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[Form 4] Wayfair Inc. Insider Trading Activity

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Rhea-AI Filing Summary

Arch Capital Group Ltd. (ACGL) reported strong top-line expansion but lower profitability in its Q2 2025 Form 10-Q.

  • Revenue: Total revenues climbed 23% YoY to $5.21 bn on higher net premiums earned (+22% to $4.34 bn) and a 12% rise in investment income to $405 m. Six-month revenues increased 21% to $9.89 bn.
  • Earnings: Net income available to common shareholders slipped 3% YoY to $1.23 bn; diluted EPS fell to $3.23 from $3.30. For the first half, net income dropped 24% to $1.79 bn (diluted EPS $4.70).
  • Expenses: Losses and LAE rose 26% to $2.30 bn; total expenses advanced 31% to $3.80 bn. Net FX losses of $88 m vs. a $1 m gain last year pressured results.
  • Balance Sheet: Total assets reached $78.8 bn, up 11% since year-end. Shareholders鈥� equity expanded 11% to $23.0 bn, aided by a $672 m swing in AOCI (to 鈥�$48 m). Book value per share rose despite $392 m in share buybacks.
  • Cash Flow: Operating cash flow for the six months was $2.58 bn, down 16% YoY; investing outflows rose on heavier fixed-income purchases.
  • MCE Acquisition: Integration of the $450 m U.S. MidCorp & Entertainment business (closed Aug-2024) is complete; final purchase accounting booked $276 m of goodwill and $565 m of amortizable intangibles.

Key takeaways: Premium growth across Insurance, Reinsurance and Mortgage segments remains robust and unrealized investment gains lifted equity, but higher loss costs, operating expenses, FX headwinds and acquisition amortization compressed margins and earnings.

Arch Capital Group Ltd. (ACGL) ha riportato una forte crescita dei ricavi ma una redditivit脿 inferiore nel suo Form 10-Q del secondo trimestre 2025.

  • Ricavi: I ricavi totali sono aumentati del 23% su base annua, raggiungendo 5,21 miliardi di dollari, grazie a un incremento dei premi netti guadagnati (+22% a 4,34 miliardi di dollari) e a un aumento del 12% del reddito da investimenti, che ha raggiunto 405 milioni di dollari. I ricavi nei primi sei mesi sono cresciuti del 21%, arrivando a 9,89 miliardi di dollari.
  • Utile: L鈥檜tile netto disponibile per gli azionisti ordinari 猫 diminuito del 3% su base annua, attestandosi a 1,23 miliardi di dollari; l鈥檜tile per azione diluito 猫 sceso a 3,23 dollari da 3,30 dollari. Nel primo semestre, l鈥檜tile netto 猫 calato del 24%, a 1,79 miliardi di dollari (utile per azione diluito di 4,70 dollari).
  • Spese: Perdite e LAE sono aumentate del 26% a 2,30 miliardi di dollari; le spese totali sono salite del 31% a 3,80 miliardi di dollari. Le perdite nette da cambio pari a 88 milioni di dollari, rispetto a un guadagno di 1 milione dell鈥檃nno precedente, hanno pesato sui risultati.
  • Bilancio: Gli attivi totali hanno raggiunto 78,8 miliardi di dollari, in aumento dell鈥�11% rispetto alla fine dell鈥檃nno precedente. Il patrimonio netto degli azionisti 猫 cresciuto dell鈥�11%, raggiungendo 23,0 miliardi di dollari, sostenuto da una variazione di 672 milioni di dollari in AOCI (a 鈥�48 milioni di dollari). Il valore contabile per azione 猫 aumentato nonostante il riacquisto di azioni per 392 milioni di dollari.
  • Flusso di cassa: Il flusso di cassa operativo nei sei mesi 猫 stato di 2,58 miliardi di dollari, in calo del 16% su base annua; le uscite per investimenti sono aumentate a causa di acquisti maggiori di titoli a reddito fisso.
  • Acquisizione MCE: L鈥檌ntegrazione dell鈥檃ttivit脿 statunitense MidCorp & Entertainment da 450 milioni di dollari (chiusa ad agosto 2024) 猫 stata completata; la contabilizzazione finale dell鈥檃cquisto ha registrato 276 milioni di dollari di avviamento e 565 milioni di dollari di attivit脿 immateriali ammortizzabili.

Conclusioni chiave: La crescita dei premi nei segmenti Assicurazioni, Riassicurazioni e Mutui resta solida e i guadagni non realizzati sugli investimenti hanno incrementato il patrimonio netto, ma costi pi霉 elevati per perdite, spese operative, pressioni valutarie e ammortamenti derivanti dall鈥檃cquisizione hanno compresso margini e utili.

Arch Capital Group Ltd. (ACGL) report贸 una fuerte expansi贸n de ingresos pero una menor rentabilidad en su Formulario 10-Q del segundo trimestre de 2025.

