---
schema_version: "secwatch.filing_event.v1"
accession: "0001620459-23-000090"
form_type: "8-K"
ticker: "JRVR"
cik: "0001620459"
company_name: "James River Group Holdings, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:35:36.162268+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# James River Q1 2023 adj. net operating income $21.6M ($0.56/dil); GAAP net income $7.0M

## Summary
- GAAP net income of $7.0M ($0.18 diluted) vs $9.3M ($0.25) in Q1 2022.
- Adjusted net operating income of $21.6M ($0.56 diluted) vs $13.9M ($0.37) in Q1 2022.
- E&S segment gross written premium up 12.1%, net up 17.3%; renewal rate increase 8.9%.
- Net investment income increased 58.4% compared to prior year quarter.
- Declared $0.05/shr dividend payable June 30; director Michael Oakes not seeking re-election.

## SEC filing metadata
- accession: 0001620459-23-000090
- form_type: 8-K
- ticker: JRVR
- cik: 0001620459
- company_name: James River Group Holdings, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000090/0001620459-23-000090-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000090/jrvr-20230428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620459-23-000090
- JSON: https://secwatch.observer/filing/0001620459-23-000090.json
- Plain text: https://secwatch.observer/filing/0001620459-23-000090.txt

## Key facts
- Earnings Releases
  James River Group Holdings, Inc. reported the quarter ended March 31, 2023 results: net income $7.0 million ($0.18 per diluted share), EPS $0.18 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Net income: $7.0 million ($0.18 per diluted share)
  - EPS: $0.18 per diluted share
  - Result: reported results
  source text: On May 2, 2023, James River Group Holdings, Ltd. (the “Company”) issued a press release announcing its financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000090/0001620459-23-000090-index.htm
- Executive change
  Michael Oakes departed as Class III director at James River Group Holdings, Inc..
  - Action: not seeking re-election
  - Role: Class III director
  source text: On April 28, 2023, Michael Oakes advised the Company that he does not intend to seek re-election as a Class III director at the Company’s 2023 annual general meeting of shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045923000090/0001620459-23-000090-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.