JRVRJames River Group Holdings, Inc.
Fire, Marine & Casualty Insurance
- Revenue
- $688M
- 2.8% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- −$97M net debt
- AI in 10-K
- —
Red flags 1 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired-40% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear-18% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear4% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $609M | $662M | $812M | $708M | $688M | 2.8% |
| Net income | −$173M | $31M | −$108M | −$81M | $47M | 158% |
| Operating cash flow | −$914M | $223M | $88M | −$247M | −$19M | 92% |
| Capex | $6M | $8M | $6M | $5M | $5M | 1.8% |
| Stock-based comp | $7M | $8M | $9M | $7M | $5M | 24% |
| Buybacks | $3M | $1M | — | — | — | |
| Dividends | $43M | $8M | $8M | $6M | $2M | 68% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $3M | $4M | 14 | 234 |
| FY2024 | $3M | $2M | 11 | 213 |
| FY2023 | $3M | $2M | 20 | 157 |
| FY2022 | $3M | $3M | 44 | 142 |
| FY2021 | $1M | $117K | 61 | 119 |