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James River Group Holdings, Ltd. (JRVR)
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| Income Statement |
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Annual | Quarterly | TTM |
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| In millions, except per share items | Jun-30-23 | Jun-30-22 | Mar-31-22 | Dec-31-21 | Sep-30-21 | Jun-30-21 | Mar-31-21 | Dec-31-20 |
| | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K |
| Revenues: |
| Excess and Surplus Lines | | 531.1 | 523.4 | 508.8 | 490.4 | 475.6 | 464.9 | 429.9 |
| Casualty Reinsurance | | 169.6 | 181.7 | 179.4 | 183.0 | 188.3 | 199.1 | 166.8 |
| Specialty Admitted Insurance | | 83.7 | 85.7 | 83.9 | 78.1 | 73.9 | 68.7 | 62.8 |
| Corporate and Other | | 0.7 | 1.1 | 0.8 | 8.2 | 8.5 | 8.7 | 9.1 |
| Total revenues | | 785.1 | 791.8 | 772.9 | 759.7 | 746.2 | 741.4 | 668.7 |
| Revenue growth | | 5.2% | 6.8% | 15.6% | 6.2% | -3.0% | -7.7% | -26.3% |
| Loss and loss adjustment expenses | | 257.0 | 245.6 | | | 383.5 | 273.5 | |
| Policy acquisition costs | | 70.8 | 71.0 | 69.7 | 78.0 | 74.7 | 72.9 | 75.6 |
| Other underwriting costs | | 71.4 | 68.9 | 67.4 | 61.5 | 59.4 | 59.1 | 60.5 |
| Other operating expenses | | 439.0 | 439.0 | 439.4 | 374.9 | 314.9 | 414.1 | 510.6 |
| General and administrative | | | | 527.5 | | | | 277.0 |
| EBITDA | | -48.0 | -27.6 | -182.0 | -132.4 | -80.4 | -72.2 | 28.1 |
| EBITDA margin | | -6.1% | -3.5% | -23.6% | -17.4% | -10.8% | -9.7% | 4.2% |
| Depreciation | | 4.4 | 4.4 | 4.4 | 4.3 | 4.4 | 4.4 | 4.5 |
| EBITA | | -52.4 | -32.0 | -186.4 | -136.7 | -84.7 | -76.7 | 23.7 |
| EBITA margin | | -6.7% | -4.0% | -24.1% | -18.0% | -11.4% | -10.3% | 3.5% |
| Amortization of intangibles | | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 |
| EBIT | | -52.7 | -32.3 | -186.8 | -137.1 | -85.1 | -77.1 | 23.1 |
| EBIT margin | | -6.7% | -4.1% | -24.2% | -18.0% | -11.4% | -10.4% | 3.5% |
| Interest expense, net [+] | | 10.4 | 8.6 | 8.6 | 7.6 | 7.5 | 8.2 | 8.9 |
| Interest expense | | 10.8 | 9.0 | 8.9 | 8.8 | 8.7 | 9.4 | 10.0 |
| Interest income | | | | 0.4 | | | | 1.2 |
| Other income (expense), net | | | | -0.4 | | | | -1.2 |
| Pre-tax income | | -63.9 | -41.7 | -196.0 | -147.0 | -95.0 | -87.7 | 11.9 |
| Income taxes | | 8.4 | 17.5 | -23.2 | -20.2 | -18.4 | -25.9 | 7.1 |
| Tax rate | | -13.2% | -41.9% | 11.9% | | 19.3% | 29.5% | |
| Net income | | -75.8 | -60.0 | -172.8 | -126.8 | -76.6 | -61.8 | 4.8 |
| Net margin | | -9.7% | -7.6% | -22.4% | -16.7% | -10.3% | -8.3% | 0.7% |
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| Basic EPS | | ($2.06) | ($1.67) | ($5.03) | ($3.81) | ($2.43) | ($2.02) | $0.16 |
| Diluted EPS | | ($2.06) | ($1.66) | ($5.03) | ($3.80) | ($2.41) | ($2.01) | $0.16 |
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| Shares outstanding (basic) | | 36.8 | 36.0 | 34.3 | 33.2 | 31.6 | 30.6 | 30.5 |
| Shares outstanding (diluted) | | 36.9 | 36.1 | 34.4 | 33.4 | 31.8 | 30.8 | 30.8 |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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