James River Group Holdings, Ltd. (NASDAQ:JRVR) Q3 2024 Earnings Conference Call November 12, 2024 8:30 AM ET

Company Participants

Zachary Shytle - 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 Research & Trading

Operator

Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to the James River Group Q3 2024 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to turn the call over to Zachary Shytle, Investor Relations. Please go ahead.

Zachary Shytle

Good morning, everyone, and welcome to the James River Group Third Quarter 2024 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 of our most recent Form 10-K and 10-Q 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 such as adjusted net operating income, underwriting profit, tangible equity, tangible common equity, and adjusted net operating return on tangible common equity. 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 at www.jrvrgroup.com.

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 for loss portfolio transfers.

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, Zach. Good morning, everyone, and welcome to our third quarter 2024 earnings call. We're excited to be joining you this morning to discuss what has been a very active quarter for James River.

And by that, specifically, I'm referring to the meaningful strategic actions that we announced with our earnings last night and our corresponding investor presentation or FAQ document. In addition to providing detailed commentary specific to our announcements, I also plan to speak to market conditions and the future outlook for James River.