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JRVR logoJames River Group Holdings, Ltd.(JRVR)Earnings, Financials & Key Ratios

JRVR•NASDAQ•Insurance & Managed Care
$4.51
$207M mkt cap·5.7× P/E·Price updated May 6, 2026
SectorFinancial ServicesIndustrySpecialty InsuranceSub-IndustrySpecialty Commercial P&C Carriers
AboutJames River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia. This segment distributes its insurance policies primarily through wholesale insurance brokers. The Specialty Admitted Insurance segment provides workers' compensation coverage for building trades, healthcare employees, goods and services, light manufacturing, specialty transportation, and agriculture, as well as fronting and program business. The Casualty Reinsurance segment offers proportional and working layer casualty reinsurance to third parties and other insurance companies. James River Group Holdings, Ltd. was founded in 2002 and is headquartered in Pembroke, Bermuda.Show more
  • Revenue$688M-2.8%
  • Combined Ratio92.65%-15.8%
  • Net Income$47M+158.5%
  • Return on Equity7.5%+158.8%
  • Medical Cost Ratio71.65%-18.3%
  • Operating Margin7.35%+173.1%
  • Net Margin6.9%+160.2%
  • ROA0.96%+161.2%
  • Equity / Assets13.81%+16.4%
  • Book Value per Share11.19-27.2%
  • Tangible BV/Share7.10-27.7%
  • Debt/Equity0.49-4.2%
Technical→

JRVR Key Insights

James River Group Holdings, Ltd. (JRVR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Profitable underwriting: 92.6% combined ratio
  • ✓Strong 5Y profit CAGR of 58.0%
  • ✓Trading at only 0.4x book value

✗Weaknesses

  • ✗Shares diluted 55.1% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

JRVR Price & Volume

James River Group Holdings, Ltd. (JRVR) stock price & volume — 10-year historical chart

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JRVR Growth Metrics

James River Group Holdings, Ltd. (JRVR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years3.14%
5 Years0.56%
3 Years1.3%
TTM-1.78%

Profit CAGR

10 Years-1.2%
5 Years57.95%
3 Years15.26%
TTM133.27%

EPS CAGR

10 Years-8.01%
5 Years37.63%
3 Years10.22%
TTM110.01%

Return on Capital

10 Years1.33%
5 Years0.7%
3 Years1.52%
Last Year4.29%

JRVR Recent Earnings

James River Group Holdings, Ltd. (JRVR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 4, 2026
EPS
$0.12
Est $0.27
-55.4%
Revenue
$136M
Est $155M
-12.5%
Q2 2026
Mar 2, 2026
EPS
$0.30
Est $0.31
-3.2%
Revenue
$147M
Est $154M
-4.1%
Q4 2025
Nov 3, 2025
EPS
$0.32
Est $0.26
+23.1%
Revenue
$173M
Est $172M
+0.4%
Q3 2025
Aug 4, 2025
EPS
$0.23
Est $0.22
+4.5%
Revenue
$175M
Est $179M
-2.4%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 4, 2026
$0.12vs $0.27-55.4%
$136Mvs $155M-12.5%
Q2 2026Mar 2, 2026
$0.30vs $0.31-3.2%
$147Mvs $154M-4.1%
Q4 2025Nov 3, 2025
$0.32vs $0.26+23.1%
$173Mvs $172M+0.4%
Q3 2025Aug 4, 2025
$0.23vs $0.22+4.5%
$175Mvs $179M-2.4%
Based on last 12 quarters of dataView full earnings history →

