NASDAQ$JRVR
James River Group Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
James River reported net income and adjusted net operating income, driven by growth in the E&S segment and increased investment income.
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%.
Headline financials
Revenue & EPS history
James River · Revenue · Quarterly
$200M
Revenue by segment
James River · $166M total across 2 segments · Q4 2022
- Excess and Surplus Lines$147M+1342.9%88.7%
- Specialty Admitted Insurance$18.9M+57.1%11.3%
Forward guidance
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.
Tailwinds
- Compelling underwriting conditions in insurance businesses.
- Attractive growth.
- Strength of underwriting franchise.
- Generating attractive growth
- Continue to take advantage of compelling underwriting conditions in our insurance businesses
Headwinds
- Suspended underwriting activities in Casualty Reinsurance segment.
- Non-renewal of several treaties.
- Higher reported loss trends during the fourth quarter of 2022
- Adverse development on treaties not subject to the Casualty Reinsurance LPT totaled $6.6 million.
- Segment premium decreased 76.8% compared to the prior year quarter.
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 2022
-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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