James River Group Holdings, Inc. (JRVR) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Hello, and welcome to James River Group's fourth quarter 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. Thank you. I would now like to turn the conference over to Bob Zimardo, Senior Vice President of Investor Relations. Please go ahead, sir. Thank you. Good morning, everybody, and welcome to James River Group's fourth quarter 2025 earnings conference call. A reminder that during the call, we'll be making forward-looking statements that are based on current beliefs, intentions, expectations, and assumptions that are subject to various risks and uncertainties, which may cause actual results to differ materially. Such risks and uncertainties are detailed in the cautionary language regarding forward-looking statements in yesterday's earnings release and the risk factors of our most recent Form 10-K and other reports and filings we have made with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statements. In addition, during this presentation, we may reference non-GAAP financial measures. Please refer to our earnings press release for a reconciliation of these numbers to GAAP, a copy of which can be found on our website. Lastly, unless otherwise specified, for the reasons described in our earnings press release, all underwriting performance ratios referred to are for our continuing operations and business that is not subject to retroactive reinsurance accounting or lost portfolio transfers. Thank you, and I'll now turn the call over to Frank D'Orazio, Chief Executive Officer of James River Group. Okay, thanks, Bob. Good morning, everyone, and thank you for joining our call today. We're speaking to you this morning, alread...