JRVR Peer Comparison

James River Group Holdings, Ltd. (JRVR) competitors in Specialty Commercial P&C Carriers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
ACGL logoACGLArch Capital Group Ltd.Direct Competitor33.74B94.708.1514.27%22.07%19.02%0.11
RLI logoRLIRLI Corp.Direct Competitor4.51B49.0111.246.33%20.8%22%0.06
KNSL logoKNSLKinsale Capital Group, Inc.Direct Competitor7.03B303.5814.0218.04%27.48%28.05%0.11
SKWD logoSKWDSkyward Specialty Insurance Group, Inc.Direct Competitor1.95B43.8410.7723.18%11.82%18.15%0.12
PLMR logoPLMRPalomar Holdings, Inc.Direct Competitor2.94B110.7515.4558.16%22.56%22.79%0.01
HCI logoHCIHCI Group, Inc.Product Competitor2B154.146.2020.21%33.16%36.22%0.06
NODK logoNODKNI Holdings, Inc.Product Competitor266.12M12.90-100%0.87%1.05%
HRTG logoHRTGHeritage Insurance Holdings, Inc.Product Competitor887.78M28.7214.2911.08%17.72%41.44%0.49

Compare JRVR vs Peers

James River Group Holdings, Ltd. (JRVR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACGL

Most directly comparable listed peer for JRVR.

Scale Benchmark

vs MMC

Larger-name benchmark to compare JRVR against a more recognizable public peer.

Peer Set

Compare Top 5

vs ACGL, RLI, KNSL, SKWD

JRVR Income Statement

James River Group Holdings, Ltd. (JRVR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Revenue817.63M885.6M907.13M668.69M609.03M661.51M812.01M707.63M687.61M666.71M
Revenue Growth %39.47%8.31%2.43%-26.28%-8.92%8.62%22.75%-12.85%-2.83%-1.78%
Medical Costs & Claims671.38M711.38M756M554.12M614.06M490.45M572.79M620.33M492.64M483.74M
Medical Cost Ratio %82.11%80.33%83.34%82.87%100.83%74.14%70.54%87.66%71.65%72.56%
Gross Profit
146.25M▲ 0%
174.22M▲ 19.1%
151.13M▼ 13.3%
114.57M▼ 24.2%
-5.03M▼ 104.4%
171.06M▲ 3504.2%
239.22M▲ 39.8%
87.29M▼ 63.5%
194.97M▲ 123.4%
182.97M▲ 0%
Gross Margin %17.89%19.67%16.66%17.13%-0.83%25.86%29.46%12.34%28.35%27.44%
Gross Profit Growth %-8.13%19.13%-13.25%-24.19%-104.39%3504.24%39.84%-63.51%123.35%-
Operating Expenses91.1M103.38M99.26M102.63M103.11M117.79M152.31M158.41M144.43M159.07M
OpEx / Revenue %11.14%11.67%10.94%15.35%16.93%17.81%18.76%22.39%21%23.86%
Depreciation & Amortization2.12M4.21M4.06M5.02M4.71M1.05M-475K-709K-717K793K
Combined Ratio %93.26%92%94.28%98.21%117.75%91.95%89.3%110.05%92.65%96.42%
Operating Income
55.15M▲ 0%
70.84M▲ 28.5%
51.87M▼ 26.8%
11.94M▼ 77.0%
-108.13M▼ 1005.8%
53.27M▲ 149.3%
86.91M▲ 63.2%
-71.12M▼ 181.8%
50.54M▲ 171.1%
23.9M▲ 0%
Operating Margin %6.74%8%5.72%1.79%-17.75%8.05%10.7%-10.05%7.35%3.58%
Operating Income Growth %-30.5%28.46%-26.78%-76.99%-1005.84%149.27%63.15%-181.83%171.07%-
EBITDA57.27M75.05M55.93M16.96M-103.42M54.32M86.44M-71.83M49.83M24.69M
EBITDA Margin %7%8.47%6.17%2.54%-16.98%8.21%10.65%-10.15%7.25%3.7%
Interest Expense8.97M11.55M10.6M10.03M8.92M13.87M24.63M24.67M23.54M23.59M
Non-Operating Income-8.97M-11.55M-10.6M-10.03M-8.92M-13.87M-24.63M-24.67M-23.54M-18M
Pretax Income
55.15M▲ 0%
70.84M▲ 28.5%
51.87M▼ 26.8%
11.94M▼ 77.0%
-108.13M▼ 1005.8%
53.27M▲ 149.3%
86.91M▲ 63.2%
-71.12M▼ 181.8%
50.54M▲ 171.1%
23.9M▲ 0%
Pretax Margin %6.74%8%5.72%1.79%-17.75%8.05%10.7%-10.05%7.35%3.58%
Income Tax11.58M7.01M13.53M7.11M-23.23M18.41M25.7M-7.63M723K-6.16M
Effective Tax Rate %21%9.89%26.08%59.59%21.49%34.57%29.58%10.73%1.43%-25.77%
Net Income
43.57M▲ 0%
63.83M▲ 46.5%
38.34M▼ 39.9%
4.82M▼ 87.4%
-172.8M▼ 3682.1%
30.97M▲ 117.9%
-107.68M▼ 447.7%
-81.12M▲ 24.7%
47.43M▲ 158.5%
28.93M▲ 0%
Net Margin %5.33%7.21%4.23%0.72%-28.37%4.68%-13.26%-11.46%6.9%4.34%
Net Income Growth %-41.5%46.51%-39.94%-87.42%-3682.07%117.92%-447.67%24.67%158.47%133.27%
EPS (Diluted)
1.44▲ 0%
2.11▲ 46.5%
1.25▼ 40.8%
0.16▼ 87.2%
-4.94▼ 3187.5%
0.59▲ 111.9%
-3.13▼ 630.5%
-3.06▲ 2.2%
0.79▲ 125.8%
0.63▲ 0%
EPS Growth %-42.17%46.53%-40.76%-87.2%-3187.5%111.94%-630.51%2.24%125.82%110.01%
EPS (Basic)1.482.141.270.16-4.940.59-3.14-3.061.03-
Diluted Shares Outstanding30.27M30.31M30.67M30.88M34.96M37.65M37.81M38.69M60.01M46.1M

