Loading...
•
Dec 31, 2019
James River Q4 2019 Earnings Report
James River reported strong Q4 2019 results, marked by a low combined ratio and a record underwriting profit.
Key Takeaways
James River Group Holdings reported a net income of $20.5 million ($0.67 per diluted share) for Q4 2019, compared to $11.6 million ($0.38 per diluted share) for Q4 2018. Adjusted net operating income for the fourth quarter of 2019 was $23.3 million ($0.76 per diluted share), compared to $17.1 million ($0.56 per diluted share) for the same period in 2018. The combined ratio was 93.8%, and the underwriting profit was $13.6 million.
Net income reached $20.5 million, or $0.67 per diluted share.
Adjusted net operating income was $23.3 million, or $0.76 per diluted share.
Combined ratio improved to 93.8%, the lowest in three years.
Underwriting profit hit $13.6 million, the highest since becoming a public company in 2014.
Revenue by Segment
Forward Guidance
The strong rate environment, coupled with a 27% growth in submissions during the fourth quarter, positions us well for 2020.
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
Loading earnings performance data...
Loading earnings reaction data...