Qurate Retail(QRTEB) - 2025 Q2 - Quarterly Results
2025-08-07 17:31
Exhibit 99.1 "We continue to operate in a challenging environment marked by the continued decline of linear television, volatile consumer confidence and uncertainty in international trade. Despite a declining top line, we delivered double-digit Adjusted OIBDA margin and we've made significant progress with our WIN strategy, growing our social and streaming business revenue such that it is now approaching double- digits as a percentage of total QxH revenue, diversified our sourcing to mitigate tariff uncerta ...
Qurate Retail(QRTEA) - 2025 Q2 - Quarterly Results
2025-08-07 17:31
QVC GROUP REPORTS SECOND QUARTER 2025 FINANCIAL RESULTS West Chester, Pennsylvania, August 7, 2025 – QVC Group, Inc. ("QVC Group") (Nasdaq: QVCGA, QVCGP; OTCQB: QVCGB) today reported second quarter 2025 results (1) . Exhibit 99.1 "We continue to operate in a challenging environment marked by the continued decline of linear television, volatile consumer confidence and uncertainty in international trade. Despite a declining top line, we delivered double-digit Adjusted OIBDA margin and we've made significant p ...
GCI Liberty Inc-C(GLIBK) - 2025 Q2 - Quarterly Report
2025-08-07 17:21
or Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2025 ☐ 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: 001-42742 GCI Liberty, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...
GCI Liberty Inc-A(GLIBA) - 2025 Q2 - Quarterly Report
2025-08-07 17:21
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 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: 001-42742 GCI Liberty, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of ...
me Opportunity Realty Investors(IOR) - 2025 Q2 - Quarterly Results
2025-08-07 17:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) August 7, 2025 Income Opportunity Realty Investors, Inc. (Exact name of registrant as specified in its charter) Nevada 001-14784 75-2615944 (State or other jurisdiction of Incorporation or organization) (Commission File Number) (IRS Employer Identification Number) 1603 LBJ Freeway, Suite 800 Dal ...
Primerica(PRI) - 2025 Q2 - Quarterly Report
2025-08-07 17:13
PART I – FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited).) This section presents Primerica's unaudited condensed consolidated financial statements and detailed notes for the period ended June 30, 2025 [Condensed Consolidated Balance Sheets](index=4&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets, liabilities, and stockholders' equity increased to $14.83 billion, $12.52 billion, and $2.31 billion respectively, as of June 30, 2025 Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | **Total Assets** | **$14,829,833** | **$14,582,022** | | Total Investments | $4,436,299 | $4,331,042 | | Deferred policy acquisition costs, net | $3,817,119 | $3,680,430 | | **Total Liabilities** | **$12,522,318** | **$12,322,981** | | Future policy benefits | $6,719,044 | $6,503,064 | | Note payable | $594,913 | $594,512 | | **Total Stockholders' Equity** | **$2,307,515** | **$2,259,041** | [Condensed Consolidated Statements of Income](index=5&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Net income for Q2 2025 was $178.3 million, up from $1.2 million in Q2 2024 due to discontinued operations, while continuing operations income decreased to $178.3 million Income Statement Summary (in thousands, except per-share amounts) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $793,334 | $790,955 | $1,598,177 | $1,526,904 | | Income from Continuing Operations | $178,344 | $209,302 | $347,395 | $357,715 | | Loss from Discontinued Operations | - | $(208,131) | - | $(218,641) | | **Net Income** | **$178,344** | **$1,171** | **$347,395** | **$139,074** | | Diluted EPS (Continuing) | $5.40 | $6.07 | $10.45 | $10.28 | | **Diluted EPS (Total)** | **$5.40** | **$0.03** | **$10.45** | **$3.99** | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash from operations decreased to $360.0 million for the six months ended June 30, 2025, with investing and financing activities resulting in a $66.6 million net decrease in cash and cash equivalents Cash Flow Summary for Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2025 | 2024 | | :--- | :--- | :--- | | Net cash provided by operating activities | $360,042 | $384,182 | | Net cash used in investing activities | $(100,471) | $(56,509) | | Net cash used in financing activities | $(328,745) | $(311,533) | | **Change