  • Ingresos: Los ingresos totales aumentaron un 23% interanual hasta 5,21 mil millones de d贸lares, impulsados por un incremento del 22% en primas netas devengadas hasta 4,34 mil millones y un aumento del 12% en ingresos por inversiones, alcanzando 405 millones. Los ingresos en seis meses crecieron un 21% hasta 9,89 mil millones.
  • Ganancias: La utilidad neta disponible para accionistas comunes disminuy贸 un 3% interanual a 1,23 mil millones; las ganancias diluidas por acci贸n cayeron a 3,23 desde 3,30. En el primer semestre, la utilidad neta baj贸 un 24% a 1,79 mil millones (EPS diluido de 4,70).
  • Gastos: Las p茅rdidas y LAE aumentaron un 26% a 2,30 mil millones; los gastos totales crecieron un 31% a 3,80 mil millones. Las p茅rdidas netas por tipo de cambio de 88 millones frente a una ganancia de 1 mill贸n el a帽o pasado afectaron los resultados.
  • Balance: Los activos totales alcanzaron 78,8 mil millones, un 11% m谩s desde fin de a帽o. El patrimonio de los accionistas creci贸 un 11% a 23,0 mil millones, impulsado por un movimiento de 672 millones en AOCI (a 鈥�48 millones). El valor en libros por acci贸n aument贸 a pesar de recompras de acciones por 392 millones.
  • Flujo de caja: El flujo de efectivo operativo en seis meses fue de 2,58 mil millones, un 16% menos interanual; las salidas de inversi贸n aumentaron por mayores compras de renta fija.
  • Adquisici贸n MCE: La integraci贸n del negocio estadounidense MidCorp & Entertainment por 450 millones (cerrado en agosto 2024) est谩 completa; la contabilidad final del compra registr贸 276 millones en plusval铆a y 565 millones en intangibles amortizables.

Puntos clave: El crecimiento de primas en los segmentos de Seguros, Reaseguros y Hipotecas sigue siendo s贸lido y las ganancias no realizadas en inversiones aumentaron el patrimonio, pero mayores costos por p茅rdidas, gastos operativos, vientos en contra cambiarios y amortizaci贸n de adquisiciones comprimieron m谩rgenes y ganancias.

Arch Capital Group Ltd. (ACGL)電� 2025雲� 2攵勱赴 Form 10-Q鞐愳劀 毵れ稖鞚� 韥矊 靹膘灔頄堨溂雮� 靾橃澋靹膘潃 雮晞臁岆嫟瓿� 氤搓碃頄堨姷雼堧嫟.

  • 毵れ稖: 齑� 毵れ稖鞚� 鞝勲厔 雽�牍� 23% 歃濌皜頃� 52鞏� 1觳滊 雼煬搿�, 靾滊炒項橂 靾橃澋鞚� 22% 歃濌皜頃� 43鞏� 4觳滊 雼煬鞕� 韴瀽 靾橃澋鞚� 12% 靸侅姽頃� 4鞏� 500毵� 雼煬鞐� 頌橃瀰鞐堨姷雼堧嫟. 6臧滌洈 毵れ稖鞚� 21% 歃濌皜頃� 98鞏� 9觳滊 雼煬毳� 旮半頄堨姷雼堧嫟.
  • 靾涤澊鞚�: 氤错喌欤检＜鞐愱矊 攴�靻嶋悩電� 靾滌澊鞚奠潃 鞝勲厔 雽�牍� 3% 臧愳唽頃� 12鞏� 3觳滊 雼煬鞓�鞙茧┌, 頋劃 欤茧嫻靾滌澊鞚奠潃 3.30雼煬鞐愳劀 3.23雼煬搿� 頃橂澖頄堨姷雼堧嫟. 靸侂皹旮� 靾滌澊鞚奠潃 24% 臧愳唽頃� 17鞏� 9觳滊 雼煬(頋劃 欤茧嫻靾滌澊鞚� 4.70雼煬)鞓�鞀惦媹雼�.
  • 牍勋毄: 靻愳嫟 氚� LAE電� 26% 歃濌皜頃� 23鞏� 雼煬, 齑� 牍勳毄鞚� 31% 歃濌皜頃� 38鞏� 雼煬鞓�鞀惦媹雼�. 靾滌櫢頇橃啇鞁� 8,800毵� 雼煬電� 鞛戨厔 100毵� 雼煬 鞚挫澋 雽�牍� 鞁れ爜鞐� 攵�雼挫潉 欤检棃鞀惦媹雼�.
  • 鞛靸来儨响�: 齑濎瀽靷办潃 鞐半 雽�牍� 11% 歃濌皜頃� 788鞏� 雼煬鞐� 雼枅鞙茧┌, 欤检＜歆�攵勳潃 11% 歃濌皜頃� 230鞏� 雼煬搿� AOCI鞐愳劀 6鞏� 7,200毵� 雼煬 氤�霃�(鈥�4800毵� 雼煬) 雿曤秳鞐� 頇曤寑霅橃棃鞀惦媹雼�. 欤茧嫻 鞛ル秬臧�旃橂姅 3鞏� 9,200毵� 雼煬鞚� 鞛愳偓欤� 毵れ瀰鞐愲弰 攵堦惮頃橁碃 靸侅姽頄堨姷雼堧嫟.
  • 顺勱笀頋愲: 6臧滌洈臧� 鞓侅梾順勱笀頋愲鞚� 鞝勲厔 雽�牍� 16% 臧愳唽頃� 25鞏� 8觳滊 雼煬鞓�鞙茧┌, 瓿犾爼靾橃瀰 鞛愳偘 毵れ瀰 歃濌皜搿� 韴瀽歆�於滌澊 電橃棃鞀惦媹雼�.
  • MCE 鞚胳垬: 4鞏� 5觳滊 雼煬 攴滊鞚� 氙戈淡 MidCorp & Entertainment 靷梾(2024雲� 8鞗� 膦呺) 韱淀暕鞚� 鞕勲霅橃棃鞙茧┌, 斓滌 鞚胳垬須岅硠 觳橂Μ 瓴瓣臣 2鞏� 7,600毵� 雼煬鞚� 鞓侅梾甓岅臣 5鞏� 6,500毵� 雼煬鞚� 靸侁皝 臧�電� 氍错槙鞛愳偘鞚� 旮半霅橃棃鞀惦媹雼�.

