James River Q2 net income rises 59% to $4.4 million as gross premiums fall 29%
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 from $2.8 million, or $0.06, a year earlier. Gross written premium fell 29% to $268.9 million, and adjusted net operating income declined to $10.0 million from $11.7 million, so the profit gain came alongside weaker premium volume and a higher combined ratio. The company also declared a $0.01 per share cash dividend.
Key points
- Net income available to common shareholders was $4.4 million ($0.10 per diluted share) for the quarter ended June 30, 2026, versus $2.8 million ($0.06) a year earlier.
- Gross written premium was $268.9 million, down 29% from $378.0 million; net earned premium was $139.0 million, down 9%.
- Consolidated combined ratio was 100.2% versus 98.6% in the prior year quarter; adjusted net operating income was $10.0 million ($0.20 diluted) versus $11.7 million ($0.23).
- Board declared a $0.01 per share cash dividend, payable September 30, 2026 to shareholders of record on September 15, 2026.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 10, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.