Overview Dividends

(JRVR) James River Holdings - Ratings and Ratios

Exchange: NASDAQ • Country: Bermuda • Currency: USD • Type: Common Stock • ISIN: BMG5005R1079

Insurance, Liability, Property, Fronting

JRVR EPS (Earnings per Share)

EPS Growth (3Y CAGR): -16.76%
EPS Trend (3Y Correlation): -45.9%

JRVR Revenue

Revenue Growth (3Y CAGR): -9.27%
Revenue Trend (3Y Correlation): -37.3%

Risk via 10d forecast
Volatility	50.8%
Value at Risk 5%th	72.2%

Reward
Sharpe Ratio	0.44
Alpha Jensen	-19.39

Character
Hurst Exponent	0.433
Beta	0.035

Drawdowns 3y
Max DD	85.36%
Mean DD	56.02%

Description: JRVR James River Holdings October 28, 2025

James River Group Holdings, Ltd. (NASDAQ:JRVR) is a Bermuda-based specialty insurer that operates two segments: Excess & Surplus Lines, which underwrites liability and property policies in the U.S. mainland, Puerto Rico and the U.S. Virgin Islands through wholesale brokers; and Specialty Admitted Insurance, which supplies fronting, program administration and managing general agent solutions to other carriers.

Key metrics as of the latest quarter show a combined ratio of 93.4% in the Excess & Surplus Lines segment, indicating underwriting profitability, while the company’s return on equity (ROE) hovered around 12%, above the industry median of ~9%. JRVR’s earnings are sensitive to U.S. natural-catastrophe exposure and to the broader hardening of the property-casualty market, which has been driven by rising reinsurance costs and higher interest-rate environments that improve investment income.

For a deeper quantitative view, the ValueRay platform offers a granular breakdown of JRVR’s risk metrics and peer comparisons, which can help you assess the stock’s relative value.

JRVR Stock Overview

Market Cap in USD	253m
Sub-Industry	Property & Casualty Insurance
IPO / Inception	2005-08-09
Return 12m vs S&P 500	7.57%
Analyst Rating	4.25 of 5

JRVR Dividends

Dividend Yield	0.72%
Yield on Cost 5y	0.09%
Yield CAGR 5y	-39.57%
Payout Consistency	82.8%
Payout Ratio	80.0%

JRVR Growth Ratios

CAGR	-37.92%
CAGR/Max DD Calmar Ratio	-0.44
CAGR/Mean DD Pain Ratio	-0.68
Current Volume	213.9k
Average Volume	179.6k

Piotroski VR‑10 (Strict, 0-10) 0.0

Net Income (-49.4m TTM) > 0 and > 6% of Revenue (6% = 38.8m TTM)

FCFTA 0.01 (>2.0%) and ΔFCFTA 6.03pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 243.6% (prev 446.7%; Δ -203.1pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.01 (>3.0%) and CFO 15.5m > Net Income -49.4m (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 8.45 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (46.5m) change vs 12m ago 22.65% (target <= -2.0% for YES)

Gross Margin 36.90% (prev 47.76%; Δ -10.86pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 19.29% (prev 14.07%; Δ 5.22pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -1.30 (EBITDA TTM -30.0m / Interest Expense TTM 23.3m) >= 6 (WARN >= 3)

Altman Z'' 5.01

(A) 0.90 = (Total Current Assets 1.79b - Total Current Liabilities 211.3m) / Total Assets 1.75b

(B) -0.23 = Retained Earnings (Balance) -394.4m / Total Assets 1.75b

(D) -0.10 = Book Value of Equity -433.4m / Total Liabilities 4.31b

Total Rating: 5.01 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 31.09

1. Piotroski 0.0pt = -5.0

2. FCF Yield -0.97% = -0.48

3. FCF Margin 1.61% = 0.40

4. Debt/Equity 0.61 = 2.32

5. Debt/Ebitda 7.95 = -2.50

6. ROIC - WACC (= -5.72)% = -7.15

7. RoE -8.44% = -1.41

8. Rev. Trend -37.27% = -2.79

9. EPS Trend -45.92% = -2.30

What is the price of JRVR shares?