JRVR Balance Sheet

James River Group Holdings, Ltd. (JRVR) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Assets2.76B3.14B5.02B5.06B4.95B5.14B5.32B5.01B4.86B1.73B
Asset Growth %17.48%13.79%60.18%0.77%-2.26%3.81%3.51%-5.83%-2.94%-62.28%
Total Investment Assets1.45B1.68B1.99B2.2B2.13B3.9B1.71B1.55B1.7B4M
Long-Term Investments1.14B1.34B1.67B2B1.92B2.01B1.52B1.37B1.07B3.15B
Short-Term Investments1.05B1.27B1.59B1.91B1.81B1.89B1.4B617.11M627.16M1.43B
Total Current Assets2.85M2.23B0004.04B003.41B1.79B
Cash & Equivalents163.5M172.46M206.91M162.26M190.12M173.16M274.3M362.35M260.94M227.61M
Receivables001.07B1.23B1.83B1.61B1.77B2.36B2.31B7.13B
Other Current Assets00-3.05B-3.55B-4.12B730.17M-3.73B-3.64B8.48M0
Goodwill & Intangibles220.16M219.37M218.77M218.23M217.87M217.51M214.64M214.28M245.2M947.79M
Goodwill181.83M181.83M181.83M181.83M181.83M181.83M181.83M181.83M181.83M213.83M
Intangible Assets38.33M37.54M36.94M36.4M36.04M35.68M32.81M32.45M63.37M0
PP&E (Net)25M23.31M1.77M1.29M781K9.45M17M19.77M21.94M0
Other Assets-13.64M-21.64M-1.89B-2.22B-2.14B-8.09M-1.75B-1.61B46.63M0
Total Liabilities2.06B2.43B4.25B4.27B4.22B4.44B4.64B4.41B4.19B4.11B
Total Debt202.35M222.35M262.36M366.36M366.36M326.36M326.36M304.86M329.86M0
Net Debt38.86M49.9M55.44M204.09M176.23M153.19M52.06M-57.49M68.91M-227.61M
Long-Term Debt202.35M222.35M262.36M366.36M366.36M326.36M326.36M304.86M329.86M0
Short-Term Debt0000000000
Total Current Liabilities56.27M61.66M000123.5M003.75B0
Accounts Payable56.27M61.66M108.06M110.43M135.62M123.12M158.67M132.92M68.46M0
Deferred Revenue00000119.57M00447.64M0
Other Current Liabilities-56.27M-63.58M-167.96M-166.42M-193.54M-189.97M-215.39M-186.1M3.19B0
Deferred Taxes1000K1000K01000K01000K0000
Other Liabilities1.85B2.21B-262.36M-367.46M-366.36M3.82B-347.09M-362.82M17.78M4.11B
Total Equity
694.7M▲ 0%
709.24M▲ 2.1%
778.58M▲ 9.8%
795.61M▲ 2.2%
725.36M▼ 8.8%
698.66M▼ 3.7%
679.52M▼ 2.7%
594.03M▼ 12.6%
671.27M▲ 13.0%
518.42M▲ 0%
Equity Growth %0.21%2.09%9.78%2.19%-8.83%-3.68%-2.74%-12.58%13%-17.64%
Shareholders Equity694.7M709.24M778.58M795.61M725.36M698.66M679.52M594.03M671.27M518.42M
Minority Interest0000000000
Retained Earnings48.2M79.75M89.59M49.23M-166.66M-152.06M-277.9M-402.41M-364.73M-376.1M
Common Stock6K6K6K6K7K7K7K9K9K9K
Accumulated OCI10.35M-15.83M31.11M81.9M29.98M-163.04M-63.72M-70M-34.74M-43.9M
Return on Equity (ROE)6.28%9.09%5.15%0.61%-22.72%4.35%-15.63%-12.74%7.5%4.72%
Return on Assets (ROA)1.71%2.17%0.94%0.1%-3.45%0.61%-2.06%-1.57%0.96%0.7%
Equity / Assets25.2%22.61%15.5%15.71%14.66%13.6%12.78%11.86%13.81%30%
Debt / Equity0.29x0.31x0.34x0.46x0.51x0.47x0.48x0.51x0.49x0.49x
Book Value per Share22.9523.4025.3825.7620.7518.5617.9715.3611.1911.25
Tangible BV per Share15.6816.1618.2518.6914.5212.7812.299.827.106.61

