Market Summary
USD14.86-0.08
Market Closed-0.54%
JRVR Stock Price
JRVR RSI Chart
JRVR Valuation
JRVR Price/Sales (Trailing)
JRVR Profitability
JRVR Fundamentals
JRVR Revenue
JRVR Earnings
Price Action
52 Week Range
13.8726.60
(Low)(High)
Last 7 days
1.2%
Last 30 days
-0.7%
Last 90 days
-22.7%
Trailing 12 Months
-39.7%
JRVR Financial Health
JRVR Investor Care
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Net sales
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Latest Insider Trading transactions for JRVR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-08-09 | Sherman Ollie L. Jr. | acquired | - | - | 3,201 | - |
2023-03-02 | D'Orazio Frank | sold (taxes) | -123,555 | 24.51 | -5,041 | chief executive officer |
2023-03-02 | McCafferty Terence M. | sold (taxes) | -46,569 | 24.51 | -1,900 | pres & ceo- sp adm ins sgmt |
2023-03-02 | Heinlein Daniel | sold (taxes) | -60,735 | 24.51 | -2,478 | pres & ceo-casualty rein sgmt |
2023-03-02 | Hoffmann Michael J. | sold (taxes) | -53,603 | 24.51 | -2,187 | svp chief underwriting officer |
2023-03-02 | Crow Michael E | sold (taxes) | -27,573 | 24.51 | -1,125 | principal accounting officer |
2023-03-02 | Doran Sarah C. | sold (taxes) | -68,701 | 24.51 | -2,803 | chief financial officer |
2023-03-02 | Schmitzer Richard | sold (taxes) | -77,059 | 24.51 | -3,144 | pres. & ceo - e&s lines sgmt |
2023-03-02 | Miller Jeanette L | sold (taxes) | -28,358 | 24.51 | -1,157 | svp, chief legal officer |
2023-03-01 | Heinlein Daniel | acquired | - | - | 7,349 | pres & ceo-casualty rein sgmt |
Which funds bought or sold JRVR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -41.23 | -2,093 | 2,263 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -73.91 | -884,000 | 265,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.69 | -134,185 | 827,671 | -% |
2023-08-16 | Nuveen Asset Management, LLC | added | 6.44 | -850,590 | 13,595,400 | -% |
2023-08-15 | State of Tennessee, Treasury Department | unchanged | - | -57,104 | 436,287 | -% |
2023-08-15 | WELLS FARGO & COMPANY/MN | added | 45.49 | 84,119 | 377,659 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | added | 213 | 3,994,170 | 6,243,720 | -% |
2023-08-15 | LAZARD ASSET MANAGEMENT LLC | new | - | 30,000 | 30,000 | -% |
2023-08-15 | Parkside Financial Bank & Trust | reduced | -95.97 | -2,967 | 110 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | reduced | -0.58 | -107,748 | 783,774 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of James River Group Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | t. rowe price investment management, inc. | 9.6% | 3,583,161 | SC 13G | |
| Feb 14, 2023 | price t rowe associates inc /md/ | 0.0% | 13,924 | SC 13G/A | |
| Feb 13, 2023 | champlain investment partners, llc | 5.42% | 2,029,835 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 6.39% | 2,395,090 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 14.7% | 5,492,584 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 14.7% | 5,492,584 | SC 13G/A | |
| Jan 13, 2023 | gallatin point capital llc | 13.1% | 5,640,158 | SC 13D | |
| Mar 11, 2022 | gallatin point capital llc | 13.1% | 5,640,158 | SC 13G | |
| Feb 14, 2022 | madison avenue partners, lp | 2.1% | 794,837 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 6.0% | 2,253,930 | SC 13G |
