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Sep 30, 2020
James River Q3 2020 Earnings Report
James River reported a strong quarter with increased premiums and profitability.
Key Takeaways
James River Group Holdings reported a net income of $26.3 million for the third quarter of 2020, a significant improvement compared to the net loss of $25.2 million in the same period of 2019. The company experienced growth in core E&S gross written premiums and fronted premium in Specialty Admitted Insurance segment.
Net income for Q3 2020 was $26.3 million, compared to a net loss of $25.2 million in Q3 2019.
Adjusted net operating income for Q3 2020 was $17.4 million, compared to an adjusted net operating loss of $22.2 million for the same period in 2019.
Core E&S gross written premiums increased by 28% compared to the same quarter last year.
Fronted premium in the Specialty Admitted Insurance segment increased by 14% compared to Q3 2019.
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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