James River Group Holdings reported a net income available to common shareholders of $15.1 million, or $0.40 per diluted share, for Q4 2022, compared to a net loss of $66.3 million, or $1.78 per diluted share, for the same period in 2021. Adjusted net operating income for Q4 2022 was $20.2 million, or $0.53 per diluted share, compared to an adjusted net operating loss of $67.5 million for Q4 2021. The company's E&S segment experienced gross and net written premium growth, and net investment income increased significantly.
Group combined ratio of 91.7% and E&S segment combined ratio of 84.5%.
E&S segment gross and net written premium growth of 11.3% and 20.5%, respectively.
Net investment income increased 88.1% compared to the prior year quarter.
Adjusted net operating return on tangible common equity of 23.5%.
The fourth quarter of 2022 capped a year of significant progress and profitable momentum for James River, while positioning the Company extremely well for the future.
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