James River Group reports Q3 adjusted EPS 32c, consensus 24c

Reports Q3 revenue $172.7M, consensus $179.21M. Reports Q3 net earned premiums $148.5M. Reports Q3 combined ratio of 94.0% vs. 135.5% last year. Tangible common equity per share was $8.24 at quarter-end, an increase of 23.4% since December 31, 2024. “The Company’s third quarter results provide strong returns for our shareholders and demonstrate our underwriting discipline across a casualty-focused small and medium enterprise portfolio that is delivering solid performance, especially in the most recent accident years following our significant underwriting changes” said Frank D’Orazio, the company’s CEO.