欤检殧 鞁滌偓鞝�: 氤错棙, 鞛炒項�, 氇赴歆� 攵�氍胳棎靹滌潣 氤错棙耄� 靹膘灔鞚� 瓴碃頃橂┌, 氙胳嫟順� 韴瀽 鞚挫澋鞚� 鞛愲掣鞚� 歃濌皜鞁滌及歆�毵�, 靻愳嫟 牍勳毄 靸侅姽, 鞖挫榿牍� 歃濌皜, 頇橃湪 鞐拲, 鞚胳垬 靸侁皝鞚� 毵堨瓿� 靾橃澋鞚� 鞎曤皶頄堨姷雼堧嫟.

Arch Capital Group Ltd. (ACGL) a annonc茅 une forte croissance de son chiffre d'affaires mais une rentabilit茅 moindre dans son formulaire 10-Q du deuxi猫me trimestre 2025.

  • Revenus : Les revenus totaux ont augment茅 de 23 % en glissement annuel pour atteindre 5,21 milliards de dollars, gr芒ce 脿 une hausse des primes nettes acquises (+22 % 脿 4,34 milliards de dollars) et une progression de 12 % des revenus d'investissement 脿 405 millions de dollars. Les revenus sur six mois ont augment茅 de 21 % pour atteindre 9,89 milliards de dollars.
  • B茅n茅fices : Le b茅n茅fice net attribuable aux actionnaires ordinaires a diminu茅 de 3 % en glissement annuel pour s'茅tablir 脿 1,23 milliard de dollars ; le BPA dilu茅 est pass茅 de 3,30 脿 3,23 dollars. Sur le premier semestre, le b茅n茅fice net a chut茅 de 24 % 脿 1,79 milliard de dollars (BPA dilu茅 de 4,70 dollars).
  • D茅penses : Les pertes et LAE ont augment茅 de 26 % pour atteindre 2,30 milliards de dollars ; les d茅penses totales ont progress茅 de 31 % pour s'茅tablir 脿 3,80 milliards de dollars. Les pertes nettes de change de 88 millions de dollars, contre un gain d'1 million l'an dernier, ont pes茅 sur les r茅sultats.
  • Bilan : Le total des actifs a atteint 78,8 milliards de dollars, en hausse de 11 % depuis la fin de l'ann茅e. Les capitaux propres des actionnaires ont augment茅 de 11 % pour atteindre 23,0 milliards de dollars, soutenus par une variation de 672 millions de dollars de l'AOCI (脿 鈥�48 millions). La valeur comptable par action a augment茅 malgr茅 des rachats d'actions pour 392 millions.
  • Flux de tr茅sorerie : Le flux de tr茅sorerie op茅rationnel sur six mois s'est 茅lev茅 脿 2,58 milliards de dollars, en baisse de 16 % en glissement annuel ; les sorties d'investissement ont augment茅 en raison d'achats plus importants d'obligations.
  • Acquisition MCE : L'int茅gration de l'activit茅 am茅ricaine MidCorp & Entertainment de 450 millions de dollars (cl么tur茅e en ao没t 2024) est termin茅e ; la comptabilisation finale de l'achat a enregistr茅 276 millions de dollars de goodwill et 565 millions de dollars d'immobilisations incorporelles amortissables.

