EG · 10-Q · 2026Q3 · Full report
Commercial Retail Divestitures
EVEREST GROUP, LTD. · 2026-10-30 · Importance 34 · Surprise 42 · No source text
Everest agreed to sell renewal rights for certain U.S., U.K. and Asia Pacific commercial retail lines to AIG for $252 million, plus $30 million for originating and structuring the transaction; a separate E.U. renewal-rights agreement had a $49 million stated purchase price. AIG also agreed to pay $10 million monthly for nine months starting January 1, 2026, for specified transition services. Everest completed the sale of its Canadian Commercial Retail Insurance operations on October 1, 2026, following a March 2026 purchase agreement that included a loss portfolio transfer for pre-closing liabilities. Everest agreed to sell Everest Colombia to AIG, with closing anticipated in fourth-quarter 2026, and Everest Mexico to Fairfax, with closing anticipated in 2027; both businesses were held for sale at September 30, 2026.
Key facts
- On October 26, 2025, Everest agreed to sell renewal rights for certain U.S., U.K. and Asia Pacific commercial retail insurance lines to AIG for an aggregate purchase price of $252 million. source
- On March 22, 2026, Everest subsidiary EUGIL agreed to sell all shares of Everest Canada, representing Everest’s Canadian Commercial Retail Insurance operations, subject to customary closing conditions and regulatory approvals. source
- On May 19, 2026, Everest agreed to sell Everest Colombia, its Colombian Commercial Retail Insurance Operations, to AIG; closing was anticipated in the fourth quarter of 2026 subject to regulatory approvals and customary conditions. source
- On August 5, 2026, Everest agreed to sell its Mexican Commercial Retail Insurance operations, Everest Mexico, to Fairfax; closing was anticipated in 2027. source
- On October 26, 2025, Everest also agreed to sell renewal rights for certain commercial retail lines in certain E.U. countries to AIG for an aggregate purchase price of $49 million. source
- AIG agreed to pay Everest $10 million per month for nine months starting January 1, 2026, for specified transition services. source
- The final purchase price under the renewal-rights agreements will be adjusted to 15% of gross written premiums for the subject business for the year ended December 31, 2025, including agreed year-end renewals. source
- Everest announced completion of the sale of its Canadian Commercial Retail Insurance Operations on October 1, 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +2.4% | AIG agreed to pay Everest $10 million per month for nine months starting January 1, 2026, for specified transition services. |
| cash | positive | committed | +0.3% | On October 26, 2025, Everest agreed to sell renewal rights for certain U.S., U.K. and Asia Pacific commercial retail insurance lines to… |
| cash | positive | committed | +0.1% | On October 26, 2025, Everest also agreed to sell renewal rights for certain commercial retail lines in certain E.U. countries to AIG for… |
| revenue | negative | committed | — | On October 26, 2025, Everest agreed to sell renewal rights for certain U.S., U.K. and Asia Pacific commercial retail insurance lines to… |
| cash | positive | probable | — | On March 22, 2026, Everest subsidiary EUGIL agreed to sell all shares of Everest Canada, representing Everest’s Canadian Commercial Retail… |
| revenue | negative | probable | — | On March 22, 2026, Everest subsidiary EUGIL agreed to sell all shares of Everest Canada, representing Everest’s Canadian Commercial Retail… |
| cash | positive | probable | — | On May 19, 2026, Everest agreed to sell Everest Colombia, its Colombian Commercial Retail Insurance Operations, to AIG; closing was… |
| revenue | negative | probable | — | On May 19, 2026, Everest agreed to sell Everest Colombia, its Colombian Commercial Retail Insurance Operations, to AIG; closing was… |
| cash | positive | probable | — | On August 5, 2026, Everest agreed to sell its Mexican Commercial Retail Insurance operations, Everest Mexico, to Fairfax; closing was… |
| revenue | negative | probable | — | On August 5, 2026, Everest agreed to sell its Mexican Commercial Retail Insurance operations, Everest Mexico, to Fairfax; closing was… |
| revenue | negative | committed | — | On October 26, 2025, Everest also agreed to sell renewal rights for certain commercial retail lines in certain E.U. countries to AIG for… |