JRVR Cash Flow Statement

James River Group Holdings, Ltd. (JRVR) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations207.82M290.03M1.49B-273.83M-913.55M222.73M87.95M-247.09M-18.79M-18.79M
Operating CF Growth %37.48%39.56%413.41%-118.39%-233.62%124.38%-60.51%-380.93%92.4%143.52%
Operating CF / Revenue %25.42%32.75%164.15%-40.95%-150%33.67%10.83%-34.92%-2.73%-2.82%
Net Income43.57M63.83M38.34M4.82M-172.8M30.97M-107.68M-81.12M47.43M28.93M
Depreciation & Amortization2.12M4.21M4.06M5.02M4.71M1.05M-475K-709K521K0
Stock-Based Compensation7.69M6.23M7.18M7.63M6.66M8.12M9.12M6.63M5.04M0
Deferred Taxes-364K-5.86M-4.92M-4.42M-20.4M4.63M-5.97M-11.21M-14.39M0
Other Non-Cash Items-12.33M28.66M-7.5M14.36M-19.83M39.68M144.88M5.49M4.54M40.01M
Working Capital Changes167.13M192.96M1.45B-301.24M-711.89M138.29M48.09M-166.17M-61.93M0
Cash from Investing-104.74M-266.77M-263.36M-175.99M35.82M-328.15M16.73M307.03M-116.04M-63.01M
Capital Expenditures00-519K-549K-6.3M-8.22M-6.43M-4.89M0-3.58M
Acquisitions00519K000096.41M00
Purchase of Investments-284.47M-477.67M-530.73M-592.13M-403.05M-748.53M-223M-220.15M0-308.03M
Sale/Maturity of Investments217.23M231.43M271.58M328.12M444.83M450.27M235.63M424.74M0268.57M
Other Investing-37.51M-20.53M-4.22M88.58M348K-21.68M10.54M10.92M-116.04M-19.97M
Cash from Financing-49.36M-14.29M7.96M65.92M147.67M89.67M-21.11M-28.85M13.2M-8.68M
Dividends Paid-50.83M-36.12M-36.72M-37.05M-43.24M-13.92M-18.25M-19M-9.87M-7.3M
Share Repurchases-9.45M-2.24M-2.9M-3.6M0-1.3M-1.73M00-5K
Stock Issued1.71M5.17M00192.11M144.9M012.5M00
Debt Issuance (Net)1000K1000K1000K1000K0-1000K0-1000K1000K-1.05M
Other Financing916K4.07M7.58M2.58M-1.2M0-1.14M-847K-745K-195K
Net Change in Cash
53.71M▲ 0%
8.96M▼ 83.3%
1.23B▲ 13665.0%
-383.9M▼ 131.1%
-730.05M▼ 90.2%
-15.75M▲ 97.8%
83.57M▲ 630.6%
31.1M▼ 62.8%
-121.63M▼ 491.1%
-72.28M▲ 0%
Exchange Rate Effect000000000-33.26M
Cash at Beginning109.78M163.5M172.46M1.41B1.02B292.13M276.38M359.95M391.05M269.42M
Cash at End163.5M172.46M1.41B1.02B292.13M276.38M359.95M391.05M269.42M236.16M
Free Cash Flow
207.82M▲ 0%
290.03M▲ 39.6%
1.49B▲ 413.2%
-274.38M▼ 118.4%
-919.85M▼ 235.2%
214.51M▲ 123.3%
81.52M▼ 62.0%
-251.97M▼ 409.1%
-23.59M▲ 90.6%
29.1M▲ 0%
FCF Growth %37.48%39.56%413.23%-118.43%-235.25%123.32%-62%-409.1%90.64%108.87%
FCF Margin %25.42%32.75%164.09%-41.03%-151.03%32.43%10.04%-35.61%-3.43%4.36%
FCF per Share6.869.5748.53-8.88-26.315.72.16-6.51-0.39-0.39

