James River’s stock plummets after it reports $7.8mn unfavorable E&S casualty reserve development
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

James River’s stock plummets after it reports $7.8mn unfavorable E&S casualty reserve development

james river logo nasdaq.jpg

James River’s stock price plummeted more than 30% on Thursday, after the firm sustained downgrades from equity analysts over concerns around the insurer’s E&S casualty reserves.

In its Q3 2022 earnings report, the firm’s E&S segment reported an unfavorable reserve development of $7.8mn reflecting adverse emergence in older accident years within its general casualty line.

Following

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Gift this article