Everest Group Reports Q2 2026 Results
Everest Group Ltd. reported its second quarter 2026 results.
A spokesperson said, “Everest delivered a strong quarter driven by meaningful contributions from both underwriting income across our Core businesses and investments resulting in an annualized total shareholder return of 16.8%. The results this quarter show the strength of the franchise we have built and the benefits of our actions to strengthen underwriting performance as well as optimize the balance sheet.” said Jim Williamson, Everest President and CEO. “Our Reinsurance Treaty team delivered another excellent quarter. This was clear during the mid-year renewals, where the team’s world class execution resulted in meaningful outperformance on rate and terms versus the market. Our Global Wholesale & Specialty business continues to see the benefits from our strategy to expand the portfolio in specialty lines and targeted international markets while delivering margin expansion. As we look ahead, our focus is on profitably developing our Core businesses while effectively deploying capital, where share repurchases remain a top priority.”
A spokesperson added, “Second Quarter 2026 Highlights
- “Net income of $559 million, equal to $14.22 per diluted share versus second quarter 2025 net income of $680 million, equal to $16.10 per diluted share
- “Net operating income of $585 million, equal to $14.85 per diluted share versus second quarter 2025 net operating income of $734 million, equal to $17.36 per diluted share
- “Total Shareholder Return of 16.8% annualized1; Annualized 14.2% Net Income ROE and 14.9% Net Operating Income ROE
- “Book value per share of $398.83 at June 30, 2026 versus $379.83 at December 31, 2025
- “Book value per share excluding unrealized gains [losses] on fixed maturity, available for sale securities of $407.67 at June 30, 2026 versus $379.70 at December 31, 2025
- “Core businesses consist of our Reinsurance Treaty and Global Wholesale & Specialty segments
- “$3.7 billion in gross written premium from Core businesses, a year-over-year decrease of 7.1%, which includes a 9.1% decrease for Reinsurance Treaty and a 1.0% decrease for Global Wholesale & Specialty on a comparable basis
- “Combined ratio of 90.0% for Core businesses, which includes 88.5% for Reinsurance Treaty and 95.2% for Global Wholesale & Specialty
- “Attritional combined ratios of 87.3% for Core businesses, which includes 85.4% for Reinsurance Treaty and 93.8% for Global Wholesale & Specialty
- “Pre-tax underwriting income [loss] of $281 million for Group, $283 million for Reinsurance Treaty, $34 million for Global Wholesale & Specialty, and [$36] million for Legacy
- “Net investment income of $523 million versus $532 million in the prior year quarter, driven by lower alternative investment returns.”
