James River Group Holdings, Inc. · NASDAQ:JRVR
James River — Corporate Update (July 2024)
6 slides from James River's corporate update, Jul 9, 2024
Slide 1: E&S Legacy Reinsurance Agreement Frequently Asked Questions
E&S Legacy Reinsurance Agreement Frequently Asked Questions July 9, 2024 Exhibit 99.2
Slide 2: Forward-Looking Statements
Forward-Looking Statements 2 This presentation contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. In some cases, such forward- looking statements may be identified by terms such as believe, expect, seek, may, will, should, intend, pro
Slide 3: Frequently Asked Questions
Frequently Asked Questions 3 • Subsidiaries of James River Group Holdings, Ltd. (“James River” or the “Company”) have signed and closed a combined loss portfolio transfer and adverse development cover (“ADC”) reinsurance agreement for all Excess and Surplus Lines (“E&S”) segment casualty reserves fo
Slide 4: Frequently Asked Questions: cost, financial impact and strategic alternatives
Frequently Asked Questions 4 • During the third quarter of 2024, James River will recognize a $52.2 MM reduction in pre-tax income for the excess consideration paid over reserves ceded in connection with the agreement. • Once the transaction is recognized, should the Company experience adverse devel
Slide 5: E&S Legacy Reinsurance Agreement
E&S Legacy Reinsurance Agreement 5 In-the-Money Ceded Reserves $307.1 MM Ground-Up Retention $716.6 MM ADC Limit $160.0 MM $1,023.7 MM Subject Reserves $1,183.7 MM $716.6 MM Retention C o n s id e ra ti o n Covers All E&S Casualty Reserves Except Those Related to the Company’s Former Large Commercia
Slide 6: James River Group Holdings, Ltd.
Ss JAMES RIVER GROUP HOLDINGS, LTD. Investors @jrvrgroup.com
James River Group Holdings — Corporate Update (July 2024) on 6ix