Saturday 17 October 2026 Export JRVR’s income statement to Excel — free account

James River Group Holdings, Ltd.

James River Group Holdings, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $687.6 million, down 2.83% from fiscal 2024. In the quarter to June 2026, revenue fell 7.72%, EPS grew 66.7%, free cash flow fell 124.1% and total debt was flat, each against the same quarter a year earlier.

3.82 0.11 +2.96%

Follow JRVR

Alert me

Market cap: $171.6M
P/E: 7.5×
Fwd P/E: 5.5×
Dividend yield: 1.05%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 20.92%

Capital & Financial Ratios $m

Market Cap 171.58

Revenue 653.21

Net Income 47.43

Free Cash Flow (2.31)

Net Debt 125.65

Current Ratio 0.63

Debt/Equity 0.50

P/E ratio 7.49

Fwd P/E 5.51

P/S ratio 0.27

P/B ratio 0.34

Past 5Y EPS Growth 37.63%

This Y EPS Growth (31.97%)

Next Y EPS Growth 16.41%

Next Y revenue growth (9.98%)

Next 5Y EPS Growth (10.61%)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 4.93%

10-year low 10-year high

P/S against its own 10 years 4.39%

10-year low 10-year high

P/B against its own 10 years 2.25%

10-year low 10-year high

Dividends

Payout Ratio 0.11

Annual Dividend Rate 0.04

Annual Dividend Yield 1.05%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.04	0.01 0.01 0.01
2025	0.12	0.01 0.01 0.01 0.01
2024	0.16	0.05 0.05 0.05 0.01
2023	0.20	0.05 0.05 0.05 0.05
2022	0.20	0.05 0.05 0.05 0.05
2021	1.20	0.30 0.30 0.30 0.30
2020	1.20	0.30 0.30 0.30 0.30
2019	1.20	0.30 0.30 0.30 0.30
2018	1.20	0.30 0.30 0.30 0.30
2017	1.20	0.30 0.30 0.30 0.30
2016	0.60	0.20 0.20 0.20 1.35

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	347	391	269	204
Receivables	1,516	2,098	2,144	2,111
Inventory	—	—	—	—
Other	—	—	—	—
	1,863	2,489	2,414	2,315

	2023	2024	2025	Q'26
Payables	3,353	3,789	3,616	3,555
ST’ Debt	104	104	104	104
Other	—	—	—	—
	3,513	3,947	3,751	3,680

Compound Annual Growth %

	10y	5y	3y
Sales	3.14%	0.56%	1.30%
Cash Flow	0.00%	0.00%	0.00%
Earnings	(2.98%)	52.32%	21.19%
Book Value	(0.14%)	(3.34%)	(1.32%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	151	161	—	—	—
’25	172	175	173	168	688
’24	201	188	191	127	708
’23	192	195	210	215	812
’22	202	185	201	74	662
’21	183	192	191	43	609
’20	110	187	177	194	669

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(5)	—	—	—
’25	(51)	25	34	(27)	(19)
’24	24	(9)	(270)	7	(247)
’23	19	23	55	(10)	88
’22	65	74	29	55	223
’21	(81)	(12)	(968)	148	(914)
’20	(65)	(71)	(86)	(52)	(274)

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	(1)	(6)	—	—	—
’25	(53)	25	34	(29)	(24)
’24	23	(9)	(271)	5	(252)
’23	18	22	54	(13)	82
’22	64	73	27	51	215
’21	(81)	(14)	(969)	144	(920)
’20	(66)	(71)	(86)	(52)	(274)

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.23)	0.10	—	—	—
’25	0.16	0.06	(0.02)	0.53	0.79
’24	0.35	0.13	(1.10)	(2.28)	(3.06)
’23	0.18	0.54	0.45	(3.43)	(3.13)
’22	0.25	0.13	(0.19)	0.40	0.59
’21	(3.37)	0.60	(0.64)	(1.78)	(4.94)
’20	(1.21)	1.16	0.85	(0.66)	0.16

