Pricing Log in Create free account
Friday 6 November 2026 Export JRVR’s income statement to Excel — free account

James River Group Holdings, Ltd.

JRVR Financial Insurance Specialty

James River Group Holdings, Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $687.6 million, down 2.83% from fiscal 2024.

Revenue
−7.72%
EPS
+66.7%
Free cash flow
−124.1%
Total debt
0.00%

Quarter to June 2026, against a year earlier

3.88 0.12 −3.00%
Market cap
$185.0M
P/E
7.8×
Fwd P/E
5.5×
Dividend yield
1.00%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 20.92%

Capital & Financial Ratios $m

Size
Market Cap 184.99
Revenue ttm 653.21
Net income ttm 47.43
Free cash flow ttm (2.31)
Net debt Q 125.65
Valuation
P/E 7.82
Forward P/E 5.51
Price / sales 0.28
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.35
Financial health
Current ratio Q 0.63
Debt / equity Q 0.50
Interest coverage Q 2.66
Growth
Revenue growth Q −7.72% (below 0%: shrinking)
Operating income growth Q +5.71% (above 0%: growing)
EPS, this year −31.97% (below 0%: weak)
EPS, next year A +16.41% (at or above 15%: strong)
Revenue, next year A −9.98% (below 0%: weak)
EPS, past 5 yrs +37.63% (at or above 15%: strong)
EPS, next 5 yrs A −10.61% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 7.43%
10-year low 10-year high
P/S against its own 10 years 5.90%
10-year low 10-year high
P/B against its own 10 years 3.67%
10-year low 10-year high

Dividends

Yield
1.00%
Annual rate
0.04
Payout ratio
10.5%
Growth, 2017–25
−34.6%/yr
  1. 1.20 ’17
  2. 1.20 ’18 +0
  3. 1.20 ’19 +0
  4. 1.20 ’20 +0
  5. 1.20 ’21 +0
  6. 0.20 ’22 −83
  7. 0.20 ’23 +0
  8. 0.16 ’24 −20
  9. 0.04 ’25 −75
  10. 0.04 ’26e +0
paid forecast change on the year, % Powerpack

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%)

Earnings Trends EPS, adjusted, against the consensus

Q4 FY25 Estimate 0.31 Actual 0.30

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q1 FY25 0.24 0.19 Miss by 0.05
Q2 FY25 0.22 0.23 Beat by 0.01
Q3 FY25 0.26 0.32 Beat by 0.06
Q4 FY25 0.31 0.30 Miss by 0.01

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 586 818 886 907 669 609 662 812 708 688 653 +1.8% 619 593 567 (6.2%)
Gross margin, % 44.49 32.07 32.22 25.91 28.44 6.05 33.39 38.40 21.66 37.87 35.43 (6.6) pt
EBT 79 55 71 52 12 (108) 53 87 (71) 51 25 (4.9%)
EBT margin, % 13.53 6.74 8.00 5.72 1.79 (17.75) 8.05 10.70 (10.05) 7.35 3.83 (6.2) pt
Net income 74 44 64 38 5 (173) 31 (108) (81) 47 47 (4.9%)
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 14.10 (3.3%)
Earnings 2.56 1.48 2.14 1.27 0.16 (4.94) 0.59 (3.14) (3.06) 0.86 0.51 (11.4%)
Cash flow 5.31 7.05 9.70 49.18 (8.96) (26.13) 5.95 2.34 (6.39) (0.41) 0.04 n/m
Capex 0.00 0.00 0.00 (0.02) (0.02) (0.18) (0.22) (0.17) (0.13) (0.10) (0.09) n/m
Free cash flow 5.31 7.05 9.70 49.17 (8.98) (26.31) 5.73 2.17 (6.51) (0.51) (0.05) n/m
Book value 23.85 23.58 23.73 25.72 26.04 20.75 18.66 18.06 15.36 14.60 14.16 (5.3%)
Shares, m 29 29 30 30 31 35 37 38 39 46 46 +5.2%
Valuation, ×
Valuation, × P/E 16.44 26.70 17.07 32.45 307.19 0.00 35.41 0.00 0.00 7.31 7.82 44.3
P/S 2.08 1.42 1.23 1.38 2.25 1.65 1.18 0.43 0.27 0.43 0.28 1.2
P/B 1.76 1.68 1.54 1.60 1.89 1.39 1.41 0.65 0.41 0.54 0.35 1.3
EV/Sales 2.22 1.47 1.29 0.11 1.26 1.78 1.28 0.40 0.14 0.51 — 1.0
EV/FCF 8.59 5.86 3.96 0.07 (3.08) (1.18) 3.94 3.99 (0.41) (14.96) — 0.7
Cash, $m
Cash, $m Operating cash flow 154 208 290 1,489 (274) (914) 223 88 (247) (19) 2 n/m
Capex — — — (1) (1) (6) (8) (6) (5) (5) (4) +44.9%
Free cash flow 154 208 290 1,489 (274) (920) 215 82 (252) (24) (2) n/m
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) (1,364) +1.0%
Net debt 83 39 50 (1,144) (656) 74 64 (20) (86) 60 126 (3.4%)
Shareholders’ equity 693 695 709 779 796 725 699 680 594 671 656 (0.4%)
Returns, %
Returns, % ROA 3.38 1.71 2.17 0.94 0.10 (3.45) 0.44 (2.26) (2.29) 0.80 0.46 (2.6) pt
ROIC 7.20 5.51 6.89 0.00 10.78 (7.55) 5.57 10.94 (4.96) 6.50 3.99 (0.7) pt
ROE 10.84 6.28 9.09 5.15 0.61 (22.72) 3.47 (21.72) (23.76) 7.92 4.47 (2.9) pt
People
People Employees 557 760 750 800 683 638 639 649 645 578 — +0.4%
Revenue/emp, $m 1.05 1.08 1.18 1.13 0.98 0.95 1.04 1.25 1.10 1.19 — +1.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

