James River Group Holdings
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. The last earnings update was 54 days ago. More info.
Add to Portfolio Compare Print
JRVR Share Price and Events
7 Day Returns
1 Year Returns
JRVR Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| James River Group Holdings (JRVR) | -1.8% | 3.1% | 14.9% | 17.6% | 39.5% | - |
| US Insurance | 0.9% | 3.2% | 11.1% | 14.9% | 46.1% | 47% |
| US Market | 1.4% | 3.8% | 3.5% | 4.9% | 44.8% | 40.1% |
1 Year Return vs Industry and Market
- JRVR outperformed the Insurance industry which returned 14.9% over the past year.
- JRVR outperformed the Market in United States of America which returned 4.9% over the past year.
Price Volatility
Related Companies
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
James River Group Holdings
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for James River Group Holdings.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | Excess Returns Model | |
| Stable EPS |
Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity = $26.52 * 8.7% |
$2.30 |
| Book Value of Equity per Share | Weighted future Book Value estimates from 4 analysts. | $26.52 |
| Discount Rate (Cost of Equity) | See below | 7.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Insurance Unlevered Beta | Simply Wall St/ S&P Global | 0.69 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.69 (1 + (1- 21%) (15.72%)) |
0.85 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
0.85 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.85 * 5.96%) |
7.8% |
Discounted Cash Flow Calculation for NasdaqGS:JRVR using Excess Returns Model Model
The calculations below outline how an intrinsic value for James River Group Holdings is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
Note the calculations below are per share.
See our documentation to learn about this calculation.
| Calculation | Result | |
|---|---|---|
| Excess Returns |
= (Stable Return on equity – Cost of equity) (Book Value of
Equity per share)
= (8.7% – 7.8%) * $26.52) |
$0.23 |
| Terminal Value of Excess Returns |
= Excess Returns / (Cost of Equity -
Expected Growth Rate)
= $0.23 / (7.8% - 2.73%) |
$4.62 |
| Value of Equity |
= Book Value per share + Terminal Value of
Excess Returns
= $26.52 + $4.62 |
$31.14 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $31.14 |
| Current discount | Discount to share price of
$46.31
= -1 x ($46.31 - $31.14) / $31.14 |
-48.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of James River Group Holdings is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for James River Group Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
James River Group Holdings's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2019-03-31) in USD | $2.37 |
| NasdaqGS:JRVR Share Price ** | NasdaqGS (2019-06-25) in USD | $46.31 |
| United States of America Insurance Industry PE Ratio | Median Figure of 90 Publicly-Listed Insurance Companies | 17.67x |
| United States of America Market PE Ratio | Median Figure of 3,095 Publicly-Listed Companies | 17.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of James River Group Holdings.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NasdaqGS:JRVR Share Price ÷ EPS (both in USD) = 46.31 ÷ 2.37 |
19.56x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- James River Group Holdings is overvalued based on earnings compared to the US Insurance industry average.
- James River Group Holdings is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
James River Group Holdings's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 19.56x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
7.9%per year |
| United States of America Insurance Industry PEG Ratio | Median Figure of 66 Publicly-Listed Insurance Companies | 1.54x |
| United States of America Market PEG Ratio | Median Figure of 2,133 Publicly-Listed Companies | 1.53x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 19.56x ÷ 7.9% |
2.49x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- James River Group Holdings is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
James River Group Holdings's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2019-03-31) in USD | $25.01 |
| NasdaqGS:JRVR Share Price * | NasdaqGS (2019-06-25) in USD | $46.31 |
| United States of America Insurance Industry PB Ratio | Median Figure of 119 Publicly-Listed Insurance Companies | 1.23x |
| United States of America Market PB Ratio | Median Figure of 5,255 Publicly-Listed Companies | 1.79x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NasdaqGS:JRVR Share Price ÷ Book Value per Share (both in USD) = 46.31 ÷ 25.01 |
1.85x |
* Primary Listing of James River Group Holdings.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- James River Group Holdings is overvalued based on assets compared to the US Insurance industry average.
Value checks
We assess James River Group Holdings's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check) James River Group Holdings has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- James River Group Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- James River Group Holdings's earnings growth is positive but not above the United States of America market average.