Points cl茅s : La croissance des primes dans les segments Assurance, R茅assurance et Hypoth猫ques reste solide et les gains non r茅alis茅s sur investissements ont renforc茅 les capitaux propres, mais des co没ts de sinistres plus 茅lev茅s, des d茅penses op茅rationnelles accrues, des vents contraires li茅s aux changes et l'amortissement de l'acquisition ont comprim茅 les marges et les b茅n茅fices.

Arch Capital Group Ltd. (ACGL) meldete im Form 10-Q f眉r das zweite Quartal 2025 ein starkes Umsatzwachstum, jedoch geringere Profitabilit盲t.

  • Umsatz: Die Gesamterl枚se stiegen im Jahresvergleich um 23 % auf 5,21 Mrd. USD, getrieben durch h枚here verdiente Nettopr盲mien (+22 % auf 4,34 Mrd. USD) und einen 12%igen Anstieg der Anlageertr盲ge auf 405 Mio. USD. Die Ums盲tze f眉r sechs Monate wuchsen um 21 % auf 9,89 Mrd. USD.
  • Ergebnis: Der den Stammaktion盲ren zurechenbare Nettogewinn sank um 3 % auf 1,23 Mrd. USD; das verw盲sserte Ergebnis je Aktie fiel von 3,30 auf 3,23 USD. Im ersten Halbjahr sank der Nettogewinn um 24 % auf 1,79 Mrd. USD (verw盲ssertes EPS 4,70 USD).
  • Aufwendungen: Verluste und LAE stiegen um 26 % auf 2,30 Mrd. USD; die Gesamtaufwendungen erh枚hten sich um 31 % auf 3,80 Mrd. USD. Netto-W盲hrungsverluste von 88 Mio. USD gegen眉ber einem Gewinn von 1 Mio. USD im Vorjahr belasteten das Ergebnis.
  • Bilanz: Die Gesamtaktiva erreichten 78,8 Mrd. USD, ein Anstieg von 11 % seit Jahresende. Das Eigenkapital der Aktion盲re wuchs um 11 % auf 23,0 Mrd. USD, unterst眉tzt durch eine Ver盲nderung des AOCI um 672 Mio. USD (auf 鈥�48 Mio. USD). Der Buchwert je Aktie stieg trotz Aktienr眉ckk盲ufen im Wert von 392 Mio. USD.
  • Cashflow: Der operative Cashflow f眉r sechs Monate betrug 2,58 Mrd. USD, ein R眉ckgang von 16 % im Jahresvergleich; die Investitionsabfl眉sse stiegen aufgrund h枚herer K盲ufe von festverzinslichen Wertpapieren.
  • MCE-Akquisition: Die Integration des 450 Mio. USD schweren US-Gesch盲fts MidCorp & Entertainment (Abschluss August 2024) ist abgeschlossen; die endg眉ltige Kaufpreisallokation erfasste 276 Mio. USD Goodwill und 565 Mio. USD aktivierbare immaterielle Verm枚genswerte.

Wichtige Erkenntnisse: Das Pr盲mienwachstum in den Segmenten Versicherung, R眉ckversicherung und Hypotheken bleibt robust, und nicht realisierte Anlagegewinne st盲rkten das Eigenkapital, jedoch dr眉ckten h枚here Verlustkosten, Betriebsausgaben, W盲hrungsnachteile und Akquisitionsabschreibungen die Margen und Gewinne.

Positive
  • Revenue growth of 23% YoY and 21% YTD demonstrates strong market penetration across core lines.
  • Shareholders鈥� equity increased 11% to $23.0 bn, supported by a $672 m AOCI improvement.
  • MCE acquisition integration completed, adding new U.S. middle-market/entertainment niches and $565 m tax-deductible intangibles.
  • Active capital management: $392 m of share repurchases completed while maintaining robust capital ratios.
Negative
  • Net income declined 3% QoQ and 24% YTD; diluted EPS fell to $3.23 (鈥�2%) and $4.70 (鈥�24%).
  • Losses & LAE and total expenses grew faster than premiums, compressing underwriting margins.
  • Net FX loss of $88 m vs. prior-year gain indicates heightened currency exposure.
  • Operating cash flow down 16% YoY, reflecting higher receivables and reserve build.

Insights

TL;DR Solid premium momentum but earnings down; equity base stronger; valuation hinges on future underwriting discipline.

Revenue growth above 20% confirms ACGL鈥檚 ability to capture share in both P&C and mortgage lines. However, the 3% quarterly and 24% YTD earnings contraction signals margin pressure driven by higher LAE, acquisition costs and an $88 m FX hit. Book value per share growth (AOCI swing + share buybacks) is encouraging and supports capital return capacity. The MCE acquisition appears accretive long term but drags near-term via $97 m YTD intangible amortization. Overall tone is mixed: top-line and capital strength positive; profitability trend a watch item.

TL;DR Rising reserves and FX volatility elevate risk; capital cushion offsets.

