Overview

* James River Q2 adjusted net operating income falls to $11.7 mln

* Excess & Surplus Lines segment grows 3% in gross written premium

* Specialty Admitted Insurance segment premium declines 35% yr/yr

Outlook

* Company focuses on enhancing profitability and operational efficiency

* James River aims to grow casualty E&S business through disciplined underwriting

* Company remains focused on managing expenses across segments

Result Drivers

* E&S PREMIUM GROWTH - Gross written premium in E&S segment exceeded $300 mln, marking a 3% yr/yr increase, driven by expansion in major underwriting divisions

* PRICE INCREASES - E&S segment renewal rates rose 13.9%, with excess casualty division seeing over 24% increase, per CEO Frank DOrazio

* EXPENSE MANAGEMENT - Group expense ratio declined to 30.5% from 32.7% in prior qtr due to reduced general and administrative expenses

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Gross $378 mln

Written

Premiums

Q2 $11.70

Adjusted mln

Operatin

g Income

Q2 30.5%

Expense

Ratio

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "buy"

* Wall Street's median 12-month price target for James River Group Holdings Ltd ( JRVR ) is $7.13, about 23.6% above its August 1 closing price of $5.44

* The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 4 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)