Everest Group Ltd
EG
ISIN BMG3223R1088 / Valor 1043303
Everest Group Ltd
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About company
Everest Group Ltd is a prominent research firm known for its comprehensive approach to tackling the complex challenges faced by today's businesses. The company specializes in delivering in-depth research and insights that aid business leaders in making informed decisions to enhance operational and financial performance, as well as to foster transformative experiences. Everest Group's expertise spans across various industries, providing valuable guidance and strategies that address the specific needs of their clients. By focusing on the practical application of research, Everest Group plays a crucial role in helping businesses navigate the intricacies of the market, ensuring they remain competitive and agile in a rapidly evolving business landscape.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (29.07.2026):
Everest Group Ltd (Everest Group, Ltd.) reported first quarter 2026 results with strong profitability and capital returns: net income of $653 million ($16.21 per diluted share) and net operating income of $648 million ($16.08 per diluted share), an annualized net income ROE of 16.8% (16.7% operating ROE), consolidated gross written premium of $3.6 billion, a combined ratio of 91.2%, and pre-tax underwriting income of $316 million. The quarter also included $331 million of common share repurchases and $567 million of net investment income.
Profitability
Net income $653M ($16.21/diluted); net operating income $648M ($16.08/diluted). Annualized ROE: 16.8% (net income) and 16.7% (net operating income).
Underwriting Results
Group combined ratio 91.2% and attritional combined ratio 88.5%; pre-tax underwriting income of $316M for the quarter.
Premiums and Mix
Gross written premium $3.602B (down 18.5% year‑over‑year on a comparable basis). Reinsurance Treaty GWP down ~8.5% (comparable); Global Wholesale & Specialty up 1.6% (comparable).
Catastrophes and Reserve Development
Pre-tax net catastrophe losses were $130M (vs. $472M in Q1 2025). Net favorable prior‑year reserve development of ~$33M, reducing the group combined ratio by ~0.9 pts.
Segment Highlights
Reinsurance Treaty: combined ratio 87.2%, pre-tax net CAT losses $90M, attritional combined ratio 85.0%. Global Wholesale & Specialty: combined ratio 96.8%, pre-tax net CAT losses $30M, attritional combined ratio 92.6%. Legacy: underwriting loss $(22)M.
Investments and Income
Net investment income $567M (up from $491M), total invested assets and cash $45.0B; net gains (losses) on investments were modest (-$10M reported).
Capital Return and Balance Sheet
Repurchased $331M of common shares in Q1 (1,002,516 shares at average $330.01). Book value per share $383.75; BV per share excluding URA(D) $393.02. Shareholders’ equity $15.3B.
Cash Flow and Liquidity
Operating cash flow $649M for the quarter; cash balance $1.415B as of March 31, 2026.
One‑time / Notable Items and Taxes
Recorded a $81.0M net pre‑tax expense in other income (primarily related to sale of renewal rights for commercial retail insurance to AIG). Operating income tax rate 11.7%, benefitting from a UK Pillar II tax takedown.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
14022 M
Market cap (USD)
215,694
Daily traded volume (Shares)
360.77 / 355.71
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
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Dividend yield (p.a.)
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Ratings & reviews
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