Loss reserves climbed $2.7 bn to $32.1 bn (+9%) while unearned premiums grew 14%, indicating rapid book expansion that must be matched by disciplined pricing. Net FX losses underscore currency exposure that management will need to hedge more actively. Liquidity is adequate: $1.8 bn cash & equivalents and $44.3 bn investments. Senior debt stable at $2.73 bn; leverage acceptable. No new legal or regulatory red flags noted. Impact considered neutral but trending cautious pending combined-ratio disclosure.

Arch Capital Group Ltd. (ACGL) ha riportato una forte crescita dei ricavi ma una redditivit脿 inferiore nel suo Form 10-Q del secondo trimestre 2025.

  • Ricavi: I ricavi totali sono aumentati del 23% su base annua, raggiungendo 5,21 miliardi di dollari, grazie a un incremento dei premi netti guadagnati (+22% a 4,34 miliardi di dollari) e a un aumento del 12% del reddito da investimenti, che ha raggiunto 405 milioni di dollari. I ricavi nei primi sei mesi sono cresciuti del 21%, arrivando a 9,89 miliardi di dollari.
  • Utile: L鈥檜tile netto disponibile per gli azionisti ordinari 猫 diminuito del 3% su base annua, attestandosi a 1,23 miliardi di dollari; l鈥檜tile per azione diluito 猫 sceso a 3,23 dollari da 3,30 dollari. Nel primo semestre, l鈥檜tile netto 猫 calato del 24%, a 1,79 miliardi di dollari (utile per azione diluito di 4,70 dollari).
  • Spese: Perdite e LAE sono aumentate del 26% a 2,30 miliardi di dollari; le spese totali sono salite del 31% a 3,80 miliardi di dollari. Le perdite nette da cambio pari a 88 milioni di dollari, rispetto a un guadagno di 1 milione dell鈥檃nno precedente, hanno pesato sui risultati.
  • Bilancio: Gli attivi totali hanno raggiunto 78,8 miliardi di dollari, in aumento dell鈥�11% rispetto alla fine dell鈥檃nno precedente. Il patrimonio netto degli azionisti 猫 cresciuto dell鈥�11%, raggiungendo 23,0 miliardi di dollari, sostenuto da una variazione di 672 milioni di dollari in AOCI (a 鈥�48 milioni di dollari). Il valore contabile per azione 猫 aumentato nonostante il riacquisto di azioni per 392 milioni di dollari.
  • Flusso di cassa: Il flusso di cassa operativo nei sei mesi 猫 stato di 2,58 miliardi di dollari, in calo del 16% su base annua; le uscite per investimenti sono aumentate a causa di acquisti maggiori di titoli a reddito fisso.
  • Acquisizione MCE: L鈥檌ntegrazione dell鈥檃ttivit脿 statunitense MidCorp & Entertainment da 450 milioni di dollari (chiusa ad agosto 2024) 猫 stata completata; la contabilizzazione finale dell鈥檃cquisto ha registrato 276 milioni di dollari di avviamento e 565 milioni di dollari di attivit脿 immateriali ammortizzabili.

Conclusioni chiave: La crescita dei premi nei segmenti Assicurazioni, Riassicurazioni e Mutui resta solida e i guadagni non realizzati sugli investimenti hanno incrementato il patrimonio netto, ma costi pi霉 elevati per perdite, spese operative, pressioni valutarie e ammortamenti derivanti dall鈥檃cquisizione hanno compresso margini e utili.

Arch Capital Group Ltd. (ACGL) report贸 una fuerte expansi贸n de ingresos pero una menor rentabilidad en su Formulario 10-Q del segundo trimestre de 2025.

  • Ingresos: Los ingresos totales aumentaron un 23% interanual hasta 5,21 mil millones de d贸lares, impulsados por un incremento del 22% en primas netas devengadas hasta 4,34 mil millones y un aumento del 12% en ingresos por inversiones, alcanzando 405 millones. Los ingresos en seis meses crecieron un 21% hasta 9,89 mil millones.
  • Ganancias: La utilidad neta disponible para accionistas comunes disminuy贸 un 3% interanual a 1,23 mil millones; las ganancias diluidas por acci贸n cayeron a 3,23 desde 3,30. En el primer semestre, la utilidad neta baj贸 un 24% a 1,79 mil millones (EPS diluido de 4,70).
  • Gastos: Las p茅rdidas y LAE aumentaron un 26% a 2,30 mil millones; los gastos totales crecieron un 31% a 3,80 mil millones. Las p茅rdidas netas por tipo de cambio de 88 millones frente a una ganancia de 1 mill贸n el a帽o pasado afectaron los resultados.
  • Balance: Los activos totales alcanzaron 78,8 mil millones, un 11% m谩s desde fin de a帽o. El patrimonio de los accionistas creci贸 un 11% a 23,0 mil millones, impulsado por un movimiento de 672 millones en AOCI (a 鈥�48 millones). El valor en libros por acci贸n aument贸 a pesar de recompras de acciones por 392 millones.
  • Flujo de caja: El flujo de efectivo operativo en seis meses fue de 2,58 mil millones, un 16% menos interanual; las salidas de inversi贸n aumentaron por mayores compras de renta fija.
  • Adquisici贸n MCE: La integraci贸n del negocio estadounidense MidCorp & Entertainment por 450 millones (cerrado en agosto 2024) est谩 completa; la contabilidad final del compra registr贸 276 millones en plusval铆a y 565 millones en intangibles amortizables.

