Financial Services · Insurance - Specialty
Price
$4.19
Market Cap
$193.5M
Employees
645
Beta
-0.16
Avg Volume
393,283
CEO
Frank N. D'Orazio
Business Description
James River Group Holdings, Ltd. operates as an insurance holding company, delivering specialized insurance and reinsurance offerings across the United States through its subsidiary companies. Its business activities are divided into three main operational units: Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance. The Excess and Surplus Lines division is responsible for underwriting commercial liability and property insurance for non-standard or unique risks, with its coverage extending nationwide across all U.S. states and the District of Columbia. The distribution of these insurance products is primarily handled by wholesale insurance brokers. Conversely, the Specialty Admitted Insurance segment focuses on providing workers' compensation protection. This includes serving industries such as construction trades, healthcare professionals, general goods and services, light manufacturing, specialized transportation, and farming. This unit also engages in fronting and program insurance ventures. Finally, the Casualty Reinsurance segment offers both proportional and working layer casualty reinsurance solutions to a range of third-party clients and other insurance providers. James River Group Holdings, Ltd. was established in 2002 and maintains its corporate headquarters in Pembroke, Bermuda.
Business History
Price Overview
Last updated: Jun 27, 2026 10:08am (just now)$4.44
+0.41 (+10.17%)
Day Range
$4.09 – $4.46
52-Week Range
$3.76 – $7.20
50-Day MA
$4.68
200-Day MA
$5.73
Volume
1,841,644.00
Analyst Price Targets
Low
$4.75
Consensus
$5.88
High
$7.00
(7 analysts)
Share Structure
Outstanding
46,236,856.00
Float
40,572,841.00
Free Float
87.7%
High free float
— 87.7% of shares trade freely, ~12.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
7.08
Stock Price: $4.19
EPS (Diluted): 1.03
EPS (Diluted): 1.03
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.44
Stock Price: $4.19
Total Equity: $671.27M
Shares: 60,013,622
Total Equity: $671.27M
Shares: 60,013,622
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
6.43
Market Cap: $193.50M
Total Debt: $329.86M
Cash: $260.94M
EBITDA: $74.60M
Total Debt: $329.86M
Cash: $260.94M
EBITDA: $74.60M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$361.3M
Market Cap: $193.50M
Total Debt: $329.86M
Cash: $260.94M
Total Debt: $329.86M
Cash: $260.94M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
28.4%
Gross Profit: $194.97M
Revenue: $687.61M
Revenue: $687.61M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
7.4%
Operating Income: $50.54M
Revenue: $687.61M
Revenue: $687.61M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
6.9%
Net Income: $47.43M
Revenue: $687.61M
Revenue: $687.61M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
4.5%
Net Income: $47.43M
Total Equity: $671.27M
Total Equity: $671.27M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
2.2%
Operating Income: $50.54M
Tax Rate: 1.4%
Equity: $671.27M
Total Debt: $329.86M
Cash: $260.94M
Tax Rate: 1.4%
Equity: $671.27M
Total Debt: $329.86M
Cash: $260.94M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.91
Current Assets: $3.41B