JRVR Key Ratios

James River Group Holdings, Ltd. (JRVR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Combined Ratio93.26%92%94.28%98.21%117.75%91.95%89.3%110.05%92.65%96.42%
Medical Cost Ratio82.11%80.33%83.34%82.87%100.83%74.14%70.54%87.66%71.65%72.56%
Return on Equity (ROE)6.28%9.09%5.15%0.61%-22.72%4.35%-15.63%-12.74%7.5%4.72%
Return on Assets (ROA)1.71%2.17%0.94%0.1%-3.45%0.61%-2.06%-1.57%0.96%0.7%
Equity / Assets25.2%22.61%15.5%15.71%14.66%13.6%12.78%11.86%13.81%30%
Book Value / Share22.9523.425.3825.7620.7518.5617.9715.3611.1911.25
Debt / Equity0.29x0.31x0.34x0.46x0.51x0.47x0.48x0.51x0.49x0.49x
Revenue Growth39.47%8.31%2.43%-26.28%-8.92%8.62%22.75%-12.85%-2.83%-1.78%

JRVR SEC Filings & Documents

James River Group Holdings, Ltd. (JRVR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 4, 2026·SEC

Material company update

Apr 14, 2026·SEC

Material company update

Mar 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Mar 3, 2026·SEC

FY 2025

Mar 4, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Nov 4, 2025·SEC

FY 2025

Aug 5, 2025·SEC

JRVR Frequently Asked Questions

James River Group Holdings, Ltd. (JRVR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

James River Group Holdings, Ltd. (JRVR) saw revenue decline by 2.8% over the past year.

Yes, James River Group Holdings, Ltd. (JRVR) is profitable, generating $28.9M in net income for fiscal year 2025 (6.9% net margin).

Dividend & Returns

Yes, James River Group Holdings, Ltd. (JRVR) pays a dividend with a yield of 0.74%. This makes it attractive for income-focused investors.

James River Group Holdings, Ltd. (JRVR) has a return on equity (ROE) of 7.5%. This is below average, suggesting room for improvement.

Industry Metrics

James River Group Holdings, Ltd. (JRVR) has a combined ratio of 92.6%. A ratio below 100% indicates underwriting profitability.

Explore More JRVR

James River Group Holdings, Ltd. (JRVR) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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