Everest Group Ltd. reported its third‑quarter 2025 results, posting net income of $255 million and earnings per share of $6.09. The company’s net operating income reached $316 million, translating to $7.54 per diluted share. Combined with a 103.4% ratio, the results reflect a 10.3‑point increase in underwriting cost relative to the same period a year earlier.
Underwriting activity for the quarter totaled $4.375 billion in gross written premium and $3.754 billion in net written premium. The loss ratio for the period was 59.9%, while the attritional combined ratio stood at 89.6%. These metrics indicate a higher overall loss burden, driven in part by elevated catastrophe exposure, but also show a narrowing attritional loss profile compared to the prior year.
Strategically, Everest completed a divestiture of its Global Retail Commercial Insurance renewal rights to American International Group, a transaction that will generate approximately $2 billion in future premium exposure for AIG while freeing Everest from legacy claims obligations. The company also secured a $1.2 billion adverse development cover to protect against future reserve development shocks.
Management reiterated its focus on core reinsurance and wholesale specialty lines, emphasizing the divestiture and new cover as steps to sharpen the business and enhance capital efficiency. The company remains committed to deploying capital through share repurchases and targeted investments in technology and talent to support long‑term value creation.
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