The company reported net income of $724 million ($16.70 per diluted share) and operating income of $730 million ($16.85 per diluted share) for Q2 2024. For Q2 2023, net income was $670 million and operating income was $627 million.

1. 01

   The company reported net income of $724 million ($16.70 per diluted share) and operating income of $730 million ($16.85 per diluted share) for Q2 2024. For Q2 2023, net income was $670 million and operating income was $627 million.

2. 02

   Everest Group said gross written premium for Q2 was $4.7 billion, up 12.8% on a constant-currency basis from a year earlier, and that its combined ratio for the group was 90.3% (87.7% in Q2). It cited net catastrophe losses of $135 million.

3. 03

   The company said net investment income for Q2 rose to $528 million from $357 million a year earlier, and operating cash flow for the quarter was $1.3 billion (Q2 2023 $1.1 billion).

4. 04

   The company said shareholders' equity was $14.2 billion and book value per share was $327.68 as of June 30, 2024. In Q2, it repurchased $65.0 million of its shares (173,718 shares at an average price of $374.17) and paid dividends of $86 million.

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

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