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Dec 31, 2021
James River Q4 2021 Earnings Report
James River reported a net loss for Q4 2021, driven by strategic actions to strengthen the balance sheet and address legacy commercial auto portfolio.
Key Takeaways
James River Group Holdings reported a net loss of $66.3 million for the fourth quarter of 2021, compared to a net loss of $20.3 million for the same period in 2020. The adjusted net operating loss was $67.5 million, compared to an adjusted net operating loss of $29.0 million in the prior year. The E&S segment reported an 82.1% combined ratio, and the Specialty Admitted unit grew fee income by 27.1% with an 84.7% combined ratio.
Reported a net loss of $66.3 million, or $1.78 per diluted share, for Q4 2021.
Adjusted net operating loss was $67.5 million, or $1.81 per diluted share.
E&S segment achieved an 82.1% combined ratio.
Specialty Admitted unit increased fee income by 27.1% and delivered an 84.7% combined ratio.
Revenue by Segment
Forward Guidance
Company believes it has unburdened the organization’s earnings potential, which should allow it to produce attractive future returns for shareholders. Company believes insurance franchises are well positioned to perform and continue to benefit from the industry’s macro tailwinds in 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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