Puntos clave: El crecimiento de primas en los segmentos de Seguros, Reaseguros y Hipotecas sigue siendo s贸lido y las ganancias no realizadas en inversiones aumentaron el patrimonio, pero mayores costos por p茅rdidas, gastos operativos, vientos en contra cambiarios y amortizaci贸n de adquisiciones comprimieron m谩rgenes y ganancias.

Arch Capital Group Ltd. (ACGL)電� 2025雲� 2攵勱赴 Form 10-Q鞐愳劀 毵れ稖鞚� 韥矊 靹膘灔頄堨溂雮� 靾橃澋靹膘潃 雮晞臁岆嫟瓿� 氤搓碃頄堨姷雼堧嫟.

  • 毵れ稖: 齑� 毵れ稖鞚� 鞝勲厔 雽�牍� 23% 歃濌皜頃� 52鞏� 1觳滊 雼煬搿�, 靾滊炒項橂 靾橃澋鞚� 22% 歃濌皜頃� 43鞏� 4觳滊 雼煬鞕� 韴瀽 靾橃澋鞚� 12% 靸侅姽頃� 4鞏� 500毵� 雼煬鞐� 頌橃瀰鞐堨姷雼堧嫟. 6臧滌洈 毵れ稖鞚� 21% 歃濌皜頃� 98鞏� 9觳滊 雼煬毳� 旮半頄堨姷雼堧嫟.
  • 靾涤澊鞚�: 氤错喌欤检＜鞐愱矊 攴�靻嶋悩電� 靾滌澊鞚奠潃 鞝勲厔 雽�牍� 3% 臧愳唽頃� 12鞏� 3觳滊 雼煬鞓�鞙茧┌, 頋劃 欤茧嫻靾滌澊鞚奠潃 3.30雼煬鞐愳劀 3.23雼煬搿� 頃橂澖頄堨姷雼堧嫟. 靸侂皹旮� 靾滌澊鞚奠潃 24% 臧愳唽頃� 17鞏� 9觳滊 雼煬(頋劃 欤茧嫻靾滌澊鞚� 4.70雼煬)鞓�鞀惦媹雼�.
  • 牍勋毄: 靻愳嫟 氚� LAE電� 26% 歃濌皜頃� 23鞏� 雼煬, 齑� 牍勳毄鞚� 31% 歃濌皜頃� 38鞏� 雼煬鞓�鞀惦媹雼�. 靾滌櫢頇橃啇鞁� 8,800毵� 雼煬電� 鞛戨厔 100毵� 雼煬 鞚挫澋 雽�牍� 鞁れ爜鞐� 攵�雼挫潉 欤检棃鞀惦媹雼�.
  • 鞛靸来儨响�: 齑濎瀽靷办潃 鞐半 雽�牍� 11% 歃濌皜頃� 788鞏� 雼煬鞐� 雼枅鞙茧┌, 欤检＜歆�攵勳潃 11% 歃濌皜頃� 230鞏� 雼煬搿� AOCI鞐愳劀 6鞏� 7,200毵� 雼煬 氤�霃�(鈥�4800毵� 雼煬) 雿曤秳鞐� 頇曤寑霅橃棃鞀惦媹雼�. 欤茧嫻 鞛ル秬臧�旃橂姅 3鞏� 9,200毵� 雼煬鞚� 鞛愳偓欤� 毵れ瀰鞐愲弰 攵堦惮頃橁碃 靸侅姽頄堨姷雼堧嫟.
  • 顺勱笀頋愲: 6臧滌洈臧� 鞓侅梾順勱笀頋愲鞚� 鞝勲厔 雽�牍� 16% 臧愳唽頃� 25鞏� 8觳滊 雼煬鞓�鞙茧┌, 瓿犾爼靾橃瀰 鞛愳偘 毵れ瀰 歃濌皜搿� 韴瀽歆�於滌澊 電橃棃鞀惦媹雼�.
  • MCE 鞚胳垬: 4鞏� 5觳滊 雼煬 攴滊鞚� 氙戈淡 MidCorp & Entertainment 靷梾(2024雲� 8鞗� 膦呺) 韱淀暕鞚� 鞕勲霅橃棃鞙茧┌, 斓滌 鞚胳垬須岅硠 觳橂Μ 瓴瓣臣 2鞏� 7,600毵� 雼煬鞚� 鞓侅梾甓岅臣 5鞏� 6,500毵� 雼煬鞚� 靸侁皝 臧�電� 氍错槙鞛愳偘鞚� 旮半霅橃棃鞀惦媹雼�.

