James River Group Holdings Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

James River Group Holdings (NASDAQ:JRVR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$191.5m (down 17% from 3Q 2023).
• Net loss: US$40.7m (down by 341% from US$16.9m profit in 3Q 2023).
• US$1.07 loss per share (down from US$0.45 profit in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

James River Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 21% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with James River Group Holdings.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.