James River Q2 2023 Earnings Report
Key Takeaways
James River Group Holdings reported a net income available to common shareholders of $21.1 million, or $0.54 per diluted share, for the second quarter of 2023. The company's adjusted net operating income was $20.6 million, or $0.53 per diluted share. The combined ratio for the group was 94.6%, and the Excess and Surplus Lines segment had a combined ratio of 87.8%.
Group combined ratio of 94.6% and E&S segment combined ratio of 87.8%.
Core E&S gross written premium growth of 9.0% compared to the prior year quarter.
E&S segment renewal rate change increased 11.0% from the prior year quarter.
Net investment income increased 71.2% compared to 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