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James River Group (JRVR) Financials

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$3.08 -0.06 (-1.75%)
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Annual Income Statements for James River Group

Annual Income Statements for James River Group

This table shows James River Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 53 74 44 64 38 4.82 -173 22 -118 -118 40
Consolidated Net Income / (Loss)		 53 74 44 64 38 4.82 -173 31 -108 -81 47
Net Income / (Loss) Continuing Operations		 53 74 44 64 38 4.82 -85 35 61 -63 50
Total Pre-Tax Income 		60 79 55 71 52 12 -108 53 87 -71 51
Total Revenue		 505 586 809 874 907 659 600 648 787 683 664
Net Interest Income / (Expense)		 0.00 0.00 -8.97 -12 0.00 -10 -8.92 -14 -25 -25 -24
Total Interest Income		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 8.97 12 0.00 10 8.92 14 25 25 24
Long-Term Debt Interest Expense		 - - 8.97 12 - 10 8.92 14 25 25 24
Total Non-Interest Income		 505 586 818 886 907 669 609 662 812 708 688
Other Service Charges		 3.43 10 17 14 11 4.55 4.86 4.31 9.52 11 6.08
Net Realized & Unrealized Capital Gains on Investments		 40 60 59 56 73 57 43 27 94 97 81
Premiums Earned		 461 516 741 815 824 607 561 630 708 600 600
Total Non-Interest Expense		 445 507 754 803 855 647 708 594 700 754 614
Property & Liability Insurance Claims		 279 325 - 600 672 479 572 441 500 554 427
Other Operating Expenses		 166 181 198 202 183 168 136 153 197 199 186
Amortization Expense		 0.60 0.60 0.60 0.60 0.60 0.54 0.36 0.36 0.36 0.36 0.36
Impairment Charge		 - - - - - - 0.00 0.00 2.50 0.00 0.00
Income Tax Expense		 6.28 4.87 12 7.01 14 7.11 -23 18 26 -7.63 0.72
Net Income / (Loss) Discontinued Operations		 - - - - - - -88 -3.89 -169 -18 -2.39
Preferred Stock Dividends Declared		 - - - - - 0.00 0.00 8.75 11 37 7.88
Basic Earnings per Share		 $1.87 $2.56 $1.48 $2.14 $1.27 $0.16 ($4.94) $0.59 ($3.14) ($3.06) $0.86
Weighted Average Basic Shares Outstanding		 28.66M 29.06M 29.46M 29.89M 30.28M 30.55M 34.96M 37.44M 37.62M 38.69M 45.97M
Diluted Earnings per Share		 $1.82 $2.49 $1.44 $2.11 $1.25 $0.16 ($4.94) $0.59 ($3.13) ($3.06) $0.79
Weighted Average Diluted Shares Outstanding		 29.33M 29.89M 30.27M 30.31M 30.67M 30.88M 34.96M 37.65M 37.81M 38.69M 60.01M
Weighted Average Basic & Diluted Shares Outstanding		 28.60M 29.10M 29.40M -398.90M 30.52M 30.77M 37.45M 37.52M 37.66M 45.64M 45.97M
Cash Dividends to Common per Share		 $1.64 $2.25 $1.70 $1.20 $1.20 $1.20 $1.20 $0.20 $0.20 $0.16 $0.04

Quarterly Income Statements for James River Group

This table shows James River Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 13 5.00 -42 -94 7.61 2.79 -0.95 30 -11 4.43 -189
Consolidated Net Income / (Loss)		 15 7.63 -39 -65 9.57 4.76 1.02 32 -8.92 6.40 -187
Net Income / (Loss) Continuing Operations		 24 14 -38 -63 11 5.12 1.59 32 -8.77 6.62 -187
Total Pre-Tax Income 		33 20 -52 -72 16 7.33 2.65 25 -11 8.46 -189
Total Revenue		 195 182 185 121 167 169 167 162 146 156 142
Net Interest Income / (Expense)		 -6.49 -6.34 -6.13 -5.71 -5.54 -5.81 -6.22 -5.97 -5.59 -5.61 -5.71
Total Interest Income		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Interest Expense		 6.49 6.34 6.13 5.71 5.54 5.81 6.22 5.97 5.59 5.61 5.71
Long-Term Debt Interest Expense		 6.49 6.34 6.13 5.71 5.54 5.81 6.22 5.97 5.59 5.61 5.71
Total Non-Interest Income		 201 188 191 127 172 175 173 168 151 161 148
Other Service Charges		 2.22 2.47 4.06 1.97 1.75 2.07 1.13 1.14 0.98 1.05 0.67
Net Realized & Unrealized Capital Gains on Investments		 27 23 28 19 19 20 23 19 15 21 19
Premiums Earned		 172 163 160 106 152 153 148 147 136 139 128
Total Non-Interest Expense		 162 162 237 193 151 162 164 137 156 147 331
Property & Liability Insurance Claims		 110 115 184 145 100 113 121 94 108 99 104
Other Operating Expenses		 52 46 53 49 51 48 43 44 48 48 44
Amortization Expense		 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
Impairment Charge		 - - - - - - 0.00 - - - 182
Income Tax Expense		 9.45 5.71 -14 -8.88 5.02 2.21 1.06 -7.56 -1.86 1.84 -1.40
Net Income / (Loss) Discontinued Operations		 -8.11 -6.85 -1.30 -1.37 -1.41 -0.36 -0.57 -0.05 -0.15 -0.22 -0.13
Preferred Stock Dividends Declared		 2.63 2.63 2.63 29 1.97 1.97 1.97 1.97 1.97 1.97 1.97
Basic Earnings per Share		 $0.34 $0.13 ($1.10) ($2.43) $0.17 $0.06 ($0.02) $0.65 ($0.23) $0.10 ($4.08)
Weighted Average Basic Shares Outstanding		 37.73M 37.87M 37.88M 38.69M 45.80M 46.03M 46.03M 45.97M 46.10M 46.32M 46.34M
Diluted Earnings per Share		 $0.35 $0.13 ($1.10) ($2.44) $0.16 $0.06 ($0.02) $0.59 ($0.23) $0.10 ($4.08)
Weighted Average Diluted Shares Outstanding		 44.64M 38.04M 37.88M 38.69M 59.66M 46.73M 46.03M 60.01M 46.10M 46.96M 46.34M
Weighted Average Basic & Diluted Shares Outstanding		 37.83M 37.83M 37.83M 45.64M 45.89M 45.92M 45.97M 45.97M 46.24M 46.24M 46.25M
Cash Dividends to Common per Share		 $0.05 $0.05 $0.05 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01 $0.01

