EG · 10-Q · 2026Q3

EVEREST GROUP, LTD.

Filed 2026-10-30 · Financials · View original filing on EDGAR

Everything EG's SEC filings said, ranked

Ranked Events

• Liquidity and Cash PositionImportance 69 · Surprise 64
  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…
• Reinsurance Recoverables ConcentrationImportance 63 · Surprise 50
  Reinsurance recoverables totaled $5.2 billion at September 30, 2026, compared with $5.1 billion at December 31, 2025. State National Insurance Company accounted for $1.3 billion, or 24.2%, of recoverables under adverse…
• Sidecar Premium CessionsImportance 62 · Surprise 58
  Everest partnered with Stone Point Insurance Solutions to launch Annapurna Re, a Bermuda-based collateralized insurer and reinsurance sidecar, with Stone Point-managed funds as anchor investors. The structure…
• FX / Currency ImpactImportance 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…
• Legacy Reserve RunoffImportance 56 · Surprise 46
  Legacy net reserves for losses and LAE before the impact of adverse development cover declined to $5.9 billion at September 30, 2026, from $6.3 billion at December 31, 2025, reflecting earned premium runoff and…
• Net Investment Income GrowthImportance 54 · Surprise 40
  Net investment income increased 17.4% to $634 million for the third quarter of 2026 from $540 million in the prior-year quarter, driven mainly by a $75 million increase in limited partnership and other invested-asset…
• Revenue Performance and MixImportance 54 · Surprise 40
  For the nine months ended September 30, 2026, total revenues fell 10.2% to $11.742 billion, while premiums earned decreased 12.6% to $10.220 billion. Gross written premiums declined 17.3% to $11.116 billion, driven…
• Net Income PerformanceImportance 53 · Surprise 48
  Everest Group reported net income of $233 million for the three months ended September 30, 2026, compared with $255 million in the prior-year quarter, a decline of about 9%. Net income for the first nine months of 2026…
• Reinsurance Treaty Loss PerformanceImportance 53 · Surprise 48
  For the three months ended September 30, 2026, Reinsurance Treaty incurred losses and LAE rose 20.6% to $1.8 billion, and the segment loss ratio increased 22.3 points to 80.1%. Current-year catastrophe losses increased…
• Underwriting Margin PerformanceImportance 51 · Surprise 40
  For the nine months ended September 30, 2026, consolidated incurred losses and LAE decreased 16.9% to $6.819 billion, and the consolidated combined ratio improved to 96.3% from 98.7%. Core businesses’ combined ratio…
• Bermuda Regulatory Capital SupervisionImportance 47 · Surprise 60
  Everest Reinsurance (Bermuda) Ltd. is regulated by the Bermuda Monetary Authority (BMA) and is subject to the Bermuda Solvency Capital Requirement (BSCR); Everest Reinsurance Company is regulated by Delaware and…
• Global Minimum Tax ChangesImportance 46 · Surprise 42
  Bermuda’s Corporate Income Tax Act 2023 applies a 15% corporate income tax to certain Bermuda businesses for fiscal years beginning on or after January 1, 2025. OECD guidance issued January 15, 2025 restricts the use…
• Operating Expense TrendsImportance 46 · Surprise 30
  Commission, brokerage, taxes and fees decreased 8.1% to $2.386 billion for the nine months ended September 30, 2026, mainly because Reinsurance Treaty costs fell $180 million and Legacy costs fell $37 million. Other…
• Adverse Development ReinsuranceImportance 46 · Surprise 42
  Effective October 1, 2025, Everest subsidiaries entered into adverse development reinsurance agreements covering qualifying North American liabilities for accident years 2024 and prior in Global Wholesale & Specialty…
• Bermuda Group SupervisionImportance 44 · Surprise 42
  The Bermuda Monetary Authority (BMA) formally determined that it should become Everest’s Group Supervisor and assigned the Company a group registration number; Bermuda Re is designated to handle group-level regulatory…
• Reinsurance Pricing and ExposureImportance 43 · Surprise 32
  Reinsurance Treaty gross written premiums declined 5.3% to $2.7 billion in the third quarter and 7.4% to $8.1 billion for the first nine months of 2026. Everest attributed the decreases to underwriting actions in…
• Loss Reserve BalancesImportance 42 · Surprise 32
  Gross loss and LAE reserves increased to $35.3 billion at September 30, 2026, from $34.3 billion at December 31, 2025. Reinsurance Treaty accounted for $21.3 billion, or 60.3%, of gross reserves; Global Wholesale &…
• Income Tax Rate ChangesImportance 41 · Surprise 48
  Income tax expense increased to $243 million for the nine months ended September 30, 2026, from $187 million, a 29.8% increase, primarily reflecting the geographic mix of pretax income and jurisdictional statutory tax…
• Wholesale Underwriting ExpensesImportance 36 · Surprise 40
  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%,…
• Commercial Retail DivestituresImportance 34 · Surprise 42
  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.…

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