A Business at a Glance
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James River Group Holdings, Inc.
JRVR
$236M
Mkt Cap
$4.71
+4.20%
James River Group Holdings, Inc. (JRVR) has a current P/E ratio of 6.0, compared to its historical median P/E of 19.2. The stock is currently considered Cheap based on its historical valuation range.
James River Group Holdings, Inc. (JRVR) has a 5-year average return on invested capital (ROIC) of -11.0%. This is below average and may indicate limited pricing power.
James River Group Holdings, Inc. (JRVR) has a market capitalization of $218M. It is classified as a small-cap stock.
Yes, James River Group Holdings, Inc. (JRVR) pays a dividend with a trailing twelve-month yield of 0.88%.
Based on historical P/E analysis, James River Group Holdings, Inc. (JRVR) appears cheap. The current P/E of 6.0 is 69% below its historical median of 19.2. The estimated fair value CAGR (P/E method) is -6.8%.
James River Group Holdings, Inc. (JRVR) operates in the Fire, Marine & Casualty Insurance industry, within the Financials sector.
James River Group Holdings, Inc. owns and operates a group of specialty property and casualty insurance companies focused on underwriting small and middle market casualty risks within the U.S. excess and surplus (“E&S”) lines market. For the year ended December 31, 2025, approximately 84.5% of our gross written premiums and 95.9% of our net written premiums originated from the E&S lines market, which we believe puts us among the top publicly traded insurers as ranked by highest concentrations of E&S risk. Substantially all of our business is casualty insurance, and for the year ended December 31, 2025, 96.7% of our gross written premiums were derived from casualty insurance. Our objective is to generate compelling returns on tangible common equity, while limiting underwriting and investment volatility. We seek to accomplish this by earning profits from insurance underwriting and generating meaningful risk-adjusted investment returns, while efficiently managing our capital.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 667M | 688M | 708M | 812M | 662M | 609M |
| Net Income | 21M | 40M | -118M | -118M | 22M | -173M |
| EPS | $0.46 | $0.79 | $-3.06 | $-3.13 | $0.59 | $-4.94 |
| Free Cash Flow | 28M | -24M | -252M | 82M | 215M | -920M |
| ROIC | 0.0% | 7.7% | -23.8% | -21.7% | 3.5% | -20.5% |
| Gross Margin | - | 7.4% | -10.1% | 10.7% | 8.1% | -17.8% |
| Debt/Equity | 0.44 | 0.47 | 0.44 | 0.42 | 0.40 | 0.36 |
| Dividends/Share | $0.04 | $0.04 | $0.16 | $0.20 | $0.20 | $1.20 |
| Operating Income | 0 | 51M | -71M | 87M | 53M | -108M |
| Operating Margin | 0.0% | 7.4% | -10.1% | 10.7% | 8.1% | -17.8% |
| ROE | 4.1% | 7.9% | -23.8% | -21.7% | 3.5% | -22.7% |
| Shares Outstanding | 46M | 50M | 39M | 38M | 38M | 35M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 439M | 505M | 586M | 818M | 886M | 907M | 669M | 609M | 662M | 812M | 708M | 688M | 667M |
| Gross Margin | 45.9% | 44.7% | 44.5% | 32.1% | 32.2% | 5.7% | 1.8% | -17.8% | 8.1% | 10.7% | -10.1% | 7.4% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 87M | 98M | 100M | 94M | 91M |
| EBIT | 46M | 60M | 79M | 55M | 71M | 52M | 12M | -108M | 53M | 87M | -71M | 51M | 0 |
