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JRVR James River

James River Group Holdings, Ltd. is a Bermuda-based insurance holding company which owns and operates a group of specialty insurance and reinsurance companies. The Company operates in three specialty property-casualty insurance and reinsurance segments: Excess and Surplus Lines, Specialty Admitted Insurance and Casualty Reinsurance. Each of the Company's regulated insurance subsidiaries are rated 'A' (Excellent) by A.M. Best Company.

Company profile

Ticker
JRVR
Exchange
Website
CEO
Frank Dorazio
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Carolina Re Ltd • Falls Lake Fire and Casualty Company • Falls Lake Insurance Management Company, Inc. • Falls Lake National Insurance Company • Franklin Holdings • James River Casualty Company • James River Group Holdings UK Limited • James River Group, Inc. • James River Insurance Company • James River Management Company, Inc. ...

JRVR stock data

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Calendar

5 Aug 21
16 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from James River earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.08B 1.08B 1.08B 1.08B 1.08B 1.08B
Cash burn (monthly) (positive/no burn) 11.73M (positive/no burn) 7.91M 4M 19.22M
Cash used (since last report) n/a 41.53M n/a 28.02M 14.16M 68.06M
Cash remaining n/a 1.04B n/a 1.06B 1.07B 1.02B
Runway (months of cash) n/a 88.9 n/a 133.5 267.6 52.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Feb 21 Michael E Crow Common Shares Payment of exercise Dispose F No No 49.32 472 23.28K 42,721
21 Feb 21 Daniel Heinlein Common Shares Payment of exercise Dispose F No No 49.32 515 25.4K 24,160
21 Feb 21 Richard Schmitzer Common Shares Payment of exercise Dispose F No No 49.32 1,293 63.77K 193,959
20 Feb 21 Robert Patrick Myron Common Shares Payment of exercise Dispose F No No 49.32 2,574 126.95K 242,521
20 Feb 21 Michael E Crow Common Shares Payment of exercise Dispose F No No 49.32 474 23.38K 43,193
20 Feb 21 Daniel Heinlein Common Shares Payment of exercise Dispose F No No 49.32 950 46.85K 24,675
20 Feb 21 Richard Schmitzer Common Shares Payment of exercise Dispose F No No 49.32 1,257 62K 195,252
20 Feb 21 Doran Sarah C. Common Shares Payment of exercise Dispose F No No 49.32 1,034 51K 44,884
19 Feb 21 Robert Patrick Myron Common Shares Payment of exercise Dispose F No No 49.32 2,155 106.28K 245,095
19 Feb 21 Michael E Crow Common Shares Payment of exercise Dispose F No No 49.32 563 27.77K 43,667

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

99.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 158 157 +0.6%
Opened positions 30 24 +25.0%
Closed positions 29 30 -3.3%
Increased positions 78 58 +34.5%
Reduced positions 35 51 -31.4%
13F shares
Current Prev Q Change
Total value 1.38B 1.59B -12.7%
Total shares 36.9M 28.92M +27.6%
Total puts 0 0
Total calls 8.6K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 5.24M $196.73M +16.6%
TROW T. Rowe Price 2.76M $103.43M +101.7%
Vanguard 2.33M $87.61M +15.8%
Champlain Investment Partners 1.92M $72.17M +42.8%
Madison Avenue Partners 1.57M $58.86M NEW
Wellington Management 1.41M $52.92M -18.2%
Royce & Associates 1.39M $52.25M +79.6%
PFG Principal Financial Group Inc - Registered Shares 1.39M $52.1M +2.3%
Cramer Rosenthal MCGLYNN 1.36M $51.07M +185.2%
STT State Street 1.11M $41.69M +15.8%
Largest transactions
Shares Bought/sold Change
Madison Avenue Partners 1.57M +1.57M NEW
TROW T. Rowe Price 2.76M +1.39M +101.7%
Cramer Rosenthal MCGLYNN 1.36M +883.99K +185.2%
Frontier Capital Management 0 -846.66K EXIT
BLK Blackrock 5.24M +747.79K +16.6%
Thrivent Financial For Lutherans 30.47K -698.03K -95.8%
Royce & Associates 1.39M +617.34K +79.6%
Bernzott Capital Advisors 613.29K +613.29K NEW
Champlain Investment Partners 1.92M +576.75K +42.8%
Peregrine Capital Management 561.52K +561.52K NEW

Financial report summary

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Risks
  • On May 7, 2021, our financial strength rating was downgraded. The downgrade of our financial strength rating, along with any further downgrade, may have a significant impact on our business, liquidity and financial condition.
  • Our credit agreements contain a number of financial covenants, the breach of any of which could result in acceleration of payment of our credit facilities.
  • Our actual incurred losses may be greater than our loss and loss adjustment expense reserves, which could have a material adverse effect on our financial condition and results of operations.
  • The ongoing effect of the 2017 Tax Act, as well as other changes in U.S. tax law, may have a significant impact on the Company.
  • We are subject to extensive regulation, which may materially adversely affect our ability to achieve our business objectives. In addition, if we fail to comply with these regulations, we may be subject to penalties, including fines and suspensions, which may materially adversely affect our financial condition and results of operations.
  • We depend upon dividends and distributions from our subsidiaries, and we may be unable to distribute dividends to our shareholders to the extent we do not receive dividends from our subsidiaries.
Management Discussion
  • (1)Net retention is defined as the ratio of net written premiums to gross written premiums.
  • (2)Underwriting profit (loss) is a non-GAAP measure. See “Reconciliation of Non-GAAP Measures” for a reconciliation to income (loss) before taxes and for additional information.
  • (3)Included in underwriting results for the three and six months ended June 30, 2021 is gross fee income of $5.4 million and $10.6 million, respectively ($5.7 million and $11.2 million in the respective prior year periods).
Content analysis
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Positive
Negative
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Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: alleged, alleging, Bruyette, Court, defend, Eastern, Fort, Keefe, lawsuit, merit, NaN, ownership, Plaintiff, purported, putative, Uber, unspecified, vigorously
Removed: delivered, faster, frequently, growing, meeting, mitigate, negatively, office, pace, request, uncollateralized