Annual Cash Flow Statements for James River Group

This table details how cash moves in and out of James River Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 33 3.38 54 8.96 1,234 -384 -730 -16 84 31 -122
Net Cash From Operating Activities		 120 154 208 290 1,489 -274 -914 223 88 -247 -19
Net Cash From Continuing Operating Activities		 120 154 208 290 1,489 -273 -914 223 88 -247 -19
Net Income / (Loss) Continuing Operations		 53 74 44 64 38 4.82 -173 31 -108 -81 47
Consolidated Net Income / (Loss)		 53 74 44 64 38 4.82 -173 31 -108 -81 47
Depreciation Expense		 2.00 2.41 2.12 4.22 4.06 5.02 4.72 1.05 -0.48 -0.71 -0.72
Amortization Expense		 98 102 116 111 84 76 70 89 96 69 65
Non-Cash Adjustments to Reconcile Net Income		 -85 -105 -122 -86 -89 -57 -103 -36 52 -68 -69
Changes in Operating Assets and Liabilities, net		 52 81 168 197 1,452 -301 -712 138 48 -166 -62
Net Cash From Investing Activities		 -34 -81 -105 -267 -263 -176 36 -328 17 307 -116
Net Cash From Continuing Investing Activities		 -34 -81 -105 -267 -263 -176 36 -328 17 307 -116
Purchase of Property, Leasehold Improvements and Equipment		 - - - - -0.52 -0.55 -6.30 -8.22 -6.43 -4.89 -4.80
Purchase of Investment Securities		 -577 -497 -527 -682 -559 -643 -529 -809 -260 -329 -415
Divestitures		 - - - - - - - 0.00 0.00 96 0.00
Sale and/or Maturity of Investments		 542 416 425 412 288 470 570 496 280 545 313
Other Investing Activities, net		 0.24 0.23 -2.53 3.19 7.28 -1.78 1.63 -6.68 3.50 -0.17 -8.47
Net Cash From Financing Activities		 -53 -70 -49 -14 7.96 66 148 90 -21 -29 13
Net Cash From Continuing Financing Activities		 -53 -70 -49 -14 7.96 66 148 90 -21 -29 13
Issuance of Debt		 10 0.00 10 20 60 164 - - 0.00 0.00 25
Issuance of Common Equity		 1.73 2.26 1.71 5.17 8.29 2.58 194 0.00 0.00 13 0.00
Repayment of Debt		 -10 - 0.00 0.00 -20 -60 0.00 -40 -1.14 -22 -1.18
Payment of Dividends		 -47 -66 -51 -36 -37 -37 -43 -14 -18 -19 -9.87
Other Financing Activities, Net		 -0.65 -1.57 -0.79 -1.10 -0.71 - -3.08 -1.30 -1.73 -0.85 -0.75
Cash Interest Paid		 7.34 8.12 8.91 11 12 11 9.93 17 31 29 26
Cash Income Taxes Paid		 -2.83 -0.06 9.85 8.17 19 17 -3.93 -3.47 45 25 -22

Quarterly Cash Flow Statements for James River Group

This table details how cash moves in and out of James River Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
Net Change in Cash & Equivalents		 66 274 -312 2.91 -83 -59 19 1.04 -33 -32 -28
Net Cash From Operating Activities		 24 -8.68 -270 7.47 -51 25 34 -27 -0.68 -5.09 -39
Net Cash From Investing Activities		 47 309 -35 -14 -53 -81 -13 30 -29 -24 14
Net Cash From Continuing Investing Activities		 47 309 -35 81 -53 -81 -13 30 -29 -24 14
Purchase of Property, Leasehold Improvements and Equipment		 -0.75 -0.58 -0.83 -2.73 -1.22 -0.46 -0.66 -2.46 -0.08 -0.86 -0.81
Purchase of Investment Securities		 -79 -17 -107 -132 -121 -149 -90 -55 -129 -110 -67
Sale and/or Maturity of Investments		 126 237 68 118 68 63 77 105 81 95 78
Other Investing Activities, net		 0.72 -7.10 4.93 1.29 1.72 5.98 0.75 -17 18 -7.96 3.39
Net Cash From Financing Activities		 -5.46 -26 -7.15 9.79 22 -3.57 -2.58 -2.54 -3.16 -2.44 -2.45
Net Cash From Continuing Financing Activities		 -5.46 -26 -7.15 9.79 22 -3.57 -2.58 -2.54 -3.16 -2.44 -2.45
Payment of Dividends		 -4.63 -4.52 -7.14 -2.71 -2.57 -2.43 -2.44 -2.44 -2.49 -2.43 -2.43
Other Financing Activities, Net		 -0.82 -0.01 -0.00 -0.01 -0.55 -0.01 -0.10 -0.10 -0.67 -0.01 -0.02
Cash Interest Paid		 7.80 7.83 6.81 6.31 6.13 5.57 7.50 6.50 6.12 6.09 6.20

Annual Balance Sheets for James River Group

This table presents James River Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 2,055 2,347 2,757 3,137 5,024 5,063 4,949 5,137 5,317 5,007 4,860
Cash and Due from Banks		 106 110 - 172 207 162 190 159 274 362 261
Restricted Cash		 - - - - 1,199 860 102 103 72 29 8.48
Trading Account Securities		 - - - 1,263 1,514 1,873 1,786 1,286 1,444 1,276 1,478
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 - - - 11 14 11 11 9.77 12 11 13
Unearned Premiums Asset		 - - - 420 548 613 685 509 543 541 358
Deferred Acquisition Cost		 61 65 72 54 62 63 69 33 31 30 31
Goodwill		 182 182 182 182 182 182 182 182 182 182 182
Intangible Assets		 40 39 38 38 37 36 36 36 33 32 32
Other Assets		 132 183 303 996 1,261 1,263 1,888 2,819 2,725 2,544 2,497
Total Liabilities & Shareholders' Equity		 785 944 1,292 3,137 5,024 5,063 4,949 5,137 5,317 5,007 4,860
Total Liabilities		 785 944 1,292 2,428 4,246 4,267 4,223 4,438 4,638 4,413 4,189
Short-Term Debt		 - - - - - 262 262 222 222 201 226
Other Short-Term Payables		 - - - 52 - 56 58 57 57 53 31
Long-Term Debt		 - - - 222 262 104 104 104 104 104 104
Claims and Claim Expense		 785 944 1,292 1,661 2,046 2,192 2,748 2,341 2,606 3,084 3,099
Unearned Premiums Liability		 - - - 386 524 630 728 578 588 572 448
Other Long-Term Liabilities		 - - - 105 1,414 1,023 323 1,120 1,040 399 281
Commitments & Contingencies		 - - - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - - - - - - 0.00 145 145 133 133
Total Equity & Noncontrolling Interests		 0.00 0.00 0.00 709 779 796 725 554 535 461 538
Total Preferred & Common Equity		 681 693 695 709 779 796 725 554 535 461 538
Preferred Stock		 - - - 0.00 0.00 0.00 - - 0.00 0.00 0.00
Total Common Equity		 0.00 0.00 0.00 709 779 796 725 554 535 461 538
Common Stock		 - - - 645 658 664 862 869 876 933 938
Retained Earnings		 - - - 80 90 49 -167 -152 -278 -402 -365
Accumulated Other Comprehensive Income / (Loss)		 - - - -16 31 82 30 -163 -64 -70 -35

Quarterly Balance Sheets for James River Group

This table presents James River Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026 9/30/2026
Total Assets		 5,193 5,251 4,738 4,959 4,949 5,018 4,950 4,762 4,773 4,293
Cash and Due from Banks		 233 305 673 360 279 220 239 228 196 168
Restricted Cash		 107 73 28 28 29 29 30 8.56 8.63 8.71
Trading Account Securities		 1,952 1,416 1,243 1,346 1,347 1,388 1,481 1,507 1,513 1,447
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Investment Income		 17 12 9.85 10 11 12 12 13 14 14
Unearned Premiums Asset		 587 511 570 513 481 544 396 307 318 250
Deferred Acquisition Cost		 42 27 27 27 28 31 30 30 31 29
Goodwill		 182 182 182 182 182 182 182 182 182 0.00
Intangible Assets		 33 33 33 33 32 32 32 32 32 32
Other Assets		 2,041 2,692 1,973 2,459 2,560 2,580 2,550 2,455 2,478 2,344
Total Liabilities & Shareholders' Equity		 5,193 5,251 4,738 4,959 4,949 5,018 4,950 4,762 4,773 4,293
Total Liabilities		 4,486 4,566 4,052 4,283 4,331 4,393 4,314 4,110 4,117 3,868
Short-Term Debt		 222 222 201 201 226 226 226 226 226 226
Other Short-Term Payables		 56 43 48 52 - - 38 17 20 25
Long-Term Debt		 104 104 104 104 104 104 104 104 104 104
Claims and Claim Expense		 2,887 2,662 2,720 3,002 3,082 3,076 3,117 3,088 3,090 2,912
Unearned Premiums Liability		 617 551 601 577 527 571 489 407 418 375
Other Long-Term Liabilities		 562 968 365 317 394 415 340 268 260 225
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 145 145 145 145 133 133 133 133 133 133
Total Equity & Noncontrolling Interests		 563 540 542 530 484 493 504 518 523 292
Total Preferred & Common Equity		 563 540 542 530 484 493 504 518 523 292
Preferred Stock		 - - - - 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 563 540 542 530 484 493 504 518 523 292
Common Stock		 875 878 880 881 935 936 937 938 940 941
Retained Earnings		 -123 -267 -264 -308 -395 -393 -394 -376 -372 -562
Accumulated Other Comprehensive Income / (Loss)		 -189 -71 -74 -43 -56 -51 -39 -44 -45 -87

