James River Group (JRVR) Tops Q1 EPS by 12c

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James River Announces First Quarter 2019 Results

May 1, 2019 4:05 PM EDT

First Quarter 2019 Net Income of $22.7 million -- $0.75 per diluted share -- a 45% increase over the first quarter of 2018, and Adjusted Net Operating Income of $21.7 million -- $0.71 per diluted share -- a 31% increase over the first quarter of 2018 Annualized Adjusted Net Operating Return on Average Tangible Equity of 16.9%  Tangible Book Value per Share of $17.74, an increase of 10.4% from year-end 2018, inclusive of dividends Expense Ratio of 22.6%, an improvement of 2.3 percentage points over the prior year quarter Net Investment Income of $19.4 million, an increase of 47%, or $6.2 million, over the prior year... More