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Everest Group, Ltd. — Third Quarter 2026 Earnings Summary

  • Third quarter net income declined 8.6% year-over-year to $233 million ($6.12 per share) due to $268 million in net unfavorable prior year reserve development and $322 million in pre-tax catastrophe losses, though year-to-date net income rose 26.2% to $1.445 billion.
  • Gross written premiums for Core businesses fell 4.0% year-over-year to $3.7 billion, driven by a 6.2% decline in Reinsurance Treaty premiums, while the Global Wholesale & Specialty segment grew 3.2% on a comparable basis.
  • Management prioritized capital deployment with $474 million in share repurchases during the quarter, aiming to accelerate capital return and strengthen the balance sheet heading into 2027.
  • The company reclassified its commercial retail insurance business into the Legacy segment following a renewal rights transaction, while noting strong momentum and profitable growth in the Global Wholesale & Specialty lines.
Company
EVEREST GROUP LTD
Sector
Financial Services
Industry
Insurance - Reinsurance