Annual Metrics And Ratios for James River Group

This table displays calculated financial ratios and metrics derived from James River Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 28,769,487.00 29,116,496.00 29,607,305.00 29,953,371.00 30,405,422.00 30,610,153.00 37,291,149.00 37,460,041.00 37,639,568.00 - 45,965,839.00
DEI Adjusted Shares Outstanding		 28,769,487.00 29,116,496.00 29,607,305.00 29,953,371.00 30,405,422.00 30,610,153.00 37,291,149.00 37,460,041.00 37,639,568.00 - 45,965,839.00
DEI Earnings Per Adjusted Shares Outstanding		 1.86 2.56 1.47 2.13 1.26 0.16 -4.63 0.83 -2.86 - 1.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 15.02% 16.10% 37.94% 8.09% 3.78% -27.39% -8.89% 7.92% 21.58% -13.26% -2.77%
EBITDA Growth		 19.44% 14.95% -5.51% 7.44% -24.89% -33.82% -136.48% 523.36% 27.99% -101.40% 4,588.59%
EBIT Growth		 31.02% 32.73% -30.50% 28.46% -26.78% -76.99% -1,005.84% 149.27% 63.15% -181.83% 171.07%
NOPAT Growth		 19.72% 39.21% -41.50% 46.51% -39.94% -87.42% -1,669.05% 146.05% 75.60% -181.33% 200.07%
Net Income Growth		 19.72% 39.21% -41.50% 46.51% -39.94% -87.42% -3,682.07% 117.92% -447.67% 24.67% 158.47%
EPS Growth		 17.42% 36.81% -42.17% 46.53% -40.76% -87.20% -3,187.50% 111.94% -630.51% 2.24% 125.82%
Operating Cash Flow Growth		 -7.99% 28.66% 34.64% 39.56% 413.41% -118.39% -233.62% 124.38% -60.51% -380.93% 92.40%
Free Cash Flow Firm Growth		 169.31% -320.47% 68.78% 3,393.84% -111.90% -63.66% 95.31% 1,965.12% -20.88% -28.81% -191.63%
Invested Capital Growth		 2.19% 10.43% 4.40% -36.38% 11.74% 11.63% -6.05% -6.11% -1.87% -10.64% 11.37%
Revenue Q/Q Growth		 0.26% 8.10% 5.20% -0.35% 5.02% -8.99% -19.23% 3.30% 22.89% -11.37% 6.54%
EBITDA Q/Q Growth		 207.82% 171.56% 125.43% 189.27% 280.64% 57.59% 76.98% 185.47% 114.98% -108.91% 350.98%
EBIT Q/Q Growth		 16.69% 18.54% -27.69% 11.11% 43.53% -79.46% 26.44% 7.20% 2.60% -349.90% 209.19%
NOPAT Q/Q Growth		 7.66% 21.15% -36.87% 21.76% 29.96% -89.41% 26.44% 0.00% -6.36% -386.72% 253.75%
Net Income Q/Q Growth		 7.66% 21.15% -36.87% 21.76% 29.96% -89.41% -36.32% 158.39% -271.48% 52.03% 195.98%
EPS Q/Q Growth		 7.69% 20.87% -37.12% 21.97% 28.87% -89.12% -21.98% 144.03% -326.81% 35.31% 135.27%
Operating Cash Flow Q/Q Growth		 -7.99% -24.30% 8.56% -14.38% 491.11% -126.00% 17.93% -29.49% -42.27% 6.53% -221.40%
Free Cash Flow Firm Q/Q Growth		 0.00% -232.82% -119.31% 219.33% -113.55% 7.69% 96.11% -53.16% 171.24% -19.50% -177.18%
Invested Capital Q/Q Growth		 38.01% 49.52% 60.33% -36.44% 7.17% 1.68% -7.48% 2.70% -2.70% -8.29% 3.57%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 31.60% 31.28% 21.43% 21.30% 15.41% 14.05% -5.62% 22.06% 23.23% -0.38% 17.36%
EBIT Margin		 11.84% 13.53% 6.82% 8.10% 5.72% 1.81% -18.02% 8.23% 11.04% -10.41% 7.61%
Profit (Net Income) Margin		 10.60% 12.70% 5.39% 7.30% 4.23% 0.73% -28.79% 4.78% -13.68% -11.88% 7.14%
Tax Burden Percent		 89.50% 93.86% 79.00% 90.11% 73.92% 40.41% 159.81% 58.14% -123.90% 114.06% 93.84%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 10.50% 6.14% 21.00% 9.89% 26.08% 59.59% 0.00% 34.57% 29.58% 0.00% 1.43%
Return on Invested Capital (ROIC)		 4.26% 5.57% 3.04% 5.33% 3.89% 0.44% -6.72% 3.29% 6.03% -5.23% 5.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.26% 5.57% 3.04% 5.33% 3.89% 0.44% -33.22% 2.17% -45.72% -15.16% 4.49%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 12.67% 1.27% 0.17% -16.01% 1.06% -21.65% -7.51% 2.25%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 18.00% 5.15% 0.61% -22.72% 4.35% -15.63% -12.74% 7.50%
Cash Return on Invested Capital (CROIC)		 2.09% -4.34% -1.26% 49.80% -7.20% -10.55% -0.48% 9.60% 7.91% 6.01% -5.52%
Operating Return on Assets (OROA)		 2.98% 3.60% 2.16% 2.40% 1.27% 0.24% -2.16% 1.06% 1.66% -1.38% 1.02%
Return on Assets (ROA)		 2.67% 3.38% 1.71% 2.17% 0.94% 0.10% -3.45% 0.61% -2.06% -1.57% 0.96%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 18.00% 5.15% 0.61% -22.72% 3.91% -12.34% -9.96% 5.92%
Return on Equity Simple (ROE_SIMPLE)		 7.86% 10.74% 6.27% 9.00% 4.92% 0.61% -23.82% 5.59% -20.14% -17.60% 8.81%
Net Operating Profit after Tax (NOPAT)		 53 74 44 64 38 4.82 -76 35 61 -50 50
NOPAT Margin		 10.60% 12.70% 5.39% 7.30% 4.23% 0.73% -12.61% 5.38% 7.77% -7.29% 7.50%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 26.51% 1.12% 51.75% 9.93% 0.75%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 88.16% 86.47% 93.18% 91.90% 94.28% 98.19% 118.02% 91.77% 88.96% 110.41% 92.39%
Earnings before Interest and Taxes (EBIT)		 60 79 55 71 52 12 -108 53 87 -71 51
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 160 183 173 186 140 93 -34 143 183 -2.57 115
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.36 1.46 1.76 1.43 1.37 0.63 0.40 0.54
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.97 2.03 2.43 2.05 2.25 1.05 0.75 0.90
Price to Revenue (P/Rev)		 1.47 1.69 1.25 1.10 1.25 2.13 1.73 1.17 0.43 0.27 0.44
Price to Earnings (P/E)		 13.92 13.30 23.23 15.12 29.61 290.97 0.00 34.03 0.00 0.00 7.38
Dividend Yield		 5.72% 5.73% 4.10% 3.72% 3.21% 2.62% 4.31% 0.99% 2.23% 3.29% 0.63%
Earnings Yield		 7.18% 7.52% 4.30% 6.61% 3.38% 0.34% 0.00% 2.94% 0.00% 0.00% 13.55%
Enterprise Value to Invested Capital (EV/IC)		 0.50 0.63 0.69 1.09 0.00 0.64 1.02 0.94 0.46 0.26 0.48
Enterprise Value to Revenue (EV/Rev)		 1.26 1.50 1.25 1.16 0.00 1.14 1.85 1.49 0.59 0.34 0.73
Enterprise Value to EBITDA (EV/EBITDA)		 4.00 4.80 5.84 5.45 0.00 8.08 0.00 6.75 2.53 0.00 4.21
