Everest Group swings to Q4 net income

Everest

04/02/2026 21:27

Overview

Global underwriting leader posts Q4 net income of $446 mln, reversing a loss last year

Q4 gross written premium decreased 8.6% yr/yr

Company repurchased $397 mln of common shares during the quarter

Outlook

Everest targets lines with better expected margins in its Insurance business

Company aims to deliver attractive margins through sharpened underwriting focus

Everest expects to re-cast retail business into Other segment after AIG transaction

Result Drivers

PREMIUM DECLINE - Gross written premiums fell 8.6% yr/yr in Q4, with strategic reductions in certain casualty lines offsetting growth in specialty lines

INVESTMENT INCOME - Net investment income increased to $562 mln, driven by a larger asset base and strong fixed income and alternative investment returns

CATASTROPHE LOSSES - Pre-tax catastrophe losses decreased to $216 mln from $312 mln in Q4 2024, aiding the improvement in the loss ratio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$446 mln
Q4 Operating Income
$549 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the reinsurance peer group is "buy."

Wall Street's median 12-month price target for Everest Group Ltd is $363.00, about 10.1% above its February 3 closing price of $329.83

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBw2YRld2a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)