMANCE BONUSES
Prnewswire· 2025-03-14 13:00
Core Viewpoint - The shareholders of James River Group Holdings, Ltd. express strong discontent regarding the Board's decision to increase cash incentive awards for management despite the company's significant underperformance, including a 59% decline in share price and a 30% drop in book value over the past year [2][3]. Group 1: Shareholder Concerns - Shareholders, holding nearly 2% of the company's outstanding shares, are shocked by the Board's announcement of discretionary bonuses totaling approximately $2,115,000 for the 2024 performance period [2][3]. - The shareholders argue that bonuses should only be granted for outperformance and excellence, which they believe is absent given the company's declining stock price and book value [3][4]. Group 2: Financial Performance and Dividend Policy - In 2024, the company reduced its annual cash dividend from $0.20 per share to $0.05 per share to improve its financial situation, raising concerns about the appropriateness of management bonuses equating to the reduced dividend [4]. - The shareholders emphasize that management should prioritize maximizing shareholder value rather than enriching themselves at the shareholders' expense, especially in light of the company's poor performance [4][5]. Group 3: Board Accountability - The majority of the Board owns less than 0.5% of the company's outstanding shares, with most shares received as compensation rather than purchased, leading to questions about their incentive to improve company performance [5]. - The shareholders request an explanation from the Board regarding their decision to reward management despite the company's underperformance and suggest that any bonuses should be in the form of incentive stock options tied to performance metrics [6][7]. Group 4: Future Actions - The shareholders expect a prompt response from the Board and a commitment to prioritize capital preservation, indicating readiness to take further steps to hold the Board accountable [8].