NASDAQ$JRVR

James River Group Holdings Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

James River Group Holdings Inc reported net income of $4.8 million and a combined ratio of 98.6% for Q2 2025.

The company generated total revenues of $174.8 million driven by $152.6 million in net earned premiums and $20.5 million in net investment income. The Excess and Surplus Lines segment contributed the majority of earnings with an underwriting profit, while the consolidated combined ratio improved to 98.6%. Adjusted net operating return on tangible common equity reached 14.0%.

  • Consolidated combined ratio of 98.6% with loss ratio at 68.1% and expense ratio at 30.5%.
  • Net income from continuing operations of $5.1 million and basic EPS of $0.06.
  • Excess and Surplus Lines net earned premiums of $141.4 million; Specialty Admitted Insurance $11.2 million.
  • Adjusted net operating ROE of 14.0% on tangible common equity.

Headline financials

Total Revenue

$175M

Previous: $188M-7.1%
EPS (adj)

$0.06

Previous: $0.13-53.8%
Combined Ratio

98.6%

Previous: 99.3%-0.7%
Expense Ratio

30.5%

Previous: 26.3%+16.0%
Loss Ratio

68.1%

Previous: 73.0%-6.7%
Net Investment Income

$20.5M

Previous: $24.9M-17.7%
Adj. Net Op. ROE

14.0%

No prior period
Capital Expenditures

-$1.68M

Previous: -$1.33M-26.4%
Net Income

$4.76M

Previous: $7.63M-37.6%
Operating Income

-$39.5M

Previous: -$10.5M-276.6%

Revenue & EPS history

James River · Revenue · Quarterly

$175M

Q2 2025-7.1%vs Q2 2024
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

James River · $153M total across 2 segments · Q2 2025

  • Excess and Surplus Lines
    $141M
  • Specialty Admitted Insurance
    $11.2M

Forward guidance

Forward-looking statements highlight risks including reserve uncertainty, rating downgrades, and economic factors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-3.3%

Avg return

Earnings day

-5.5%

Avg return

5 days after

-6.3%

Avg return

30 days after

24%

12 / 49 earnings

Positive

+14.7%

Q3 2025

Best reaction

-28.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025
Q1 2026-23.6%-32.3%-35.7%
Q4 2025-6.5%-9.3%-14.2%
Q3 2025+14.7%+6.6%+15.3%
Q1 2025-1.2%-5.1%+19.3%
Q4 2024-28.4%-16.9%-17.6%
Q3 2024-24.3%-29.3%-30.4%
Q2 2024-8.3%-6.4%-11.4%
Q1 2024-7.9%-6.8%-12.5%
Q4 2023-5.6%-6.7%-12.1%
Q3 2023-6.5%-34.4%-37.3%
Q2 2023-8.1%-9.2%-17.8%
Q1 2023+4.4%+6.6%-2.8%
Q4 2022+8.7%+10.2%-6.6%
Q3 2022-5.3%-9.2%-4.5%
Q2 2022-1.3%+2.3%+0.0%
Q1 2022+6.6%+13.0%+12.3%
Q4 2021-19.3%-21.8%-8.6%
Q3 2021-2.0%-3.9%-20.0%
Q2 2021+4.5%+5.6%-0.5%
Q1 2021-27.6%-26.0%-24.3%
Q4 2020-1.9%-5.9%-7.1%
Q3 2020-4.4%-9.2%-9.9%
Q2 2020+2.0%+1.0%+6.2%
Q1 2020-3.5%-7.8%+5.2%
Q4 2019+5.9%+3.2%-33.6%
Q3 2019-1.3%-1.0%+14.5%
Q2 2019-2.1%-1.4%+2.9%
Q1 2019+3.0%+8.9%+5.6%
Q4 2018-3.0%-2.5%-5.5%
Q3 2018-3.8%-9.6%-3.7%
Q2 2018-0.2%-3.2%-1.1%
Q1 2018+5.3%+4.3%+6.8%
Q4 2017-13.2%-15.8%-14.0%
Q3 2017-2.7%-1.9%-4.1%
Q2 2017-0.6%-0.2%-0.7%
Q1 2017-1.7%-5.2%-9.1%
Q4 2016+4.8%+4.1%-2.2%
Q3 2016-2.0%-1.6%+3.8%
Q2 2016+0.8%+3.8%+9.8%
Q1 2016+5.5%
Q4 2013-0.6%
Q4 2015-5.7%
Q3 2014-2.2%
Q3 2015-2.2%
Q2 2014-0.4%
Q2 2015-0.4%
Q1 2014-0.5%
Q1 2015-0.5%
Q4 2014-0.5%
Q3 2013
Q2 2013
Q1 2013

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro