James River Group Holdings, Ltd. (JRVR) Balance Sheet
JRVR balance sheet, 2025
December 31, 2025 · U.S. dollars$4.86B assets = $4.19B liabilities + $671.3M equity
Both columns are drawn to the same scale: what JRVR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
JRVR financial health
Descriptive bands, not a rating. Fiscal 2025.
JRVR balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.35B2016 | $4.86B2025 | +8.4%/yr | |
| Total liabilities | $1.65B2016 | $4.19B2025 | +10.9%/yr | |
| Shareholders’ equity | $693.2M2016 | $671.3M2025 | −0.4%/yr | |
| Cash & short-term investments | $1.10B2016 | $888.1M2025 | −2.4%/yr | |
| Total debt | $192.4M2016 | $329.9M2025 | +6.2%/yr | |
| Net cash (debt) | $909.4M2016 | $558.2M2025 | −$351.1M | |
| Working capital | −$36.9M2016 | −$343.0M2025 | −$306.1M | |
| Book value per share | $23.192016 | $11.192025 | −7.8%/yr | |
| Debt / equity | 0.282016 | 0.492025 | +0.21 | |
| Shares outstanding | 29.9M2016 | 60.0M2025 | +8.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
JRVR assets
JRVR liabilities and equity
JRVR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
JRVR balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $888.1M | $979.5M | $1.67B | $1.43B | $2.00B | $2.08B | $1.80B | $1.44B | $1.22B | $1.10B |
| Cash & equivalents | $260.9M | $362.3M | $274.3M | $173.2M | $190.1M | $162.3M | $206.9M | $172.5M | $163.5M | $109.8M |
| Short-term investments | $627.2M | $617.1M | $1.40B | $1.89B | $1.81B | $1.91B | $1.59B | $1.27B | $1.05B | $991.9M |
| Receivables | $2.31B | $2.36B | $1.77B | $1.61B | $1.83B | $1.23B | $1.07B | $793.6M | $666.3M | $450.9M |
| Inventory | $0 | $0 | −$3.44B | −$791.4M | −$924.0M | −$1.65B | −$2.03B | −$625.5M | −$2.51B | −$2.06B |
| Other current assets | $212.4M | $0 | $3.73B | $1.79B | $920.6M | $1.65B | $2.03B | $625.5M | $630.7M | $509.9M |
| Total current assets | $3.41B | $64.5M | $3.73B | $4.04B | $3.83B | $3.30B | $2.87B | $2.23B | $2.8M | $3.0M |
| Property, plant & equipment (net) | $21.9M | $19.8M | $17.0M | $9.4M | $781,000 | $1.3M | $1.8M | $23.3M | $25.0M | $24.7M |
| Goodwill & intangible assets | $245.2M | $214.3M | $214.6M | $217.5M | $217.9M | $218.2M | $218.8M | $219.4M | $220.2M | $220.8M |
| Long-term investments | $1.48B | $1.37B | $1.52B | $2.01B | $2.14B | $2.21B | $1.67B | $1.34B | $1.14B | $1.07B |
| Other non-current assets | $0 | $3.34B | $0 | $0 | $0 | $0 | $264.4M | $0 | $1.37B | $1.02B |
| Total assets | $4.86B | $5.01B | $5.32B | $5.14B | $4.95B | $5.06B | $5.02B | $3.14B | $2.76B | $2.35B |
| Liabilities | ||||||||||
| Accounts payable | $68.5M | $132.9M | $158.7M | $123.1M | $135.6M | $110.4M | $108.1M | $61.7M | $56.3M | $39.9M |
| Short-term debt | — | $3.1M | $3.1M | $3.9M | $4.1M | $4.0M | $4.0M | — | $202.4M | $192.4M |
| Deferred revenue | $447.6M | — | — | $119.6M | $131.5M | $106.4M | $104.0M | $386.5M | $418.1M | $390.6M |
| Total current liabilities | $3.75B | $211.3M | $280.6M | $123.5M | $135.6M | $110.4M | $108.1M | $61.7M | $56.3M | $39.9M |
| Long-term debt | $329.9M | $304.9M | $326.4M | $326.4M | $201.4M | $1.23B | $262.4M | $222.4M | $202.4M | $192.4M |
| Other long-term liabilities | $104.5M | $3.90B | $4.03B | $3.83B | $4.02B | $0 | $0 | $0 | $5.2M | $2.9M |
| Total liabilities | $4.19B | $4.41B | $4.64B | $4.44B | $4.22B | $4.27B | $4.25B | $2.43B | $2.06B | $1.65B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9,000 | $9,000 | $7,000 | $7,000 | $7,000 | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 |
