James River matches forecasts despite reserve charge

A consensus of analysts' forecasts perfectly predicted James
River Group's $14.9mn, or $0.49 per share, operating profit for
the second quarter despite a modest reserve charge revealed by the
Bermudian.
An average of five analysts' estimates compiled by
MarketWatch correctly predicted that profit would rise 8.8 percent
from the $13.7mn the carrier reported for the same period last
year.
"This quarter we also reacted to some negative developments
in our business; it is our practice to do so quick