Enterprise Value to EBIT (EV/EBIT)		 10.68 11.10 18.35 14.33 0.00 62.65 0.00 18.12 5.31 0.00 9.60
Enterprise Value to NOPAT (EV/NOPAT)		 11.93 11.83 23.23 15.90 0.00 155.02 0.00 27.69 7.55 0.00 9.74
Enterprise Value to Operating Cash Flow (EV/OCF)		 5.32 5.71 4.87 3.50 0.00 0.00 0.00 4.33 5.25 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 24.25 0.00 0.00 1.70 0.00 0.00 0.00 9.50 5.75 4.04 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.31 0.34 0.46 0.51 0.47 0.48 0.51 0.49
Long-Term Debt to Equity		 0.00 0.00 0.00 0.31 0.34 0.13 0.14 0.15 0.15 0.18 0.16
Financial Leverage		 0.00 0.00 0.00 2.38 0.33 0.40 0.48 0.49 0.47 0.50 0.50
Leverage Ratio		 0.00 0.00 0.00 8.31 5.49 6.41 6.58 7.08 7.59 8.11 7.80
Compound Leverage Factor		 0.00 0.00 0.00 8.31 5.49 6.41 6.58 7.08 7.59 8.11 7.80
Debt to Total Capital		 0.00% 0.00% 0.00% 23.87% 25.20% 31.53% 33.56% 31.84% 32.44% 33.91% 32.95%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 22.57% 24.03% 21.69% 22.10% 22.34% 22.55%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 23.87% 25.20% 8.96% 9.53% 10.15% 10.34% 11.58% 10.39%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.14% 14.41% 14.81% 13.30%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 76.13% 74.80% 68.47% 66.44% 54.02% 53.15% 51.28% 53.75%
Debt to EBITDA		 0.00 0.00 0.00 1.19 1.88 3.96 -10.85 2.28 1.78 -118.71 2.86
Net Debt to EBITDA		 0.00 0.00 0.00 0.27 -8.18 -7.09 -2.20 0.45 -0.11 33.57 0.52
Long-Term Debt to EBITDA		 0.00 0.00 0.00 1.19 1.88 1.12 -3.08 0.73 0.57 -40.52 0.90
Debt to NOPAT		 0.00 0.00 0.00 3.48 6.84 75.94 -4.84 9.36 5.33 -6.12 6.62
Net Debt to NOPAT		 0.00 0.00 0.00 0.78 -29.83 -135.95 -0.98 1.83 -0.33 1.73 1.21
Long-Term Debt to NOPAT		 0.00 0.00 0.00 3.48 6.84 21.57 -1.37 2.99 1.70 -2.09 2.09
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 10.18% 21.03% 21.83% 21.04%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 26 -58 -18 597 -71 -116 -5.45 102 80 57 -52
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 286,902.12% -49,877.96% -14,493.83% 2,709.99% 1,367.00% -5,052.86% -391.29%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 -2.02 51.64 0.00 -11.58 -0.61 7.32 3.26 2.32 -2.23
Operating Cash Flow to Interest Expense		 0.00 0.00 23.16 25.10 0.00 -27.29 -102.39 16.06 3.57 -10.02 -0.80
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 23.16 25.10 0.00 -27.35 -103.10 15.46 3.31 -10.22 -1.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.25 0.27 0.32 0.30 0.22 0.13 0.12 0.13 0.15 0.13 0.13
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,270 1,403 1,464 932 1,041 1,162 1,092 1,025 1,006 899 1,001
Invested Capital Turnover		 0.40 0.44 0.56 0.73 0.92 0.60 0.53 0.61 0.78 0.72 0.70
Increase / (Decrease) in Invested Capital		 27 132 62 -533 109 121 -70 -67 -19 -107 102
Enterprise Value (EV)		 638 881 1,012 1,015 -8.41 748 1,112 965 462 231 485
Market Capitalization		 745 991 1,012 965 1,135 1,404 1,038 756 337 184 292
Book Value per Share		 $0.00 $0.00 $0.00 $23.68 $25.61 $25.99 $19.45 $14.78 $14.20 $12.18 $11.71
Tangible Book Value per Share		 ($7.69) ($7.58) ($7.44) $16.35 $18.41 $18.86 $13.61 $8.98 $8.50 $6.52 $7.05
Total Capital		 0.00 0.00 0.00 932 1,041 1,162 1,092 1,025 1,006 899 1,001
Total Debt		 0.00 0.00 0.00 222 262 366 366 326 326 305 330
Total Long-Term Debt		 0.00 0.00 0.00 222 262 104 104 104 104 104 104
Net Debt		 -106 -110 0.00 50 -1,144 -656 74 64 -20 -86 60
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.52 0.55 6.30 8.22 6.43 4.89 4.80
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 97 3.89 169 31 2.39
Net Nonoperating Obligations (NNO)		 1,270 1,403 1,464 222 262 366 366 326 326 305 330
Total Depreciation and Amortization (D&A)		 100 104 118 115 88 81 74 90 96 69 65
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.87 $2.56 $1.48 $2.14 $1.27 $0.16 ($4.94) $0.59 ($3.14) ($3.06) $0.86
Adjusted Weighted Average Basic Shares Outstanding		 28.66M 29.06M 29.46M 29.89M 30.28M 30.55M 34.96M 37.44M 37.62M 38.69M 45.97M
Adjusted Diluted Earnings per Share		 $1.82 $2.49 $1.44 $2.11 $1.25 $0.16 ($4.94) $0.59 ($3.13) ($3.06) $0.79
Adjusted Weighted Average Diluted Shares Outstanding		 29.33M 29.89M 30.27M 30.31M 30.67M 30.88M 34.96M 37.65M 37.81M 38.69M 60.01M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.27 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 28.94M 29.32M 29.74M 30.07M 30.52M 30.77M 37.45M 37.52M 37.66M 45.64M 45.97M
Normalized Net Operating Profit after Tax (NOPAT)		 53 74 44 64 38 8.36 -76 35 63 -50 50
Normalized NOPAT Margin		 10.60% 12.70% 5.39% 7.30% 4.23% 1.27% -12.61% 5.38% 8.00% -7.29% 7.50%
Pre Tax Income Margin		 11.84% 13.53% 6.82% 8.10% 5.72% 1.81% -18.02% 8.23% 11.04% -10.41% 7.61%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 6.15 6.13 0.00 1.19 -12.12 3.84 3.53 -2.88 2.15
NOPAT to Interest Expense		 0.00 0.00 4.85 5.53 0.00 0.48 -8.48 2.51 2.49 -2.02 2.12
EBIT Less CapEx to Interest Expense		 0.00 0.00 6.15 6.13 0.00 1.14 -12.83 3.25 3.27 -3.08 1.94
NOPAT Less CapEx to Interest Expense		 0.00 0.00 4.85 5.53 0.00 0.43 -9.19 1.92 2.22 -2.22 1.91
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 88.61% 88.61% 116.68% 56.59% 95.78% 768.06% -25.02% 44.95% -16.94% -23.42% 20.82%
Augmented Payout Ratio		 100.69% 95.20% 138.36% 60.10% 103.34% 842.77% -25.02% 44.95% -16.94% -23.42% 20.82%