| Op. Margin | 10.4% | 11.8% | 13.5% | 6.7% | 8.0% | 5.7% | 1.8% | -17.8% | 8.1% | 10.7% | -10.1% | 7.4% | 0.0% |
| Net Income | 45M | 53M | 74M | 44M | 64M | 38M | 4.8M | -173M | 22M | -118M | -118M | 40M | 21M |
| Net Margin | 10.2% | 10.6% | 12.7% | 5.3% | 7.2% | 4.2% | 0.7% | -28.4% | 3.4% | -14.6% | -16.7% | 5.8% | 3.2% |
| Non-Recurring | 600K | 170K | 1.5M | 147K | 1.4M | 1.1M | 2.0M | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 5.9% | 6.9% | 9.6% | 5.5% | 7.9% | 4.6% | 0.5% | -20.5% | 3.5% | -21.7% | -23.8% | 7.7% | 0.0% |
| ROE | 6.4% | 7.8% | 10.8% | 6.3% | 9.1% | 5.2% | 0.6% | -22.7% | 3.5% | -21.7% | -23.8% | 7.9% | 4.1% |
| ROA | 2.4% | 2.7% | 3.4% | 1.7% | 2.2% | 0.9% | 0.1% | -3.5% | 0.4% | -2.3% | -2.3% | 0.8% | 0.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 130M | 120M | 154M | 208M | 290M | 1.5B | -274M | -914M | 223M | 88M | -247M | -19M | 32M |
| Free Cash Flow | 130M | 120M | 154M | 208M | 290M | 1.5B | -274M | -920M | 215M | 82M | -252M | -24M | 28M |
| Owner Earnings | 127M | 114M | 146M | 198M | 280M | 1.5B | -286M | -925M | 214M | 78M | -254M | -24M | 18M |
| CapEx | 0 | 0 | 0 | 0 | 0 | 519K | 549K | 6.3M | 8.2M | 6.4M | 4.9M | 4.8M | 3.7M |
| Maint. CapEx | 2.8M | 2.0M | 2.4M | 2.1M | 4.2M | 4.1M | 5.0M | 4.7M | 1.0M | 363K | 363K | 363K | 9.1M |
| Growth CapEx | N/A | N/A | N/A | N/A | N/A | 0 | 0 | 1.6M | 7.2M | 6.1M | 4.5M | 4.4M | 0 |
| D&A | 2.8M | 2.0M | 2.4M | 2.1M | 4.2M | 4.1M | 5.0M | 4.7M | 1.0M | 363K | 363K | 363K | 9.1M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | N/A | 3.7% | 7.3% | N/A | N/A | 11.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 70M | 47M | 66M | 51M | 36M | 37M | 37M | 43M | 7.8M | 7.7M | 6.2M | 2.0M | 1.9M |
| Dividend Yield | 15.4% | 8.5% | 8.2% | 5.0% | 3.6% | 3.2% | 3.2% | 3.4% | 0.9% | 1.2% | 2.2% | 0.8% | 0.9% |
| Share Buybacks | 0 | 6.5M | 4.9M | 9.4M | 2.2M | 2.9M | 3.6M | 3.1M | 1.3M | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | 0.8% | 0.5% | 0.9% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 589K | 3.7M | 5.5M | 7.7M | 6.2M | 7.2M | 7.6M | 6.7M | 8.1M | 9.1M | 6.6M | 5.0M | 5.2M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1M | 0 | 1.2M | 1.2M |
| Balance Sheet | |||||||||||||
| Net Debt | -117M | -37M | -72M | -102M | -136M | -1.5B | -1.5B | -1.6B | -1.1B | -1.4B | -1.4B | -1.4B | -2.4M |
| Cash & Equiv. | 73M | 106M | 110M | 163M | 172M | 207M | 162M | 190M | 159M | 274M | 362M | 261M | 228M |
| Long-Term Debt | 88M | 88M | 88M | 98M | 118M | 60M | 164M | 0 | 0 | 0 | 0 | 25M | N/A |
| Debt/Equity | 0.13 | 0.13 | 0.13 | 0.14 | 0.17 | 0.20 | 0.54 | 0.36 | 0.40 | 0.42 | 0.44 | 0.47 | 0.44 |
| Interest Coverage | 7.2 | 8.5 | 9.4 | 6.1 | 6.1 | 4.9 | 1.2 | -12.1 | 3.8 | 3.5 | -2.9 | 2.1 | 2.1 |
| Equity | 688M | 681M | 693M | 695M | 709M | 779M | 796M | 725M | 554M | 535M | 461M | 538M | 518M |
| Total Assets | 2.0B | 2.1B | 2.3B | 2.8B | 3.1B | 5.0B | 5.1B | 4.9B | 5.1B | 5.3B | 5.0B | 4.9B | 4.8B |
| Total Liabilities | 1.3B | 1.4B | 1.7B | 2.1B | 2.4B | 4.2B | 4.3B | 4.2B | 4.4B | 4.6B | 4.4B | 4.2B | 4.1B |
| Intangibles | 40M | 40M | 39M | 38M | 38M | 37M | 36M | 36M | 36M | 33M | 32M | 32M | 32M |
