EG · 10-Q · 2026Q3 · Full report
Liquidity and Cash Position
EVEREST GROUP, LTD. · 2026-10-30 · Importance 69 · Surprise 64 · In source text
Net cash from operating activities was $1.6 billion for the first nine months of 2026, down from $3.5 billion in the comparable 2025 period; the periods included net catastrophe-loss payments of $444 million and $654 million and net tax payments of $342 million and $98 million, respectively. Cash and short-term investments totaled $4.0 billion at September 30, 2026, compared with $4.3 billion at year-end 2025, alongside $1.7 billion of fixed maturities due within one year. Everest Re had $1.0 billion of FHLBNY borrowings outstanding, with those borrowings beginning to expire in December 2026, against stated borrowing capacity of approximately $3.2 billion. Management noted that cash flow could decline or become negative in the near term as claims are paid, while citing available liquidity and reinsurance recoveries as funding sources.
Key facts
- Net cash flows from operating activities were $1.6 billion for the nine months ended September 30, 2026, compared with $3.5 billion in 2025. source
- At September 30, 2026, Everest had $1.0 billion of FHLBNY borrowings outstanding, which begin to expire in December 2026; borrowing capacity was approximately $3.2 billion. source
- At September 30, 2026, Everest had $1.7 billion of available-for-sale fixed maturities maturing within one year, $10.6 billion maturing in one to five years, and $7.9 billion maturing after five years. source
- Everest held cash and short-term investments of $4.0 billion at September 30, 2026, compared with $4.3 billion at December 31, 2025. source
- Operating cash flows reflected net catastrophe loss payments of $444 million in the nine months ended September 30, 2026, versus $654 million in 2025, and net tax payments of $342 million versus $98 million. source
- Everest shareholders’ equity decreased $1.2 billion to $14.3 billion at September 30, 2026, from $15.5 billion at December 31, 2025. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -3.1% | Net cash flows from operating activities were $1.6 billion for the nine months ended September 30, 2026, compared with $3.5 billion in 2025. |
| liability | positive | committed | — | At September 30, 2026, Everest had $1.0 billion of FHLBNY borrowings outstanding, which begin to expire in December 2026; borrowing… |
| cash | negative | committed | — | At September 30, 2026, Everest had $1.0 billion of FHLBNY borrowings outstanding, which begin to expire in December 2026; borrowing… |