Arch Insurance, a division of Bermuda-based re/insurer Arch Capital Group, has appointed Patrick Richard as Head of Casualty and Virginie du Parc Locmaria as a Senior Casualty Underwriter, for the French market, effective September 15th, 2025.The pair join Arch Insurance (EU) dac (AIEU), which provides specialist property and casualty insurance solutions within the European Union.Richard is based in Paris and will work closely with du Parc Locmaria who will lead the expansion of Arch’s casualty portfolio in ...

Core Insights - White Mountains Insurance Group reported Q2 2025 earnings per share (GAAP) of $47.75, missing the analyst estimate of $57.00 by 16.2% [1] - Total revenue (GAAP) reached $689.2 million, a significant increase of 74.4% compared to Q2 2024 [1][2] - Book value per share rose to $1,803.57, up 4.7% from $1,722.02 a year earlier [1][2] Financial Metrics - Diluted EPS (GAAP) for Q2 2025 was $47.75, compared to $(21.24) in Q2 2024 [2] - Revenue (GAAP) was $689.2 million, up from $395.4 million in Q2 2024, reflecting a 74.4% year-over-year increase [2] - Book Value per Share increased to $1,803.57 from $1,722.02, marking a 4.7% rise [2] - Ark/WM Outrigger Combined Ratio improved to 84.4% from 87.0%, a decrease of 2.6 percentage points [2] - Gross Written Premiums for Ark/WM Outrigger were $815.2 million, up 17.0% from $697.0 million in Q2 2024 [2] - MGA Adjusted EBITDA for Bamboo reached $25.6 million, a 122.6% increase from $11.5 million in Q2 2024 [2] Company Overview - White Mountains Insurance Group operates as a diversified insurance holding company, focusing on property & casualty insurance, reinsurance, and specialty distribution [3] - Key subsidiaries include Ark, WM Outrigger, Bamboo, HG Global, and Kudu, each serving distinct roles in the insurance and investment sectors [3] Strategic Focus - Current priorities include disciplined underwriting, risk management, maximizing investment returns, and expanding through strategic acquisitions [4] - Growth in core businesses like Ark and Bamboo is emphasized, alongside maintaining a strong capital base [4] Segment Performance - Ark experienced significant premium growth with gross written premiums rising 17% year-over-year to $815 million, and the combined ratio improved to 85% [5] - WM Outrigger faced volatility due to catastrophe losses, impacting pre-tax income [5] - Bamboo reported record commission and fee revenue of $59 million, with managed premiums of $191 million, despite facing claims from California wildfires [5] - Kudu's revenue dropped to $20 million due to lower investment gains, while HG Global saw improvements in gross written premium and pre-tax income [6] Investment Performance - The consolidated portfolio returned 2.7%, underperforming compared to the S&P 500's 10.9% return [7] - MediaAlpha contributed positively to investment income as its share price increased [7] - Ark reported net realized and unrealized investment gains of $51 million, up from $20 million in Q2 2024 [7] Future Outlook - No specific financial outlook or guidance was provided for the upcoming quarter or fiscal 2025 [8] - Management highlighted opportunities for growth, particularly at Bamboo and Ark, with approximately $300 million in undeployed capital available for future investments [8]

Core Insights - Lemonade's fiscal Q1 2025 results exceeded Wall Street expectations for both revenue and earnings per share, indicating a positive trajectory for the company [3][8][10] Financial Performance - Revenue increased from $119.1 million in Q1 2024 to $151.2 million in Q1 2025, marking a 27% growth [2] - Earnings per share declined from -$0.67 to -$0.86, a 28% increase in losses, but still beat expectations [2] - In-force premiums rose by 26% year-over-year, surpassing $1 billion, reaching $1.0 billion [2][3] Customer Growth - The customer base grew by 21%, reaching 2.5 million, with premium per customer increasing by 4% to $396 [4] Underwriting and Loss Ratios - The gross loss ratio improved by 100 basis points to 78%, although it remains above the long-term goal of 75% [5][6] - The gross loss ratio for the trailing 12 months remained flat at 73% [6] Investment in Growth - Growth spending, including sales and marketing, nearly doubled to $38.1 million in the quarter [7] Market Reaction - Despite a year-to-date decline of 18% in shares, the positive earnings results led to an 8% increase in premarket trading [8] Future Outlook - The company maintains its guidance for positive adjusted free cash flow in 2025, despite challenges from natural disasters [10] - There is still a significant distance to achieve non-adjusted positive earnings and cash flow, but progress is being made [11]