James River Group Holdings Ltd. (JRVR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
CLARENDON HOUSE, 2 CHURCH STREET PEMBROKE, HM 11 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6331 - Fire, Marine, and Casualty Insurance (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 346,435 | 280,976 | 326,686 | 381,524 | 444,572 | 25,500 | |||
| Cash and cash equivalents | 274,298 | 173,164 | 190,123 | 162,260 | 206,912 | 172,457 | |||
| Short-term investments | 72,137 | 107,812 | 136,563 | 219,264 | 237,660 | 81,966 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | (228,923) | ||||||||
| Total current assets: | 346,435 | 280,976 | 326,686 | 381,524 | 444,572 | 25,500 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 7,800 | 8,200 | 11,700 | 14,000 | 17,200 | ✕ | |||
| Property, plant and equipment | 16,995 | 1,358 | 781 | 1,288 | 1,768 | 23,311 | |||
| Intangible assets, net (including goodwill) | 214,644 | 217,507 | 217,870 | 218,233 | 218,771 | 219,368 | |||
| Goodwill | 181,831 | 181,831 | 181,831 | 181,831 | 181,831 | 181,831 | |||
| Intangible assets, net (excluding goodwill) | 32,813 | 35,676 | 36,039 | 36,402 | 36,940 | 37,537 | |||
| Deferred income tax assets | 48,297 | 48,844 | 26,430 | ✕ | |||||
| Total noncurrent assets: | 287,736 | 275,909 | 256,781 | 233,521 | 237,739 | 242,679 | |||
| Other undisclosed assets | 4,683,079 | 4,580,190 | 4,365,083 | 4,448,027 | 4,342,094 | 2,868,597 | |||
| TOTAL ASSETS: | 5,317,250 | 5,137,075 | 4,948,550 | 5,063,072 | 5,024,405 | 3,136,776 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 1,105 | ||||||||
| Deferred income tax liabilities | 1,105 | ✕ | |||||||
| Total noncurrent liabilities: | 1,105 | ||||||||
| Other undisclosed liabilities | 4,637,731 | 4,438,411 | 4,223,188 | 4,266,359 | 4,245,824 | 2,427,535 | |||
| Total liabilities: | 4,637,731 | 4,438,411 | 4,223,188 | 4,267,464 | 4,245,824 | 2,427,535 | |||
| Temporary equity, carrying amount | 144,898 | 144,898 | |||||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 534,621 | 553,766 | 725,362 | 795,608 | 778,581 | 709,241 | |||
| Common stock | 7 | 7 | 6 | 6 | 6 | ||||
| Additional paid in capital | 876,240 | 868,858 | 862,040 | 664,476 | 657,875 | 645,310 | |||
| Accumulated other comprehensive income (loss) | (63,721) | (163,044) | 29,978 | 81,899 | 31,114 | (15,828) | |||
| Retained earnings (accumulated deficit) | (277,905) | (152,055) | (166,663) | 49,227 | 89,586 | 79,753 | |||
| Other undisclosed equity, attributable to parent | 7 | ||||||||
| Total equity: | 534,621 | 553,766 | 725,362 | 795,608 | 778,581 | 709,241 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,317,250 | 5,137,075 | 4,948,550 | 5,063,072 | 5,024,405 | 3,136,776 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 812,009 | 813,696 | 772,880 | 668,689 | 907,125 | 885,599 | ||
| Premiums earned, net | 708,005 | 766,161 | 695,594 | 606,806 | 823,746 | 815,398 | ||
| Cost of revenue | (500,157) | (544,814) | (792,352) | (478,545) | (672,102) | (600,276) | ||
| Policyholder benefits and claims incurred, net | (500,157) | (544,814) | (792,352) | (478,545) | (672,102) | (600,276) | ||
| Gross profit: | 311,852 | 268,882 | (19,472) | 190,144 | 235,023 | 285,323 | ||
| Operating expenses | (194,019) | (195,920) | (165,055) | (656,752) | (855,258) | (814,761) | ||
| Other operating expense, net (Other Expenses) | (3,792) | (5,997) | (2,585) | |||||
| Operating income (loss): | 114,041 | 66,965 | (187,112) | (466,608) | (620,235) | (529,438) | ||
| Nonoperating income | 4,216 | 981 | 353 | 1,153 | ||||
| Other nonoperating income | 4,216 | 981 | 353 | 1,153 | ||||
| Interest and debt expense | (24,627) | (17,578) | (8,922) | (10,033) | (10,596) | (11,553) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 93,630 | 50,368 | (195,681) | (475,488) | (630,831) | (540,991) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (6,716) | (981) | (353) | 487,425 | 682,698 | 611,829 | ||
| Income (loss) from continuing operations before income taxes: | 86,914 | 49,387 | (196,034) | 11,937 | 51,867 | 70,838 | ||
| Income tax expense (benefit) | (25,705) | (18,414) | 23,235 | (7,113) | (13,528) | (7,008) | ||
| Income (loss) from continuing operations: | 61,209 | 30,973 | (172,799) | 4,824 | 38,339 | 63,830 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (172,799) | 4,824 | 38,339 | 63,830 | |
| Net income (loss): | 61,209 | 30,973 | (172,799) | 4,824 | 38,339 | 63,830 | ||
| Other undisclosed net loss attributable to parent | (168,893) | |||||||
| Net income (loss) attributable to parent: | (107,684) | 30,973 | (172,799) | 4,824 | 38,339 | 63,830 | ||
| Preferred stock dividends and other adjustments | (10,500) | (8,750) | ||||||
| Net income (loss) available to common stockholders, diluted: | (118,184) | 22,223 | (172,799) | 4,824 | 38,339 | 63,830 | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 61,209 | 30,973 | (172,799) | 4,824 | 38,339 | 63,830 | ||
| Other comprehensive income (loss) | (6,384) | 27,041 | 7,135 | 50,785 | 46,942 | (22,203) | ||
| Comprehensive income (loss): | 54,825 | 58,014 | (165,664) | 55,609 | 85,281 | 41,627 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (63,186) | (220,063) | (59,056) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | (8,361) | (162,049) | (224,720) | 55,609 | 85,281 | 41,627 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.