in cash and cash equivalents** | **$(66,623)** | **$14,144** | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) The notes detail financial statements, covering discontinued Senior Health operations, segment performance, investment portfolio, reinsurance, and the share repurchase program - The company abandoned its ownership in e-TeleQuote Insurance, Inc. (the "Senior Health business") on **September 30, 2024**, with its results now reported in **discontinued operations** for all periods presented[32](index=32&type=chunk)[33](index=33&type=chunk) Discontinued Operations Summary (in thousands) | Metric | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Total Revenues | $12,420 | $19,300 | | Impairment of goodwill and other long-lived assets | $253,607 | $253,607 | | Loss before income taxes | $(264,972) | $(279,125) | | **Loss from discontinued operations, net of taxes** | **$(208,131)** | **$(218,641)** | Income Before Income Taxes by Segment (in thousands) | Segment | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Term Life Insurance | $155,012 | $147,779 | $301,797 | $286,148 | | Investment and Savings Products | $79,421 | $74,782 | $160,691 | $140,345 | | Corporate and Other | $64 | $50,208 | $(6,676) | $39,664 | - As of June 30, 2025, the company had repurchased **901,663 shares** for **$247.1 million** under its current share repurchase program, with approximately **$202.9 million** remaining available for future repurchases through December 31, 2025[78](index=78&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses financial performance, business trends, and operational drivers, including economic impacts on policy persistency and sales force, alongside financial condition, liquidity, and capital resources [Business Trends and Conditions](index=35&type=section&id=Business%20Trends%20and%20Conditions) Economic conditions, including inflation, are impacting middle-income households, adversely affecting term life insurance persistency and slowing sales force recruiting, despite strong equity markets benefiting investment products - The cumulative impact of inflation has led to an elevated cost of living, which has adversely impacted **persistency for term life insurance policies**, with lapse rates remaining above long-term historical levels[108](index=108&type=chunk) Sales Force Recruiting and Licensing Activity | Metric | Three Months Ended June 30, 2025 (count) | Three Months Ended June 30, 2024 (count) | Six Months Ended June 30, 2025 (count) | Six Months Ended June 30, 2024 (count) | | :--- | :--- | :--- | :--- | :--- | | New recruits | 80,924 | 96,563 | 181,791 | 207,273 | | New life-licensed reps | 12,903 | 14,402 | 25,242 | 27,351 | Term Life Insurance Policies Issued | Metric | Three Months Ended June 30, 2025 (count) | Three Months Ended June 30, 2024 (count) | Six Months Ended June 30, 2025 (count) | Six Months Ended June 30, 2024 (count) | | :--- | :--- | :--- | :--- | :--- | | Number of new policies issued | 89,850 | 100,768 | 176,265 | 187,355 | Investment and Savings Product Sales (in millions) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | :--- | :--- | | Total product sales | $3,548 | $3,083 | $7,108 | $5,853 | [Results of Operations](index=48&type=section&id=Results%20of%20Operations) For Q2 2025, total revenues were flat at $793.3 million, while income from continuing operations decreased 15% to $178.3 million, primarily due to a prior year one-time gain affecting segment results Consolidated Results Summary (in thousands) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $793,334 | $790,955 | $2,379 | * | | Total Benefits and Expenses | $558,837 | $518,186 | $40,651 | 8% | | Income from Continuing Operations | $178,344 | $209,302 | $(30,958) | (15)% | - The decrease in income from continuing operations in Q2 2025 was primarily due to a **one-time $50.0 million gain** recognized in Other, net revenue in the Corporate and Other Distributed Products segment in Q2 2024[155](index=155&type=chunk) [Financial Condition, Liquidity and Capital Resources](index=55&type=section&id=Financial%20Condition%2C%20Liquidity%20and%20Capital%20Resources) The company maintains a conservative investment strategy with an 'A' rated fixed-maturity portfolio, holding $371.0 million in Parent Company cash, and subsidiaries exceeding regulatory capital requirements, ensuring sufficient liquidity - The company follows a conservative investment strategy to preserve