earnings
confidence high
sentiment negative
materiality 0.70
James River Q3 net loss $1.10/dil; $52.2M E&S ADC charge drives loss
James River Group Holdings, Inc.
2024-Q3 EPS reported
-$0.64
revenue$580,913,000
- Net loss from continuing ops $40.7M ($1.07/dil); net loss available to common $42.0M ($1.10/dil).
- Adjusted net operating loss $28.2M ($0.74/dil) from $52.2M excess E&S ADC consideration and $19.2M ceded adverse development.
- E&S segment gross written premium +6% YoY; renewal rate change +8.6%; combined ratio 136.1% (current accident year 92.6%).
- Specialty Admitted segment combined ratio 91.3%; fronting/program GWP +8.7% (ex-workers comp).
- Board declared $0.01/share dividend payable Dec 31, 2024 to holders of record Dec 16, 2024.