- James River Group Holdings's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NasdaqGS:JRVR Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 7.9% |
| NasdaqGS:JRVR Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 4% |
| United States of America Insurance Industry Earnings Growth Rate | Market Cap Weighted Average | 9.6% |
| United States of America Insurance Industry Revenue Growth Rate | Market Cap Weighted Average | 3.4% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.9% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.4% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 99 | |||
| 2020-12-31 | 929 | 83 | 3 | |
| 2019-12-31 | 875 | 84 | 3 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2019-03-31 | 881 | 277 | 71 |
| 2018-12-31 | 886 | 290 | 64 |
| 2018-09-30 | 889 | 339 | 52 |
| 2018-06-30 | 885 | 307 | 43 |
| 2018-03-31 | 860 | 240 | 41 |
| 2017-12-31 | 818 | 208 | 44 |
| 2017-09-30 | 769 | 191 | 69 |
| 2017-06-30 | 699 | 189 | 80 |
| 2017-03-31 | 631 | 169 | 80 |
| 2016-12-31 | 586 | 154 | 74 |
| 2016-09-30 | 542 | 96 | 61 |
| 2016-06-30 | 524 | 98 | 59 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (2 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from James River Group Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2021-12-31 | 3.14 | 3.14 | 3.14 | 1.00 |
| 2020-12-31 | 2.84 | 3.10 | 2.65 | 4.00 |
| 2019-12-31 | 2.75 | 3.03 | 2.59 | 4.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2019-03-31 | 2.37 |
| 2018-12-31 | 2.14 |
| 2018-09-30 | 1.76 |
| 2018-06-30 | 1.45 |
| 2018-03-31 | 1.38 |
| 2017-12-31 | 1.48 |
| 2017-09-30 | 2.35 |
| 2017-06-30 | 2.74 |
| 2017-03-31 | 2.75 |
| 2016-12-31 | 2.56 |
| 2016-09-30 | 2.12 |
| 2016-06-30 | 2.04 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if James River Group Holdings will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess James River Group Holdings's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
James River Group Holdings has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has James River Group Holdings performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- James River Group Holdings's year on year earnings growth rate has been positive over the past 5 years.
- James River Group Holdings's 1-year earnings growth exceeds its 5-year average (74.1% vs 2.6%)
- James River Group Holdings's earnings growth has exceeded the US Insurance industry average in the past year (74.1% vs 6.6%).
Earnings and Revenue History
All data from James River Group Holdings Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2019-03-31 | 881.38 | 70.93 | 6.23 | |
| 2018-12-31 | 885.60 | 63.83 | 6.23 | |
| 2018-09-30 | 889.04 | 52.42 | 7.69 | |
| 2018-06-30 | 885.21 | 43.19 | 7.69 | |
| 2018-03-31 | 859.57 | 40.75 | 7.69 | |
| 2017-12-31 | 817.63 | 43.57 | 7.69 | |
| 2017-09-30 | 768.68 | 69.01 | 5.49 | |
| 2017-06-30 | 699.18 | 80.03 | 5.49 | |
| 2017-03-31 | 631.30 | 80.08 | 5.49 | |
| 2016-12-31 | 586.23 | 74.47 | 5.49 | |
| 2016-09-30 | 542.31 | 61.47 | 4.01 | |
| 2016-06-30 | 524.07 | 59.06 | 4.01 | |
| 2016-03-31 | 509.78 | 56.96 | 4.01 | |
| 2015-12-31 | 504.92 | 53.50 | 4.01 | |
| 2015-09-30 | 500.51 | 49.69 | 0.58 | |
| 2015-06-30 | 479.21 | 47.90 | 0.89 | |
| 2015-03-31 | 465.78 | 44.92 | 0.89 | |
| 2014-12-31 | 439.00 | 44.69 | 0.89 | |
| 2014-09-30 | 410.25 | 53.85 | 0.51 | |
| 2014-06-30 | 391.78 | 57.85 | 0.93 | |
| 2014-03-31 | 385.49 | 62.41 | 0.93 | |
| 2013-12-31 | 386.29 | 67.34 | 0.93 | |
| 2012-12-31 | 417.91 | 8.66 | 3.92 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- James River Group Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- James River Group Holdings used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.
- James River Group Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess James River Group Holdings's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
James River Group Holdings has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is James River Group Holdings's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up James River Group Holdings's finances.
The net worth of a company is the difference between its assets and liabilities.
