JRVR posts $6.4M net income (+34.5%) on lower tax rate; premiums fall 7.7%

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~2 min read

Key Changes

• high

  Net income rose 34.5% to $6.4M (diluted EPS $0.10, +58.0%) despite a 7.7% revenue decline to $161.3M, driven by a lower effective tax rate (21.8% vs. 30.1%) following the November 2025 domestication from Bermuda to Delaware.

  MD&A: Income Tax Expense verify on EDGAR →
• high

  Goodwill impairment test performed in Q2 2026 due to sustained stock price decline and market conditions; fair value cushion for the Excess & Surplus Lines reporting unit narrowed to less than 3%, signaling heightened impairment risk.

  Risk Factors: Goodwill Impairment verify on EDGAR →
• high

  Gross written premiums fell 24.8% to $505.3M for the six months, reflecting material contraction in underwriting volume; consolidated combined ratio worsened from 99.1% to 102.4% (above 100% = underwriting loss).

  Notes: Gross Written Premiums & MD&A: Underwriting Ratios view on EDGAR →