Quarterly Metrics And Ratios for James River Group

This table displays calculated financial ratios and metrics derived from James River Group's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026 9/30/2026
DEI Shares Outstanding		 37,660,083.00 37,825,767.00 37,825,767.00 - 45,644,318.00 45,893,162.00 45,916,453.00 45,965,839.00 45,968,584.00 46,236,856.00 46,239,030.00
DEI Adjusted Shares Outstanding		 37,660,083.00 37,825,767.00 37,825,767.00 - 45,644,318.00 45,893,162.00 45,916,453.00 45,965,839.00 45,968,584.00 46,236,856.00 46,239,030.00
DEI Earnings Per Adjusted Shares Outstanding		 0.41 0.20 -1.04 - 0.21 0.10 0.02 0.70 -0.19 0.14 -4.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 4.56% -3.62% -9.06% -42.00% -14.33% -7.09% -10.17% 33.70% -12.57% -7.87% -14.72%
EBITDA Growth		 196.93% 13.11% -268.37% -363.53% -51.29% -63.42% 105.28% 134.14% -165.49% 15.29% -6,978.63%
EBIT Growth		 198.55% 13.18% -269.16% -364.74% -51.43% -63.71% 105.10% 133.97% -166.43% 15.48% -7,215.46%
NOPAT Growth		 197.42% 19.37% -253.42% -389.87% -53.26% -64.64% 104.38% 163.48% -167.75% 29.30% -8,391.99%
Net Income Growth		 60.31% -52.09% -301.43% 57.60% -37.84% -37.59% 102.59% 149.52% -193.20% 34.46% -18,458.47%
EPS Growth		 94.44% -62.86% -344.44% 40.63% -54.29% -53.85% 98.18% 124.18% -243.75% 66.67% -20,300.00%
Operating Cash Flow Growth		 23.79% -137.47% -589.66% 176.19% -313.74% 389.76% 112.71% -458.96% 98.67% -120.23% -213.51%
Free Cash Flow Firm Growth		 15.80% 280.15% 243.98% 54.09% -0.75% -48.41% -12.82% -224.34% -155.67% -156.94% 428.14%
Invested Capital Growth		 -4.84% -6.17% -5.19% -10.64% -6.27% -3.63% -1.38% 11.37% 3.58% 3.14% -21.91%
Revenue Q/Q Growth		 -6.70% -6.52% 1.88% -34.72% 37.80% 1.37% -1.49% -2.84% -9.88% 6.82% -8.82%
EBITDA Q/Q Growth		 20.66% -38.64% -355.92% -39.09% 122.30% -53.93% -63.04% 798.83% -142.78% 181.11% -2,305.47%
EBIT Q/Q Growth		 20.73% -38.75% -357.52% -39.02% 122.15% -54.23% -63.81% 825.91% -143.31% 179.56% -2,330.26%
NOPAT Q/Q Growth		 34.69% -38.41% -351.37% -39.02% 121.72% -53.40% -68.89% 1,916.26% -123.18% 188.92% -2,095.34%
Net Income Q/Q Growth		 110.08% -50.50% -616.47% -64.46% 114.78% -50.29% -78.55% 3,041.33% -127.82% 171.71% -3,029.21%
EPS Q/Q Growth		 108.52% -62.86% -946.15% -121.82% 106.56% -62.50% -133.33% 3,050.00% -138.98% 143.48% -4,180.00%
Operating Cash Flow Q/Q Growth		 345.75% -136.06% -3,009.27% 102.77% -789.44% 148.88% 36.42% -178.08% 97.45% -644.15% -665.34%
Free Cash Flow Firm Q/Q Growth		 104.61% 6.47% -78.30% 225.92% 31.80% -44.66% -63.33% -564.83% 40.99% 43.40% 440.13%
Invested Capital Q/Q Growth		 0.49% -1.90% -1.15% -8.29% 5.40% 0.85% 1.16% 3.57% -1.97% 0.43% -23.41%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 16.98% 11.15% -28.00% -59.66% 9.66% 4.39% 1.65% 15.23% -7.23% 5.49% -132.82%
EBIT Margin		 16.93% 11.10% -28.05% -59.73% 9.60% 4.33% 1.59% 15.18% -7.29% 5.43% -132.89%
Profit (Net Income) Margin		 7.91% 4.19% -21.24% -53.52% 5.74% 2.82% 0.61% 19.83% -6.12% 4.11% -132.00%
Tax Burden Percent		 46.73% 37.77% 75.75% 89.61% 59.80% 64.95% 38.50% 130.62% 83.90% 75.63% 99.33%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 28.68% 28.29% 0.00% 0.00% 31.36% 30.12% 39.93% -30.80% 0.00% 21.76% 0.00%
Return on Invested Capital (ROIC)		 9.27% 6.13% -15.02% -29.98% 4.41% 2.00% 0.61% 13.88% -3.41% 2.76% -65.42%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.79% 3.96% -15.97% -34.47% 3.98% 1.88% 0.43% 13.86% -3.85% 2.69% -82.20%
Return on Net Nonoperating Assets (RNNOA)		 3.12% 1.76% -7.29% -17.09% 2.00% 0.91% 0.21% 6.95% -2.00% 1.39% -51.07%
Return on Equity (ROE)		 12.39% 7.89% -22.32% -47.07% 6.41% 2.91% 0.82% 20.83% -5.41% 4.14% -116.49%
Cash Return on Invested Capital (CROIC)		 12.37% 14.10% 7.06% 6.01% 0.17% -3.56% -1.94% -5.52% -0.40% 0.16% 11.08%
Operating Return on Assets (OROA)		 2.58% 1.75% -4.26% -7.90% 1.23% 0.57% 0.20% 2.04% -0.97% 0.70% -17.41%
Return on Assets (ROA)		 1.20% 0.66% -3.23% -7.08% 0.74% 0.37% 0.08% 2.67% -0.81% 0.53% -17.29%
Return on Common Equity (ROCE)		 9.87% 6.28% -17.64% -36.80% 5.04% 2.29% 0.65% 16.45% -4.27% 3.28% -87.28%
Return on Equity Simple (ROE_SIMPLE)		 -18.88% -20.34% -31.89% 0.00% -17.95% -18.23% -9.81% 0.00% 5.58% 5.85% -54.10%
Net Operating Profit after Tax (NOPAT)		 24 14 -36 -51 11 5.12 1.59 32 -7.44 6.62 -132
NOPAT Margin		 12.08% 7.96% -19.63% -41.81% 6.59% 3.03% 0.96% 19.85% -5.11% 4.25% -93.02%
Net Nonoperating Expense Percent (NNEP)		 2.48% 2.17% 0.95% 4.49% 0.43% 0.11% 0.18% 0.01% 0.45% 0.07% 16.78%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 83.07% 88.90% 128.05% 159.73% 90.40% 95.67% 98.41% 84.82% 107.29% 94.57% 232.89%
Earnings before Interest and Taxes (EBIT)		 33 20 -52 -72 16 7.33 2.65 25 -11 8.46 -189
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 33 20 -52 -72 16 7.42 2.74 25 -11 8.55 -189
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.64 0.53 0.44 0.40 0.39 0.55 0.51 0.54 0.56 0.39 0.54
Price to Tangible Book Value (P/TBV)		 1.06 0.88 0.74 0.75 0.70 0.97 0.88 0.90 0.95 0.66 0.61
Price to Revenue (P/Rev)		 0.43 0.37 0.31 0.27 0.29 0.42 0.41 0.44 0.45 0.32 0.26
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.38 13.76 8.96 0.00
Dividend Yield		 2.19% 2.62% 3.22% 3.29% 2.88% 1.37% 0.72% 0.63% 0.63% 0.91% 1.17%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 13.55% 7.27% 11.16% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.43 0.04 0.30 0.26 0.36 0.51 0.46 0.48 0.53 0.47 0.59
Enterprise Value to Revenue (EV/Rev)		 0.55 0.05 0.39 0.34 0.53 0.75 0.72 0.73 0.80 0.73 0.74