James River Group Holdings, Ltd. vs peers in Insurance Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RDN Radian Group Inc. $4.9B 9.5× 8.8× +92.58% (above 0%: growing) −17.48% (below 0%: shrinking) +147.96% (above 0%: growing) 50.35% 30.09% Compare
NMIH NMI Holdings Inc $3.3B 8.5× 8.0× +8.12% (above 0%: growing) +13.82% (above 0%: growing) +10.69% (above 0%: growing) 93.00% 76.67% Compare
AGO Assured Guaranty Ltd. $3.2B 9.6× 11.1× −30.60% (below 0%: shrinking) −57.89% (below 0%: shrinking) −48.72% (below 0%: shrinking) 97.95% 42.05% Compare
EIG Employers Holdings Inc $826.5M 27.7× 13.0× −20.89% (below 0%: shrinking) n/m −142.36% (below 0%: shrinking) 8.35% 8.35% Compare
ITIC Investors Title Company $493.3M 12.2× 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. $376.8M 9.4× 9.6× −2.64% (below 0%: shrinking) −46.58% (below 0%: shrinking) −71.31% (below 0%: shrinking) 23.88% 11.27% Compare
OSG Octave Specialty Group, Inc. $231.6M — (loss-making) — (loss-making) +51.02% (above 0%: growing) n/m −576.08% (below 0%: shrinking) 76.26% (0.47%) Compare
MBI MBIA, Inc. $227.5M — (loss-making) — (loss-making) +73.33% (above 0%: growing) n/m −181.11% (below 0%: shrinking) 0.00% 0.00% Compare
JRVR James River Group Holdings, Ltd. $185.0M 7.8× 5.5× −7.72% (below 0%: shrinking) +66.67% (above 0%: growing) −124.07% (below 0%: shrinking) 38.58% 9.26%
Median of peers $659.9M 9.5× 9.2× +12.79% −17.48% −60.01% 52.97% 16.88%

All 15 Insurance Specialty stocks →

Pay and ownership Proxy statement filed 16 September 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.93m 3.73m 14.11
2024 2.71m 1.99m 10.72
2023 2.72m 1.59m 19.91
2022 3.12m 2.88m 44.46
2021 1.32m 116.82k 60.72
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Read the proxy statement

James River Group Holdings, Ltd. (JRVR) Latest News

22 Oct

Impact 4 · · Simply Wall St.

11 Aug

Impact 4 · · MarketBeat
Impact 3 · · Moby

10 Aug

Impact 4 ·

5 May

Impact 4 · · MarketBeat
Impact 4 · · Moby

4 May

Impact 4 · · GlobeNewswire

4 Mar

Impact 3 ·

3 Mar

Impact 4 · · MarketBeat
Impact 4 · · Moby

2 Mar

Impact 4 · · Zacks
Impact 4 · · Associated Press Finance
Impact 4 ·

30 Dec

Impact 4 · · Zacks

18 Dec

Impact 3 · · Zacks
Impact 3 · · Zacks

11 Dec

Impact 4 · · Zacks

4 Dec

Impact 4 · · Simply Wall St.Simply Wall St.Simply Wall St.

26 Nov

Impact 4 · · Zacks
Impact 4 · · Zacks

17 Nov

Impact 4 · · Zacks

5 Nov

Impact 3 · · Simply Wall St.

4 Nov

Impact 4 · · GuruFocus.com transcript

3 Nov

Impact 3 · · Associated Press Finance
Impact 3 ·

28 Oct

Impact 4 · · Simply Wall St.

6 Oct

Impact 3 · · GlobeNewswire

1 Oct

Impact 4 · · Zacks

22 Sep

Impact 3 · · Simply Wall St.

10 Sep

Impact 3 · · Zacks
stockrow.com/JRVR · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com