James River (JRVR) Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, March 3, 2026 astatine 9:08 AM CST 14 min read

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Tuesday, March 3, 2026 astatine 8:30 a.m. ET

• Chief Executive Officer — Frank D’Orazio

• Chief Financial Officer — Sarah Doran

• Operator

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Frank D’Orazio: Okay. Thanks, Bob. Good morning, everyone, and convey you for joining our telephone today. We are speaking to you this morning, already 2 months into 2026, and keenly focused connected executing our concern program and strategical objectives for the year. Today, I americium anxious to sermon our 4th fourth and afloat twelvemonth results with you, but conscionable arsenic importantly, I privation to pass our imaginativeness and stock our optimism for 2026. Over the past fewer quarters, we person commented astatine magnitude connected the strides that the institution has taken to absorption connected its wholesale-only E&S platform, maintaining a beardown presumption successful the E&S marketplace portion delivering shareholder worth to our investors.

I deliberation it is just to accidental that our aboriginal occurrence volition not beryllium driven by a azygous factor, but alternatively the operation of respective purposeful, prioritized initiatives moving successful performance to thrust our aboriginal results. At a precocious level, I judge 3 superior themes some underlie and empower our quality to execute successful 2026 and beyond. First, I would constituent to our refined hazard appetite and enhanced show monitoring that we person invested successful implicit the past fewer years, which has resulted successful a absorption connected smaller and much profitable accounts crossed our casualty universe, portion exiting oregon reengineering our stance connected respective classes that person proven to beryllium unprofitable to James River Group Holdings, Ltd. implicit time.

Secondly, we volition payment from the lasting operational efficiencies and disbursal absorption absorption achieved done important outgo redeeming initiatives crossed the concern during 2025, including our redomicile to the United States. And finally, our continued engagement and deployment of our exertion level volition enactment some of these efforts, which we expect volition thrust efficiencies and aboriginal profitable standard successful our E&S business.

Now arsenic for execution, we began the twelvemonth with a refreshed and reorganized E&S enactment squad afloat successful place, with a compelling crippled program for the implementation of our strategical vision. With respect to our redefined appetite successful E&S, that enactment has mostly been done already. We volition proceed to people smaller accounts that thin to person higher renewal retention ratios that we judge person proven to beryllium much profitable for James River Group Holdings, Ltd. implicit the company’s 20-plus twelvemonth history. In Q4, that aforesaid absorption saw our mean argumentation size alteration by 9.6% compared to the anterior twelvemonth quarter, and for the afloat year, the interaction has been an mean argumentation size alteration of 8.4%.