- James River Group Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- James River Group Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Debt is covered by short term assets, assets are 6.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from James River Group Holdings Company Filings, last reported 2 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2019-03-31 | 754.30 | 202.36 | 224.69 |
| 2018-12-31 | 709.24 | 253.22 | 254.42 |
| 2018-09-30 | 697.41 | 202.36 | 224.64 |
| 2018-06-30 | 689.24 | 202.36 | 292.51 |
| 2018-03-31 | 685.77 | 202.36 | 181.09 |
| 2017-12-31 | 694.70 | 202.36 | 204.11 |
| 2017-09-30 | 720.97 | 192.36 | 152.64 |
| 2017-06-30 | 719.72 | 192.36 | 132.93 |
| 2017-03-31 | 708.26 | 192.36 | 152.65 |
| 2016-12-31 | 693.22 | 192.36 | 165.69 |
| 2016-09-30 | 745.77 | 192.36 | 119.20 |
| 2016-06-30 | 729.90 | 192.36 | 100.62 |
| 2016-03-31 | 705.57 | 192.36 | 116.98 |
| 2015-12-31 | 681.04 | 192.36 | 130.72 |
| 2015-09-30 | 707.42 | 192.36 | 128.04 |
| 2015-06-30 | 692.19 | 192.36 | 177.18 |
| 2015-03-31 | 697.54 | 192.36 | 238.39 |
| 2014-12-31 | 687.92 | 192.36 | 212.63 |
| 2014-09-30 | 674.71 | 182.36 | 220.37 |
| 2014-06-30 | 731.86 | 162.06 | 203.18 |
| 2014-03-31 | 701.49 | 162.06 | 247.43 |
| 2013-12-31 | 701.49 | 162.06 | 247.43 |
| 2012-12-31 | 784.04 | 139.06 | 194.59 |
- James River Group Holdings's level of debt (26.8%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (23.1% vs 26.8% today).
- Debt is well covered by operating cash flow (136.9%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
Financial health checks
We assess James River Group Holdings's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) James River Group Holdings has a total score of 4/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is James River Group Holdings's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
James River Group Holdings
shares you are expected to receive
$52
in your first year as a dividend.
Dividend Amount
- James River Group Holdings's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
- James River Group Holdings's dividend is below the markets top 25% of dividend payers in United States of America (3.73%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| United States of America Insurance Industry Average Dividend Yield | Market Cap Weighted Average of 80 Stocks | 2.3% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2012 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.7% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2021-12-31 | 1.36 | 1.00 |
| 2020-12-31 | 1.30 | 4.00 |
| 2019-12-31 | 1.21 | 3.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-21 | 1.200 | 2.842 |
| 2018-09-04 | 1.200 | 3.103 |
| 2018-08-01 | 1.700 | 4.177 |
| 2018-05-02 | 1.700 | 4.352 |
| 2018-02-22 | 1.700 | 4.810 |
| 2017-11-01 | 1.700 | 4.391 |
| 2017-05-03 | 2.550 | 6.304 |
| 2017-02-15 | 2.550 | 6.068 |
| 2016-11-04 | 1.200 | 2.989 |
| 2016-11-02 | 1.200 | 3.261 |
| 2016-08-05 | 0.800 | 2.198 |
| 2016-08-03 | 0.800 | 2.332 |
| 2016-05-06 | 0.800 | 2.374 |
| 2016-05-04 | 0.800 | 2.543 |
| 2016-03-10 | 1.800 | 5.719 |
| 2016-02-17 | 1.800 | 5.914 |
| 2015-08-06 | 0.640 | 2.149 |
| 2015-08-05 | 0.640 | 2.305 |
| 2015-05-12 | 0.640 | 2.551 |
| 2015-05-06 | 0.640 | 2.650 |
| 2015-03-12 | 0.640 | 2.715 |
| 2015-02-18 | 0.640 | 2.883 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- James River Group Holdings has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but James River Group Holdings only paid a dividend in the past 4 years.
