James River Group ( (JRVR) ) just unveiled an announcement.
On February 27, 2025, Ollie L. Sherman, Jr. resigned as a director of James River Group, effective April 30, 2025, with no disagreements cited. Christine LaSala was appointed as the new Non-Executive Chairperson on February 20, 2025. The company also declared a cash dividend of $0.01 per share, payable on March 31, 2025. James River reported a net loss of $92.7 million for Q4 2024, largely due to a $52.8 million reinsurance contract payment and a $27 million deemed dividend. Despite these losses, strategic actions in 2024, including the sale of JRG Reinsurance and partnerships with Enstar, have strengthened the company’s balance sheet. The E&S segment saw a slight premium increase, and the company achieved its highest submission growth in five years. The Specialty Admitted Insurance segment improved its combined ratio, and net investment income rose by 10.8% in 2024.
More about James River Group
James River Group Holdings, Ltd. operates within the insurance industry, focusing on Excess and Surplus Lines and Specialty Admitted Insurance. The company is known for its wholesale-driven franchise and has been strategically realigning its operations to concentrate on U.S. insurance businesses.
YTD Price Performance: 1.85%
Average Trading Volume: 267,248
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $187.3M
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