| Retained Earnings | 41M | 47M | 55M | 48M | 80M | 90M | 49M | -167M | -152M | -278M | -402M | -365M | -376M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 1.55 | 1.82 | 2.49 | 1.44 | 2.11 | 1.25 | 0.16 | -4.94 | 0.59 | -3.13 | -3.06 | 0.79 | 0.46 |
| Owner EPS | 4.41 | 3.89 | 4.90 | 6.54 | 9.24 | 48.18 | -9.50 | -26.44 | 5.67 | 2.08 | -6.57 | -0.48 | 0.38 |
| Book Value | 23.86 | 23.17 | 23.18 | 22.96 | 23.45 | 25.38 | 26.39 | 20.74 | 14.70 | 14.16 | 11.93 | 10.75 | 11.21 |
| Cash Flow/Share | 4.52 | 4.08 | 5.16 | 6.87 | 9.59 | 48.55 | -9.08 | -26.12 | 5.91 | 2.33 | -6.39 | -0.38 | 0.65 |
| Dividends/Share | 2.45 | 1.64 | 2.25 | 1.70 | 1.20 | 1.20 | 1.20 | 1.20 | 0.20 | 0.20 | 0.16 | 0.04 | 0.04 |
| Shares Out. | 28.8M | 29.4M | 29.9M | 30.3M | 30.3M | 30.7M | 30.1M | 35.0M | 37.7M | 37.8M | 38.6M | 50.1M | 46.2M |
| Valuation | |||||||||||||
| P/E Ratio | 10.6 | 14.2 | 13.4 | 23.4 | 14.9 | 29.6 | 275.5 | N/A | 33.7 | N/A | N/A | 8.1 | 10.3 |
| P/FCF | 3.6 | 6.3 | 6.5 | 4.9 | 3.3 | 0.8 | N/A | N/A | 3.5 | 4.3 | N/A | N/A | 7.7 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 0.7 | 1.1 | 1.4 | 1.5 | 1.3 | 1.5 | 1.7 | 1.3 | 1.4 | 0.7 | 0.4 | 0.6 | 0.4 |
| Price/Sales | 1.0 | 1.1 | 1.4 | 1.2 | 1.1 | 1.3 | 1.8 | 2.1 | 1.3 | 0.8 | 0.4 | 0.4 | 0.3 |
| FCF Yield | 27.4% | 15.8% | 15.4% | 20.4% | 30.5% | 131.3% | -20.6% | -99.9% | 28.7% | 23.1% | -135.7% | -7.4% | 13.0% |
| Market Cap | 476M | 761M | 1.0B | 1.0B | 951M | 1.1B | 1.3B | 921M | 748M | 352M | 186M | 320M | 218M |
| Avg. Price | 15.76 | 18.92 | 26.78 | 33.49 | 32.88 | 37.50 | 38.92 | 36.19 | 23.15 | 16.81 | 7.42 | 5.22 | 4.71 |
| Year-End Price | 16.51 | 25.91 | 33.44 | 33.74 | 31.42 | 36.96 | 44.08 | 26.33 | 19.86 | 9.33 | 4.80 | 6.39 | 4.71 |
James River Group Holdings, Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
James River Group Holdings, Inc. trades at 6.0x trailing earnings, compared to its 15-year median P/E of 19.2x, suggesting it is currently Cheap relative to its historical range. Total shareholder yield (dividends) is 0.9%. At current prices, the estimated annualized return to fair value is -35.3%.
James River Group Holdings, Inc. (JRVR) reported annual revenue of $688 million in its most recent fiscal year, based on SEC EDGAR filings.
James River Group Holdings, Inc. (JRVR) has a net profit margin of 5.8%. This is a modest margin.
James River Group Holdings, Inc. (JRVR) generated $-24 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
James River Group Holdings, Inc. (JRVR) has a debt-to-equity ratio of 0.47. This indicates a conservatively financed balance sheet.
James River Group Holdings, Inc. (JRVR) reported earnings per share (EPS) of $0.79 in its most recent fiscal year.
James River Group Holdings, Inc. (JRVR) has a return on equity (ROE) of 7.9%. This indicates moderate shareholder returns.
James River Group Holdings, Inc. (JRVR) has a 5-year average gross margin of -0.3%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 13 years of financial data for James River Group Holdings, Inc. (JRVR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
James River Group Holdings, Inc. (JRVR) has a book value per share of $10.75, based on its most recent annual SEC filing.