James River Q1 2020 Earnings Report
Key Takeaways
James River Group Holdings reported a net loss of $36.8 million for Q1 2020, driven by investment volatility, particularly in its senior secured bank loan portfolio. However, the core E&S business showed strong growth with gross written premiums up by 37%.
Net loss of $36.8 million, or $1.21 per diluted share.
Adjusted net operating income of $15.4 million, or $0.50 per diluted share.
Core E&S gross written premium grew by 37%.
Net investment income increased by 7% to $20.8 million.
James River
James River
James River Revenue by Segment
Forward Guidance
This press release contains forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income