James River Group Holdings

James River Group Holdings Ltd. engages in the ownership and operation of a group of specialty insurance and reinsurance companies. It operates through the following segments: Excess and Surplus Lines, Specialty Admitted Insurance, Casualty Reinsurance, and Corporate and Other. The Excess and Surplus Lines segment offers E&S commercial lines liability and property insurance products. The Specialty Admitted Insurance segment focuses on s workers’ compensation insurance coverage as well as specialty admitted fronting and program business. The Casualty Reinsurance segment deals with commercial liability and non-catastrophe property reinsurance to U.S. insurance companies and to the Company’s U.S.-based insurance subsidiaries. The Corporate and Other segment comprises of management and treasury activities of James River Group, James River UK, and JRG Holdings as well as interest expense associated with senior debt and Junior Subordinated Debt, and investment income from investments classified as other invested assets. The company was founded on May 30, 2007 and is headquartered in Hamilton, Bermuda.

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James River Group Holdings reports Q3 loss, focuses on strategic growth

James River Group Holdings faced challenges with a net loss driven by State National ADC impact and reserve charge, while showcasing strength in the Specialty Admitted segment.
Strategic actions, investments from Enstar Group and Gallatin Point Capital, and operational improvements were key focus areas discussed during the earnings call.
Addressing challenges in the E&S segment's high combined ratio and optimizing underwriting practices present opportunities for future growth and profitability.

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James River Group Holdings Ltd. engages in the ownership and operation of a group of specialty insurance and reinsurance companies. It operates through the following segments: Excess and Surplus Lines, Specialty Admitted Insurance, and Corporate and Other. The Excess and Surplus Lines segment offers E&S commercial lines liability and property insurance products. The Specialty Admitted Insurance segment focuses on s workers’ compensation insurance coverage as well as specialty admitted fronting and program business. The Casualty Reinsurance segment deals with commercial liability and non-catastrophe property reinsurance to U.S. insurance companies and to the Company’s U.S.-based insurance subsidiaries. The Corporate and Other segment comprises of management and treasury activities of James River Group, James River UK, and JRG Holdings as well as interest expense associated with senior debt and Junior Subordinated Debt, and investment income from investments classified as other invested assets. The company was founded on May 30, 2007 and is headquartered in Hamilton, Bermuda.

PEMBROKE, Bermuda, Dec. 23, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced the close of both the adverse development reinsurance agreement and $12.5 million common equity investment with Enstar subsidiary Cavello Bay Reinsurance Limited, as per the terms and agreements previously announced on November 11, 2024.

James River Completes Closing of Adverse Development Cover and Common Equity Investment with Cavello Bay Reinsurance Limited

James River Group Holdings runs different insurance companies, and focuses on underwriting small and middle market casualty risks. James River Group Holdings appears undervalued despite recent negative net income, driven by asset write-downs from the Casualty Reinsurance segment sale and strategic alternatives' exploration. Despite challenges, JRVR's proven business model and conservative EPS forecasts suggest potential for net income growth and stock price recovery.

James River: Exploring Strategic Alternatives, New Partnerships, And Very Cheap

Despite a 40% stock drop and negative earnings, I believe James River Group is undervalued and reiterate a buy rating with a $9 price target. Recent losses are attributed to a one-time $52.2 million excess consideration payment, with management taking steps to de-risk and capitalize on E&S market trends. Major industry players like Gallatin Point and Enstar Group are investing significantly in James River, signaling confidence in its long-term potential.

James River: The Market Has Overreacted

James River Group Holdings, Ltd. (NASDAQ:JRVR ) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET Company Participants Zachary Shytle - IR Frank D'Orazio - CEO Sarah Doran - CFO Conference Call Participants Mark Hughes - Truist Securities Brian Meredith - UBS Meyer Shields - KBW Casey Alexander - Compass Point Research & Trading Operator Thank you for standing by.

James River Group Holdings, Ltd. (JRVR) Q3 2024 Earnings Call Transcript

James River Group (JRVR) came out with a quarterly loss of $0.74 per share versus the Zacks Consensus Estimate of $0.66. This compares to earnings of $0.48 per share a year ago.

James River Group (JRVR) Reports Q3 Loss, Tops Revenue Estimates

PEMBROKE, Bermuda, Nov. 11, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) today reported the following results for the third quarter 2024 as compared to the same period in 20231:

James River Announces Third Quarter 2024 Results, Strategic Actions

PEMBROKE, Bermuda, Oct. 18, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ: JRVR) will release third quarter 2024 earnings after the market closes on Monday, November 11, 2024. It will also host an earnings conference call on Tuesday, November 12, 2024 beginning at 8:30 a.m. (Eastern Time).

James River To Hold Its Third Quarter Earnings Conference Call on Tuesday, November 12, 2024

James River Group Holdings, Ltd. (NASDAQ:JRVR ) Q2 2024 Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Zachary Shytle - IR Frank DOrazio - CEO Sarah Doran - CFO Conference Call Participants Dean Criscitiello - KBW Brian Meredith - UBS Mark Hughes - Truist Securities Operator Thank you for standing by.

James River Group Holdings, Ltd. (JRVR) Q2 2024 Earnings Call Transcript

James River Group (JRVR) came out with quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.53 per share a year ago.

