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James River Group Holdings Executive Compensation (FY25)

JRVR · Executive and director compensation, fiscal 2022 to 2025

The James River Group Holdings brief, $1,500

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New filing — September 16, 2026, data updatedData as of September 20, 2026Latest filing (DEF 14A): September 16, 2026
12 filings cited on this page
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
James River Group Holdings brief$1,500Get the executive brief
288 figures on this page: 280 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Chief executive, fiscal 2025
◇
Frank D'Orazio
Median of the other named officers
$1,415,335
5 officers, excluding the chief executive
Latest say-on-pay support
=
October 23, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Frank D'Orazio: $2,709,253 → $2,930,288 (8.2% higher)
Say-on-pay support: 97.3% → 63.4% (33.9 points lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is James River Group Holdings' chief executive and what were they paid?
Frank D'Orazio was paid $2,930,288 in total compensation as Chief Executive Officer for fiscal 2025. D'Orazio's total moved 8.2% higher from the $2,709,253 reported for fiscal 2024.
What was James River Group Holdings' say-on-pay result?
For fiscal 2024, shareholders backed the say-on-pay proposal with 63.4% of votes cast for or against in favor at the meeting held October 23, 2025.
Which companies are in James River Group Holdings' peer group?
The disclosed peer group includes Bowhead Specialty Holdings Inc., Employers Holdings, Inc., Global Indemnity Group, LLC, Hamilton Insurance Group, Ltd. and Horace Mann Educators Corporation, among others.
What is James River Group Holdings' chief executive pay ratio?
The company reported a chief executive pay ratio of 27:1 for fiscal 2025, against median employee compensation of $106,792.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank D'Orazio
Chief Executive Officer
◇—◇—◇—◇◇
Richard Schmitzer
Former President and Chief Executive Officer, Excess and Surplus Lines segment
◇—◇—◇—◇◇
Sarah Doran
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank D'Orazio
Chief Executive Officer
◇—◇—◇—◇◇
Richard Schmitzer
Former President and Chief Executive Officer, E&S Segment
◇—◇—◇—◇◇
Sarah Doran
Chief Financial Officer
◇—◇—◇—◇◇
Michael Hoffmann
Group Chief Underwriting Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank D'Orazio
Chief Executive Officer
◇—◇—◇—◇◇
Richard Schmitzer
Former President and Chief Executive Officer, E&S Segment
◇◇◇—◇—◇◇
Sarah Doran
Chief Financial Officer
◇◇◇—◇—◇◇
Michael Hoffmann
Group Chief Underwriting Officer
◇◇◇—◇—◇◇
William Bowman
Former President and Chief Executive Officer, Specialty Admitted Insurance segment
Departed during or after this year
◇◇◇—◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Frank D'Orazio
Chief Executive Officer
◇—◇—◇—◇◇
Sarah Doran
Chief Financial Officer
◇◇◇—◇—◇◇
Richard Schmitzer
Former President and Chief Executive Officer, E&S Segment
Departed during or after this year
◇◇◇—◇—◇◇
Michael Hoffmann
Group Chief Underwriting Officer
◇◇◇—◇—◇◇
Jeanette Miller
Chief Legal Officer
◇◇◇—◇—◇◇
Todd Sutherland
President of the E&S Segment
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Frank N. D'OrazioPSU◇—◇—◇—◇
Frank N. D'OrazioRSU◇——◇——◇
Frank N. D’OrazioRSU◇——◇———
Frank N. D’OrazioPSU◇◇◇—◇—◇
Jeanette L. MillerRSU◇——◇——◇
Jeanette L. MillerPSU◇—◇—◇—◇
Michael J. HoffmannRSU◇——◇——◇
Michael J. HoffmannPSU◇—◇—◇—◇
Richard J. SchmitzerRSU◇——◇——◇
Richard J. SchmitzerPSU◇—◇—◇—◇
Sarah C. DoranRSU◇——◇——◇
Sarah C. DoranPSU◇—◇—◇—◇
Todd R. SutherlandRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeanette MillerRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
Michael HoffmannRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Todd SutherlandRSU◇◇——
RSU◇◇——
Frank D'OrazioRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Richard SchmitzerRSU◇◇——
PSU◇◇——
PSU◇◇——
Sarah DoranRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Michael Hoffmann
Group Chief Underwriting Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Richard Schmitzer
Former President and Chief Executive Officer, E&S Segment · Employment agreement · citing a 2018 filing
Severance multiple◇
Severance base◇
Change-in-control multiple◇
Change-in-control base◇
Benefits continuation on change in control◇
Benefits continuation◇
Excise tax treatment◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ollie L. Sherman Jr
Board chair
◇◇———◇◇
Thomas L. Brown
◇◇———◇◇
Kirstin M. Gould
◇◇———◇◇
Peter B. Migliorato
◇◇———◇◇
Dennis J. Langwell
◇◇———◇◇
Patricia H. Roberts
◇◇———◇◇
Christine LaSala
◇◇————◇
Frank N. D'Orazio, Joel D. Cavaness and Matthew B. Botein served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bowhead Specialty Holdings Inc. BOW
  • Employers Holdings, Inc. EIG
  • Global Indemnity Group, LLC GBLI
  • Hamilton Insurance Group, Ltd. HG
  • Horace Mann Educators Corporation HMN
  • Kinsale Capital Group, Inc. KNSL
  • NMI Holdings, Inc. NMIH
  • Palomar Holdings, Inc. PLMR
  • PRSUs symbol not shown
  • Radian Group Inc. RDN
  • RLI Corp. RLI
  • Safety Insurance Group, Inc. SAFT
  • SiriusPoint Ltd. SPNT
  • Skyward Specialty Insurance Group, Inc. SKWD
  • Tiptree Inc. TIPT
  • United Fire Group, Inc. UFCS
  • Universal Insurance Holdings, Inc. UVE

