What is James River Group Holdings Claims Ratio %?
Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.
James River Group Holdings's Claims Ratio % for the quarter that ended in Dec. 2023 was 73.90%
, which is higher than
68.60% for the pervious quarter ended in Sep. 2023.
James River Group Holdings's Claims Ratio % for the annual that ended in Dec. 2023 was 69.90%
, which is higher than
68.50% for the pervious year ended in Dec. 2022.
The historical rank and industry rank for James River Group Holdings's Claims Ratio % or its related term are showing as below:
JRVR's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median: * Ranked among companies with meaningful Claims Ratio % only.
James River Group Holdings Claims Ratio % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of James River Group Holdings's Claims Ratio %
For the Insurance - Specialty subindustry, James River Group Holdings's Claims Ratio %, along with its competitors' market caps and Claims Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
James River Group Holdings (NAS:JRVR) Claims Ratio % Calculation
Claims Ratio % is calculated as
Claims Ratio %
=
Total Claims
/
Total Premiums Earned
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
James River Group Holdings (NAS:JRVR) Claims Ratio % Explanation
Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.
It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.
James River Group Holdings Claims Ratio % Related Terms
Thank you for viewing the detailed overview of James River Group Holdings's Claims Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
James River Group Holdings (James River Group Holdings) Business Description
James River Group Holdings Ltd owns and operates a group of specialty insurance and reinsurance companies. It reports business into four segments. The Excess and Surplus Lines segment, which is the key revenue driver, offers commercial excess and surplus lines liability and excess property insurance products; the Specialty Admitted Insurance segment offers workers' compensation insurance coverage as well as specialty admitted fronting and program business; the Casualty Reinsurance segment offers commercial liability and non-catastrophe property reinsurance to US insurance companies and to the company's US-based insurance subsidiaries; and Corporate and Other segments.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
JRVR has been successfully added to your 