Filing Flows › James River Group Holdings (JRVR) › Q4 2024
James River Group Holdings (JRVR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 4, 2025
James River Group Holdings (JRVR) reported revenue of $127M for the fourth quarter 2024 (Q4 2024), -42% from a year earlier and -34% from the quarter before. Operating margin was -57.0%, net loss $64.8M (51.1% of revenue).
James River Group Holdings, Q4 2024: revenue $127M (-42% year over year), operating margin -57.0%, net loss $64.8M, operating cash flow $7.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $127M | -34% | -42% |
| Operating profit | −$72.3M | — | — |
| Net earnings | −$64.8M | — | — |
| Operating cash flow | $7.5M | — | — |
| Free cash flow | $4.7M | — | — |
What changed
Revenue was $126.7M in Q4 2024, down 42% year over year and down 34% from the previous quarter.
Operating costs exceeded revenue by $72.3M, an operating margin of -57.0%. Total costs grew 6% against a revenue fall of 42%. The quarter ended with a net loss of $64.8M, wider than the previous quarter's $39.4M loss.
Operating cash flow was $7.5M. Non-cash charges added back $1.0M of share-based compensation. Working capital and other items added $71.3M. Capital expenditures of $2.7M left free cash flow of $4.7M.
Questions
What was James River Group Holdings' revenue in the fourth quarter 2024?
James River Group Holdings (JRVR) reported revenue of $127M for the fourth quarter 2024 (Q4 2024), -42% from a year earlier and -34% from the quarter before.
Was James River Group Holdings profitable in the fourth quarter 2024?
Operating loss was $72.3M (-57.0% of revenue) and net loss $64.8M.