James River Group reports Q1 adjusted EPS 19c, consensus 29c

Reports Q1 revenue $172.29M, consensus $184.14M. CEO Frank D’Orazio commented on Q1, “Coming out of 2024, our first quarter results show progress in strengthening our underwriting performance and positioning the franchise for long-term, sustainable profitability. Our disciplined approach to risk selection, combined with the actions taken over the past year to strengthen our reserve position, are showing tangible results. As we move forward, we remain focused on delivering value to shareholders as we take advantage of the attractive E&S underwriting environment while closely managing our expenses.”