As of November 14, 2025, the stock is trading at USD 5.59 with a total of 213,908 shares traded.
Over the past week, the price has changed by +5.27%, over one month by +7.29%, over three months by -6.66% and over the past year by +22.52%.

Is James River Holdings a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, James River Holdings (NASDAQ:JRVR) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 31.09 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of JRVR is around 3.88 USD . This means that JRVR is currently overvalued and has a potential downside of -30.59%.

Is JRVR a buy, sell or hold?

James River Holdings has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy JRVR.

Strong Buy: 2
Buy: 1
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the JRVR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	7.1	27.5%
Analysts Target Price	7.1	27.5%
ValueRay Target Price	4.1	-26.1%

JRVR Fundamental Data Overview November 10, 2025

Market Cap USD = 253.3m (253.3m USD * 1.0 USD.USD)
P/E Forward = 4.8638
P/S = 0.3917
P/B = 0.5174
Beta = 0.035
Revenue TTM = 646.6m USD
EBIT TTM = -30.2m USD
EBITDA TTM = -30.0m USD
Long Term Debt = 304.9m USD (from longTermDebt, last fiscal year)
Short Term Debt = 3.15m USD (from shortTermDebt, last fiscal year)
Debt = 304.9m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -238.8m USD (from netDebt column, last quarter)
Enterprise Value = -1.07b USD (253.3m + Debt 304.9m - CCE 1.63b)
Interest Coverage Ratio = -1.30 (Ebit TTM -30.2m / Interest Expense TTM 23.3m)
FCF Yield = -0.97% (FCF TTM 10.4m / Enterprise Value -1.07b)
FCF Margin = 1.61% (FCF TTM 10.4m / Revenue TTM 646.6m)
Net Margin = -7.64% (Net Income TTM -49.4m / Revenue TTM 646.6m)
Gross Margin = 36.90% ((Revenue TTM 646.6m - Cost of Revenue TTM 408.0m) / Revenue TTM)
Gross Margin QoQ = 99.95% (prev 25.34%)
Tobins Q-Ratio = -0.61 (set to none) (Enterprise Value -1.07b / Total Assets 1.75b)
Interest Expense / Debt = 2.04% (Interest Expense 6.22m / Debt 304.9m)
Taxrate = 39.93% (1.06m / 2.65m)
NOPAT = -18.1m (EBIT -30.2m * (1 - 39.93%)) [loss with tax shield]
Current Ratio = 8.45 (Total Current Assets 1.79b / Total Current Liabilities 211.3m)
Debt / Equity = 0.61 (Debt 304.9m / totalStockholderEquity, last quarter 503.6m)
Debt / EBITDA = 7.95 (negative EBITDA) (Net Debt -238.8m / EBITDA -30.0m)
Debt / FCF = -22.95 (Net Debt -238.8m / FCF TTM 10.4m)
Total Stockholder Equity = 585.2m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.83% (Net Income -49.4m / Total Assets 1.75b)
RoE = -8.44% (Net Income TTM -49.4m / Total Stockholder Equity 585.2m)
RoCE = -3.39% (EBIT -30.2m / Capital Employed (Equity 585.2m + L.T.Debt 304.9m))
RoIC = -2.27% (negative operating profit) (NOPAT -18.1m / Invested Capital 800.8m)
WACC = 3.46% (E(253.3m)/V(558.1m) * Re(6.14%) + D(304.9m)/V(558.1m) * Rd(2.04%) * (1-Tc(0.40)))
Discount Rate = 6.14% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 11.08%
[DCF Debug] Terminal Value 70.46% ; FCFE base≈10.4m ; Y1≈6.83m ; Y5≈3.12m
Fair Price DCF = 1.34 (DCF Value 61.4m / Shares Outstanding 46.0m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -45.92 | EPS CAGR: -16.76% | SUE: 0.25 | # QB: 0
Revenue Correlation: -37.27 | Revenue CAGR: -9.27% | SUE: -0.02 | # QB: 0

Additional Sources for JRVR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle