earnings
confidence high
sentiment positive
materiality 0.65
James River Q2 net income $21.1M ($0.54 EPS) vs $5.0M; growth in premiums and investment income
James River Group Holdings, Inc.
2023-Q2 EPS reported
$0.74
revenue$474,043,000
- Net income $21.1M ($0.54 diluted) vs $5.0M ($0.13) in Q2 2022; adjusted net operating income $20.6M ($0.53) vs $20.0M ($0.52).
- E&S segment gross written premium up 7.3%, net earned premium up 15.3%; renewal rate change +11%.
- Net investment income up 71.2% YoY.
- Group combined ratio 94.6%; E&S combined ratio 87.8%.
- Board declared $0.05 per share dividend payable Sept 29, 2023 to holders of record Sept 11.