Loading...
•
Mar 31, 2022
James River Q1 2022 Earnings Report
James River reported a strong start to the year, driven by attractive market conditions in the E&S segment and disciplined underwriting.
Key Takeaways
James River Group Holdings reported a net income of $9.3 million, or $0.25 per diluted share, for the first quarter of 2022, compared to a net loss of $103.5 million, or $3.37 per diluted share, for the first quarter of 2021. Adjusted net operating income for the first quarter of 2022 was $13.9 million, or $0.37 per diluted share, compared to an adjusted net operating loss of $108.8 million for the same period in 2021. The Group combined ratio was 97.4%, elevated by 6.1 percentage points due to the Casualty Reinsurance loss portfolio transfer. The E&S segment produced a combined ratio of 83.7%.
Net income available to common shareholders was $9.3 million ($0.25 per diluted share).
Adjusted net operating income was $13.9 million ($0.37 per diluted share).
The Group combined ratio of 97.4% was elevated by 6.1 percentage points due to the Casualty Reinsurance loss portfolio transfer, while the E&S segment produced a combined ratio of 83.7%.
E&S gross written premium increased by 12.6%, and E&S renewal pricing increased by 8.4%.
Revenue by Segment
Forward Guidance
James River will hold a conference call to discuss its third quarter results tomorrow, May 10, 2022 at 8:30 a.m. Eastern Time. Investors may access the conference call by dialing (877) 930-8055, Conference ID# 7872437, or via the internet by visiting www.jrgh.net and clicking on the “Investor Relations” link.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...