Financial PerformanceJames River reported adjusted 4Q operating EPS of ($0.99), impacted mainly by the $53 million consideration paid in connection with the E&S adverse development reinsurance contract.
Investor ConfidenceIt will likely take some time for management to regain the confidence of investors and prove the effectiveness of their recent actions.
Operational EfficiencyThe aggregate company-wide combined ratio was 155.1%, which was higher than expected.