I suggest you make sure exactly where it is coming from. There are large drain holes on the forward edge of the exhaust housing, behind those mounting parts. It is absolutely normal for a considerable amount of water to come out those drain holes, especially if running on high water pressure/muffs. It is water that has escaped from the water pump, through the hole that the drive shaft passes through.
Yes, a worn water pump impeller or bad pump housing seals can increase the flow out the drains. So, we cannot make a reasonable judgement from here, how much is normal. It does seem an awful lot of water in the picture.