James River Group Holdings Ltd. ( (JRVR) ) has released its Q3 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 in the specialty property-casualty insurance sector, focusing on Excess and Surplus Lines and Specialty Admitted Insurance.
In its third quarter of 2025 earnings report, James River announced a net loss from continuing operations of $0.4 million, a significant improvement from the $40.7 million loss in the same period of 2024. The company also reported an adjusted net operating income of $17.4 million, highlighting a turnaround from the previous year’s loss.
Key highlights from the report include a combined ratio of 94.0%, down from 135.5% in the prior year, and an underwriting income of $8.9 million compared to a loss of $56.8 million. The Excess and Surplus segment showed a combined ratio of 88.3%, and the company noted a 23.4% increase in tangible common equity per share since the end of 2024. The company is also in the process of redomiciling from Bermuda to Delaware, which is expected to bring operational efficiencies.
Despite a decline in gross written premiums by 28% year-over-year, the company managed to achieve a favorable reserve development of $2.6 million. Investment income saw a slight decrease compared to the previous year, but the company maintained a stable investment yield.
Looking forward, James River’s management remains optimistic about capitalizing on market opportunities and driving further profitability, supported by their strategic adjustments and operational efficiencies.