James River Q2 FY26 net income from continuing operations rises 29.3% to $6.62 million; gross written premiums drop 28.9% to $268.9 million - JRVR News | Rallies
James River Group posted GAAP net income from continuing operations of $6.62 million, up 29.3% year over year; net income was $6.4 million, up 34.5%.
Underwriting swung to a GAAP loss of $327,000 from profit a year earlier; combined ratio worsened 1.6 percentage points to 100.2%.
Net earned premiums fell 8.9% to $139.02 million, driven by non-renewals in Specialty Admitted; gross written premiums dropped 28.9% to $268.9 million.
Segment and half-year performance
Specialty Admitted gross written premiums slid 75.9% to $18.73 million; segment underwriting loss widened to $2.81 million from a year earlier.
For the first half, GAAP net income from continuing operations turned to a loss of $2.15 million; underwriting loss widened to $6.55 million, while net investment income rose to .
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