earnings
confidence high
sentiment neutral
materiality 0.60
James River Q3 net loss $7.2M, adj net op income $15.5M; declares $0.05 dividend
James River Group Holdings, Inc.
2022-Q3 EPS reported
$0.19
revenue$587,983,000
- Net loss of $7.2M ($0.19 per share) vs loss of $23.9M ($0.64) in Q3 2021.
- Adjusted net operating income of $15.5M ($0.41 per share) vs loss of $26.8M a year ago.
- E&S segment combined ratio improved to 88.2%; net written premium up 20.3%.
- Hurricane Ian catastrophe losses of $5.0M (2.6 pts on group loss ratio).
- Dividend declared $0.05 per share, payable Dec 30, 2022 to holders of record Dec 12.