UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-K __________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to______________ 001-32492 (Commission File Number) __________________________ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025, or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission file number: 001-16533 ProAssurance Corporation (Exact name of registrant as specified in its charter) Delaware 63-1261433 (I.R. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-41051 BLACKBOXSTOCKS INC. (Exact name of registrant as specified in its charter) Nevada 45-3598066 (State or other juris ...

Financial Performance - Achieved record quarterly orders and revenue, both exceeding $1.0 billion[3] - Full year 2025 consolidated revenue totaled $3.8 billion, with 50% generated from recurring revenue[3] - Full year 2025 adjusted EBITDA was $600 million, representing a margin of 15.8 percent[5] - Full year 2025 loss from continuing operations was $50 million, with a margin of (1.3) percent[4] - Revenue for the three months ended December 31, 2025, was $1,008.0 million, a significant increase from $467.6 million in the same period of 2024, representing a growth of 115.5%[23] - Adjusted income from continuing operations for the twelve months ended December 31, 2025, was $333.1 million, up from $198.0 million in 2024, reflecting a growth of 68.2%[24] - Adjusted EBITDA from continuing operations for the twelve months ended December 31, 2025, was $600.4 million, compared to $295.0 million in 2024, marking an increase of 103.5%[28] - The company reported a net income of $53.1 million for the three months ended December 31, 2025, compared to a net loss of $7.0 million in the same period of 2024[23] - Net loss from continuing operations for 2025 was $49.7 million, a significant decline compared to a profit of $84.6 million in 2024[40] Growth and Projections - For 2026, JBT Marel expects consolidated revenue growth of 5-7 percent, including a 1 percent foreign exchange translation benefit[12] - Full year 2026 revenue guidance is set at $3,990 - $4,065 million[11] - Anticipated adjusted EPS for 2026 is between $8.00 - $8.50[11] - Adjusted EBITDA from continuing operations is projected to be between $675 million and $710 million for the full year 2026[52] - Revenue guidance for 2026 is set between $3,990 million and $4,065 million, indicating a potential growth in sales[52] - Diluted earnings per share from continuing operations is expected to be between $4.70 and $5.15 for 2026[48] Orders and Backlog - Year-end backlog for 2025 was approximately $1.4 billion[5] - Total inbound orders for the three months ended December 31, 2025, reached $1,042.7 million, up from $523.1 million in the same period of 2024, indicating a growth of 99.4%[23] - The orders backlog as of December 31, 2025, was $1,372.0 million, significantly higher than $720.5 million in the previous year[23] Cost and Debt Management - Realized year-over-year synergy savings of approximately $43 million in 2025, with expected savings of $60 million in 2026[9] - As of December 31, 2025, the company's net debt to trailing twelve months adjusted EBITDA was 2.9x[6] - Total debt as of Q4 2025 was $1,881.9 million, an increase of 629.8% from $252.1 million in Q4 2024[44] - Net debt stood at $1,714.0 million in Q4 2025, compared to only $23.7 million in Q4 2024, reflecting a substantial increase[44] - The bank total net leverage ratio is calculated at 2.6 as of December 31, 2025[46] Cash Flow and Assets - Free cash flow for 2025 was $249.8 million, up from $199.3 million in 2024, indicating a 25.4% increase[42] - Cash and cash equivalents from continuing operations decreased to $186.5 million at the end of 2025 from $1,228.4 million at the end of 2024[40] - Total assets increased to $8,196.8 million in 2025 from $3,413.8 million in 2024, representing a growth of 140.5%[38] Profitability Metrics - Gross profit margin decreased to 34.5% for the three months ended December 31, 2025, compared to 38.4% in the same period of 2024[23] - Operating income margin improved to 7.2% for the three months ended December 31, 2025, compared to 3.4% in the same period of 2024[23] - M&A related costs for the twelve months ended December 31, 2025, totaled $114.5 million, reflecting the company's ongoing investment in growth strategies[25]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K MANPOWERGROUP INC. (Exact name of registrant as specified in its charter) | WISCONSIN | | 39-1672779 | | --- | --- | --- | | (State or other jurisdiction of | | (I.R.S. Employer | | incorporation or organization) | | Identification No.) | | 100 MANPOWER PLACE, MILWAUKEE, WISCONSIN | | 53212 | | (Address of principal executive offices) | | (Zip Code) | | Registrant's telephone number, including area code: (414) 961-1000 | | | | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission File Number: 001-36834 EASTERLY GOVERNMENT PROPERTIES, INC. (Exact name of registrant as specified in its charter) Maryland 47-2047728 (State or other jurisdic ...

Premium Composition - The Exchange's direct and affiliated assumed written premiums for 2025 are composed of 71% personal lines and 29% commercial lines[17]. Expenses and Compensation - Agent compensation accounts for approximately 71% of the 2025 policy issuance and renewal expenses[14]. - The Exchange's management fees, which are the primary source of revenue, are based on the direct and affiliated assumed premiums written[21]. Workforce and Employee Metrics - The average employee tenure in 2025 was 10.9 years, with a voluntary turnover rate of 6.3%[32]. - The total workforce consists of 6,667 full-time employees, with about 50% dedicated to claims and life insurance management services for the Exchange[31]. Business Model and Strategy - The Exchange's business model aims to combine localized marketing and claims servicing with centralized support services to enhance operational efficiency[23]. - The company emphasizes a disciplined underwriting philosophy to generate higher risk-adjusted investment returns[24]. - The Exchange's strategic focus includes careful risk selection, appropriate pricing, and superior investment returns to achieve long-term acceptable returns[24]. Revenue and Competition - The Exchange's revenue generation is significantly influenced by the performance and financial condition of the Exchange itself[19]. - The company faces competition primarily in the personal lines automobile and homeowners insurance sectors from large national companies and regional insurers[21].

Financial Results and Supplemental Information FOURTH QUARTER 2025 February 23, 2026 Exhibit 99.2 Table of Contents | FINANCIAL RESULTS | Diversified Healthcare Trust Announces Fourth Quarter 2025 Financial Results . | | | --- | --- | --- | | | Fourth Quarter 2025 Highlights | | | | Full Year 2026 Guidance .. | | | FINANCIALS | Key Financial Data | | | | Condensed Consolidated Balance Sheets | | | | Condensed Consolidated Statements of Income (Loss) | | | DEBT AND LEVERAGE | Debt Summary . | | | | Debt Matu ...

Brighthouse Financial, Inc. Financial Supplement Fourth Quarter 2025 Financial Results Earnings and Select Metrics from Segments Other Information Appendix Note: See the Appendix for non-GAAP financial information, definitions and reconciliations. Financial information, unless otherwise noted, is rounded to millions. Some financial information, therefore, may not sum to the corresponding total. Exhibit 99.2 As used in this financial supplement, "Brighthouse Financial," "Brighthouse," the "Company," "we," "o ...

Exhibit 99.2 Brighthouse Financial, Inc. Financial Supplement Fourth Quarter 2025 Other Information Appendix Note: See the Appendix for non-GAAP financial information, definitions and reconciliations. Financial information, unless otherwise noted, is rounded to millions. Some financial information, therefore, may not sum to the corresponding total. As used in this financial supplement, "Brighthouse Financial," "Brighthouse," the "Company," "we," "our" and "us" refer to Brighthouse Financial, Inc. Table of C ...