Enterprise Value to EBITDA (EV/EBITDA)		 3.99 0.34 10.30 0.00 0.00 0.00 0.00 4.21 21.28 18.20 0.00
Enterprise Value to EBIT (EV/EBIT)		 4.01 0.34 10.43 0.00 0.00 0.00 0.00 9.60 21.61 18.46 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 5.68 0.48 17.10 0.00 0.00 0.00 0.00 9.74 17.18 14.65 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 4.71 0.62 0.00 0.00 0.00 0.00 29.04 0.00 16.14 264.12 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 3.40 0.26 4.18 4.04 204.09 0.00 0.00 0.00 0.00 305.08 4.67
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.48 0.44 0.45 0.51 0.53 0.53 0.52 0.49 0.51 0.50 0.78
Long-Term Debt to Equity		 0.15 0.15 0.15 0.18 0.17 0.17 0.16 0.16 0.16 0.16 0.24
Financial Leverage		 0.46 0.45 0.46 0.50 0.50 0.48 0.48 0.50 0.52 0.51 0.62
Leverage Ratio		 7.36 7.08 7.34 8.11 7.83 7.43 7.55 7.80 7.65 7.64 8.71
Compound Leverage Factor		 7.36 7.08 7.34 8.11 7.83 7.43 7.55 7.80 7.65 7.64 8.71
Debt to Total Capital		 32.29% 30.75% 31.10% 33.91% 34.82% 34.52% 34.13% 32.95% 33.61% 33.47% 43.70%
Short-Term Debt to Total Capital		 21.99% 20.25% 20.49% 22.34% 23.83% 23.63% 23.36% 22.55% 23.01% 22.91% 29.91%
Long-Term Debt to Total Capital		 10.29% 10.49% 10.62% 11.58% 10.98% 10.89% 10.77% 10.39% 10.60% 10.56% 13.78%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 14.34% 14.61% 14.78% 14.81% 14.05% 13.93% 13.77% 13.30% 13.56% 13.51% 17.63%
Common Equity to Total Capital		 53.38% 54.64% 54.11% 51.28% 51.14% 51.55% 52.10% 53.75% 52.82% 53.03% 38.67%
Debt to EBITDA		 2.99 2.73 10.58 -118.71 -3.76 -3.28 -7.18 2.86 13.60 12.99 -1.99
Net Debt to EBITDA		 -0.48 -3.55 -2.89 33.57 -0.24 -0.80 -1.34 0.52 3.86 4.95 -0.92
Long-Term Debt to EBITDA		 0.95 0.93 3.61 -40.52 -1.19 -1.03 -2.27 0.90 4.29 4.10 -0.63
Debt to NOPAT		 4.25 3.85 17.56 -6.12 -5.35 -4.67 -10.18 6.62 10.97 10.45 -2.83
Net Debt to NOPAT		 -0.68 -5.00 -4.80 1.73 -0.35 -1.14 -1.90 1.21 3.12 3.98 -1.32
Long-Term Debt to NOPAT		 1.35 1.31 5.99 -2.09 -1.69 -1.47 -3.21 2.09 3.46 3.30 -0.89
Noncontrolling Interest Sharing Ratio		 20.41% 20.45% 20.96% 21.83% 21.35% 21.18% 21.19% 21.04% 20.98% 20.78% 25.07%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 75 80 17 56 74 41 15 -70 -41 -23 80
Operating Cash Flow to CapEx		 3,232.08% -1,491.75% -32,523.73% 273.14% -4,225.53% 5,480.83% 5,176.47% -1,088.83% -834.15% -595.32% -4,815.33%
Free Cash Flow to Firm to Interest Expense		 11.55 12.57 2.82 9.88 13.41 7.09 2.42 -11.75 -7.40 -4.17 13.96
Operating Cash Flow to Interest Expense		 3.71 -1.37 -44.05 1.31 -9.29 4.33 5.51 -4.49 -0.12 -0.91 -6.82
Operating Cash Flow Less CapEx to Interest Expense		 3.60 -1.46 -44.19 0.83 -9.51 4.25 5.41 -4.90 -0.14 -1.06 -6.97
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.15 0.16 0.15 0.13 0.13 0.13 0.13 0.13 0.13 0.13 0.13
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,011 992 980 899 947 956 967 1,001 981 986 755
Invested Capital Turnover		 0.77 0.77 0.77 0.72 0.67 0.66 0.64 0.70 0.67 0.65 0.70
Increase / (Decrease) in Invested Capital		 -51 -65 -54 -107 -63 -36 -13 102 34 30 -212
Enterprise Value (EV)		 436 38 297 231 345 483 449 485 516 462 445
Market Capitalization		 344 288 235 184 190 269 255 292 290 203 159
Book Value per Share		 $14.33 $14.32 $14.02 $12.18 $10.61 $10.73 $10.97 $11.71 $11.28 $11.30 $6.31
Tangible Book Value per Share		 $8.63 $8.65 $8.35 $6.52 $5.92 $6.07 $6.31 $7.05 $6.63 $6.68 $5.62
Total Capital		 1,011 992 980 899 947 956 967 1,001 981 986 755
Total Debt		 326 305 305 305 330 330 330 330 330 330 330
Total Long-Term Debt		 104 104 104 104 104 104 104 104 104 104 104
Net Debt		 -53 -396 -83 -86 21 80 61 60 94 126 153
Capital Expenditures (CapEx)		 0.75 0.58 0.83 2.73 1.22 0.46 0.66 2.46 0.08 0.86 0.81
Net Nonoperating Expense (NNE)		 8.11 6.85 2.99 14 1.41 0.36 0.57 0.05 1.48 0.22 55
Net Nonoperating Obligations (NNO)		 326 305 305 305 330 330 330 330 330 330 330
Total Depreciation and Amortization (D&A)		 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.34 $0.13 ($1.10) ($2.43) $0.17 $0.06 ($0.02) $0.65 ($0.23) $0.10 ($4.08)
Adjusted Weighted Average Basic Shares Outstanding		 37.73M 37.87M 37.88M 38.69M 45.80M 46.03M 46.03M 45.97M 46.10M 46.32M 46.34M
Adjusted Diluted Earnings per Share		 $0.35 $0.13 ($1.10) ($2.44) $0.16 $0.06 ($0.02) $0.59 ($0.23) $0.10 ($4.08)
Adjusted Weighted Average Diluted Shares Outstanding		 44.64M 38.04M 37.88M 38.69M 59.66M 46.73M 46.03M 60.01M 46.10M 46.96M 46.34M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 37.83M 37.83M 37.83M 45.64M 45.89M 45.92M 45.97M 45.97M 46.24M 46.24M 46.25M
Normalized Net Operating Profit after Tax (NOPAT)		 24 14 -36 -51 11 5.12 1.59 17 -7.44 6.62 -4.81
Normalized NOPAT Margin		 12.08% 7.96% -19.63% -41.81% 6.59% 3.03% 0.96% 10.62% -5.11% 4.25% -3.39%
Pre Tax Income Margin		 16.93% 11.10% -28.05% -59.73% 9.60% 4.33% 1.59% 15.18% -7.29% 5.43% -132.89%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.08 3.18 -8.48 -12.66 2.89 1.26 0.43 4.11 -1.90 1.51 -33.06
NOPAT to Interest Expense		 3.63 2.28 -5.94 -8.86 1.98 0.88 0.26 5.38 -1.33 1.18 -23.14
EBIT Less CapEx to Interest Expense		 4.97 3.09 -8.62 -13.14 2.67 1.18 0.32 3.70 -1.92 1.36 -33.20
NOPAT Less CapEx to Interest Expense		 3.51 2.19 -6.07 -9.34 1.76 0.80 0.15 4.97 -1.35 1.03 -23.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 -15.29% -14.15% -12.33% -23.42% -19.48% -16.53% -20.52% 20.82% 33.86% 32.05% -6.20%
Augmented Payout Ratio		 -15.29% -14.15% -12.33% -23.42% -19.48% -16.53% -20.52% 20.82% 33.86% 32.05% -6.20%

