EG · 10-Q · 2026Q3 · Full report

FX / Currency Impact

EVEREST GROUP, LTD. · 2026-10-30 · Importance 57 · Surprise 64

For the nine months ended September 30, 2026, Everest recorded $3 million of foreign currency exchange income, compared with $165 million of expense in the prior-year period, primarily reflecting movements in the Euro and British Pound Sterling. For the third quarter, it recorded $13 million of exchange income versus $33 million of expense a year earlier. The nine-month year-over-year swing exceeds the filing’s materiality threshold for changes greater than 10%.

Key facts

• Everest recorded foreign-currency exchange income of $3 million in the nine months ended September 30, 2026 and expense of $165 million in the 2025 period; Euro and British Pound Sterling movements particularly affected results. source
• Everest recorded foreign-currency exchange income of $13 million in the third quarter of 2026 and expense of $33 million in the third quarter of 2025, with movements in the Euro and British Pound Sterling particularly affecting results. source
• Nine-month other expense was $117 million in 2026 and $129 million in 2025. source
• Other expense was $9 million for the three months ended September 30, 2026, compared with $29 million for the 2025 period. source
• EVEREST GROUP, LTD. generally mitigates foreign exchange exposure by matching the currency and duration of its assets to corresponding operating liabilities. source
• EVEREST GROUP, LTD.'s non-U.S./Bermuda operations maintain capital in the currency of each operation's geographic location, consistent with local regulatory guidelines. source
• EVEREST GROUP, LTD.'s non-U.S. operations have primary foreign currency exposures to the Canadian Dollar, Singapore Dollar, British Pound Sterling and Euro. source
• For EVEREST GROUP, LTD., foreign exchange changes in the fair value of available-for-sale fixed maturities relative to functional currency are reflected in other comprehensive income. source