JRVR — what changed in the latest 10-Q
A section-by-section comparison of JRVR's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-10 vs the prior 10-Q · 2026-05-05
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +60 | −52 | ~55 | 86 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-10
(2)Included in underwriting results for the three and six months ended June 30, 2026 is gross fee income of $977,000 and $2.5 million, respectively ($3.9 million and $8.3 million in the respective prior year periods).
The Company produced net income from continuing operations of $6.6 million for the three months ended June 30, 2026 compared to $5.1 million for the three months ended June 30, 2025. Adjusted net operating income was $10.0 million and $11.7 million in the respective periods.
Underwriting results were a loss of $327,000 (combined ratio of 100.2%) for the three months ended June 30, 2026 compared to an underwriting profit of $2.1 million (combined ratio of 98.6%) for the three months ended June 30, 2025.
Underwriting results for the respective periods include $552,000 and $2.7 million of premium adjustments associated with prior years including reinstatement premiums in the Excess & Surplus Lines segment which reduced net written and net earned premiums, and underwriting profit. The impact of the pr…
The loss ratio for the three months ended June 30, 2026 was 1.8 percentage points lower than the prior year period primarily due to net reserve development on prior accident years (excluding adverse prior year development that is subject to deferral under retroactive reinsurance accounting - see dis…
Text removed vs the prior filing · source: 10-Q · 2026-05-05
Losses and loss adjustment expenses excluding retroactive reinsurance(93,971)(101,453)(7.4)%
Losses and loss adjustment expenses - retroactive reinsurance(14,189)1,928 —
Net realized and unrealized losses on investments(6,632)(1,371)383.7 %
(Loss) income from continuing operations before taxes(10,635)16,009 —
Income tax (benefit) expense on continuing operations(1,861)5,021 —
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice