earnings
confidence high
sentiment positive
materiality 0.75
James River Q2 adjusted EPS $0.33 (up 83% YoY); E&S combined ratio 95.4%; dividend $0.05
James River Group Holdings, Inc.
2024-Q2 EPS reported
$0.52
revenue$389,416,000
- Net income from continuing ops $11.9M ($0.31 diluted), vs $9.5M ($0.25) in Q2 2023.
- Adjusted net operating income $12.7M ($0.33 diluted), more than double prior year $6.6M ($0.18).
- Group combined ratio 99.3%; E&S segment 95.4% with renewal rate change +9.1%.
- Net investment income increased 36.7% compared to prior year quarter, all asset classes higher.
- Dividend of $0.05 per share declared, payable Sept 30, 2024 to shareholders of record Sept 16, 2024.