EG · 10-Q · 2026Q3 · Full report

Wholesale Underwriting Expenses

EVEREST GROUP, LTD. · 2026-10-30 · Importance 36 · Surprise 40 · No source text

Global Wholesale & Specialty other underwriting expenses rose 11.8% to $268 million for the nine months ended September 30, 2026, from $240 million a year earlier. The expense ratio increased 1.7 points to 12.6%, driven by investment in the division’s technology platform. For the quarter, other underwriting expenses declined 2.1% to $89 million, but the ratio increased 0.3 points because of the lower earned-premium base.

Key facts

• Nine-month commission, brokerage, taxes and fees decreased 8.1% to $2.4 billion from $2.6 billion. source
• Commission, brokerage, taxes and fees decreased 16.1% to $747 million for the third quarter of 2026 from $890 million in 2025. source
• Global Wholesale & Specialty other underwriting expenses increased 11.8% to $268 million for the nine months ended September 30, 2026, from $240 million in 2025; the expense ratio rose 1.7 points due to technology platform investment. source
• Third-quarter commission, brokerage, taxes and fees decreased $119 million, or 17.2%, in Reinsurance Treaty and $24 million, or 47.9%, in Legacy. source
• Nine-month commission, brokerage, taxes and fees decreased $180 million, or 8.9%, in Reinsurance Treaty and $37 million, or 25.3%, in Legacy, partly offset by a $7 million, or 1.6%, increase in Global Wholesale & Specialty. source

Impact estimates