James River Q4 net loss $66.3M, issues $150M preferred, enters $335M LPT

James River Group Holdings, Inc.

2021-FY EPS reported -$4.94 revenue$772,880,000

Q4 2021 net loss $66.3M ($1.78 diluted EPS); adjusted net operating loss $67.5M ($1.81 per share).
Issued 150,000 Series A Preferred shares at $1,000/share for $150M aggregate to Gallatin Point affiliate.
Entered $335M Loss Portfolio Transfer Agreement with Fortitude Re; $310M funds withheld, $25M cash.
Core E&S gross written premium grew 14.1% YoY; renewal pricing up 9.5%.
Board declared $0.05/share dividend payable March 31, 2022 to holders of record March 14.

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Executive movements

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Appointed

Matthew Botein

Director

JRVR · James River Group Holdings, Inc.

Filed: February 28, 2022, 6:59 PM ET

The Investor has designated Matthew Botein as the Series A Designee and, accordingly, the Board approved the appointment of Mr. Botein to serve as a Class I director with a term expiring at the 2024 annual meeting of the Company’s shareholders, effective following receipt of any necessary regulatory approvals.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Matthew Botein was appointed as Director at James River Group Holdings, Inc..

Action: appointed
Role: Director

Exact text from the filing

The Investor has designated Matthew Botein as the Series A Designee and, accordingly, the Board approved the appointment of Mr. Botein to serve as a Class I director with a term expiring at the 2024 annual meeting of the Company’s shareholders, effective following receipt of any necessary regulatory approvals.

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James River Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-028107

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