James River Group reports Q2 adjusted EPS 33c, consensus 42c

Reports Q2 revenue $188.29M, consensus $189.2M. Frank D’Orazio, the Company’s Chief Executive Officer, commented on the second quarter, “James River has continued to execute on its strategic priorities of de-risking the organization and generating attractive returns on our capital. E&S market conditions remain favorable amid accelerating submission growth and a strong rate environment during the second quarter as we continue to re-profile segments of our portfolio. While we executed an attractive retroactive reinsurance transaction last month, our Board of Directors continues its exploration of strategic alternatives for the Company that was announced in November of 2023.”