| | | | | | | | |
| Subsidiary | | Jurisdiction of Incorporation or Formation |
| Falls Lake Fire and Casualty Company | | California |
| Falls Lake Insurance Management Company, Inc. | | Delaware |
| Falls Lake National Insurance Company | | Ohio |
| Franklin Holdings II (Bermuda) Capital Trust I | | Delaware |
| James River Capital Trust I | | Delaware |
| James River Capital Trust II | | Delaware |
| James River Capital Trust III | | Delaware |
| James River Capital Trust IV | | Delaware |
| James River Casualty Company | | Ohio |
| James River Group Holdings UK Limited | | United Kingdom |
| James River Group, Inc. | | Delaware |
| James River Insurance Company | | Ohio |
| James River Management Company, Inc. | | Delaware |
| James River Richmond Real Estate, LLC | | Virginia |
| James River TPA Services, Inc. | | Virginia |
| Stonewood Insurance Company | | Ohio |