James River Group Holdings, Inc., an insurance holding company, has reported net income available to common shareholders of $4.4 million, up 59% from $2.8 million in the same period a year earlier.
For the quarter, gross written premiums declined 29% to $268.9 million from $378 million in Q2’25.
Net written premiums stood at $148.4 million, down 16% from $176 million, while net earned premiums were $139.0 million, down 9% from $152.6 million.
Total revenues amounted to $161.3 million, down from $174.8 million in the prior-year quarter.
The group’s combined ratio for the quarter was 100.2%, up from 98.6%, comprising a lower loss ratio of 66.3% versus 68.1%, but a higher expense ratio of 33.9% versus 30.5%.
The Excess and Surplus Lines combined ratio was 92.8%, comprising an expense ratio of 27.4% and a loss ratio of 65.4%, compared with a combined ratio of 91.7% in the prior-year quarter.
Net investment income decreased slightly to $20.3 million from $20.5 million a year earlier.
Frank D’Orazio, Chief Executive Officer of James River, commented, “Our second quarter results reflect progress as we execute against our key priorities. We continue to see meaningful growth in submissions and quotes, creating attractive opportunities across targeted areas of our core casualty and specialty divisions. Amid today’s competitive E&S backdrop, we remain committed to our disciplined approach of putting capital to work. Our primary focus is on cautious risk selection, expense management, and operating efficiency enabled by innovation to deliver returns for our shareholders.”
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