Recent SEC filings of James River Group Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 12, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 06, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 17, 2023 | 8-K | Current Report | |
| Aug 10, 2023 | 4 | Insider Trading | |
| Aug 08, 2023 | 10-Q | Quarterly Report | |
| Aug 07, 2023 | 8-K | Current Report | |
| Jul 28, 2023 | 8-K | Current Report | |
| Jul 12, 2023 | 8-K | Current Report | |
| Jun 22, 2023 | DEF 14A | DEF 14A | |
| Jun 22, 2023 | ARS | ARS |
Peers (Alternatives to James River Group Holdings)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PGR | 83.5B | 55.3B | 7.95% | 14.06% | 47.86 | 1.51 | 11.39% | 104.72% |
AIG | 45.2B | 50.4B | 7.84% | 18.06% | 10.04 | 0.9 | -9.25% | -63.51% |
ALL | 29.9B | 54.6B | 8.41% | -11.08% | -11.18 | 0.55 | 9.14% | -383.17% |
AFG | 9.7B | 7.5B | 0.02% | -5.61% | 11.38 | 1.3 | 12.86% | -17.26% |
HIG | - | 23.6B | 3.56% | 13.84% | - | - | 5.78% | -4.19% |
TRV | 38.7B | 38.7B | 4.54% | 6.04% | 17.31 | 1 | 8.33% | -37.32% |
RE | 25.2B | 13.3B | 0.67% | 24.34% | 20.79 | 1.9 | 12.64% | 55.58% |
| MID-CAP | ||||||||
ESGR | 3.9B | 1.3B | -1.00% | 25.57% | 14.29 | 3.05 | 41.34% | 137.60% |
RNR | 10.5B | 7.4B | 15.58% | 43.63% | 25.42 | 1.41 | 62.27% | 144.80% |
| SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 3.93% | -38.51% | 22.87 | 3.8 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 3.21% | -21.40% | -111.97 | 0.86 | 3.44% | -114.81% |
PRA | 1.0B | 1.1B | 7.76% | -11.80% | 108.04 | 0.88 | -2.53% | -76.30% |
JRVR | 559.0M | 901.0M | -0.73% | -39.67% | 12.05 | 0.62 | 14.76% | 164.17% |
James River Group Holdings News
Returns for JRVR
Cumulative Returns on JRVR
-8.9%
7-Year Cumulative Returns
-17.4%
5-Year Cumulative Returns
-29.4%
3-Year Cumulative Returns
Risks for JRVR
What is the probability of a big loss on JRVR?
78.8%
Probability that James River Group Holdings stock will be more than 20% underwater in next one year
62.3%
Probability that James River Group Holdings stock will be more than 30% underwater in next one year.
31.5%
Probability that James River Group Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does JRVR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if James River Group Holdings was unfortunately bought at previous high price.
Drawdowns
Financials for James River Group Holdings
Income Statement (Last 12 Months)
| Income Statement (Last 12 Months) | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 6.3% | 900,985,000 | 847,349,000 | 813,696,000 | 795,323,000 | 785,087,000 | 791,848,000 | 772,880,000 | 759,731,000 | 746,203,000 | 741,385,000 | 668,689,000 | 715,648,000 | 769,657,000 | 803,282,000 | 907,125,000 | 880,497,000 | 873,715,000 | 881,382,000 | 885,599,000 | 889,040,000 | 885,214,000 |
| Operating Expenses | - | - | - | - | - | - | - | - | 906,731,000 | 841,154,000 | 829,059,000 | 656,752,000 | 657,527,000 | 769,701,000 | 818,124,000 | 855,258,000 | 844,360,000 | 788,045,000 | 802,167,000 | 814,761,000 | 825,284,000 | 829,985,000 |
| EBITDA | -100.0% | - | 71,553,000 | 68,013,000 | - | -53,101,000 | -27,964,000 | -182,397,000 | - | - | -73,282,000 | 26,989,000 | 72,682,000 | 14,982,000 | -97,000 | 66,526,000 | 51,532,000 | 101,462,000 | 95,269,000 | - | - | - |