assets and provide liquidity, with its fixed-maturity portfolio having an average rating of **'A'** as of June 30, 2025[186](index=186&type=chunk)[191](index=191&type=chunk) - As of June 30, 2025, the Parent Company had **$371.0 million** in cash and invested assets, primarily sourced from subsidiary dividends[192](index=192&type=chunk) - The company's U.S. life insurance subsidiaries maintained statutory capital substantially in excess of regulatory **RBC requirements**, and the Canadian subsidiary was in compliance with **OSFI's minimum capital requirements**[201](index=201&type=chunk)[202](index=202&type=chunk) - The company maintains a **$200.0 million unsecured Revolving Credit Facility**, which had no outstanding balance as of June 30, 2025[211](index=211&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=65&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) There have been no material changes in the Company's exposures to market risk since December 31, 2024 - There have been **no material changes** in the Company's exposures to market risk since December 31, 2024[226](index=226&type=chunk) [Item 4. Controls and Procedures](index=65&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management, including the CEO and CFO, concluded the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal controls during the quarter - The CEO and CFO concluded that the Company's **disclosure controls and procedures were effective** as of June 30, 2025[227](index=227&type=chunk) - **No material changes** in internal control over financial reporting occurred during the quarter ended June 30, 2025[228](index=228&type=chunk) PART II – OTHER INFORMATION [Item 1. Legal Proceedings](index=65&type=section&id=Item%201.%20Legal%20Proceedings.) The company is involved in various legal disputes and regulatory inquiries, but as of the report date, no pending legal proceeding is believed to require disclosure - The company reports that it does not believe any **pending legal proceeding requires disclosure** as of the date of this report[230](index=230&type=chunk) [Item 1A. Risk Factors](index=65&type=section&id=Item%201A.%20Risk%20Factors.) This section updates a risk factor heading to "Risks Related to Legislative and Regulatory Changes and Government Policy Uncertainty," highlighting exposure to laws and regulations that could require business adjustments - The company updated a risk factor heading to "**Risks Related to Legislative and Regulatory Changes and Government Policy Uncertainty**" to better reflect risks from laws, regulations, and government policies that could require business practice alterations[231](index=231&type=chunk)[232](index=232&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=66&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) During Q2 2025, the company repurchased **488,027 shares** of common stock at an average price of **$264.55** per share, with approximately **$202.9 million** remaining available for repurchase as of June 30, 2025 Share Repurchases for Quarter Ended June 30, 2025 | Period | Total Shares Purchased (shares) | Average Price Paid per Share (USD) | Value Remaining Under Program (USD) | | :--- | :--- | :--- | :--- | | April 2025 | 173,466 | $259.45 | $287,020,932 | | May 2025 | 157,252 | $270.25 | $244,523,936 | | June 2025 | 157,309 | $264.48 | $202,919,455 | | **Total** | **488,027** | **$264.55** | **$202,919,455** |
Qurate Retail(QRTEB) - 2025 Q2 - Quarterly Report
2025-08-07 17:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 001-33982 QVC GROUP, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdicti ...
Qurate Retail(QRTEA) - 2025 Q2 - Quarterly Report
2025-08-07 17:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 001-33982 QVC GROUP, INC. (Exact name of Registrant as specified in its charter) State of Delaware (State or other jurisdicti ...
Ormat Technologies(ORA) - 2025 Q2 - Quarterly Report
2025-08-07 17:12
Commission file number: 001-32347 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ORMAT TECHNOLOGIES, INC. (Registrant's telephone number, including area code) 6140 Plumas Street, Reno, Nevada 89519-6075 (Former nam ...
me Opportunity Realty Investors(IOR) - 2025 Q2 - Quarterly Report
2025-08-07 17:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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 001-14784 INCOME OPPORTUNITY REALTY INVESTORS, INC. (Exact Name of Registrant as Specified in Its Charter) Nevada 75-2615944 (S ...