JAMES RIVER GROUP HOLDINGS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $687.6M | $707.6M | $799.1M | $825.9M | $729.9M | $691.1M | $839.0M | $840.0M |
| Net Earned Premiums | — | — | $711.5M | $768.5M | $649.6M | $590.4M | $739.8M | $787.0M |
| Net Investment Income | — | — | $76.7M | $60.3M | $59.3M | $61.5M | $71.1M | $55.2M |
| Net Realized Investment Gains Losses | — | — | $-3.2M | $-17.5M | $6.8M | $25.1M | $18.0M | $-8.8M |
| Other Income | — | — | $14.1M | $14.6M | $14.2M | $14.0M | $10.1M | $6.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $74.1M | $-46.5M | $111.5M | $67.1M | $-99.2M | $22.0M | $62.5M | $82.4M |
| Operating Margin | 10.8% | -6.6% | 14.0% | 8.1% | -13.6% | 3.2% | 7.4% | 9.8% |
| Interest Expense | $23.5M | $24.7M | $24.6M | $13.9M | $8.9M | $10.0M | $10.6M | $11.6M |
| Pretax Income | $50.5M | $-71.1M | $86.9M | $53.3M | $-108.1M | $11.9M | $51.9M | $70.8M |
| Income Tax Expense | $723.0K | $-7.6M | $25.7M | $18.4M | $-23.2M | $7.1M | $13.5M | $7.0M |
| Net Income | $47.4M | $-81.1M | $-107.7M | $31.0M | $-172.8M | $4.8M | $38.3M | $63.8M |
| Net Margin | 6.9% | -11.5% | -13.5% | 3.8% | -23.7% | 0.7% | 4.6% | 7.6% |
| EPS (Basic) | $0.86 | $-3.06 | $-3.14 | $0.59 | $-4.94 | $0.16 | $1.27 | $2.14 |
| EPS (Diluted) | $0.79 | $-3.06 | $-3.13 | $0.59 | $-4.94 | $0.16 | $1.25 | $2.11 |
| Shares Outstanding (Basic) | 46.0M | 38.7M | 37.6M | 37.4M | 35.0M | 30.6M | 30.3M | 29.9M |
| Shares Outstanding (Diluted) | 60.0M | 38.7M | 37.8M | 37.7M | 35.0M | 30.9M | 30.7M | 30.3M |
| Dividends Per Share | $0.04 | $0.16 | $0.20 | $0.20 | $1.20 | $1.20 | $1.20 | $1.20 |