| EBITDA Margin | -100.0% | - | 0.08 | 0.08 | - | -0.07 | -0.04 | -0.24 | - | - | -0.10 | 0.04 | 0.10 | 0.02 | 0.00 | 0.07 | 0.06 | 0.12 | 0.11 | - | - | - |
| Interest Expenses | 13.2% | 24,794,000 | 21,902,000 | 17,578,000 | 13,521,000 | 10,798,000 | 8,998,000 | 8,922,000 | 8,755,000 | 8,657,000 | 9,373,000 | 10,033,000 | 10,480,000 | 10,945,000 | 10,664,000 | 10,596,000 | 11,180,000 | 11,577,000 | 11,839,000 | 11,553,000 | 10,782,000 | 10,095,000 |
| Earnings Before Taxes | 42.7% | 69,356,000 | 48,603,000 | 49,387,000 | -47,211,000 | -63,899,000 | -41,677,000 | -196,034,000 | -147,000,000 | -94,951,000 | -87,674,000 | 11,937,000 | 58,121,000 | -44,000 | -14,842,000 | 51,867,000 | 36,137,000 | 85,670,000 | 79,215,000 | 70,838,000 | 63,756,000 | 55,229,000 |
| EBT Margin | -100.0% | - | 0.06 | 0.06 | -0.06 | -0.08 | -0.05 | -0.25 | -0.19 | -0.13 | -0.12 | 0.02 | 0.08 | 0.00 | -0.02 | 0.06 | - | - | - | - | - | - |
| Net Income | 52.8% | 46,405,000 | 30,376,000 | 30,973,000 | -53,045,000 | -72,313,000 | -59,134,000 | -172,799,000 | -126,764,000 | -76,592,000 | -61,821,000 | 4,824,000 | 45,553,000 | -5,897,000 | -21,204,000 | 38,339,000 | 29,500,000 | 74,248,000 | 70,925,000 | 63,830,000 | 52,422,000 | 43,192,000 |
| Net Income Margin | -100.0% | - | 0.04 | 0.04 | -0.07 | -0.09 | -0.07 | -0.22 | -0.17 | -0.10 | -0.08 | 0.01 | 0.06 | -0.01 | -0.03 | 0.04 | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 169,044,000 | 214,515,000 | 307,960,000 | -688,824,000 | -775,218,000 | -919,849,000 | -1,116,248,000 | -232,816,000 | -289,494,000 | -274,250,000 | 1,052,755,000 | 1,284,060,000 | 1,387,413,667 | 1,488,432,667 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.7% | 5,296 | 5,205 | 5,137 | 5,205 | 5,265 | 5,267 | 4,949 | 4,784 | 5,392 | 5,110 | 5,063 | 4,984 | 5,009 | 4,997 | 5,024 | 3,661 | 3,451 | 3,299 | 3,137 | 3,035 | 2,937 |
| Cash Equivalents | 13.7% | 227 | 200 | 173 | 188 | 453 | 372 | 292 | 231 | 1,084 | 935 | 1,022 | 1,080 | 1,225 | 1,399 | 1,406 | 256 | 169 | 133 | 172 | 184 | 267 |
| Goodwill | 0% | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 | 182 |
| Liabilities | 1.9% | 4,555 | 4,469 | 4,438 | 4,534 | 4,526 | 4,475 | 4,223 | 3,970 | 4,533 | 4,470 | 4,267 | 4,163 | 4,213 | 4,276 | 4,246 | 2,892 | 2,660 | 2,545 | 2,428 | 2,338 | 2,248 |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 98.00 | 98.00 | 98.00 | 118 | 98.00 | 98.00 |
| Shareholder's Equity | 0.8% | 596 | 591 | 554 | 527 | 594 | 648 | 725 | 814 | 858 | 640 | 796 | 821 | 796 | 720 | 779 | 769 | 791 | 754 | 709 | 697 | 689 |
| Retained Earnings | 13.0% | -127 | -146 | -152 | -165 | -156 | -159 | -166 | -89.11 | -53.99 | -63.58 | 49.00 | 79.00 | 62.00 | 35.00 | 90.00 | 78.00 | 113 | 102 | 80.00 | 77.00 | 67.00 |
| Additional Paid-In Capital | 0.3% | 872 | 870 | 869 | 867 | 865 | 863 | 862 | 860 | 858 | 664 | 664 | 664 | 660 | 658 | 658 | 656 | 653 | 648 | 645 | 643 | 641 |
| Shares Outstanding | 0% | 38.00 | 38.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 34.00 | 31.00 | 31.00 | 31.00 | 31.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 | 30.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | -28.7% | 126 | 177 | 223 | 316 | -681 | -767 | -913 | -1,113 | -230 | -289 | -273 | 1,053 | 1,285 | 1,388 | 1,489 | 252 | 194 | 277 | 290 | 339 | 307 |
