James River Q2 2020 Earnings Report
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.
James River
James River
James River 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