James River Group posts 4Q profit

PEMBROKE, Bermuda (AP) _ James River Group Holdings Ltd. (JRVR) on Wednesday reported fourth-quarter profit of $25.7 million.

The Pembroke, Bermuda-based company said it had net income of 85 cents per share. Earnings, adjusted for non-recurring gains, came to 77 cents per share.

The insurance holding company posted revenue of $169 million in the period.

For the year, the company reported profit of $74.5 million, or $2.49 per share. Revenue was reported as $586.2 million.

James River Group shares have climbed slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $42.09, an increase of 31 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JRVR at https://www.zacks.com/ap/JRVR


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