| Share Based Compensation | - | - | - | 8.00 | - | - | - | 7.00 | - | - | - | 8.00 | - | - | - | 7.00 | - | - | - | 6.00 | - | - |
| Cashflow From Investing | -1.0% | -226 | -223 | -328 | -338 | -25.65 | -57.30 | 36.00 | 71.00 | -105 | -120 | -175 | -310 | -309 | -265 | -263 | -149 | -260 | -260 | -266 | -218 | -82.41 |
| Cashflow From Financing | 4.2% | -20.11 | -20.99 | 90.00 | 82.00 | 75.00 | 262 | 148 | 192 | 196 | -53.57 | 66.00 | 81.00 | 81.00 | 143 | 8.00 | -30.91 | -31.80 | -34.61 | -14.29 | -42.50 | -44.56 |
| Dividend Payments | 0.0% | 8.00 | 8.00 | 8.00 | 17.00 | 26.00 | 36.00 | 43.00 | 41.00 | 39.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 37.00 | 36.00 | 36.00 | 36.00 | 51.00 | 51.00 |
| Buy Backs | -100.0% | - | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 4.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 5.00 | 7.00 |
JRVR Income Statement
2023-06-30Condensed Consolidated Statements of Income and Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Revenues | ||||
| Gross written premiums | $ 427,741 | $ 399,714 | $ 791,634 | $ 759,650 |
| Ceded written premiums | (209,562) | (205,023) | (390,235) | (389,100) |
| Net written premiums | 218,179 | 194,691 | 401,399 | 370,550 |
| Change in net unearned premiums | (8,521) | (8,429) | 16,372 | 5,536 |
| Net earned premiums | 209,658 | 186,262 | 417,771 | 376,086 |
| Net investment income | 25,175 | 14,705 | 50,947 | 30,972 |
| Net realized and unrealized gains (losses) on investments | 2,145 | (17,110) | 2,552 | (22,120) |
| Other income | 1,464 | 949 | 2,773 | 1,816 |
| Total revenues | 238,442 | 184,806 | 474,043 | 386,754 |
| Expenses | ||||
| Losses and loss adjustment expenses | 141,308 | 121,369 | 296,596 | 256,977 |
| Other operating expenses | 58,865 | 49,036 | 119,124 | 99,097 |
| Other expenses | 223 | 0 | 826 | 368 |
| Interest expense | 6,941 | 4,049 | 13,557 | 6,341 |
| Amortization of intangible assets | 91 | 91 | 182 | 182 |
| Total expenses | 207,428 | 174,545 | 430,285 | 362,965 |
| Income before taxes | 31,014 | 10,261 | 43,758 | 23,789 |
| Income tax expense | 7,321 | 2,597 | 10,457 | 5,920 |
| Net income | 23,693 | 7,664 | 33,301 | 17,869 |
| Dividends on Series A preferred shares | (2,625) | (2,625) | (5,250) | (3,500) |
| Net income available to common shareholders | 21,068 | 5,039 | 28,051 | 14,369 |
| Other comprehensive (loss) income: | ||||
| Net unrealized (losses) gains, net of taxes of $(3,633) and $1,369 in 2023 and $(7,998) and $(19,648) in 2022 | (16,457) | (58,600) | 14,445 | (144,571) |
| Total comprehensive income (loss) | $ 7,236 | $ (50,936) | $ 47,746 | $ (126,702) |
| Net income per common share: | ||||
| Basic (in dollars per share) | $ 0.56 | $ 0.13 | $ 0.75 | $ 0.38 |
| Diluted (in dollars per share) | 0.54 | 0.13 | 0.74 | 0.38 |
| Dividend declared per common share (in dollars per share) | $ 0.05 | $ 0.05 | $ 0.10 | $ 0.10 |
| Weighted-average common shares outstanding: | ||||
| Basic (in shares) | 37,642,289 | 37,449,621 | 37,587,359 | 37,428,385 |
| Diluted (in shares) | 43,498,905 | 37,732,371 | 37,822,405 | 37,643,634 |
JRVR Balance Sheet
2023-06-30Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Invested assets: | ||