| Retained earnings (deficit) | −$364.7M | −$402.4M | −$277.9M | −$152.1M | −$166.7M | $49.2M | $89.6M | $79.8M | $48.2M | $55.2M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$34.7M | −$70.0M | −$63.7M | −$163.0M | $30.0M | $81.9M | $31.1M | −$15.8M | $10.3M | $1.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $671.3M | $594.0M | $679.5M | $698.7M | $725.4M | $795.6M | $778.6M | $709.2M | $694.7M | $693.2M |
| Key figures | ||||||||||
| Total debt | $329.9M | $304.9M | $326.4M | $326.4M | $366.4M | $1.23B | $266.4M | $222.4M | $202.4M | $192.4M |
| Net cash (debt) | $558.2M | $674.6M | $1.34B | $1.10B | $1.64B | $845.9M | $1.53B | $1.22B | $1.01B | $909.4M |
| Working capital | −$343.0M | −$146.7M | $3.45B | $3.92B | $3.69B | $3.19B | $2.76B | $2.17B | −$53.4M | −$36.9M |
| Tangible book value | $426.1M | $379.7M | $464.9M | $481.2M | $507.5M | $577.4M | $559.8M | $489.9M | $474.5M | $472.5M |
| Book value per share | $11.19 | $15.36 | $17.97 | $18.56 | $20.75 | $25.76 | $25.38 | $23.40 | $22.95 | $23.19 |
| Shares outstanding | 60.0M | 38.7M | 37.8M | 37.7M | 35.0M | 30.9M | 30.7M | 30.3M | 30.3M | 29.9M |
| Current ratio | 0.91 | 0.31 | 13.29 | 32.71 | 28.23 | 29.90 | 26.54 | 36.20 | 0.05 | 0.07 |
| Quick ratio | 0.85 | 15.83 | 12.25 | 24.61 | 28.26 | 29.90 | 26.54 | 36.20 | 33.46 | 38.91 |
| Debt / equity | 0.49 | 0.51 | 0.48 | 0.47 | 0.51 | 1.55 | 0.34 | 0.31 | 0.29 | 0.28 |
| Equity / assets | 13.8% | 11.9% | 12.8% | 13.6% | 14.7% | 15.7% | 15.5% | 22.6% | 25.2% | 29.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $835.2M | $867.6M | $888.1M | $926.2M | $916.8M | $901.9M | $979.5M | $950.2M | $1.22B | $958.6M | $1.67B | $1.10B |
| Cash & equivalents | $204.2M | $227.6M | $260.9M | $238.8M | $220.0M | $279.4M | $362.3M | $359.8M | $672.5M | $305.5M | $274.3M | $232.9M |
| Short-term investments | $639.6M | $640.0M | $627.2M | $687.4M | $696.7M | $622.5M | $617.1M | $590.4M | $549.0M | $653.2M | $1.40B | $871.9M |
| Receivables | $138.0M | $2.24B | $2.31B | $2.32B | $2.37B | $2.33B | $2.36B | $2.28B | $1.83B | $1.74B | $1.77B | $1.97B |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$3.05B | −$2.70B | −$3.44B | −$2.53B |
| Other current assets | $0 | $188.0M | $212.4M | $269.8M | $325.5M | $304.1M | $0 | $0 | $672.5M | $2.99B | $3.73B | $1.83B |
| Total current assets | $342.2M | $3.29B | $3.41B | $3.52B | $3.61B | $3.53B | $1.80B | $3.23B | $672.5M | $2.99B | $3.73B | $2.37B |
| Property, plant & equipment (net) | $0 | $0 | $21.9M | $0 | $0 | $0 | $19.8M | $0 | $0 | $17.0M | $17.0M | $0 |
| Goodwill & intangible assets | $213.7M | $243.9M | $245.2M | $244.1M | $244.6M | $242.0M | $214.3M | $214.4M | $214.5M | $214.6M | $214.6M | $214.7M |
| Long-term investments | $1.52B | $1.51B | $1.48B | $1.52B | $1.50B | $1.43B | $1.37B | $1.39B | $1.29B | $1.50B | $1.52B | $2.01B |
| Other non-current assets | $408.9M | $0 | $0 | $0 | $0 | $0 | $1.60B | $129.0M | $2.56B | $528.9M | $0 | $600.2M |
| Total assets | $2.48B | $4.76B | $4.86B | $4.95B | $5.02B | $4.95B | $5.01B | $4.96B | $4.74B | $5.25B | $5.32B | $5.19B |
| Liabilities | ||||||||||||
| Accounts payable | $47.6M | $58.8M | $68.5M | $93.0M | $133.4M | $94.4M | $132.9M | $108.5M | $157.0M | $126.5M | $158.7M | $153.3M |
| Short-term debt | — | — | — | — | — | — | $3.1M | — | — | $3.1M | $3.1M | — |
| Deferred revenue | — | $407.5M | $447.6M | $489.1M | $571.0M | $526.5M | — | — | — | — | — | — |
| Total current liabilities | — | $3.68B | $3.75B | $3.85B | $3.92B | $3.82B | $211.3M | $108.5M | $229.9M | $234.5M | $280.6M | $153.3M |
| Long-term debt | $329.9M | $329.9M | $329.9M | $329.9M | $329.9M | $329.9M | $304.9M | $304.9M | $304.9M | $326.4M | $326.4M | $326.4M |
| Other long-term liabilities | $1.50B | $100.6M | $104.5M | $132.6M | $147.2M | $178.8M | $3.90B | $3.98B | $3.75B | $4.24B | $4.03B | $4.16B |
