Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
James River Group ( (JRVR) ) has shared an update.
James River Group Holdings reported a significant net loss for Q3 2024, largely due to excess consideration paid over reserves in a recent reinsurance contract. Despite this, the company saw a 6% growth in its Excess and Surplus Lines segment and a strong investment income. Strategic partnerships and actions, including a notable partnership with Enstar Group, aim to boost the company’s financial positioning and leverage market opportunities. The company plans to redomicile to the US in 2025 to benefit from a lower tax rate.
For a thorough assessment of JRVR stock, go to TipRanks’ Stock Analysis page.