| Fixed maturity securities, available-for-sale, at fair value (amortized cost: 2023 – $2,046,249; 2022 – $1,969,783) | $ 1,875,695 | $ 1,783,417 |
| Equity securities, at fair value (cost: 2023 – $117,920; 2022 – $117,169) | 118,116 | 118,627 |
| Bank loan participations, at fair value | 143,762 | 154,991 |
| Short-term investments | 22,128 | 107,812 |
| Other invested assets | 27,415 | 27,447 |
| Total invested assets | 2,187,116 | 2,192,294 |
| Cash and cash equivalents | 227,239 | 173,164 |
| Restricted cash equivalents | 105,502 | 103,215 |
| Accrued investment income | 16,805 | 14,418 |
| Premiums receivable and agents’ balances, net | 364,842 | 340,525 |
| Reinsurance recoverable on unpaid losses, net | 1,545,736 | 1,520,113 |
| Reinsurance recoverable on paid losses | 181,956 | 114,242 |
| Prepaid reinsurance premiums | 279,507 | 274,165 |
| Deferred policy acquisition costs | 51,668 | 59,603 |
| Intangible assets, net | 35,494 | 35,676 |
| Goodwill | 181,831 | 181,831 |
| Other assets | 118,174 | 127,829 |
| Total assets | 5,295,870 | 5,137,075 |
| Liabilities: | ||
| Reserve for losses and loss adjustment expenses | 2,885,379 | 2,768,995 |
| Unearned premiums | 665,189 | 676,016 |
| Payables to reinsurers | 170,004 | 123,502 |
| Funds held | 275,331 | 310,953 |
| Deferred reinsurance gain | 37,572 | 20,091 |
| Senior debt | 222,300 | 222,300 |
| Junior subordinated debt | 104,055 | 104,055 |
| Accrued expenses | 52,507 | 59,566 |
| Other liabilities | 142,712 | 152,933 |
| Total liabilities | 4,555,049 | 4,438,411 |
| Commitments and contingent liabilities | ||
| Series A redeemable preferred shares – 2023 and 2022: $0.00125 par value; 20,000,000 shares authorized; 150,000 shares issued and outstanding | 144,898 | 144,898 |
| Shareholders’ equity: | ||
| Common shares – 2023 and 2022: $0.0002 par value; 200,000,000 shares authorized; 37,619,226 and 37,470,237 shares issued and outstanding, respectively | 7 | 7 |
| Additional paid-in capital | 872,359 | 868,858 |
| Retained deficit | (127,844) | (152,055) |
| Accumulated other comprehensive loss | (148,599) | (163,044) |
| Total shareholders’ equity | 595,923 | 553,766 |
| Total liabilities, Series A redeemable preferred shares, and shareholders’ equity | $ 5,295,870 | $ 5,137,075 |
James River Group Holdings, Ltd., through its subsidiaries, provides specialty insurance and reinsurance services in the United States. It operates through Excess and Surplus Lines, Specialty Admitted Insurance, and Casualty Reinsurance segments. The Excess and Surplus Lines segment underwrites liability and property insurance on an excess and surplus commercial lines basis in all states and the District of Columbia. This segment distributes its insurance policies primarily through wholesale insurance brokers. The Specialty Admitted Insurance segment provides workers' compensation coverage for building trades, healthcare employees, goods and services, light manufacturing, specialty transportation, and agriculture, as well as fronting and program business. The Casualty Reinsurance segment offers proportional and working layer casualty reinsurance to third parties and other insurance companies. James River Group Holdings, Ltd. was founded in 2002 and is headquartered in Pembroke, Bermuda.