[Form 4] Jabil Inc. Insider Trading Activity

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’ equity expanded 11% to $23.0 bn, aided by a $672 m swing in AOCI (to –$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.

Positive

• Revenue growth of 23% YoY and 21% YTD demonstrates strong market penetration across core lines.
• Shareholders’ 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 (–2%) and $4.70 (–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

Equity Research Analyst

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

Revenue growth above 20% confirms ACGL’s 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.

Insurance Sector Risk Analyst

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.

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^*

MONDELLO MARK T

(Last) (First) (Middle)

C/O JABIL INC.

10800 ROOSEVELT BOULEVARD NORTH

(Street)

ST. PETERSBURG FL 33716

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
JABIL INC [ JBL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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
Common Stock	08/01/2025		S(1)		836	D	$217.23(2)	1,439,354	D
Common Stock	08/01/2025		S(1)		957	D	$216.11(3)	1,438,397	D
Common Stock	08/01/2025		S(1)		1,317	D	$215.01(4)	1,437,080	D
Common Stock	08/01/2025		S(1)		1,898	D	$218.55(5)	1,435,182	D
Common Stock	08/01/2025		S(1)		2,837	D	$221.33(6)	1,432,345	D
Common Stock	08/01/2025		S(1)		3,958	D	$220.15(7)	1,428,387	D
Common Stock	08/01/2025		S(1)		8,197	D	$219.38(8)	1,420,190	D

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. This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 22, 2024.

2. The transactions reflected on this line were executed in multiple trades at prices ranging from $216.77 to $217.58, inclusive. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

3. The transactions reflected on this line were executed in multiple trades at prices ranging from $215.69 to $216.59, inclusive. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

4. The transactions reflected on this line were executed in multiple trades at prices ranging from $214.53 to $215.50, inclusive. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

5. The transactions reflected on this line were executed in multiple trades at prices ranging from $217.84 to $218.80, inclusive. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

6. The transactions reflected on this line were executed in multiple trades at prices ranging from $220.87 to $221.71, inclusive. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

7. The transactions reflected on this line were executed in multiple trades at prices ranging from $219.84 to $220.82, inclusive. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

8. The transactions reflected on this line were executed in multiple trades at prices ranging from $218.84 to $219.80, inclusive. The price reported above reflects the weighted average sale price for the shares set forth on this line. The reporting person hereby undertakes to provide upon request by the SEC Staff, the Issuer or a security holder of the Issuer full information regarding the number of shares sold at each separate price.

	/s/ Lisa N. Clark, Attorney-in-Fact	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.

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’s shareholders’ 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’s cash and investment levels?

Cash stood at $0.98 bn and total investments at $44.3 bn as of June 30 2025.