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James River Group Holdings (JRVR) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · James River Group Holdings (JRVR) Q2 2026 earnings results →

Q2 2026 Revenue down 8% year over year to $161M · 4¢ of every $1 of revenue kept as net profit · operating margin 5.2%

James River Group Holdings made $161M in Q2 2026 (-8% Y/Y). Operating margin 5.2%, net earnings $6.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.

Revenue$161M
Year over year-8%
Operating margin5.2%
Net earnings$6.4M
Operating cash flow−$5.1M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $161.3M in Q2 2026, down 8% year over year and up 7% from the previous quarter.

Operating profit was $8.5M, a 5.2% margin (up 1.1 points year over year). Total costs fell 9% while revenue fell 8%. Net earnings were $6.4M, up 34% year over year. The effective tax rate was 22.3%.

Operating cash flow was −$5.1M. Non-cash charges added back $1.2M of share-based compensation. Working capital and other items used $12.7M. Capital expenditures of $855K exceeded it, leaving free cash flow of −$5.9M.

Quarterly history

James River Group Holdings revenue by quarterJames River Group Holdings revenue by quarter$127MQ4 2024$172MQ1 2025$175MQ2 2025$173MQ3 2025$168MQ4 2025$151MQ1 2026$161MQ2 2026
James River Group Holdings net earnings by quarterJames River Group Holdings net earnings by quarter−$64.8MQ4 2024$9.6MQ1 2025$4.8MQ2 2025$1.0MQ3 2025$32.1MQ4 2025−$8.9MQ1 2026$6.4MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 10, 2026$161M-8%5.2%$6.4M−$5.1M
Q1 202610-QMay 5, 2026$151M-12%-7.0%−$8.9M−$684K
Q4 202510-KMar 3, 2026$168M+32%14.6%$32.1M−$26.8M
Q3 202510-QNov 4, 2025$173M-10%1.5%$1.0M$34.3M
Q2 202510-QAug 5, 2025$175M-7%4.2%$4.8M$25.2M
Q1 202510-QMay 6, 2025$172M-14%9.3%$9.6M−$51.5M
Q4 202410-KMar 4, 2025$127M-42%-57.0%−$64.8M$7.5M

Charts

James River Group Holdings: revenue growth, year over year and quarter over quarterJames River Group Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q-42%Q4 2024-14%+36%Q1 2025-7%+1%Q2 2025-10%-1%Q3 2025+32%-3%Q4 2025-12%-10%Q1 2026-8%+7%Q2 2026
Latest (Q2 2026): Y/Y -8%, Q/Q +7%.
James River Group Holdings: where the cash came from (+) and went (−), TTM to Q2 2026James River Group Holdings: where the cash came from (+) and went (−), TTM to Q2 2026Cash drawn (+) / kept (−)$45.2MOther investing−$32.1MOther financing−$7.9MCapital spending−$4.1MDividends−$1.9MOperating cash flow$1.8MTaxes on employees’ shares−$872K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
James River Group Holdings: profit against cash, quarter by quarterJames River Group Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow−$39.4M−$270MQ3 2024−$64.8M$7.5MQ4 2024$9.6M−$51.5MQ1 2025$4.8M$25.2MQ2 2025$1.0M$34.3MQ3 2025$32.1M−$26.8MQ4 2025−$8.9M−$684KQ1 2026$6.4M−$5.1MQ2 2026
Latest (Q2 2026): Net income $6.4M, Operating cash flow −$5.1M.
James River Group Holdings: diluted shares by fiscal yearJames River Group Holdings: diluted shares by fiscal year31MFY202035MFY202138MFY202238MFY202339MFY202460MFY2025
+94.3% since FY2020: more shares outstanding (issuance, stock pay).
James River Group Holdings in its industry: growth against margin (56 companies, SIC 6331)James River Group Holdings in its industry: growth against margin (56 companies, SIC 6331)revenue growth, year over year →↑ operating marginmedian +2%median 14%BRK-BPGRALLCBTRVAIGHIGLACGLMKLCNAWRBEGCINFAFGEverest Reinsurance Holdings IncAXSTHGRNRMCYSIGIKMPRSPNTHGWTMTIPTRLISKWDKNSLUVEHMNUFCSPLMRROOTSLDELMNDSAFTHCIDGICAHRTGEIGBOWHIPOGLREASICAIIGBLIAMSFACICNODKKINSKWYPRHIKGOXBRJRVR (-8%, 5%)
Fire, Marine & Casualty Insurance; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About James River Group Holdings

James River Group Holdings, Inc. owns and operates a group of specialty property and casualty insurance companies focused on underwriting small and middle market casualty risks within the U.S. excess and surplus (“E&S”) lines market. For the year ended December 31, 2025, approximately 84.5% of our gross written premiums and 95.9% of our net written premiums originated from the E&S lines market, which we believe puts us among the top publicly traded insurers as ranked by highest concentrations of E&S risk. Substantially all of our business is casualty insurance, and for the year ended December 31, 2025, 96.7% of our gross written premiums were derived from casualty insurance. Our objective is to generate compelling returns on tangible common equity, while limiting underwriting and investment volatility.

In its own words, from its 10-K, filed Mar 3, 2026.

James River Group Holdings against its Fire, Marine & Casualty Insurance peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -8% against the peers' median +2%. Operating margin: 5.2% against the peers' median 15.1%.

CompanyQuarterRevenueY/YOp. margin
JRVR James River Group HoldingsQ2 2026$161M-8%5.2%
BRK-B Berkshire HathawayQ2 2026$101.8B+10%15.5%
PGR ProgressiveQ3 2026$23.2B+3%14.0%
ALL AllstateQ3 2026$17.3B+0.5%15.1%
CB ChubbQ3 2026$16.2B+0.3%21.0%
TRV Travelers CompaniesQ3 2026$12.4B-0.5%19.1%
AIG American International GroupQ3 2026$7.4B+17%15.0%
HIG Hartford Insurance GroupQ3 2026$7.2B+4%21.9%
L LoewsQ3 2026$4.8B+2%8.5%

Source: James River Group Holdings 10-Q on SEC EDGAR · CIK 1620459 · Fire, Marine & Casualty Insurance

13F: who owns JRVR and who is buying

Largest holders of JRVR (13F)Largest holders of JRVR (13F)Zimmer Partners, LP$20.3MT. Rowe Price Investment Manageme…$20.3MBlackRock$14.9MVanguard Group$14.4MContinental General Insurance$11.5MVanguard Capital Management LLC$7.6MRBF Capital, LLC$5.4MGeode Capital Management, LLC$4.9MDiscovery Capital Management, LLC$4.7MBoston Partners$4.6M
Funds' net buying of JRVR by quarter (13F)Funds' net buying of JRVR by quarter (13F)$02025-06$34.0M2025-09$12.1M2025-12−$2.1M2026-03$4.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on JRVR

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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