Current Liabilities: $3.75B
Current Liabilities: $3.75B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.49
Short-Term Debt: $0.00
Long-Term Debt: $329.86M
Total Debt: $329.86M
Total Equity: $671.27M
Long-Term Debt: $329.86M
Total Debt: $329.86M
Total Equity: $671.27M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$11.46
Revenue: $687.61M
Shares: 60,013,622
Shares: 60,013,622
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$11.19
Total Equity: $671.27M
Shares: 60,013,622
Shares: 60,013,622
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.39
Operating CF: -$18.79M
CapEx: -$4.80M
Shares: 60,013,622
CapEx: -$4.80M
Shares: 60,013,622
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
3.4%
Last Dividend: N/A
Stock Price: $4.19
Stock Price: $4.19
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $47.43M
Net Income: $47.43M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares JRVR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 22, 2026 12:16pm (4d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $609.0M | $661.5M | $812.0M | $707.6M | $687.6M |
| Cost of Revenue | $614.1M | $490.5M | $572.8M | $620.3M | $492.6M |
| Gross Profit | -$5.0M | $171.1M | $239.2M | $87.3M | $195.0M |
| Operating Expenses | $103.1M | $117.8M | $152.3M | $158.4M | $144.4M |
| Operating Income | -$108.1M | $53.3M | $86.9M | -$71.1M | $50.5M |
| Net Income | -$172.8M | $31.0M | -$107.7M | -$81.1M | $47.4M |
| EBITDA | -$94.5M | $68.2M | $111.1M | -$47.2M | $74.6M |
| EPS | $-4.94 | $0.59 | $-3.14 | $-3.06 | $1.03 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 25, 2026 12:02pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $190.1M | $173.2M | $274.3M | $362.3M | $260.9M |
| Total Current Assets | $0 | $4.0B | $0 | $0 | $3.4B |
| Total Assets | $4.9B | $5.1B | $5.3B | $5.0B | $4.9B |
| Current Liabilities | $0 | $123.5M | $0 | $0 | $3.8B |
| Long-Term Debt | $366.4M | $326.4M | $326.4M | $304.9M | $329.9M |
| Total Liabilities | $4.2B | $4.4B | $4.6B | $4.4B | $4.2B |
| Total Equity | $725.4M | $698.7M | $679.5M | $594.0M | $671.3M |
| Retained Earnings | -$166.7M | -$152.1M | -$277.9M | -$402.4M | -$364.7M |
Cash Flow (Annual)
Last updated: Jun 25, 2026 12:02pm (1d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$913.5M | $222.7M | $88.0M | -$247.1M | -$18.8M |
| Capital Expenditure | -$6.3M | -$8.2M | -$6.4M | -$4.9M | -$4.8M |
| Free Cash Flow | -$919.8M | $214.5M | $81.5M | -$252.0M | -$23.6M |
| Acquisitions (net) | $0 | $0 | $0 | $96.4M | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$1.3M | -$1.7M | $0 | $0 |
| Net Change in Cash | -$730.1M | -$15.7M | $83.6M | $31.1M | -$121.6M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 1:16pm (20h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$606.6M $601.6M – $611.6M
|
$541.2M $536.7M – $545.7M
|
$551.1M $540.9M – $561.3M
|
$673.8M $644.3M – $703.4M
|
| EBITDA |
$151.5M $150.2M – $152.7M
|
$135.1M $134.0M – $136.2M
|
$137.6M $135.1M – $140.1M
|
$168.2M $160.9M – $175.6M
|
| Net Income |
$71.1M $70.4M – $71.9M
|
$50.0M $49.4M – $50.5M
|
$58.1M $57.5M – $58.7M
|
$78.7M $77.9M – $79.6M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 22, 2026 12:16pm (4d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +8.6% | +22.8% | -12.9% | -2.8% |
