COMP <GO>

JRVR vs OSG // FREE CASH FLOW YIELD

James River Group Holdings Inc. (NASDAQ) VS. Octave Specialty Group Inc. (NYSE) • 15-METRIC TALLY: JRVR 3 — OSG 3

■ METRIC PARITY

LAST: $3.92 (+1.82%) • MKT CAP: $181.3M

fcf-yield

-13.01%

LAST: $4.95 (+3.77%) • MKT CAP: $223.0M

fcf-yield

—

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (JRVR VS. OSG) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	JRVR	OSG	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	8.80%	-35.00%	+43.80	JRVR	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield ACTIVE	-13.01%	—	—	TIE	/fcf-yield <GO>
Operating Margin	—	—	—	TIE	/operating-margins <GO>
Net Profit Margin	6.90%	-60.00%	+66.90	JRVR	/net-margins <GO>
Revenue Growth (YoY)	-2.80%	55.80%	-58.60	OSG	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	1.10%	0.00%	+1.10	JRVR	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	2/9	2/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	54.3	65.8	-11.54	OSG	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	3.5x	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$181.3M	$223.0M	-$41.7M	OSG	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	JRVR REV	OSG REV	JRVR GROSS %	OSG GROSS %	JRVR FCF	OSG FCF
FY 2025	$687.6M	$143.4M	—	—	-$23.6M	—
FY 2024	$707.6M	$92.0M	—	—	-$252.0M	—
FY 2023	$812.0M	$51.3M	—	—	$88.0M	—

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

JRVR // BETA —

OSG // BETA —