NASDAQ$JRVR
James River Group Holdings Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
James River reported a net loss for Q4 2020, impacted by unfavorable development in the E&S and Casualty Reinsurance segments. However, the company highlighted strong growth in Core E&S and opportunities in the Specialty Admitted Insurance segment.
James River Group Holdings reported a net loss of $20.3 million for the fourth quarter of 2020, compared to a net income of $20.5 million for the same period in 2019. The adjusted net operating loss was $29.0 million, compared to an adjusted net operating income of $23.3 million in the prior year. The results were impacted by unfavorable reserve development in the E&S and Casualty Reinsurance segments.
- 39% growth in Core (excluding Commercial Auto) Excess and Surplus Lines ("E&S") Gross Written Premium and 9.3% increase in E&S renewal pricing.
- Net Investment Income of $22.2 million, an increase of 7%, or $1.4 million.
- $62.3 million of unfavorable development in the E&S segment, inclusive of $75.8 million of unfavorable development in Commercial Auto and $13.5 million of favorable development in Core E&S.
- Additionally, there was $24.7 million of unfavorable development in the Casualty Reinsurance segment
Headline financials
Revenue & EPS history
James River · Revenue · Quarterly
$159M
Revenue by segment
James River · $124M total across 2 segments · Q4 2020
- Excess and Surplus Lines$110M-34.8%88.1%
- Specialty Admitted Insurance$14.8M+1.3%11.9%
Forward guidance
James River is positioned to capitalize on favorable market conditions in its Core E&S business and fronting business within the Specialty Admitted Insurance segment.
Tailwinds
- Core E&S business is operating in its most attractive rate environment in recent memory.
- Fronting business within the Specialty Admitted Insurance segment continues to see new opportunities for profitable growth with new partners.
- Submission volume in E&S remains strong.
- The 9.3% renewal rate increase was the 16th consecutive quarter of rate increases.
- Fee income in fronting business grew 22% during 2020.
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 Q4 2020
-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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