James River Group disclosed that it will return to profitability in 2025 due to improved underwriting performance, with net profit available to common shareholders of US$39.6 million, compared with a loss of US$118.3 million a year ago.
The company’s gross written premiums (GWP) in 2025 will total $1.17 billion, down from $1.43 billion in 2024, reflecting lower overall revenue volumes.
At the same time, net written premiums fell slightly to $568.8 million in 2025 from $580.9 million the previous year, and net premiums earned were basically stable at $600.3 million, compared with $600.2 million in 2024.
James River expects total revenue in 2025 of $687.6 million, down from $707.6 million in 2024, with net investment income falling to $83.4 million from $93.1 million.
However, the company’s underwriting results improved significantly in 2025, with losses and loss adjustment expenses falling to $427.2 million from $554.4 million in 2024.
Total expenses fell to $637.1 million, compared with $778.7 million in the same period last year.
In the fourth quarter of 2025 alone, James River’s net profit reached US$32.1 million, a significant improvement from the net loss of US$64.8 million in the fourth quarter of 2024.
Net income available to common stockholders in the fourth quarter of 2025 totaled $30.1 million, compared with a loss of $94 million in the same period a year earlier.
GWP fell to $262.7 million from $358.3 million a year ago. Net premiums written increased to $142.1 million from $114 million, while net premiums earned increased to $147.3 million from $105.6 million in the fourth quarter of 2024.
Frank D’Orazio, CEO of James River, commented: “In 2025, our company remains disciplined and focused on creating value for shareholders, and our fourth quarter results reflect the tangible momentum created by this work.
“The strategic actions, underwriting changes and focus on smaller insureds we have driven over the past few years have strengthened our organization while improving our profitability and operating efficiencies. This year’s results provide a solid foundation for growth in 2026 as we continue to pursue compelling opportunities in the E&S market.”
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