NASDAQ$JRVR
James River Group Holdings Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
James River reported strong investment income and profitable underwriting results from continuing operations.
James River Group Holdings reported a net income from continuing operations available to common shareholders of $11.9 million, or $0.31 per diluted share. The company's adjusted net operating income was $12.7 million, or $0.33 per diluted share, reflecting strong investment income and profitable underwriting results from continuing operations. The Group combined ratio was 99.3%, and the adjusted net operating return on tangible common equity was 14.9%.
- Group combined ratio of 99.3% and adjusted net operating return on tangible common equity of 14.9%.
- E&S segment combined ratio of 95.4% and positive renewal rate change of 9.1%.
- Specialty Admitted Insurance segment combined ratio of 85.0%, with fronting and program gross written premium growth of 12.3% excluding the non-renewed workers' compensation program.
- Net investment income increased 36.7% compared to the prior year quarter, with all asset classes reporting higher income.
Headline financials
Revenue & EPS history
James River · Revenue · Quarterly
$188M
Revenue by segment
James River · $184M total across 2 segments · Q3 2023
- Excess and Surplus Lines$158M+13.3%85.8%
- Specialty Admitted Insurance$26.1M+46.3%14.2%
Forward guidance
The E&S LPT and ADC is effective January 1, 2024, but closed on July 2, 2024. As such, any applicable recoveries will be recognized beginning in the third quarter of 2024. As a result of the E&S LPT and ADC, the Company expects to recognize a reduction in pre-tax income of approximately $44.0 million in the third quarter of 2024.
Headwinds
- The Company expects to recognize a reduction in pre-tax income of approximately $44.0 million in the third quarter of 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-3.3%
Avg return
Earnings day
-5.5%
Avg return
5 days after
-6.3%
Avg return
30 days after
24%
12 / 49 earnings
Positive
+14.7%
Q3 2025
Best reaction
-28.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -23.6% | -32.3% | -35.7% | |
| Q4 2025 | -6.5% | -9.3% | -14.2% | |
| Q3 2025 | +14.7% | +6.6% | +15.3% | |
| Q1 2025 | -1.2% | -5.1% | +19.3% | |
| Q4 2024 | -28.4% | -16.9% | -17.6% | |
| Q3 2024 | -24.3% | -29.3% | -30.4% | |
| Q2 2024 | -8.3% | -6.4% | -11.4% | |
| Q1 2024 | -7.9% | -6.8% | -12.5% | |
| Q4 2023 | -5.6% | -6.7% | -12.1% | |
| Q3 2023 | -6.5% | -34.4% | -37.3% | |
| Q2 2023 | -8.1% | -9.2% | -17.8% | |
| Q1 2023 | +4.4% | +6.6% | -2.8% | |
| Q4 2022 | +8.7% | +10.2% | -6.6% | |
| Q3 2022 | -5.3% | -9.2% | -4.5% | |
| Q2 2022 | -1.3% | +2.3% | +0.0% | |
| Q1 2022 | +6.6% | +13.0% | +12.3% | |
| Q4 2021 | -19.3% | -21.8% | -8.6% | |
| Q3 2021 | -2.0% | -3.9% | -20.0% | |
| Q2 2021 | +4.5% | +5.6% | -0.5% | |
| Q1 2021 | -27.6% | -26.0% | -24.3% | |
| Q4 2020 | -1.9% | -5.9% | -7.1% | |
| Q3 2020 | -4.4% | -9.2% | -9.9% | |
| Q2 2020 | +2.0% | +1.0% | +6.2% | |
| Q1 2020 | -3.5% | -7.8% | +5.2% | |
| Q4 2019 | +5.9% | +3.2% | -33.6% | |
| Q3 2019 | -1.3% | -1.0% | +14.5% | |
| Q2 2019 | -2.1% | -1.4% | +2.9% | |
| Q1 2019 | +3.0% | +8.9% | +5.6% | |
| Q4 2018 | -3.0% | -2.5% | -5.5% | |
| Q3 2018 | -3.8% | -9.6% | -3.7% | |
| Q2 2018 | -0.2% | -3.2% | -1.1% | |
| Q1 2018 | +5.3% | +4.3% | +6.8% | |
| Q4 2017 | -13.2% | -15.8% | -14.0% | |
| Q3 2017 | -2.7% | -1.9% | -4.1% | |
| Q2 2017 | -0.6% | -0.2% | -0.7% | |
| Q1 2017 | -1.7% | -5.2% | -9.1% | |
| Q4 2016 | +4.8% | +4.1% | -2.2% | |
| Q3 2016 | -2.0% | -1.6% | +3.8% | |
| Q2 2016 | +0.8% | +3.8% | +9.8% | |
| Q1 2016 | +5.5% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q4 2015 | -5.7% | — | — | |
| Q3 2014 | -2.2% | — | — | |
| Q3 2015 | -2.2% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q2 2015 | -0.4% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q1 2015 | -0.5% | — | — | |
| Q4 2014 | -0.5% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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