| Gross Profit Growth | +3,504.2% | +39.8% | -63.5% | +123.4% |
| Operating Income Growth | +149.3% | +63.2% | -181.8% | +171.1% |
| Net Income Growth | +117.9% | -447.7% | +24.7% | +158.5% |
| EBITDA Growth | +172.2% | +62.9% | -142.5% | +258.2% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-08 | Basu Rajiv | 0.00 | $0.00 | $0 | |
| 2026-05-04 | Sutherland Todd Randell | F-InKind | 937.00 | $6.13 | $5,744 |
| 2026-03-05 | McCoy James Paul | F-InKind | 4,517.00 | $6.44 | $29,089 |
| 2026-03-05 | Hoffmann Michael J. | F-InKind | 8,939.00 | $6.44 | $57,567 |
| 2026-03-05 | D'Orazio Frank | F-InKind | 14,128.00 | $6.44 | $90,984 |
| 2026-03-05 | Doran Sarah C. | F-InKind | 8,741.00 | $6.44 | $56,292 |
| 2026-03-05 | Miller Jeanette L | F-InKind | 4,126.00 | $6.44 | $26,571 |
| 2026-03-04 | Sutherland Todd Randell | A-Award | 28,818.00 | $0.00 | $0 |
| 2026-03-04 | Miller Jeanette L | A-Award | 26,714.00 | $0.00 | $0 |
| 2026-03-04 | McCoy James Paul | A-Award | 18,912.00 | $0.00 | $0 |
| 2026-03-04 | Hoffmann Michael J. | A-Award | 32,799.00 | $0.00 | $0 |
| 2026-03-04 | Doran Sarah C. | A-Award | 42,446.00 | $0.00 | $0 |
| 2026-03-04 | D'Orazio Frank | A-Award | 143,461.00 | $0.00 | $0 |
| 2026-03-04 | Crow Michael E | A-Award | 41,686.00 | $0.00 | $0 |
| 2026-03-04 | Migliorato Peter B. | A-Award | 14,409.00 | $0.00 | $0 |
| 2026-03-04 | LaSala Christine | A-Award | 21,613.00 | $0.00 | $0 |
| 2026-03-04 | Langwell Dennis J. | A-Award | 14,409.00 | $0.00 | $0 |
| 2026-03-04 | Gould Kirstin | A-Award | 14,409.00 | $0.00 | $0 |
| 2026-03-04 | Cavaness Joel D | A-Award | 14,409.00 | $0.00 | $0 |
| 2026-03-04 | Brown Thomas Lynn | A-Award | 14,409.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 25, 2026 12:02pm (1d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-08 | $0.01 | 2026-05-04 | 2026-06-08 | 2026-06-30 |
| 2026-03-13 | $0.01 | 2026-03-02 | 2026-03-13 | 2026-03-31 |
| 2025-12-15 | $0.01 | 2025-11-03 | 2025-12-15 | 2025-12-31 |
| 2025-09-15 | $0.01 | 2025-08-04 | 2025-09-15 | 2025-09-30 |
| 2025-06-09 | $0.01 | 2025-05-05 | 2025-06-09 | 2025-06-30 |
| 2025-03-10 | $0.01 | 2025-03-03 | 2025-03-10 | 2025-03-31 |
| 2024-12-16 | $0.01 | 2024-11-11 | 2024-12-16 | 2024-12-31 |
| 2024-09-16 | $0.05 | 2024-08-05 | 2024-09-16 | 2024-09-30 |
| 2024-06-10 | $0.05 | 2024-05-08 | 2024-06-10 | 2024-06-28 |
| 2024-03-08 | $0.05 | 2024-02-28 | 2024-03-11 | 2024-03-29 |
| 2023-12-08 | $0.05 | 2023-11-08 | 2023-12-11 | 2023-12-29 |
| 2023-09-08 | $0.05 | 2023-08-07 | 2023-09-11 | 2023-09-29 |
| 2023-06-09 | $0.05 | 2023-05-02 | 2023-06-12 | 2023-06-30 |
| 2023-03-10 | $0.05 | 2023-02-27 | 2023-03-13 | 2023-03-31 |
| 2022-12-09 | $0.05 | 2022-11-01 | 2022-12-12 | 2022-12-30 |
| 2022-09-09 | $0.05 | 2022-08-01 | 2022-09-12 | 2022-09-30 |
| 2022-06-10 | $0.05 | 2022-05-09 | 2022-06-13 | 2022-06-30 |
| 2022-03-11 | $0.05 | 2022-02-28 | 2022-03-14 | 2022-03-31 |
| 2021-12-10 | $0.30 | 2021-11-02 | 2021-12-13 | 2021-12-31 |
| 2021-09-10 | $0.30 | 2021-08-05 | 2021-09-13 | 2021-09-30 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for JRVR — it's generated by the pipeline (
market-narrative step).
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My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30