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024October 23, 2025=◇◇◇
2023October 24, 2024=◇◇◇
2022July 27, 2023=◇◇◇
2021October 25, 2022=◇◇◇
2020October 26, 2021=◇◇◇
2019April 28, 2020=◇◇◇
2018April 30, 2019=◇◇◇
2017May 1, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact James River Group Holdings disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where James River Group Holdings sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Say-on-pay responsiveness
James River Group Holdings recorded a low support level. The responsiveness analysis covers what the company said it would do, what it did, and how that compares with the companies that recovered their vote.
Responsiveness analysis
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
288 figures on this page: 280 cited to the filing that reported them, 8 calculated from figures it prints.
280 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001104659-26-108040
    Compensation of Directors · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
  2. 0001620459-25-000123
    Proposal 3 - The approval of the 2024 compensation of our named executive officers.
  3. 0001104659-25-090550
    Compensation of Directors · Summary Compensation Table
  4. 0001620459-24-000111
    Proposal 3 - The approval of the 2023 compensation of our named executive officers.
  5. 0001620459-23-000103
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001620459-22-000100
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001620459-21-000087
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001620459-20-000067
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0001620459-19-000057
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0001628280-18-005724
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0001620459-26-000009
    Employment Agreement
  12. 0001628280-18-002654
    EX-10.22
Cite this data
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Velarion, “James River Group Holdings executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/JRVR (accessed 2026).
Short form: data: Velarion

The James River Group Holdings brief, $1,500

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $1,200 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
12 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Peers James River Group Holdings discloses

The companies named in JRVR's own disclosed peer group.

Bowhead Specialty Holdings Inc.Employers Holdings, Inc.Global Indemnity Group, LLCHamilton Insurance Group, Ltd.Horace Mann Educators CorporationKinsale Capital Group, Inc.NMI Holdings, Inc.Palomar Holdings, Inc.Radian Group Inc.RLI Corp.Safety Insurance Group, Inc.SiriusPoint Ltd.Skyward Specialty Insurance Group, Inc.Tiptree Inc.United Fire Group, Inc.Universal Insurance Holdings, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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