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Sep 30, 2021
James River Q3 2021 Earnings Report
James River experienced a net loss and an adjusted net operating loss in Q3 2021, but saw growth in its E&S and Specialty Admitted segments.
Key Takeaways
James River Group Holdings reported a net loss of $23.9 million, or $0.64 per diluted share, for the third quarter of 2021, compared to a net income of $26.3 million, or $0.85 per diluted share, for the third quarter of 2020. The adjusted net operating loss was $26.8 million, or $0.72 per diluted share, compared to an adjusted net operating income of $17.4 million, or $0.56 per diluted share, for the same period in 2020. The E&S segment experienced growth in gross written premium and renewal pricing. Third quarter results include a pre-tax loss of $29.6 million related to adverse loss and loss adjustment expense reserve development in the E&S segment associated with a loss portfolio transfer reinsurance transaction.
Net loss of $23.9 million, or $0.64 per diluted share.
Adjusted net operating loss of $26.8 million, or $0.72 per diluted share.
Excess and Surplus Lines gross written premium grew by 21.3%.
Specialty Admitted segment gross fee income increased 21.5%.
Revenue by Segment
Forward Guidance
Overall macro and industry conditions remain very favorable and allow us to continue to focus on executing our corporate objectives.
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
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