James River Group (JRVR) Reports Q4 Revenues Above Estimates

Note: EPS may not be comparable

James River Group (NASDAQ: JRVR) reported Q4 EPS of $0.13, versus $0.72 reported last year. Revenue for the quarter came in at $217.96 million versus the consensus estimate of $210.44 million.

• Fourth Quarter Net Income of $0.2 million -- $0.01 per diluted share, and Adjusted Net Operating Income of $4.1 million -- $0.13 per diluted share
• Full Year Adjusted Net Operating Return on Average Tangible Equity of 9.7%
• During the quarter, $29.8 million of unfavorable development in the Excess and Surplus Lines segment, driven by one large account in one prior underwriting year
• 85.5% growth in Gross Fee Income as compared to the prior year quarter; on a full year basis Gross Fee Income almost double prior year
• 6.0% growth in Pre-Dividend Shareholders' Equity per share since December 31, 2016; 9.5% growth in Pre-Dividend Tangible Equity per share since December 31, 2016
• Total capital of $23.9 million returned to shareholders during the quarter, and $50.6 million for the full year

For earnings history and earnings-related data on James River Group (JRVR) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• AeroVironment restates quarterly financials, citing $89M goodwill error
• Playboy to buy back 16.6M shares from Fortress at $1.05 each