欤检殧 鞁滌偓鞝�: 氤错棙, 鞛炒項�, 氇赴歆� 攵�氍胳棎靹滌潣 氤错棙耄� 靹膘灔鞚� 瓴碃頃橂┌, 氙胳嫟順� 韴瀽 鞚挫澋鞚� 鞛愲掣鞚� 歃濌皜鞁滌及歆�毵�, 靻愳嫟 牍勳毄 靸侅姽, 鞖挫榿牍� 歃濌皜, 頇橃湪 鞐拲, 鞚胳垬 靸侁皝鞚� 毵堨瓿� 靾橃澋鞚� 鞎曤皶頄堨姷雼堧嫟.

Arch Capital Group Ltd. (ACGL) a annonc茅 une forte croissance de son chiffre d'affaires mais une rentabilit茅 moindre dans son formulaire 10-Q du deuxi猫me trimestre 2025.

  • Revenus : Les revenus totaux ont augment茅 de 23 % en glissement annuel pour atteindre 5,21 milliards de dollars, gr芒ce 脿 une hausse des primes nettes acquises (+22 % 脿 4,34 milliards de dollars) et une progression de 12 % des revenus d'investissement 脿 405 millions de dollars. Les revenus sur six mois ont augment茅 de 21 % pour atteindre 9,89 milliards de dollars.
  • B茅n茅fices : Le b茅n茅fice net attribuable aux actionnaires ordinaires a diminu茅 de 3 % en glissement annuel pour s'茅tablir 脿 1,23 milliard de dollars ; le BPA dilu茅 est pass茅 de 3,30 脿 3,23 dollars. Sur le premier semestre, le b茅n茅fice net a chut茅 de 24 % 脿 1,79 milliard de dollars (BPA dilu茅 de 4,70 dollars).
  • D茅penses : Les pertes et LAE ont augment茅 de 26 % pour atteindre 2,30 milliards de dollars ; les d茅penses totales ont progress茅 de 31 % pour s'茅tablir 脿 3,80 milliards de dollars. Les pertes nettes de change de 88 millions de dollars, contre un gain d'1 million l'an dernier, ont pes茅 sur les r茅sultats.
  • Bilan : Le total des actifs a atteint 78,8 milliards de dollars, en hausse de 11 % depuis la fin de l'ann茅e. Les capitaux propres des actionnaires ont augment茅 de 11 % pour atteindre 23,0 milliards de dollars, soutenus par une variation de 672 millions de dollars de l'AOCI (脿 鈥�48 millions). La valeur comptable par action a augment茅 malgr茅 des rachats d'actions pour 392 millions.
  • Flux de tr茅sorerie : Le flux de tr茅sorerie op茅rationnel sur six mois s'est 茅lev茅 脿 2,58 milliards de dollars, en baisse de 16 % en glissement annuel ; les sorties d'investissement ont augment茅 en raison d'achats plus importants d'obligations.
  • Acquisition MCE : L'int茅gration de l'activit茅 am茅ricaine MidCorp & Entertainment de 450 millions de dollars (cl么tur茅e en ao没t 2024) est termin茅e ; la comptabilisation finale de l'achat a enregistr茅 276 millions de dollars de goodwill et 565 millions de dollars d'immobilisations incorporelles amortissables.

Points cl茅s : La croissance des primes dans les segments Assurance, R茅assurance et Hypoth猫ques reste solide et les gains non r茅alis茅s sur investissements ont renforc茅 les capitaux propres, mais des co没ts de sinistres plus 茅lev茅s, des d茅penses op茅rationnelles accrues, des vents contraires li茅s aux changes et l'amortissement de l'acquisition ont comprim茅 les marges et les b茅n茅fices.

Arch Capital Group Ltd. (ACGL) meldete im Form 10-Q f眉r das zweite Quartal 2025 ein starkes Umsatzwachstum, jedoch geringere Profitabilit盲t.

