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James River Group Holdings, Ltd.

JRVR NASDAQ Categories PDF
Financial Services · Insurance - Specialty · Bermuda · Updated May 10, 8:17pm
$4.15
Price
$191.9M
Market Cap
645
Employees
-0.03
Beta
Frank N. D'Orazio
CEO
Business Description

James 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.

Business History
Price Overview
Last updated: May 11, 2026 1:52pm (just now)
$3.83
-0.33 (-7.83%)
Day Range
$3.82 – $4.24
52-Week Range
$3.82 – $7.20
50-Day MA
$6.20
200-Day MA
$6.00
Volume
825,441.59
Analyst Price Targets
Low $7.00
Consensus $7.00
High $7.00
(6 analysts)
Share Structure
Outstanding 46,236,856.00
Float 40,692,595.00
Free Float 88.0%
High free float — 88.0% of shares trade freely, ~12% 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)
API
Stock Price / EPS (Diluted)
6.10
Stock Price: $4.15
EPS (Diluted): 1.03
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
0.44
Stock Price: $4.15
Total Equity: $671.27M
Shares: 60,013,622
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
6.54
Market Cap: $191.88M
Total Debt: $329.86M
Cash: $260.94M
EBITDA: $73.36M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$361.3M
Market Cap: $191.88M
Total Debt: $329.86M
Cash: $260.94M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
28.4%
Gross Profit: $194.97M
Revenue: $687.61M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
7.4%
Operating Income: $50.54M
Revenue: $687.61M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
6.9%
Net Income: $47.43M
Revenue: $687.61M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
4.5%
Net Income: $47.43M
Total Equity: $671.27M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
1.0%
Operating Income: $50.54M
Tax Rate: 1.4%
Equity: $671.27M
Total Debt: $329.86M
Cash: $260.94M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
0.91
Current Assets: $3.41B
Current Liabilities: $3.75B
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.49
Short-Term Debt: $0.00
Long-Term Debt: $329.86M
Total Debt: $329.86M
Total Equity: $671.27M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$11.46
Revenue: $687.61M
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
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 is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
3.4%
Last Dividend: N/A
Stock Price: $4.15
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
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)
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 $73.4M
EPS $-4.94 $0.59 $-3.14 $-3.06 $1.03
EPS (Diluted) — — — — —
Balance Sheet (Annual)
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)
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)
Metric 2025 2026 2027 2028
Revenue $606.6M
$605.3M – $607.9M
 $592.3M
$591.1M – $593.6M
 $599.2M
$595.3M – $603.0M
 $673.8M
$673.8M – $673.8M
EBITDA $149.6M
$149.3M – $149.9M
 $146.1M
$145.8M – $146.4M
 $147.8M
$146.8M – $148.7M
 $166.2M
$166.2M – $166.2M
Net Income $71.1M
$71.0M – $71.3M
 $56.2M
$56.1M – $56.4M
 $63.8M
$63.6M – $64.0M
 $83.8M
$83.6M – $84.0M
EPS — — — —
Growth Trends (YoY %)
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% +255.6%
Insider Trading (Recent)
Date Insider Type Shares Price Value
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
2026-03-02 Miller Jeanette L A-Award 3,122.00 $0.00 $0
Dividend History (Last 20)
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
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27