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Sep 30, 2022
James River Q3 2022 Earnings Report
Announced third quarter results, demonstrating focus on disciplined underwriting and consistent performance across all segments, with underwriting profit reported in each.
Key Takeaways
James River Group Holdings reported a net loss available to common shareholders of $7.2 million, or $0.19 per diluted share, for the third quarter of 2022. However, adjusted net operating income was $15.5 million, or $0.41 per diluted share. The company's combined ratio was 94.1%, and 91.5% excluding catastrophe losses. Net written premium growth was 20.3%, driven by increased net retention in the Excess and Surplus Lines segment.
Group combined ratio of 94.1%, and 91.5% excluding catastrophe losses; adjusted net operating return on tangible common equity of 17.5%.
Excess and Surplus Lines segment combined ratio of 88.2%, and 84.6% excluding the impact of catastrophe losses.
Net written premium growth of 20.3% due to increased net retention in the E&S segment; E&S renewal pricing increased 8.4%.
Net investment income increased 17.7% sequentially compared to the second quarter of 2022.
Revenue by Segment
Forward Guidance
James River Group Holdings will hold a conference call to discuss its third quarter results on November 2, 2022.
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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