AM Best Affirms Everest Group Credit Ratings
AM Best has affirmed the Financial Strength Rating [FSR] of A+ [Superior] and the Long-Term Issuer Credit Ratings of “aa-” [Superior] of the operating subsidiaries of Everest Group, Ltd. [Bermuda].
The ratings agency said, “Concurrently, AM Best has affirmed the Long-Term ICRs of “a-” [Excellent] of Everest Group, Ltd. and Everest Reinsurance Holdings, Inc. [Delaware]. Lastly, AM Best has affirmed the Long-Term Issue Credit Rating [Long-Term IRs] of Everest Reinsurance Holdings, Inc. The outlook of these Credit Ratings [ratings] is negative. [See below for a detailed listing of the companies and Credit Ratings [ratings].]
“The ratings reflect Everest’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, very favorable business profile and appropriate enterprise risk management.
“The affirmations reflect Everest’s profitable operating results, despite continued reserve strengthening through third-quarter 2026. Similar to peers, Everest has recognized continued adverse trends related to U.S. casualty reserves. Despite the reserve strengthening, the group’s combined ratio through third-quarter 2026 was 96.3, reflecting the solid diversification and scale of the organization. Since the initial reserve charges at year-end 2024, the group has implemented a number of operational changes that continue to mature under the new management team. AM Best will continue to monitor these changes and how they impact the overall stability of the organization going forward.”
