James River : First Quarter 2025

Published: 2025-05-12 08:45:07 ET JRVR

Published on 05/12/2025 at 08:45

Gross Written Premium(1)

Strong Start to 2025 with an Excess & Surplus ("E&S")

Market Poised for Profitable Growth

Adjusted Net Operating Income(2): $9.1 Million

Total Shareholders' Equity

Annualized Adjusted Net Operating Return on Tangible Common Equity(2): 11.5%

E&S segment Performance: 91.5% Combined Ratio| 7.8% Renewal Rate Change

Stable Prior Year Reserves

Total Assets

Strides Taken to Refocus Business

Validated, Well-Capitalized, and Strong Balance Sheet

Expense Management Focus Including Redomicile to U.S.

A.M. Best Rating

Technology Implementation for Underwriting Efficiency

Sale of Sub Scale Businesses, Including JRG Re and Individual Risk

Workers' Compensation Renewal Rights

Capital-Light Fronting Business with Limited Net Retention

Gross Written Premiums reflect LTM information as of March 31, 2025. All other information as of March 31, 2025 unless otherwise noted.

Adjusted net operating income and adjusted net operating return on tangible common equity are non-GAAP financial measures. See "Non-GAAP Financial Measures" and "Reconciliation of Non-GAAP Measure" on the

Disclosure page.

Frank D'Orazio joins

James River

$75 MM Uber reserve additions during 4Q20

Raiser / Uber Unlimited Loss Portfolio Transfer ("LPT")

$200 MM Uber reserve additions YTD

Renewal Rights of

Workers' Comp Sale

$84 MM Core E&S reserve additions during 3Q24

Completion of Strategic Review; Finalized Core E&S LPT / ADC for an aggregate

$235 MM, Capital from Sophisticated Industry Investor, Strategic Efficiencies including Planned Redomicile to the U.S.

E&S segment leadership transition. Todd Sutherland announced as President, succeeding Richard Schmitzer.

Company Milestones

Nov / Dec 2020

Aug / Nov 2021

Sept 2021

Feb 2022

Sept 2023

April 2024

Nov 2024

Feb 2025

May 2025

Hired New, Senior Claims, ERM, Underwriting and Actuarial leaders

Casualty Re LPT Purchase

$115 MM reserve additions during 4Q21

Sale of Casualty Re

Non-Executive Chairman of the Board Ollie Sherman announces he will retire.

Christine LaSala appointed as its next Non-Executive Chairperson

$38 MM E&S reserve additions during 4Q24; $29.5 MM ceded to the Core E&S ADC

Most Concentrated E&S Companies(1) - 2024 Direct Written Premium

76%

(2)

$1.1 BN

100%

85%

42%

29% 25% 24%

16%

9% 8%

$1.9 BN

$332 MM

$4.1 BN

$3.8 BN

$2.2 BN

$5.6 BN

$8.5 BN

$1.6 BN

$848 MM

Statutory E&S direct written premium as defined and calculated by S&P Global Market Intelligence. Represents statutory E&S direct written premium divided by GAAP consolidated gross written premium for 2024.

GAAP E&S segment GWP of $1.0 Bn. 18% of Specialty Admitted segment business was non-admitted in 2024.

Disclaimer

James River Group Holdings Ltd. published this content on May 12, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 12, 2025 at 12:44 UTC.