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Everest Group logoEverest Group EG

The company published a recast quarterly financial supplement for Q3 2023 on its website on January 19, 2024, which contains prior period data for Q1 2022 through Q3 2023.

8-KRegulation FD DisclosureFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company published a recast quarterly financial supplement for Q3 2023 on its website on January 19, 2024, which contains prior period data for Q1 2022 through Q3 2023.

  2. Everest Group said that during Q4 2023, it revised the classification and presentation of certain accident and health products, moving them from the Reinsurance segment to the Insurance segment.

  3. The company said it reclassified the products to reflect how its business segments are managed following management changes beginning in Q4 2023. It also said that during Q4 2023, it updated the calculation of its attritional loss ratio to include the impact of current expected credit losses.

  4. Everest Group said it will post its Q4 2023 financial supplement in the revised format on its website after market close on February 7, 2024, together with its Q4 2023 earnings release.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Everest Group Publishes Recast Q3 2023 Financial Supplement

The company published a recast quarterly financial supplement for Q3 2023 on its website on January 19, 2024, which contains prior period data for Q1 2022 through Q3 2023.

Source · Based on the filing body and exhibits

Reclassification of Accident and Health Insurance Products Between Segments

Everest Group said that during Q4 2023, it revised the classification and presentation of certain accident and health products, moving them from the Reinsurance segment to the Insurance segment.

Source · Based on the filing body and exhibits

Reasons for Reclassification and Change in Attritional Loss Ratio Calculation

The company said it reclassified the products to reflect how its business segments are managed following management changes beginning in Q4 2023. It also said that during Q4 2023, it updated the calculation of its attritional loss ratio to include the impact of current expected credit losses.

Source · Based on the filing body and exhibits

Everest Group to Post Q4 2023 Supplement

Everest Group said it will post its Q4 2023 financial supplement in the revised format on its website after market close on February 7, 2024, together with its Q4 2023 earnings release.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.