James River Group Holdings Ltd (NASDAQ:JRVR) Q1 2022 Earnings Conference Call May 10, 2022 8:30 AM ET

Company Participants

Brett Shirreffs - IR

Frank D’Orazio - CEO

Sarah Doran - CFO

Conference Call Participants

Mark Hughes - Truist Securities

Brian Meredith - UBS

Meyer Shields - KBW

Casey Alexander - Compass Point

Operator

Good day and thank you for standing by. Welcome to the James River Group Q1 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. [Operator Instructions]

I would now like to hand the conference over to Brett Sheriff, Head of Investor Relations. Please go ahead.

Brett Shirreffs

Thank you. Good morning, everyone, and welcome to the James River Group First Quarter 2022 Earnings Conference Call. During the call, we will be making forward-looking statements. These statements 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.

For a discussion of such risks and uncertainties, please see the cautionary language regarding forward-looking statements in yesterday's earnings release and the risk factors in our most recent Form 10-K, Form 10-Qs and other reports and filings we've made with the Securities and Exchange Commission. We do not undertake any duty to update any forward-looking statements.

I will now turn the call over to Frank D’Orazio, Chief Executive Officer of James River Group.

Frank D’Orazio

Thank you for that introduction, Brett. Good morning, and welcome to everyone on the call. I'm pleased to be back with all of you today to provide some additional color on our first quarter as I believe the group's earnings potential is beginning to show through in these results, and we only expect this dynamic to accelerate and become more apparent in the coming quarters.

We also remain encouraged by both our continued ability to execute on our business initiatives as well as the positive trends we're seeing in the market and believe they should both continue throughout 2022. One hallmark of our franchise has remained consistent despite some of the strategic actions that we've announced over the last few quarters is that our core E&S business has continued to produce extremely attractive margins and premium growth.

And our first quarter this year was no different in that respect. We also continue to make progress in delivering on our business plans for our Specialty Admitted and Casualty Reinsurance segment, focusing our capital on our U.S. businesses while acting as nimble and opportunistic underwriters.