---
schema_version: "secwatch.filing_event.v1"
accession: "0001620459-25-000069"
form_type: "8-K"
ticker: "JRVR"
cik: "0001620459"
company_name: "James River Group Holdings, Inc."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:34:01.134084+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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

## SEC filing metadata
- accession: 0001620459-25-000069
- form_type: 8-K
- ticker: JRVR
- cik: 0001620459
- company_name: James River Group Holdings, Inc.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1620459/000162045925000069/0001620459-25-000069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1620459/000162045925000069/jrvr-20250505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001620459-25-000069
- JSON: https://secwatch.observer/filing/0001620459-25-000069.json
- Plain text: https://secwatch.observer/filing/0001620459-25-000069.txt

## Key facts
- Executive change
  Todd Sutherland was appointed as President, Excess & Surplus Lines segment at James River Group Holdings, Inc..
  - Action: appointed
  - Role: President, Excess & Surplus Lines segment
  source text: Todd Sutherland will succeed him as President, also effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045925000069/0001620459-25-000069-index.htm
- Executive change
  Richard J. Schmitzer departed as President, Excess & Surplus Lines segment at James River Group Holdings, Inc..
  - Action: relinquished
  - Role: President, Excess & Surplus Lines segment
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045925000069/0001620459-25-000069-index.htm
- Executive change
  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
  source text: Mr. Schmitzer will also step down as Chief Executive Officer of the Company’s Excess & Surplus Lines segment, effective on July 31, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1620459/000162045925000069/0001620459-25-000069-index.htm

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