James River Q1 EPS drops 66% YoY; E&S president retires; $0.01 dividend declared

James River Group Holdings, Inc.

2025-Q1 EPS reported $0.16 revenue$172,289,000

Q1 net income from continuing ops $9.0M ($0.18 diluted), down from $20.9M ($0.53) YoY; adjusted net op income $9.1M ($0.19)
E&S segment combined ratio 91.5% with 7.8% renewal rate increase; Specialty Admitted combined ratio 102.1%
Richard Schmitzer retires; steps down as E&S President May 5, succeeded by Todd Sutherland; CEO until July 31, 2025
Board declared $0.01/share dividend payable June 30, 2025 to holders of record June 9, 2025
Independent ruling in purchase price dispute: $53.6M of $54.1M disputed items found in favor of company

item 2.02 item 5.02 item 7.01 item 9.01 item 8.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Todd Sutherland

President, Excess & Surplus Lines segment

JRVR · James River Group Holdings, Inc.

Effective: 2025-05-05
Filed: May 5, 2025, 7:59 PM ET

Todd Sutherland will succeed him as President, also effective immediately.

Departed

Richard J. Schmitzer

President, Excess & Surplus Lines segment

JRVR · James River Group Holdings, Inc.

Effective: 2025-05-05
Successor: Todd Sutherland
Filed: May 5, 2025, 7:59 PM ET

On May 5, 2025, the Company announced that Richard J. Schmitzer, President and Chief Executive Officer of the Company’s Excess & Surplus Lines segment, in anticipation of his retirement from the Company later this year, will relinquish his President title effective immediately.

Role change

Richard J. Schmitzer

Chief Executive Officer, Excess & Surplus Lines segment

JRVR · James River Group Holdings, Inc.

Effective: 2025-07-31
Filed: May 5, 2025, 7:59 PM ET

Mr. Schmitzer will also step down as Chief Executive Officer of the Company’s Excess & Surplus Lines segment, effective on July 31, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Sutherland was appointed as President, Excess & Surplus Lines segment at James River Group Holdings, Inc..

Action: appointed
Role: President, Excess & Surplus Lines segment

Exact text from the filing

Todd Sutherland will succeed him as President, also effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard J. Schmitzer departed as President, Excess & Surplus Lines segment at James River Group Holdings, Inc..

Action: relinquished
Role: President, Excess & Surplus Lines segment

Exact text from the filing

On May 5, 2025, the Company announced that Richard J. Schmitzer, President and Chief Executive Officer of the Company’s Excess & Surplus Lines segment, in anticipation of his retirement from the Company later this year, will relinquish his President title effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Richard J. Schmitzer changed role as Chief Executive Officer, Excess & Surplus Lines segment at James River Group Holdings, Inc..

Action: stepped down as
Role: Chief Executive Officer, Excess & Surplus Lines segment

Exact text from the filing

Mr. Schmitzer will also step down as Chief Executive Officer of the Company’s Excess & Surplus Lines segment, effective on July 31, 2025.

View on SEC.gov

James River Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001620459-25-000069

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