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	25.86	37.24	32.17	34.26	25.34	24.43	19.76	8.15	4.35	3.00	Analyst estimates 2026–2028 Powerpack
	High	42.17	46.20	43.47	52.18	57.41	56.10	30.11	24.92	11.49	6.89
People
People	Employees	557	760	750	800	683	638	639	649	645	578
	Revenue/emp, $m	1.05	1.08	1.18	1.13	0.98	0.95	1.04	1.25	1.10	1.19
Income, $m
Income, $m	Revenue	586	818	886	907	669	609	662	812	708	688
	Gross margin, %	44.49	32.07	32.22	25.91	28.44	6.05	33.39	38.40	21.66	37.87
	EBT	79	55	71	52	12	(108)	53	87	(71)	51
	EBT margin, %	13.53	6.74	8.00	5.72	1.79	(17.75)	8.05	10.70	(10.05)	7.35
	Net income	74	44	64	38	5	(173)	31	(108)	(81)	47
	Depreciation	104	118	115	88	81	74	90	96	69	65
Per share, $
Per share, $	Revenue	20.17	27.75	29.63	29.96	21.89	17.42	17.67	21.59	18.29	14.96
	Earnings	2.56	1.48	2.14	1.27	0.16	(4.94)	0.59	(3.14)	(3.06)	0.86
	Cash flow	5.31	7.05	9.70	49.18	(8.96)	(26.13)	5.95	2.34	(6.39)	(0.41)
	Capex	0.00	0.00	0.00	(0.02)	(0.02)	(0.18)	(0.22)	(0.17)	(0.13)	(0.10)
	Free cash flow	5.31	7.05	9.70	49.17	(8.98)	(26.31)	5.73	2.17	(6.51)	(0.51)
	Book value	23.85	23.58	23.73	25.72	26.04	20.75	18.66	18.06	15.36	14.60
	Shares, m	29	29	30	30	31	35	37	38	39	46
Valuation, ×
Valuation, ×	P/E	16.44	26.70	17.07	32.45	307.19	0.00	35.41	0.00	0.00	7.31
	P/S	2.08	1.42	1.23	1.38	2.25	1.65	1.18	0.43	0.27	0.43
	P/B	1.76	1.68	1.54	1.60	1.89	1.39	1.41	0.65	0.41	0.54
	EV/Sales	2.22	1.47	1.29	0.11	1.26	1.78	1.28	0.40	0.14	0.51
	EV/FCF	8.59	5.86	3.96	0.07	(3.08)	(1.18)	3.94	3.99	(0.41)	(14.96)
Cash, $m
Cash, $m	Operating cash flow	154	208	290	1,489	(274)	(914)	223	88	(247)	(19)
	Capex	—	—	—	(1)	(1)	(6)	(8)	(6)	(5)	(5)
	Free cash flow	154	208	290	1,489	(274)	(920)	215	82	(252)	(24)
Balance, $m
Balance, $m	Working capital	(1,220)	(1,433)	(1,607)	(733)	(1,219)	(2,051)	(1,567)	(1,650)	(1,457)	(1,337)
	Total debt	192	202	222	262	366	366	326	326	305	330
	Net debt	83	39	50	(1,144)	(656)	74	64	(20)	(86)	60
	Shareholders’ equity	693	695	709	779	796	725	699	680	594	671
Returns, %
Returns, %	ROA	3.38	1.71	2.17	0.94	0.10	(3.45)	0.44	(2.26)	(2.29)	0.80
	ROIC	7.20	5.51	6.89	0.00	10.78	(7.55)	5.57	10.94	(4.96)	6.50
	ROE	10.84	6.28	9.09	5.15	0.61	(22.72)	3.47	(21.72)	(23.76)	7.92

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
AGO Assured Guaranty Ltd.	$3.1B	9.5×	11.8×	−30.60% (below 0%: shrinking)	−57.89% (below 0%: shrinking)	−48.72% (below 0%: shrinking)	97.95%	42.05%	Compare
NMIH NMI Holdings Inc	$3.0B	7.9×	7.1×	+8.12% (above 0%: growing)	+13.82% (above 0%: growing)	+10.69% (above 0%: growing)	93.00%	76.67%	Compare
EIG Employers Holdings Inc	$906.1M	73.2×	18.2×	−10.60% (below 0%: shrinking)	+29.03% (above 0%: growing)	−1,111.11% (below 0%: shrinking)	16.35%	16.35%	Compare
TIPT Tiptree Financial Inc.	$618.6M	1.5×	— (loss-making)	+64.86% (above 0%: growing)	+1,976.00% (above 0%: growing)	+179.79% (above 0%: growing)	100.00%	0.00%	Compare
ITIC Investors Title Company	$544.0M	13.5×	5.6×	+17.45% (above 0%: growing)	+19.05% (above 0%: growing)	−18.47% (below 0%: shrinking)	55.58%	22.48%	Compare
AMSF AMERISAFE, Inc.	$464.1M	10.1×	16.0×	+13.42% (above 0%: growing)	+8.22% (above 0%: growing)	+118.79% (above 0%: growing)	29.93%	19.86%	Compare
MBI MBIA, Inc.	$224.0M	— (loss-making)	— (loss-making)	+17.39% (above 0%: growing)	n/m	−500.00% (below 0%: shrinking)	66.67%	22.22%	Compare
OSG Octave Specialty Group, Inc.	$207.2M	— (loss-making)	— (loss-making)	+51.02% (above 0%: growing)	n/m	−576.08% (below 0%: shrinking)	76.26%	(0.47%)	Compare
JRVR James River Group Holdings, Ltd.	$171.6M	7.5×	5.5×	−7.72% (below 0%: shrinking)	+66.67% (above 0%: growing)	−124.07% (below 0%: shrinking)	38.58%	9.26%
Median of peers	$581.3M	9.8×	11.8×	+15.41%	+16.44%	−33.59%	71.47%	21.04%

All 17 Insurance Specialty stocks →

James River Group Holdings, Ltd. (JRVR) key facts

Concern: James River Group Holdings, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $687.6 million, down 2.83% from fiscal 2024.
James River Group Holdings, Ltd. (JRVR) is an Insurance Specialty company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, JRVR traded at $3.82, a market capitalization of $171.6 million.
James River Group Holdings, Ltd. pays an annual dividend of $0.04 per share, a yield of 1.05%, with a payout ratio of 10.5%.
Return on equity was 7.92% and debt-to-equity 0.50.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.