| Total liabilities | $1.83B | $4.11B | $4.19B | $4.31B | $4.39B | $4.33B | $4.41B | $4.28B | $4.05B | $4.57B | $4.64B | $4.49B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $9,000 | $7,000 | $7,000 | $7,000 | $7,000 | $7,000 |
| Retained earnings (deficit) | −$372.2M | −$376.1M | −$364.7M | −$394.4M | −$393.0M | −$395.3M | −$402.4M | −$307.9M | −$264.0M | −$267.1M | −$277.9M | −$123.2M |
| Accumulated other comprehensive income | −$44.9M | −$43.9M | −$34.7M | −$39.0M | −$50.7M | −$55.7M | −$70.0M | −$42.8M | −$73.9M | −$71.5M | −$63.7M | −$188.8M |
| Total shareholders' equity | $655.7M | $651.5M | $671.3M | $636.8M | $625.7M | $617.6M | $594.0M | $675.2M | $686.7M | $684.4M | $679.5M | $707.4M |
| Key figures | ||||||||||||
| Total debt | $329.9M | $329.9M | $329.9M | $329.9M | $329.9M | $329.9M | $304.9M | $304.9M | $304.9M | $326.4M | $326.4M | $326.4M |
| Net cash (debt) | $505.4M | $537.7M | $558.2M | $596.3M | $586.9M | $572.1M | $674.6M | $645.3M | $916.7M | $632.3M | $1.34B | $778.5M |
| Working capital | — | −$386.3M | −$343.0M | −$334.7M | −$304.7M | −$288.4M | $1.58B | $3.12B | $442.6M | $2.76B | $3.45B | $2.22B |
| Tangible book value | $442.0M | $407.7M | $426.1M | $392.6M | $381.1M | $375.6M | $379.7M | $460.9M | $472.2M | $469.9M | $464.9M | $492.7M |
| Book value per share | $13.96 | $14.13 | $11.17 | $13.71 | $13.47 | $14.09 | $14.41 | $17.83 | $18.05 | $15.33 | $18.05 | $18.70 |
| Shares outstanding | 47.0M | 46.1M | 60.1M | 46.5M | 46.4M | 43.8M | 41.2M | 37.9M | 38.0M | 44.6M | 37.7M | 37.8M |
| Current ratio | — | 0.90 | 0.91 | 0.91 | 0.92 | 0.92 | 8.50 | 29.74 | 2.92 | 12.75 | 13.29 | 15.47 |
| Quick ratio | — | 0.84 | 0.85 | 0.84 | 0.84 | 0.85 | 15.83 | 29.74 | 13.26 | 11.52 | 12.25 | 20.06 |
| Debt / equity | 0.50 | 0.51 | 0.49 | 0.52 | 0.53 | 0.53 | 0.51 | 0.45 | 0.44 | 0.48 | 0.48 | 0.46 |
| Equity / assets | 26.4% | 13.7% | 13.8% | 12.9% | 12.5% | 12.5% | 11.9% | 13.6% | 14.5% | 13.0% | 12.8% | 13.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 3, 2026); data from EODHD.
JRVR financial position
At the end of fiscal 2025 (December 31, 2025), James River had total assets of $4.9 billion (down 2.9% from a year earlier), total liabilities of $4.2 billion and shareholders' equity of $671.3 million. It held $888.1 million in cash and short-term investments against $329.9 million of debt, a net cash position of $558.2 million. Its current ratio was 0.91. In the latest quarter (ended June 30, 2026) total assets were $2.5 billion and equity $655.7 million.
Related: JRVR income statement, JRVR cash flow statement, JRVR key metrics. See the JRVR stock overview for the latest quote and news.
JRVR balance sheet FAQ
What are James River's total assets?
James River reported total assets of $4.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.0 billion a year earlier.
How much debt does James River have?
James River had $329.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.49.
How much cash does James River have?
James River held $888.1 million in cash and short-term investments at the end of fiscal 2025; with $329.9 million of debt that is net cash of $558.2 million.
What is James River's book value?
James River's shareholders' equity (book value) was $671.3 million at the end of fiscal 2025, or $11.19 per share.
What is James River's current ratio?
James River had current assets of $3.4 billion and current liabilities of $3.8 billion, a current ratio of 0.91 (current liabilities exceed current assets).
How much goodwill does James River have?
James River carried $245.2 million of goodwill and intangible assets, 5.0% of total assets, at the end of fiscal 2025.