NasdaqGS:JRVR

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James River Group Holdings

Executive Summary

James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States.


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has James River Group Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: JRVR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

5.2%

JRVR

4.1%

US Insurance

1.5%

US Market


1 Year Return

-1.1%

JRVR

-19.3%

US Insurance

6.9%

US Market

Return vs Industry: JRVR exceeded the US Insurance industry which returned -21.1% over the past year.

Return vs Market: JRVR underperformed the US Market which returned 5.3% over the past year.


Shareholder returns

JRVRIndustryMarket
7 Day5.2%4.1%1.5%
30 Day12.5%2.3%5.9%
90 Day31.9%9.2%17.9%
1 Year1.9%-1.1%-17.2%-19.3%9.2%6.9%
3 Year33.2%20.1%1.4%-6.9%36.4%27.5%
5 Year113.7%71.5%29.5%13.3%64.9%47.0%

Price Volatility Vs. Market

How volatile is James River Group Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is James River Group Holdings undervalued compared to its fair value and its price relative to the market?

1.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: JRVR ($47.05) is trading above our estimate of fair value ($20.78)

Significantly Below Fair Value: JRVR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JRVR is unprofitable, so we can't compare its PE Ratio to the US Insurance industry average.

PE vs Market: JRVR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JRVR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JRVR is overvalued based on its PB Ratio (2x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

How is James River Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

98.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: JRVR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.2%).

Earnings vs Market: JRVR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: JRVR's is expected to become profitable in the next 3 years.

Revenue vs Market: JRVR's revenue is expected to decline over the next 3 years (-4.9% per year).

High Growth Revenue: JRVR's revenue is forecast to decline over the next 3 years (-4.9% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if JRVR's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has James River Group Holdings performed over the past 5 years?

-8.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JRVR is currently unprofitable.

Growing Profit Margin: JRVR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: JRVR is unprofitable, and losses have increased over the past 5 years at a rate of -8.5% per year.

Accelerating Growth: Unable to compare JRVR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: JRVR is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (-1.9%).


Return on Equity

High ROE: JRVR has a negative Return on Equity (-2.94%), as it is currently unprofitable.


Next Steps

Financial Health

How is James River Group Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: JRVR's short term assets ($2.7B) exceed its short term liabilities ($1.8B).

Long Term Liabilities: JRVR's short term assets ($2.7B) exceed its long term liabilities ($2.5B).


Debt to Equity History and Analysis

Debt Level: JRVR's debt to equity ratio (50.4%) is considered high.

Reducing Debt: JRVR's debt to equity ratio has increased from 27.6% to 50.4% over the past 5 years.

Debt Coverage: JRVR's debt is well covered by operating cash flow (382.3%).

Interest Coverage: Insufficient data to determine if JRVR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is James River Group Holdings's current dividend yield, its reliability and sustainability?

2.55%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JRVR's dividend (2.55%) is higher than the bottom 25% of dividend payers in the US market (1.68%).

High Dividend: JRVR's dividend (2.55%) is low compared to the top 25% of dividend payers in the US market (4.59%).


Stability and Growth of Payments

Stable Dividend: JRVR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: JRVR's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: JRVR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: JRVR's dividends in 3 years are forecast to be well covered by earnings (49.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Jonathan Abram (64yo)

0.92

Tenure

US$1,578,408

Compensation

Mr. Jonathan Adam Abram has been the Chief Executive Officer and Executive Chairman of James River Group Holdings, Ltd. since August 2019. Mr. Abram served as Non-Executive Chairman of James River Group Ho ...


CEO Compensation Analysis

Compensation vs Market: Jonathan's total compensation ($USD1.58M) is below average for companies of similar size in the US market ($USD4.72M).

Compensation vs Earnings: Jonathan's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Jonathan Abram
Chairman & CEO0.92yrUS$1.58m1.49% $21.3m
Robert Myron
President9.58yrsUS$1.96m0.87% $12.4m
Sarah Doran
Chief Financial Officer3.5yrsUS$1.36m0.075% $1.1m
Richard Schmitzer
President & CEO of the Excess and Surplus Lines Segment10.33yrsUS$1.28m0.44% $6.4m
Daniel Heinlein
President & CEO of the Casualty Reinsurance Division2.25yrsUS$1.14m0.045% $640.9k
Terence McCafferty
CEO & President of Specialty Admitted Insurance Segment1.75yrsUS$1.28m0.011% $152.5k
Kevin Copeland
SVP Finance & Chief Investment Officer3.17yrsno datano data

2.7yrs

Average Tenure

53.5yo

Average Age

Experienced Management: JRVR's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jonathan Abram
Chairman & CEO0.92yrUS$1.58m1.49% $21.3m
Robert Myron
President9.58yrsUS$1.96m0.87% $12.4m
Michael Oakes
Independent Director12.58yrsUS$176.49k0.049% $699.2k
Janet Cowell
Independent Director4.17yrsUS$176.49k0.015% $218.6k
Patricia Roberts
Independent Director1yrUS$52.65k0.017% $244.7k
Jerry Masters
Lead Independent Director0.33yrUS$201.49k0.072% $1.0m
Sundar Srinivasan
Independent Director1.67yrsUS$174.98k0.0039% $55.9k
Ollie Sherman
Independent Director4.17yrsUS$176.49k0.013% $181.4k
Christopher Harris
Independent Director1.67yrsUS$174.98k0.0039% $55.9k

4.2yrs

Average Tenure

55yo

Average Age

Experienced Board: JRVR's board of directors are considered experienced (4.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: JRVR insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

James River Group Holdings, Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: James River Group Holdings, Ltd.
  • Ticker: JRVR
  • Exchange: NasdaqGS
  • Founded: 2002
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Market Cap: US$1.436b
  • Shares outstanding: 30.52m
  • Website: https://www.jrgh.net

Number of Employees


Location

  • James River Group Holdings, Ltd.
  • Wellesley House
  • 2nd Floor
  • Pembroke
  • HM 08
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
JRVRNasdaqGS (Nasdaq Global Select)YesCommon SharesUSUSDDec 2014
0JRDB (Deutsche Boerse AG)YesCommon SharesDEEURDec 2014

Biography

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. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/14 23:59
End of Day Share Price2020/07/14 00:00
Earnings2020/03/31
Annual Earnings2019/12/31


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.