The company said its net income for Q1 2024 was $733 million, or $16.87 per diluted share, and its operating income was $709 million. For Q1 2023, net income was $365 million and operating income was $443 million.

1. 01

   The company said its net income for Q1 2024 was $733 million, or $16.87 per diluted share, and its operating income was $709 million. For Q1 2023, net income was $365 million and operating income was $443 million.

2. 02

   Everest said pre-tax underwriting income for Q1 2024 was $409 million, a company record, versus $273 million a year earlier. The company said its combined ratio was 88.8%, which was 2.4 pts lower than 91.2% a year earlier.

3. 03

   The company said net investment income for Q1 2024 rose to $457 million from $260 million a year earlier, a company record, and cited a larger asset base and strong core fixed income returns as factors. It said operating cash flow was $1.1 billion.

4. 04

   The company said shareholders' equity was $13.6 billion as of March 31, 2024, up from $13.2 billion on December 31, 2023. It said it repurchased common shares for $35.0 million and paid dividends of $76 million in Q1.

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

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

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