James River Group Holdings, Inc. (JRVR) Form 8-K — Aug 10, 2026

$JRVRForm 8-KItems 2.02, 8.01, 9.01Filed Aug 10, 2026, 4:05 PM ET0001620459-26-000044Original filing

James River Group Holdings reported second quarter 2026 net income available to common shareholders of $4.4 million, or $0.10 per diluted share, up 59% from $2.8 million a year earlier, while adjusted net operating income declined to $10.0 million ($0.20 per diluted share) from $11.7 million ($0.23). Gross written premium fell 29% year-over-year to $268.9 million, driven mostly by a deliberate 76% reduction in Specialty Admitted fronting business; the Excess and Surplus Lines combined ratio was 92.8%, but the consolidated combined ratio came in above breakeven at 100.2% with the expense ratio up to 33.9% from 30.5%.

Key figures

Eps: $0.10 diluted (Q2 2026); $0.20 adjusted diluted
Revenue: $161.3 million (Q2 2026 total revenues; H1 2026: $312.7 million)
Net Income: $4.4 million available to common shareholders (+59% YoY); total net income $6.4 million
Total Debt: $329.9 million ($225.8 million senior debt + $104.1 million junior subordinated debt)
Total Assets: $4.77 billion
Cash Position: $195.6 million
Shares Outstanding: 46239030
E s loss ratio: 65.4%
E s expense ratio: 27.4%
Premium retention: 55% (vs 47% prior year quarter)
Adc limit utilized: $7.5 million (remaining E&S Top Up ADC aggregate limit with Cavello Bay)
Dividend per share: $0.01
E s combined ratio: 92.8% (vs 91.7% prior year)
Shareholders equity: $522.6 million (down 2.9% vs December 31, 2025)
Dividend record date: September 15, 2026
Dividend payable date: September 30, 2026
Gross investment yield: 4.6% annualized
Tangible common equity: $416.7 million (up 1.4% vs December 31, 2025)
Net investment income q2: $20.3 million (vs $20.5 million prior year)
H1 reinstatement premiums: $7.2 million, predominantly tied to a single E&S claim
Net earned premium q2 2026: $139.0 million (down 9% YoY)
Consolidated combined ratio: 100.2% (vs 98.6% prior year)
Net written premium q2 2026: $148.4 million (down 16% YoY)
Gross written premium q2 2026: $268.9 million (down 29% YoY)
Adjusted net operating income q2: $10.0 million ($0.20 per diluted share; down from $11.7 million / $0.23 prior year)
Tangible common equity per share: $9.01 (up 1% vs December 31, 2025)
Net adverse reserve development q2: $0.6 million pre-tax
Adjusted net operating return on tce: 9.8% annualized

Price after filing

1 day: 0.0%7 days: -14.5%30 days: -14.3%

Close on the filing date to close N calendar days later (from $4.70). Historical, not a forecast.

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