James River Q4 reserve charge outweighs underlying gains, drives underwriting loss
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James River Q4 reserve charge outweighs underlying gains, drives underwriting loss

James Thaler
February 25, 2021
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James River logo richmond VA jt v2.jpg

A previously announced reserve charge at James River (JRVR) pushed the company to a fourth quarter underwriting loss, offsetting strong underlying margin improvement that benefited from the highest rate increases the non-admitted specialist earned in its excess and surplus (E&S) division all year.

James River fell to an adjusted operating loss of $29mn, or about $0.95 a share, down from the $23mn in operating income a year ago, when the company earned $0.76

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