Income/ dividend checks
We assess James River Group Holdings's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can James River Group Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) James River Group Holdings has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $4,932,900 |
| AGE | 49 |
| TENURE AS CEO | 1.4 years |
CEO Bio
Mr. Robert P. Myron, also known as Bob, has been the Chief Executive Officer of James River Group Holdings, Ltd. since January 2018 and also serves as its President. Mr. Myron served as President and Chief Operating Officer of James River Group Holdings, Ltd. since September 2014 until December 2017. Mr. Myron served as an Interim Chief Financial Officer of James River Group Holdings, Ltd. since January 16, 2017 until March 10, 2017. Mr. Myron served as Chief Executive Officer of James River Group Holdings, Ltd. from October 2012 to September 2014 and served as the Chief Financial Officer from June 2010 to September 2012. He served as Senior Vice President of Finance at The Hanover Insurance Group Inc. Mr. Myron served as Senior Vice President, Treasurer, Chief Risk Officer and Director of Corporate Finance at The Hanover Insurance Group Inc. from November 2007 to 2010. He served as Chief Financial Officer of Argo Group International Holdings, Ltd. from December 2005 to October 2007. He served as an Executive Vice President and Treasurer of Argo Group International Holdings, Ltd. since December 2005 and 2003 respectively. He served as the Principal Accounting Officer of Argo Group International Holdings, Ltd. Mr. Myron served as the Chief Financial Officer and Executive Vice President of Pxre Group Ltd. from 2005 to August 2007 and served as its Treasurer since 2003 and also served as its Principal Accounting Officer. He served as Senior VP & Treasurer of Citizens Insurance Company of America from 2009 to 2010. He served as Treasurer of Hanover National Insurance Co. until 2010. He served as Treasurer of Hanover New Jersery Insurance Co. until 2010. He served as Treasurer at NOVA Casualty Co. until 2010. Mr. Myron served as the Senior Vice President of Pxre Group Ltd until January 2006. Mr. Myron was with PXRE Group Ltd. since February 2003 and served in various capacities including Chief Financial Officer of PXRE Reinsurance Ltd., PXRE's Bermuda-based operating subsidiary. From 1999 to 2003, Mr. Myron served as an officer of Select Reinsurance Ltd., a privately held Bermuda- based reinsurance company and served as its President. From 1991 to 1999, he worked in the Boston and Bermuda offices of PricewaterhouseCoopers, principally for clients in the financial services arena. He has been a Director of James River Group Holdings, Ltd. since December 2010. He served as a Director of Select Reinsurance Ltd. Mr. Myron holds the Associate in Reinsurance designation and is a Certified Public Accountant. He has a BS degree in Accounting from Babson College in 1991 and B.A. in American Studies from Babson College.
CEO Compensation
- Bob's compensation has been consistent with company performance over the past year, both up more than 20%.
- Bob's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the James River Group Holdings management team in years:
- The average tenure for the James River Group Holdings management team is less than 2 years, this suggests a new team.
Management Team
Bob Myron
President
$5M
49
1.4 yrs
Sarah Doran
Chief Financial Officer
$952K
44
2.4 yrs
Richard Schmitzer
President & CEO of the Excess and Surplus Lines Segment
$2M
62
9.3 yrs
Daniel Heinlein
President & CEO of the Casualty Reinsurance Division
$982K
32
1.2 yrs
Terry McCafferty
CEO & President of Specialty Admitted Insurance Segment
$630K
54
0.7 yrs
Kevin Copeland
SVP Finance & Chief Investment Officer
2.1 yrs
Board of Directors Tenure
Average tenure and age of the James River Group Holdings board of directors in years:
- The tenure for the James River Group Holdings board of directors is about average.
Board of Directors
Jonathan Abram
Non-Executive Chairman
$532K
62
11.5 yrs
Bob Myron
President
$5M
49
8.5 yrs
Bryan Martin
Lead Director
$176K
51
4.5 yrs
Michael Oakes
Director
$176K
53
11.5 yrs
David Zwillinger
Director
$176K
38
11.5 yrs
Jerry Masters
Director
$201K
60
4.5 yrs
Janet Cowell
Director
$176K
49
3.1 yrs
Ollie Sherman
Director
$176K
66
3.1 yrs
Christopher Harris
Director
$19K
48
0.6 yrs
Sundar Srinivasan
Director
$19K
0.6 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess James River Group Holdings's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) James River Group Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Would James River Group Holdings, Ltd. (NASDAQ:JRVR) Be Valuable To Income Investors?
Dividend paying stocks like James River Group Holdings, Ltd. … James River Group Holdings has been paying a dividend for the past four years. … James River Group Holdings's earnings per share have been essentially flat over the past five years.
Simply Wall St - – Full articleWith A Return On Equity Of 9.4%, Has James River Group Holdings, Ltd.'s (NASDAQ:JRVR) Management Done Well?
The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for James River Group Holdings: 9.4% = US$71m ÷ US$754m (Based on the trailing twelve months to March 2019.) Most readers would understand what net profit is, but it’s worth explaining the concept of shareholders’ equity. … Does James River Group Holdings Have A Good Return On Equity? … James River Group Holdings's Debt And Its 9.4% ROE Although James River Group Holdings does use debt, its debt to equity ratio of 0.29 is still low.
Simply Wall St - – Full articleShould We Worry About James River Group Holdings, Ltd.'s (NASDAQ:JRVR) P/E Ratio?
