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Jun 30, 2020
James River Q2 2020 Earnings Report
James River announced strong Q2 2020 results driven by core E&S renewal pricing and growth, and supported by investment gains.
Key Takeaways
James River Group Holdings reported a strong second quarter with net income of $35.6 million, driven by significant mark-to-market investment gains and improvements in the E&S segment. Core E&S renewal pricing increased by 20%, and gross written premium in Core E&S grew by 18%. The combined ratio for the E&S segment improved to 84.0%.
Net income for Q2 2020 was $35.6 million, or $1.16 per diluted share.
Adjusted net operating income was $17.4 million, or $0.56 per diluted share.
Core E&S renewal pricing increased by 20%.
The combined ratio in the E&S segment was 84.0%, an improvement of 5.5 points over the prior year quarter.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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