James River Group (JRVR) Misses Q2 Earnings and Revenue Estimates

PEMBROKE, Bermuda, Aug. 05, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. ("James River" or the "Company") (NASDAQ: JRVR) today reported the following results for the second quarter 2024 as compared to the same period in 2023:

James River Announces Second Quarter 2024 Results

James River stock has only increased 9% since buy rating in March 2024, but potential value remains underestimated by the market. The JRG Re sale has lifted burdens, improving profitability and underwriting results, signaling a potential turnaround for James River. E&S market growth remains steady, making James River an attractive investment.

James River Group: Potential Upside Requires Patience

PEMBROKE, Bermuda, July 24, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ: JRVR) will release second quarter 2024 earnings after the market closes on Monday, August 5, 2024. It will also host an earnings conference call on Tuesday, August 6, 2024 beginning at 8:30 a.m. (Eastern Time).

James River To Hold Its Second Quarter Earnings Conference Call on Tuesday, August 6, 2024

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Credit Ratings (ratings) of James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR] (Bermuda) and its subsidiaries remain unchanged following the announcement that its two principal operating subsidiaries have entered into a combined loss portfolio transfer and adverse development cover reinsurance agreement with State National Insurance Company, Inc. (State National). The reinsurance agreement was executed on July 2, 2024, a.

AM Best Comments on Credit Ratings of James River Group Holdings, Ltd. and Its Subsidiaries Following Legacy Reinsurance Agreement with State National Insurance Company, Inc.

PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that Christine LaSala has been appointed to its Board of Directors (the “Board”) as an independent, non-executive member, effective immediately. With the appointment of Ms. LaSala, the Board has increased its size from seven to eight directors. Ms. LaSala was appointed to the Compensation and Human Capital Committee and the Nominating and Corporate Governance Committee.

James River Announces Director Appointment

PEMBROKE, Bermuda, July 09, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that two of its principal operating subsidiaries entered into a combined loss portfolio transfer and adverse development cover reinsurance agreement with State National Insurance Company, Inc. (“State National”).

James River Announces Legacy Reinsurance Agreement with State National Insurance Company

NEW YORK, NY / ACCESSWIRE / June 20, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against James River Group Holdings, Ltd. (NASDAQ:JRVR).

Levi & Korsinsky, LLP Announces $30,000,000 Recovery for James River Group Holdings, Ltd. (JRVR). File Your Claim Before Deadline

NEW YORK, NY / ACCESSWIRE / June 18, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against James River Group Holdings, Ltd. (NASDAQ:JRVR).

$30,000,000 Recovery from James River Group Holdings, Ltd. (JRVR). L&K, LLP Reminds Shareholders to File a Claim Before Deadline

NEW YORK, NY / ACCESSWIRE / June 11, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against James River Group Holdings, Ltd. (NASDAQ: JRVR).

Levi & Korsinsky, LLP Notifies Shareholders of James River Group Holdings, Ltd. (JRVR) on Upcoming Claims Deadline in a Class Action Settlement

NEW YORK, NY / ACCESSWIRE / June 6, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against James River Group Holdings, Ltd. (NASDAQ: JRVR).

James River Group Holdings, Ltd. (JRVR) Shareholders - L&K, LLP Encourages you to File a Claim Against the Settlement Fund Before Deadline

NEW YORK, NY / ACCESSWIRE / May 30, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against James River Group Holdings, Ltd. (NASDAQ: JRVR).

Levi & Korsinsky, LLP Notifies Shareholders of James River Group Holdings, Ltd. (JRVR) an Upcoming Claims Deadline in a Class Action Settlement

James River Group Holdings, Ltd. (NASDAQ:JRVR ) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Brett Shirreffs - IR Frank D'Orazio - CEO Sarah Doran - CFO Conference Call Participants Casey Alexander - Compass Point Mark Hughes - Truist Securities Meyer Shields - KBW Operator Thank you for standing by.

James River Group Holdings, Ltd. (JRVR) Q1 2024 Earnings Call Transcript

James River Group (JRVR) came out with quarterly earnings of $0.39 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.56 per share a year ago.

James River Group (JRVR) Q1 Earnings Match Estimates

PEMBROKE, Bermuda, April 29, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (NASDAQ: JRVR) will release first quarter 2024 earnings after the market closes on Wednesday, May 8, 2024. It will also host an earnings conference call on Thursday, May 9, 2024 beginning at 8:30 a.m. (Eastern Time).

James River To Hold Its First Quarter Earnings Conference Call on Thursday, May 9, 2024

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has withdrawn the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of JRG Reinsurance Company Ltd. (JRG Re) At the time of the withdrawal, the Credit Ratings (ratings) were under review with negative implications. The withdrawal of the ratings previously assigned to JRG Re reflects the close of the transaction in which James River Group Holdings, Ltd. (JRG Holdings) [NASDAQ: JRVR] sold JRG Re to Fleming Inter.

AM Best Withdraws Credit Ratings of JRG Reinsurance Company Ltd.

PEMBROKE, Bermuda, April 16, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that Fleming Intermediate Holdings (“Fleming”) has completed its acquisition of JRG Reinsurance Company, Ltd. (“JRG Re”) at the previously agreed upon terms.

News for James River Group Holdings Stock (JRVR)