Everest Group Reports Q1 2025 Results
Everest Group Ltd. reported its first quarter 2025 results.
A spokesperson said, “Everest Group, Ltd., a global underwriting leader providing best-in-class property, casualty, and specialty reinsurance and insurance solutions, reported its first quarter 2025 results.
First Quarter 2025 Highlights
- Net Income of $210 million; Net Operating Income of $276 million
- Total Shareholder Return of 5.6% annualized1; Annualized year-to-date 5.7% Net Income ROE and 7.5% Net Operating Income ROE
- $4.4 billion in gross written premium with year-over-year decreases of 2.0% for the Group, 1.1% for Reinsurance, and 0.1% for Insurance on a comparable basis; Strong double-digit growth in property and specialty lines across both segments was offset by reductions in certain casualty lines
- Combined ratios of 102.7% for the Group, 103.3% for Reinsurance and 100.5% for Insurance. Catastrophe losses contributed 13.9 points, 18.0 points, and 1.1 points to the Group, Reinsurance, and Insurance combined ratios, respectively.
- Attritional combined ratios of 90.2% for the Group, 87.1% for Reinsurance and 99.1% for Insurance. The Washington, D.C. aviation losses, net of recoveries and reinstatement premiums, contributed 2.0 points, 2.4 points, and 0.9 points to the Group, Reinsurance, and Insurance attritional loss ratios, respectively.
- Pre-tax underwriting income [loss] of [$104] million for the Group, [$96] million for Reinsurance, [$5] million for Insurance, and [$3] million for Other
- $472 million of pre-tax catastrophe losses net of recoveries and reinstatement premiums versus $85 million in Q1 2024. Reinstatement premiums were $62 million in Q1 2025, while there were none in the prior year quarter.
- Net investment income improved to $491 million versus $457 million in the prior year quarter
- Operating cashflow for the quarter of $928 million versus $1.1 billion in the first quarter 2024″