  • Umsatz: Die Gesamterl枚se stiegen im Jahresvergleich um 23 % auf 5,21 Mrd. USD, getrieben durch h枚here verdiente Nettopr盲mien (+22 % auf 4,34 Mrd. USD) und einen 12%igen Anstieg der Anlageertr盲ge auf 405 Mio. USD. Die Ums盲tze f眉r sechs Monate wuchsen um 21 % auf 9,89 Mrd. USD.
  • Ergebnis: Der den Stammaktion盲ren zurechenbare Nettogewinn sank um 3 % auf 1,23 Mrd. USD; das verw盲sserte Ergebnis je Aktie fiel von 3,30 auf 3,23 USD. Im ersten Halbjahr sank der Nettogewinn um 24 % auf 1,79 Mrd. USD (verw盲ssertes EPS 4,70 USD).
  • Aufwendungen: Verluste und LAE stiegen um 26 % auf 2,30 Mrd. USD; die Gesamtaufwendungen erh枚hten sich um 31 % auf 3,80 Mrd. USD. Netto-W盲hrungsverluste von 88 Mio. USD gegen眉ber einem Gewinn von 1 Mio. USD im Vorjahr belasteten das Ergebnis.
  • Bilanz: Die Gesamtaktiva erreichten 78,8 Mrd. USD, ein Anstieg von 11 % seit Jahresende. Das Eigenkapital der Aktion盲re wuchs um 11 % auf 23,0 Mrd. USD, unterst眉tzt durch eine Ver盲nderung des AOCI um 672 Mio. USD (auf 鈥�48 Mio. USD). Der Buchwert je Aktie stieg trotz Aktienr眉ckk盲ufen im Wert von 392 Mio. USD.
  • Cashflow: Der operative Cashflow f眉r sechs Monate betrug 2,58 Mrd. USD, ein R眉ckgang von 16 % im Jahresvergleich; die Investitionsabfl眉sse stiegen aufgrund h枚herer K盲ufe von festverzinslichen Wertpapieren.
  • MCE-Akquisition: Die Integration des 450 Mio. USD schweren US-Gesch盲fts MidCorp & Entertainment (Abschluss August 2024) ist abgeschlossen; die endg眉ltige Kaufpreisallokation erfasste 276 Mio. USD Goodwill und 565 Mio. USD aktivierbare immaterielle Verm枚genswerte.

Wichtige Erkenntnisse: Das Pr盲mienwachstum in den Segmenten Versicherung, R眉ckversicherung und Hypotheken bleibt robust, und nicht realisierte Anlagegewinne st盲rkten das Eigenkapital, jedoch dr眉ckten h枚here Verlustkosten, Betriebsausgaben, W盲hrungsnachteile und Akquisitionsabschreibungen die Margen und Gewinne.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
X
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Tan Fiona
(Last) (First) (Middle)
C/O WAYFAIR INC., 4 COPLEY PLACE
(Street)
BOSTON MA 02116
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Wayfair Inc. [ W ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 08/04/2025 S(1) 7,009 D $73 205,207 I(2) By Revocable Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on behalf of the revocable trust, as trustee, on March 12, 2025.
2. The reporting person is the trustee of the revocable trust, and members of the reporting person's immediate family are the sole beneficiaries of the revocable trust.
Remarks:
/s/Enrique Colbert, Attorney-In-Fact for Fiona Tan 08/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source:

FAQ

How much did Arch Capital (ACGL) earn per share in Q2 2025?

Diluted EPS was $3.23, down from $3.30 in Q2 2024.

What drove the revenue increase for ACGL in the second quarter of 2025?

Higher net premiums earned (+22%), stronger investment income and realized gains lifted total revenue 23% YoY to $5.21 bn.

How has Arch Capital鈥檚 shareholders鈥� equity changed since year-end 2024?

Equity rose to $23.0 bn from $20.8 bn, aided by improved AOCI and retained earnings.

What was the impact of the MidCorp & Entertainment (MCE) acquisition?

The $450 m deal added $276 m goodwill and $565 m amortizable intangibles; integration is complete and results are included in the Insurance segment.

Did Arch Capital repurchase shares during the first half of 2025?

Yes, it bought back $392 m of common shares, reducing treasury share count to 223.7 m.

What are Arch Capital鈥檚 cash and investment levels?

Cash stood at $0.98 bn and total investments at $44.3 bn as of June 30 2025.
Stock W logo
Wayfair Inc

NYSE:W

W Rankings

#1444 Ranked by Market Cap
N/A Ranked by Dividends

W Latest News

Aug 4, 2025
Wayfair Announces Second Quarter 2025 Results, Reports Highest Revenue Growth and Profitability Since 2021
Jul 31, 2025
Wayfair Heads West: New Large-Format Store Coming to Denver in 2026
Jul 17, 2025
Black Friday Comes Early: Wayfair's Five-Day Mega Sale Starts July 24
Jul 3, 2025
Wayfair Schedules Second Quarter 2025 Earnings Release and Conference Call
Jun 18, 2025
Perigold Opens First-Ever Brick and Mortar Store in Houston, Marking a New Chapter in Luxury Home & Design Retail

W Latest SEC Filings

Aug 5, 2025
[144] Wayfair Inc. SEC Filing
Aug 5, 2025
[144] Wayfair Inc. SEC Filing
Aug 4, 2025
[Form 4] Wayfair Inc. Insider Trading Activity
Aug 4, 2025
[Form 4] Wayfair Inc. Insider Trading Activity
Aug 4, 2025
[10-Q] Wayfair Inc. Quarterly Earnings Report

W Stock Data

8.37B
95.62M
4.04%
114.7%
17.76%
Internet Retail
Retail-catalog & Mail-order Houses
United States
BOSTON