We'll apply a basic P/E ratio analysis to James River Group Holdings, Ltd.'s (NASDAQ:JRVR), to help you decide if the stock is worth further research. … Based on the last twelve months, James River Group Holdings's P/E ratio is 19.49. … See our latest analysis for James River Group Holdings?
Simply Wall St - – Full articleHow Much Are James River Group Holdings, Ltd. (NASDAQ:JRVR) Insiders Taking Off The Table?
So shareholders might well want to know whether insiders have been buying or selling shares in James River Group Holdings, Ltd. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … James River Group Holdings Insider Transactions Over The Last Year.
Simply Wall St - – Full articleWas James River Group Holdings, Ltd.'s (NASDAQ:JRVR) Earnings Growth Better Than The Industry's?
Assessing James River Group Holdings, Ltd.'s (NASDAQ:JRVR) performance as a company requires looking at more than just a years' earnings data. … Below, I will run you through a simple sense check to build perspective on how James River Group Holdings is doing by comparing its most recent earnings with its historical trend, in addition to the performance of its insurance industry peers. … View our latest analysis for James River Group Holdings?
Simply Wall St - – Full articleThese Factors Make James River Group Holdings, Ltd. (NASDAQ:JRVR) An Interesting Investment
(NASDAQ:JRVR) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … Below, I've touched on some key aspects you should know on a high level
Simply Wall St - – Full articleHow Does James River Group Holdings, Ltd. (NASDAQ:JRVR) Fare As A Dividend Stock?
James River Group Holdings, Ltd. … Does James River Group Holdings tick all the boxes of a great dividend stock? … View our latest analysis for James River Group Holdings
Simply Wall St - – Full articleWith A Return On Equity Of 9.0%, Has James River Group Holdings, Ltd.'s (NASDAQ:JRVR) Management Done Well?
To keep the lesson grounded in practicality, we'll use ROE to better understand James River Group Holdings, Ltd. … Over the last twelve months James River Group Holdings has recorded a ROE of 9.0%. … View our latest analysis for James River Group Holdings?
Simply Wall St - – Full articleJames River Group Holdings, Ltd. (NASDAQ:JRVR) Investors Are Paying Above The Intrinsic Value
Pricing insurance stocks such as JRVR is particularly challenging. … Given that these companies adhere to a different set of rules relative to other companies, their cash flows should also be valued differently. … For example, insurance companies are required to hold more capital to reduce the risk to shareholders.
Simply Wall St - – Full articleShould You Be Tempted To Sell James River Group Holdings, Ltd. (NASDAQ:JRVR) Because Of Its P/E Ratio?
We'll show how you can use James River Group Holdings, Ltd.'s (NASDAQ:JRVR) P/E ratio to inform your assessment of the investment opportunity. … James River Group Holdings has a P/E ratio of 22.11, based on the last twelve months. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleCompany Info
Description
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. Its Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia. This segment distributes its insurance policies primarily through wholesale insurance brokers. The company’s Specialty Admitted Insurance segment provides workers’ compensation coverage for building trades, healthcare employees, goods and services, light manufacturing, specialty transportation, agriculture, and fronting and program business in North Carolina, Tennessee, Virginia, South Carolina, Georgia, New Jersey, Missouri, Kansas, Pennsylvania, Massachusetts, Rhode Island, Alabama, Connecticut, and Mississippi. Its Casualty Reinsurance segment offers proportional and working layer casualty reinsurance to third parties and unaffiliated insurance companies. James River Group Holdings, Ltd. was founded in 2002 and is headquartered in Pembroke, Bermuda.
Details
| Name: | James River Group Holdings, Ltd. |
| JRVR | |
| Exchange: | NasdaqGS |
| Founded: | 2002 |
| $1,397,160,998 | |
| 30,163,234 | |
| Website: | http://www.jrgh.net |
| Address: |
James River Group Holdings, Ltd. Wellesley House, 2nd Floor, Pembroke, HM 08, Bermuda |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NasdaqGS | JRVR | Common Shares | Nasdaq Global Select | US | USD | 12. Dec 2014 | |
| DB | 0JR | Common Shares | Deutsche Boerse AG | DE | EUR | 12. Dec 2014 |
Number of employees
Current staff
Industry
| Property and Casualty Insurance | |
| Insurance |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/06/26 00:51 |
| End of day share price update: | 2019/06/25 00:00 |
| Last estimates confirmation: | 2019/05/21 |
| Last earnings filing: | 2019/05/03 |
| Last earnings reported: | 2019/03/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
