Everest Group Reports Q3 2026 Results

Everest Group Ltd. reported its third quarter 2026 results, with a net income of $233 million, equal to $6.12 per diluted share.

“This quarter Everest generated an annualized total shareholder return of 14.2% as we executed on a number of initiatives including strengthening the balance sheet, accelerating capital return, and positioning the Company for its next chapter,” said Jim Williamson, Everest President and CEO.

“Our Reinsurance Treaty team is navigating the market cycle with the highest level of discipline, while leveraging its expertise and competitive advantages to maintain our focus on bottom-line results. Our Global Wholesale & Specialty business continues to generate momentum with strong profitable growth in specialty lines and targeted international markets. Our high-quality investment portfolio contributed $634 million in net investment income. As we approach the final stretch of the year and head into 2027, we are focused on executing our strategies across our Core businesses and proactively deploying capital, where share repurchases remain a top priority.”

A spokesperson added, “Third Quarter 2026 Highlights

• “Net income of $233 million, equal to $6.12 per diluted share versus third quarter 2025 net income of $255 million, equal to $6.09 per diluted share

• “Net operating income of $290 million, equal to $7.62 per diluted share versus third quarter 2025 net operating income of $316 million, equal to $7.54 per diluted share

• “Total Shareholder Return of 14.2% annualized1; Annualized 6.0% Net Income ROE and 7.4% Net Operating Income ROE

• “Book value per share of $381.04 at September 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 $414.00 at September 30, 2026 versus $379.70 at December 31, 2025

• “$3.7 billion in gross written premium from Core businesses, a year-over-year decrease of 4.0%, which includes a 6.2% decrease for Reinsurance Treaty and a 3.2% increase for Global Wholesale & Specialty on a comparable basis

• “Combined ratio of 105.8% for Core businesses, which includes 108.5% for Reinsurance Treaty and 97.3% for Global Wholesale & Specialty

• “Attritional combined ratios of 87.0% for Core businesses, which includes 84.9% for Reinsurance Treaty and 93.7% for Global Wholesale & Specialty

• “Net unfavorable reserve development of approximately $268 million in prior year loss reserves, resulting in an increase of 8.5 points on the Group combined ratio

• “Pre-tax underwriting income [loss] of $[223] million for Group, $[191] million for Reinsurance Treaty, $19 million for Global Wholesale & Specialty, and $[51] million for Legacy

• “Net investment income of $634 million versus $540 million in the prior year quarter, driven by higher alternative investment returns.”

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