Financials Breakdown Chart

Key Financial Trends

James River Group’s second-quarter 2026 results show a sequential recovery, but the broader financial picture remains mixed. Revenue increased to $155.7 million from $145.8 million in Q1 2026, while the company returned to profitability. Net income attributable to common shareholders was $4.4 million, or $0.10 per diluted share, compared with a $10.9 million loss, or a $0.23 loss per share, in the prior quarter.

  • Profitability improved sharply on a sequential basis. Q2 2026 pretax income was $8.5 million, compared with a $10.6 million pretax loss in Q1. Claims expense also declined to $99.1 million from $108.2 million, helping the company generate $6.6 million of continuing-operations income.
  • Premiums earned increased modestly from Q1. Premiums rose to $139.0 million in Q2 2026 from $135.7 million in Q1, indicating some sequential stabilization in the insurance business.
  • Investment results remained an important earnings contributor. Net realized and unrealized investment gains increased to $21.3 million in Q2 from $14.7 million in Q1 and exceeded the $20.2 million recorded in Q2 2025.
  • Common equity increased during the quarter. Total common equity rose to $522.6 million at June 30, 2026, from $518.4 million at March 31. Retained earnings also improved to a deficit of $372.2 million from a deficit of $376.1 million.
  • Interest expense has generally moderated from 2024 levels. Long-term debt interest expense was $5.6 million in Q2 2026, below the approximately $6.3 million to $6.5 million quarterly levels reported during much of 2024.
  • The investment portfolio continues to expand. Trading account securities reached $1.51 billion at the end of Q2 2026, up from $1.39 billion a year earlier and $1.24 billion in Q2 2024. This provides a large asset base for investment income and gains, but also exposes earnings to market volatility.
  • Debt levels were stable. Short-term and long-term debt totaled approximately $329.9 million at June 30, 2026, essentially unchanged from the prior quarter and Q2 2025. The company did not report new debt issuance in Q1 or Q2 2026.
  • Year-over-year operating performance weakened. Q2 2026 revenue of $155.7 million was below the restated $169.0 million reported in Q2 2025, while premiums earned declined from $152.6 million. Although common earnings improved sequentially, they were only $4.4 million versus $2.8 million in the year-earlier quarter.
  • Cash generation remains a concern. Operating cash flow was negative $5.1 million in Q2 2026 after negative $0.7 million in Q1. Cash flow from operations was also negative $26.8 million in Q4 2025 and negative $51.5 million in Q1 2025, highlighting considerable volatility.
  • Cash balances have declined substantially over the longer term. Cash and due from banks fell to $195.6 million at June 30, 2026, from $227.6 million at the end of Q1 and $220.0 million in Q2 2025. That compares with $672.5 million in Q2 2024, although the company has continued to hold more than $1.5 billion in trading securities.

James River’s recent improvement is encouraging, particularly the return to positive earnings and the reduction in quarterly claims expense. However, the recovery is not yet broad-based: premiums and revenue remain below year-earlier levels, operating cash flow is negative, and common equity remains below the $541.8 million reported in Q2 2024. Investors should monitor claims trends, premium growth, investment-market performance and cash generation to determine whether the Q2 improvement can be sustained.

11/13/26 11:30 AM ETAI Generated. May Contain Errors.

James River Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, James River Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

James River Group's net income appears to be on a downward trend, with a most recent value of $47.43 million in 2025, falling from $53.50 million in 2015. The previous period was -$81.12 million in 2024. Check out James River Group's forecast to explore projected trends and price targets.

Over the last 10 years, James River Group's total revenue changed from $504.92 million in 2015 to $664.08 million in 2025, a change of 31.5%.

In the past 12 quarters, James River Group's cash and equivalents has ranged from $167.90 million in Q3 2026 to $672.52 million in Q2 2024, and is currently $167.90 million as of their latest financial filing in Q3 2026.

James River Group had total debt of $329.86 million at the end of 2025, a 8.2% increase from 2024, and none in 2015.

Over the last 10 years, James River Group's book value per share changed from 0.00 in 2015 to 11.71 in 2025, a change of 1,170.8%.


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Financial statements for NASDAQ:JRVR last updated on 11/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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