James River (US:JRVR)2020-03-05 11:31Business Overview - The company focuses on niche casualty risks with low retentions and little property exposure, aiming for superior underwriting margins[6] - Core E&S business accounted for approximately 41% of the group's net written premium in 2019, a significant increase from 29% in 2017[7] - The E&S segment represents 63% of group-wide gross written premium[9] - The company targets low double-digit or better operating returns on tangible equity for 2020[7] Financial Performance & Growth - Gross written premium increased from $1081.9 million in 2017 to $1470.7 million in 2019[8] - Net written premium increased from $766.6 million in 2017 to $896.2 million in 2019[8] - Core E&S gross written premium has grown 55% year-to-date compared to the prior year[9] - The company's market capitalization was $1.382 billion as of February 24, 2020[32] Investment Strategy - The investment portfolio includes $2.2 billion in total cash and investments[24] - The investment portfolio consists of 65% fixed maturity securities, 4% equity securities, 12% bank loans, 7% short-term investments, and 3% other invested assets[24]