Published on 11 May 2024 on GuruFocus.com via Yahoo Finance
James River Group Holdings Ltd (JRVR) Q1 2024 Earnings: Surpasses EPS Estimates, Strong ...
Net Income from Continuing Operations: $20.88 million, significantly exceeding the estimated $19.09 million.Earnings Per Share (EPS): Reported at $0.35, below the estimated $0.46.Revenue: Gross written premium totaled $330.81 million, indicating robust business activity though not directly comparable to revenue estimates.Investment Income: Net investment income rose by 22.8% year-over-year, highlighting effective asset management.Combined Ratios: Excess and Surplus Lines segment reported a favorable combined ratio of 87.3%, reflecting efficient underwriting profitability.Dividend: Declared a quarterly cash dividend of $0.05 per common share, underscoring a commitment to shareholder returns.Strategic Developments: Sale of JRG Reinsurance Company Ltd completed, focusing future operations on more profitable segments.
Warning! GuruFocus has detected 2 Warning Sign with JRVR.